Sunday, December 13, 2009

Affiliate Marketing - Can You Make Money?

When we talk about making money online one of the most common phrases heard is Affiliate Marketing. This is because normally when someone decides they want to make money online this is one of the first streams that comes to mind. So question is, can you make money with affiliate marketing? Well let's take a moment and look at a few of the pros and cons and then see what the conclusion is.





What are the good things about Affiliate Marketing?


1. Products


You don't need to have one. There are plenty of programs that provide products and services than you can choose from these can range from eBooks, to downloadable software to monthly subscriptions. Part of this advantage is mostly you do not have to keep any type of inventory on hand.


2. Payment Processing


For the most part which ever affiliate program you choose they have already set up merchant accounts that do all the processing of orders.


3. Different types of Programs


This kind of relates to number one. You can choose to promote a product, promote a monthly subscription (normally means residual income for you) or if you so choose to promote lead generating systems. So there are plenty of options to suite your style.


So what are the disadvantages?


1. Advertising


This is where the rubber meets the road it is completely up to you to get traffic to your website. You are responsible for getting your url link or website exposure on the internet and to bring in the customers. To me this is where the struggles begin, if you do not understand how to make this happen affiliate marketing can be very frustrating.


2. It Takes Time


Learning affiliate marketing takes time as does learning what it takes to advertise properly. There is a lot of competition in most areas of affiliate marketing you can make headway but only with patience.


3. Compensation vs. Effort


You really have to find a product that provides good compensation for you efforts. A lot of the compensation plans that are available for the products offer a small perecentage of the sale. So to really bring in a good amount of income that represents your efforts you will have to probably promote multiple products.


These are just a few of the pros and cons of affiliate marketing. Do I think affiliate marketing is a scam and do I think you can make money with affiliate marketing? I don't think it's a scam and I do know you can make money with it. I do believe though you want to do some good research before you decide on the program you want to join. Find great products that have good compensation so not only are you making money but you are able to match your efforts with your income.

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