Affiliate Marketing; A Better Option for Passive Income in The Face of Covid-19
Updated: Jul 31
The COVID-19 Pandemic is gradually changing every aspect of the world. Many people are now beginning to realize that formal employment may no longer be a future certainty and thus looking at how to make extra money. Several lay-offs and job losses are on the rise and the world economy is drastically plunging to another potential recession, In the meantime, alternative professions or additional sources of income are now being looked at. Many companies are still struggling to reopen for business and their cash flow has been badly affected by the COVID-19 crisis. The question now is, what can one do to make sure they keep up with their bills and other financial needs and overcome any current and future cash flow challenges.
This article contains affiliate links where we may receive a small commission for at no cost to you if you choose to purchase a plan from any of the links.
There's a ton of professions that you can ultimately choose from, but not all of them have exceptional money-making potential. Almost everyone is yearning towards financial freedom, but most people are not ready to roll up their sleeves and put in the hard work to get it. Being an affiliate marketer, (one of our best option) is like picking any other profession, but the juicy part is that you don't have to work set hours in a confined space or office. Simply put, as an affiliate marketer, you call the shots. You're the boss of your business and you decide what needs to be done.
Affiliate Marketing is not a regular job, nor a project handed to you from an angry boss, or a choking company, it is actually a real business where every single rule is clear. You give the outcome to the product owner by making sales or leads and earn an income for what you do. This could be your perfect cushion to counteract the negative effect of COVID-19 job losses and reduced formal incomes.
If you have thought about trying out this 'internet marketing' of a thing, and perhaps, you had a change of mind, we encourage you to give it another try, especially in a time like this. Now maybe the perfect time to roll out your expertise and launch a lucrative marketing strategy that can put you on a recurring income even while you sleep. There aren't any other businesses that can compare to the easiness that affiliate marketing has. It can provide the financial freedom that you crave and get you to your goals if you know exactly how to do it correctly.
In this article, we will examine a few tips that can help you as an affiliate marketer. Of course, there are many methods to achieve this, but these few suggestions will get you on your way. The first thing to consider is the type of product or service you may want to market, the honesty in your marketing, and your ability to remain cautious, steady, and consistent, regardless of your initial sales results.
(i): Identifying your preferred affiliate products or service with caution.
Your reputation relies on the types of products that you choose. So if you choose products just because of the high commissions, you will have to live with your choices. We suggest that you do your homework and due diligence to choose products or services that your prospective clients will truly like. If possible, try out the product yourself, so that you are completely satisfied with it before recommending it to others. When you are confident that it is a quality product, you can advertise it knowing that it does not have any hidden blemishes or flaws. Remember, there's no need for a shortcut to any place worth going. Your reputation weighs more than any sales commission, hence choosing the right product is a must.
(ii): The honest theory. All affiliate marketing models are based upon honesty.
At this period of uncertainty and volatility caused by Coronavirus, it is imperative that your marketing efforts are built on trust. You as an affiliate trust your product owners for the commissions you earn, while your prospects trust you for recommending the right products. It is vital, therefore, that you realize how trustworthiness and successful affiliate marketing depend upon each other. When you become a source for trust to your prospects, you'll end up making many more sales and build a business that actually delivers results.
The only way that you will have a heads up on your competition is by gaining the trust of your targeted audience, so do all that you can to gain trust. As long as you continue to learn and put your knowledge into practice, your abilities as an affiliate marketer will grow, along with your earnings. You will have to put what you know to the test.
(iii): Be consistent, take steady action, and don't get distracted or discouraged by setbacks.
Inevitably, chances are that you will experience some setbacks or poor results during your startup days. There will be times when you will want to quit, but that's when you actually stick to it until you see results coming in. Under the threat of a potential global recession, it is important to have a plan B, that earns you some extra passive income and affiliate marketing is one of the most reliable tools that can keep your cash flow alive.
If you are ready to launch out into the affiliate marketing world, the most needed tool to help you get started is a good functional website. There is a ton of web hosting companies and domain sellers out there, but the question is, which one is right for you at this time? Well, we can only recommend the ones we have both worked with, vetted and trusted, not just by us, but by so many businesses and affiliate marketers alike. We won't be forcing you to go for it, but want to let you check it out and maybe, give it a try for their 30 days money-back period so that you can have sufficient time to give your personal experience as a review. Our best recommendations are BLUEHOST and HOSTINGER.
Cheapest plan (Basic Plan) usually for a single website starts at $3.95/month, with 50GB of SSD storage, unlimited bandwidth, and a free domain name included. You can also choose from their other plans, like the Choice Plus, which starts at $6.95/month and comes with unlimited bandwidth, unlimited storage, unlimited number of websites, and domains. This plan also comes with full backup, domain privacy and protection, and of course, a 30-day money-back guarantee. All their hosting plans come with a free SSL certificate.
Less expensive web hosting, without sacrificing the high-quality of features provided. Shared Web hosting plans begin at $0.99/Month for the single plan. It comes with a Free SSL Certificate, 100 GB Of Bandwidth, 10 GB Of Disk Space, and a 99.9% Up time Guarantee. This plan is good for folks who are just starting out with their first website, or even a professional web developer that’s looking for the cheapest web hosting out there. What’s more, they include a 30-Day Money-Back Guarantee with all of your purchases so that you can try it out to see if you want it.
You can visit HOSTINGER Here
Once you have chosen your domain name, get registered with a web hosting plan, the next step will be to look for the right place where one can get the right products or services to market as an affiliate partner. That brings us to our next recommendation, you may have heard of it, but don't just take our words, dig into google and make extensive research before you take a decision. Our choice is ShareAsale.
ShareAsale is an Affiliate Marketing giant that has been in business for over 20 years. They feature more than 2,500 merchants, offering a variety of products and services. As an affiliate, you select any of their merchants and attempt to direct sales to the merchants' website. The merchants will then pay you a commission for sales resulting from the affiliates' referrals.
You can read more by visiting their website here: www.shareasale.com
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