Affiliate marketing has been a part of my life for 15 or so years. Even though I’m also involved with e-commerce and Amazon and there have periods of time when I’ve put much more focus on other things, I’ve never lost sight of how important my affiliate revenue is.
One of the things I’ve always found exciting about the industry is the ability to set up passive income streams. You do the work once and the sales keep coming in – sometimes for years afterwards.
Here’s one of my passive affiliate revenue streams. You don’t need a lot of these to create a nice lifestyle.
Update: I realised that I had obscured the dates on the above video, so here’s an updated screenshot of the same affiliate program, same product, for the last 7 days. And as you can see, it’s increasing, even though I haven’t done anything since I set it up.
It’s my opinion that anyone who’s willing to learn, willing to keep pushing ahead even when something doesn’t work the way they hoped it would – as opposed to giving up – can make a fruitful career out of affiliate marketing.
Here are the pros and cons based on my own experience:
-You don’t need your own products
-You don’t need to buy stock
-You don’t need to fulfil orders
-You can start on a small budget (low barrier to entry)
-No customer service to deal with
-No returns or refunds to deal with
-Can work as much or as little as you like
-Can take time off without worrying about customers or orders
-Can create passive revenue streams
-Can scale up a lot easier than with most other business models
-A lot of hype surrounding the industry, so it’s easy to get mislead or misguided.
-It’s competitive. But so is everything worth doing!
-It takes work. Even passive income streams take work to set up in the first place.
-Can be overwhelming because there is so much information available, some of it conflicting.
-Many affiliate networks or independent affiliate programs are selective about who they accept as an affiliate for their products. However, there are ways around this.
I’m currently putting together a boot camp style program that’s unlike anything you’ve probably seen before. You will be able to follow me as I create an affiliate marketing income stream, from scratch in a brand new niche, with no list, no audience, nothing at all. It’s not a ‘course’, where you go in, watch some videos, then forget all about it. In fact, it’s nothing like that at all.
Basically, you will get to see how things really work from the inside.
Full details will be posted shortly…