Affiliate marketing is one of the best business models out there. It is an excellent way to earn income online. The reason is that the start-up cost to do affiliate marketing you start for free or pay for a website or start a different way. Not all businesses are great as they do have their weakness and that is no surprise with affiliate marketing, as today we will look at the pro and cons of affiliate marketing in 2020.
Remember this is not hating on the people who do this business model as many individuals do make a lot of money doing it, Linxtro is here to point out if you suited for this business model.
Affiliate Marketing Pro
Low-Cost Investment
When it comes to affiliate marketing you don’t need a lot of money to start with or in fact nothing at all. It’s a lot cheaper than any other business model out there. The fact is you don’t need employees you can work by yourself.
Like affiliate marketing, all you need is your laptop, an internet connection and a website under $100 a Boom you are now an affiliate marketer.
Easy To Set Up
As all affiliate marketer needs to know what niche are you picking. Then you can post it on your blog or youtube channel about the product. Then get traffic to your blog or youtube by SEO or social media.
No experience needed
You don’t need previous experience to start affiliate marketing as you all you do is recommend products that you like or products that can help the person. This business model doesn’t require a college degree
As affiliate marketing is all about helping people that need a product you’re recommending a product that they need.
Passive income
Many people may not know this but you can make passive income. Not sure what is passive income is well passive income is you putting in time and work and expect to earn money down the road.
As affiliate marketing can be into a passive income source but it can take up to 6 months of you putting in time and work. As there is sometimes it takes shorter than usual depending on how much time and work you will put in.
Flexibility
When it comes to affiliate marketing you can start however you like you don’t need to start a blog, you can make a youtube channel dedicated to a niche of your choice. Plus, you can make a social media platform dedicated to a niche as well. To top it off you can make this as a side hustle as you don’t need to be always working on marketing.
Related article: How to start affiliate marketing with Instagram
You don’t need your own product
This is so good as you don’t need your own products for an affiliate. As no one wants to deal with customer service as it can be a real pain then ship them a new product or customer wants a refund. Begin an affiliate marketer is getting traffic to the product and making a commission.
Scale
If you want to scale your affiliate marketing you certainly can as now with the use of new software helping you. As now some of the companies that you are an affiliate to are now providing a recurring commission, that simply means a customer has to pay monthly for the service the company is proving you can also make a commission for that as well.
Cons
Affiliate marketing can’t be that good as every single business has a weak spot that no one talks about when starting out your journey as the pros and cons to affiliate marketing in 2020.
Don’t have control
Believe it or not, you don’t have control as you don’t own the product. As when it comes to the affiliate commission it can change as well for example before 50% now change to 30% as it can affect you depending on that product is making you the most money. As you have a backup as there are thousands of affiliate products to choose from.
hard work
If you want to make the business model work to quit the job you have you must put in the time and hard work. It does require you to put your time to research and plan, once you get this down you will make it easier for yourself.
Last words for affiliate marketing
My thoughts on affiliate marketing are it can be excellent for some people as this business model can be your full-time job and be passive if done correctly. As there are some people who aren’t fit for affiliate marketing as it does take time to get paid decently.
If your ready to start the business model I highly would recommend how to do affiliate marketing as a beginner as this would go step by step on how to start affiliate marketing ad for you to start taking action