Affiliate Marketing is going to be a $27.78-billion industry. 8 out of 10 brands say that Affiliate Marketing is an important revenue source.
A big problem today is that 82% of males and 92% of females earn less than 10,000 per month.
Additionally, the number of people who lose their jobs every day is so horrifying that you cannot help but lose sleep about job security.
Well, if you were an Affiliate Marketer that won’t be an issue!
So to help you, I will share the top 8 ways through which Affiliate Marketing can help you make additional income despite having a full-time job.
Note: I recommend pursuing Affiliate Marketing before or after your working hours.
But What Is Affiliate Marketing?
In simple words, Affiliate Marketing is the process of promoting other people’s products or products that are already there in the market through your unique affiliate link.
And, if you make sales (through your unique affiliate link), you will make a commission.
Let me give you an example of how Affiliate Marketing works so you will understand the business model.
Suppose, you are an affiliate and promote a laptop. The cost of the laptop is, let’s say, ₹1,00,000. (Yes! Yes! I Indirectly mean MacBook.)
The commission rate – decided and specified by the seller/vendor – for each sale is, suppose, 5%.
Now, you grab your unique affiliate link and promote it to your audience.
Let’s say, 3 people buy the product – the laptop – through your unique affiliate link.
Now, let’s do some calculations:
The cost of the product is ₹1,00,000.
The commission rate is 5%.
So, for each sale, you will make a commission of:
5% of ₹1,00,000
= ₹5,000
Since you made 3 sales, you made a total commission of:
3 x ₹5,000
= ₹15,000
Suppose, you had generated 7 sales. How much will be your total commission in that case? Let me know in the comments box below.
So, that was a bit about Affiliate Marketing and how it works.
This is also to tell you that Affiliate Marketing is totally worth it!
If you’d like to make additional income with your full-time job, click the below button and join my community for ₹499!
How Can Affiliate Marketing Help Working Professionals?
Affiliate Marketing is a profitable business that can help you in various ways.
Through Affiliate Marketing, you can earn additional income, develop new skills, and even leave your job to make it a full-time career.
In this section, I will cover all the various ways to tell you how Affiliate Marketing can help you – working professionals.
(1) Passive Income Stream
In my opinion, one of the most exciting aspects of Affiliate Marketing is the potential to generate passive income.
Unlike in a 9-to-5 job, where you exchange your time for a fixed salary, Affiliate Marketing helps you earn even while you are asleep.
This means that you can continue with your job while Affiliate Marketing generates income for you in the background.
Moreover, there is no upper limit on your earnings.
For instance, if you promote 3 products, you can earn from all 3 of them.
To add the cherry on the cake, you can generate as many sales as you can.
(2) Flexible Schedule
Another sparkling advantage of Affiliate Marketing is flexibility.
When you are in a job, you often have jam-packed schedules which makes it difficult to work on anything else.
However, you can do Affiliate Marketing whenever you have time.
If you have time in the morning, during lunch breaks, or in the evening, you can promote products you love.
Since there is no “reporting time”, “log in time”, or “log out time”, Affiliate Marketing will help you to maintain a healthy work-life balance.
If there are times when you cannot spare even a minute, you can pause your Affiliate Marketing efforts, and when you have more availability, you can ramp it up.
And, when I talk about flexibility, I want to be able to work from wherever I want.
That’s another advantage of being an Affiliate Marketing – Location Independence.
Affiliate Marketing can be done from anywhere provided you have a stable internet connection.
This means your home, a coffee shop, or even a train could be your next “office”.
(3) Low Barrier To Entry
Affiliate Marketing has a relatively low barrier to entry as compared to many other business models.
Hence, if your salary does not give you the freedom to invest significant capital into your business, Affiliate Marketing can be a major lifesaver.
Let me explain:
(3.1) No Production Cost
You do not need to create a product. You simply promote existing products (or services). This greatly eliminates the need for investment or funding.
No shark tank for you! LOL!
(3.2) Minimal Overhead
With Affiliate Marketing, you incur a minimal cost.
For instance:
- You can design a website on CMS like WordPress, reducing your designer’s cost.
- You can host your website for a few hundred bucks.
- You can utilise marketing tools for a minimal cost.
(3.3) No Need Of Employees
Affiliate Marketing can be a “one-person business”, unlike a traditional business.
This keeps your costs down and you can invest the “employee cost” on marketing, for example.
(4) Skill Development
This is getting exciting!
Working professionals can develop crucial skills through Affiliate Marketing that have a direct impact on their primary careers.
Here are a few key skills that you can develop:
(4.1) Digital Marketing
Affiliate Marketing involves various digital marketing techniques, such as:
- Search Engine Optimisation (SEO)
- Content marketing
- Email marketing
- Social media advertising
- etc.
(4.2) Analytics & Data Interpretation
Successful Affiliate Marketers rely heavily on data to optimise their campaigns.
Hence, learning how to interpret data is a valuable and pivotal skill that will help you to make informed decisions.
Making data-driven decisions is a crucial skill in many industries and Affiliate Marketing will teach you even that!
(4.3) Copywriting
Content is king in Affiliate Marketing and writing persuasive content is a core skill.
How?
You write copy for blog posts, ads, social media, etc.
With persuasive copy, you tell your audience about your affiliate product. You share the product description, pros and cons, and pricing, compare it to similar products, and share customer reviews (if available).
Effective copywriting can help you excel in marketing roles within your job.
(5) Multiple Sources Of Income
In today’s day and age, relying solely on a job for income is extremely risky!
For instance, 114 million people lost their jobs in 2020 in the USA due to the COVID-19 pandemic.
Centre for Monitoring Indian Economy CEO Mahesh Vyas has said that over 10 million or 1 crore people lost their jobs because of the second wave of coronavirus.
The COVID-19 pandemic, therefore, highlighted the importance of having multiple sources of income and why relying on your job is perilous.
Thankfully, Affiliate Marketing lets you diversify your income sources, thus, improving your personal economy.
Here’s how you can diversify your income sources:
(5.1) Multiple Affiliate Programs
You can promote products from multiple affiliate programs.
This diversification can ensure that your income does not experience a downfall if one company or business goes downhill.
For example, if you promote 10 companies’ products and 3 of them shut, you can continue to earn commissions from the remaining 7.
(5.2) Income Stability
If your company is affected due to recession or any other reason and your job is in danger, Affiliate Marketing income can provide stability.
It can serve as a cushion during the tough times.
(5.3) Potential For Scaling
As you gain experience in Affiliate Marketing and grow your business, you can scale it up.
For example, if your affiliate income grows from ₹20,000 per month to ₹30,000 per month, you can invest more in marketing or ads and potentially grow your earnings.
(6) Affiliate Marketing Can Be A Full-Time Career
Although you can start Affiliate Marketing as a side hustle, it undoubtedly has the potential to become your full-time career.
Many Affiliate Marketers (including me!) have successfully transitioned from their 9-to-5 jobs to working on Affiliate Marketing full-time.
If you are looking to make that transition, you can do the following:
(6.1) Consistent Income Growth
If you really want to make Affiliate Marketing a full-time career, you have to grow your income.
To grow your income, you might need to explore multiple niches, optimise your marketing strategies, generate more leads, build trust through quality content, and provide value to your audience.
(6.2) Financial Planning
Before quitting your job, it is essential to have a financial plan in place.
You need to consider 2 things:
(i) Is your savings enough to sustain you for 6 to 12 months?
(ii) Is your affiliate income close to your salary?
(6.3) Risk Management
Just like anything in life, Affiliate Marketing comes with risks.
You should be prepared for fluctuations in your affiliate income and have a backup plan.
(7) Personal Branding
Affiliate Marketing can surely help you build a personal brand. You can build a strong brand if you do the following right:
(7.1) Build Authority In A Niche
As you create content and promote products within a specific niche, you can become an authority in that field.
And, when you build authority in a niche, you enhance your credibility even in your primary job.
This authority also leads to increased loyalty and a willingness to follow your recommendations and purchase through your affiliate links.
(7.2) Create Quality Content
Since quality content persuades your audience to click your affiliate link and buy, creating content consistently is crucial.
As you create content consistently, over time, you improve your content creation skills.
(7.3) Public Speaking & Presentation
An effective strategy for promoting affiliate products is through webinars or videos.
So when you host webinars or record videos, you develop public speaking and presentation skills that are also valuable in various professional settings.
If you’d love to know how you can make additional income through webinars, you can watch this video:
(8) Networking Opportunities
Affiliate Marketing often involves networking with other Affiliate Marketers, product creators, and professionals.
This networking can open up the following opportunities:
(8.1) Collaborations
Through networking, you can discover opportunities for collaboration.
This collaboration could involve joint ventures, co-promotions, or partnerships that can boost your Affiliate Marketing business.
(8.2) Industry Insights
When you network with other Affiliate Marketers, you learn valuable insights into trends, future scope, consumer behaviour, challenges, etc.
These insights can help you better understand your niche and could also help you in your primary job.
(8.3) Mentorship
Through networking, you could find experienced Affiliate Marketers who can help you grow faster.
Learning from someone who’s already achieved what you want to achieve can accelerate your income and growth.
How Can You Start Affiliate Marketing?
Now that you know what Affiliate Marketing is and how it can help you, I will tell you how you can start Affiliate Marketing.
Within my community, I share the 6 simple steps that can help you to go from novice to pro in just 90 days.
You can join by clicking this link.
I will divide this into 6 steps:
Step 1: Identify Your Niche
You should choose a niche that aligns with your interests, expertise, and the challenges of your target audience.
Additionally, the niche should have the potential for income.
You can read this post if you want to find and finalise your niche.
Step 2: Research Affiliate Programs
You can find thousands of affiliate products on:
- Amazon Associates
- DigiStore24
- ClickBank
- Share-A-Sale
- CJ Affiliate
- etc.
You should look for products that you are interested in.
Step 3: Create A Website
After you have chosen a product to promote, you can create a website to share content and promote your affiliate products.
You can build authority if you have a secure and fast website.
If you’d like to build a website in a few hours, you’ll love this post.
Step 4: Create High-Quality Content
Content is the most crucial aspect of Affiliate Marketing. You should create content that:
- Helps your audience
- Provides value
- Solves problems
Step 5: Promote Affiliate Products
You can promote your affiliate products through various methods such as SEO, social media, email marketing, paid ads, etc.
Through all the above methods, you can drive traffic to your content and generate commissions.
Step 6: Analyse & Optimise
You must use tracking tools such as Google Analytics or ClickMagick to track the performance of your posts, ads, and links.
Based on your data, you can change your strategy and improve your results.
Conclusion
Affiliate Marketing offers working professionals a flexible and lucrative way to earn passive income, develop skills, and diversify their income streams.
It is a side hustle that can surely evolve into a full-time career.
To succeed in Affiliate Marketing, you should choose a niche that aligns with your interests, create quality content, and promote products that provide value to your audience.
Remember that Affiliate Marketing requires:
- Hard work
- Dedication
- Perseverance
- Commitment
It is NOT a get-rich-quick scheme but, with time, you can make a remarkable income.
Whether you are looking to earn additional income or start your business, Affiliate Marketing is a great place to get started!
Now I am curious to know which is your favourite brand.
Affiliate Marketing takes time and if you really want to become an Affiliate Marketer, I would love to invite you to my elite community for Affiliate Marketers!
Usually, the cost of the membership is ₹4,999 but only for you, I am giving it away for ₹499!
