One of the biggest challenges for anyone starting any business is the cost of starting. Many people don’t have access to the large amounts of capital required to start building a business. And this is a major limiting factor for many people. Today I will be delving into one business model that requires little to no start-up capital! Yes, it’s true there is a way to start a business with zero money, it is called affiliate marketing and you can even get started today!
Here is what I will be covering today:
- Myths about Affiliate Marketing
- Building a business without Boundaries
- Why should you find a niche?
- Why you need a blog?
- Use Social Media to spread the word
- Grow Your Email List
- Be Consistent!
Let’s dispense with the Myths First
Affiliate Marketing, like any real business, will not make you heaps of money from day one, no business will! It is not a quick route to making money. It is a great way to start building an income for yourself, through your own efforts. If you are working and want an additional income stream, affiliate marketing can be a way to build a steady income that can grow over time.
As an affiliate, you will be promoting products and services that will earn you a commission from every person that buys that product. Instead of physically selling any products you are acting as a referral partner, and earn money for referring a customer. So if you look at it from a long-term point of view and invest now, down the line it will yield higher and higher returns as you grow your business.
A Business without Boundaries
One of the great benefits of an Affiliate Marketing business is the fact that you can run it from anywhere! It’s also not like a normal business where you need to be available during business hours. You also don’t need to only sell to people in your country, you can market your products anywhere in the world.
This means if you ever built a strong enough business that makes you enough money, you could live anywhere in the world. So you could truly be a digital nomad and live and work where you want. You could even travel while you work, the choice would be yours.
Why should you choose a niche?
One of the challenges facing anyone starting out is what to sell! There are just countless products and services in innumerable industries that you could sell. The problem is not if there are opportunities to sell, the problem is what opportunities will you focus on? Instead of trying to cover too many bases, focus on one niche or solve one problem.
This will help you be more focused on your marketing efforts! And this is a good thing. If you sell too many different unrelated products, it will severely undermine your content. This is also not ideal from a search engine point of view. So think carefully about what you want to sell by asking these questions:
- Where are my interests?
- What am I knowledgeable about?
- What do I love talking about?
- What would I love to learn about everyday?
- What products or services do I use everyday?
- What products and services am I knowledge about?
Dig into your strengths, passions, experience, and knowledge to find areas that will be more natural for you, as this will greatly help you when creating content. There are many tools online that can help you research the demand for online products and services. Doing a Google search can direct you to some free tools for viewing real data about your niche.
Get some ideas for How to Start an Online Business Doing What Your Love?
Do you need a Blog?
No! But although you don’t need a blog to get started, I would highly suggest setting up a basic blog for your business. Some affiliate programs will require you to have a website, so it depends on the affiliate network. You can share information about the products you are selling, and create a resource with your audience.
A blog gives you total ownership over your content. You are in control and can use it to centralize all your content in one place. Even if you decide to move from one social media platform to another, your content will still be accessible on your website. You can also use your web content to repurpose on social media platforms. This can help you maintain consistency, and help you to build traffic to your website.
Many hosting companies have basic webpage builders to help you set up a basic website, that won’t even cost you any more than your monthly hosting fee. Ask them to find out more!
Find out more about: How To Choose A Domain Name For Your Business?
Use Social Media to Spread the Word
Social media is a powerful content distribution platform to share your content and grow an audience. Your content can educate your audience about what you are promoting and create exposure for your affiliate products. Choose a social media platform where your target audience is to increase the success of your content. The better you connect with your target audience the more effective your affiliate promoting will be.
People will be more inclined to follow a link from a trustworthy source than someone that hasn’t taken the time to build a strong following. Social media can be powerful leverage for driving traffic, and it is free, so take the time to learn how to use it wisely and it could pay back dividends.
Find out more on How Social Media Can Accelerate the Growth of Your Business?
A great way to build a good affiliate business is to build an email list! If your customers have subscribed to your newsletter, they have already shown interest in your products and services. Now you can use this list to regularly send out information that can inform, educate and promote your products. But remember, put your customer first and don’t just cold pitch every email or you could land up with people unsubscribing faster than they join!
A mistake many affiliate marketers make is they fail to be consistent! To achieve success you need to be consistent, and that means working at your business every week. Create informative content for your readers weekly and share that on social media! Make it part of your email newsletter and keep your readers interested and your business will grow.
Lets Summarize, an Affiliate Business:
- Can make you money if you take the time to grow it!
- Can be run from anywhere in the world.
- Can be run anytime of the day.
- Should be based on your interests, experience, or knowledge.
- Can be run with or without a website.
- Can be run using Social Media as a primary platform.
- Can be promoted through an Email Newsletter.
- Can be successful by being consistent!
So, what are you waiting for?
Get ready to Launch into CyberSpace!
With a Step-By-Step Blueprint to Guide You to Success.
Your Business. Your Terms. Online. Anywhere.