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Welcome to Incognito Money Podcast Is Affiliate Marketing a Good Way to Make Money? Affiliate marketing is one of the most popular ways to make money online, but it’s also one of the most controversial. Some people will tell you that affiliate marketing only works if you have a huge list of followers, which requires an enormous amount of time and energy to create. Others will say that affiliate marketing isn’t effective at all, and that you’re better off building your own brand from scratch than taking other people’s brands. But what’s the truth? Is affiliate marketing a good way to make money? Learn how affiliate marketing works If you’re interested in making money from affiliate marketing, you’ll need a way to make money from affiliate marketing. To get started, first understand how affiliate marketing works—and what it doesn’t. Affiliate marketers typically earn income by recommending products on their websites or blogs (like this one) and earning a commission if someone clicks through and buys that product. The commission is usually between 20% and 50%. So yes, anyone can become an affiliate marketer without a website. Understand what you get out of it The first thing to do is define what you want out of affiliate marketing. If you want people who are already interested in your topic (like your own subscribers) then stick with affiliate programs that can make money on autopilot. The more targeted you can be, the better (and faster) you will make money as an affiliate marketer. Think about how it affects your day-to-day life The biggest question many people ask when they’re considering affiliate marketing is how much money they can make with it. While there are no guarantees, with dedication and hard work you could potentially earn up to $3,000 per month as an affiliate marketer—but it all depends on how much time you’re willing to dedicate. Also, keep in mind that you’ll need at least one website or online platform where you can post your content (if not multiple). This takes time and effort. Consider how much time it takes Let’s first acknowledge that, yes, you can make money as an affiliate marketer. But how long it takes you to get there will vary greatly depending on what niche you select and how much time and energy you’re willing to invest in your new career. One of my first lessons as an affiliate marketer was that I had no idea just how much time it took to create successful marketing campaigns, write quality articles, manage large networks of affiliates and maintain my own site. Be realistic about your level of commitment If you’re looking for an easy way to make money from home, affiliate marketing may not be it. It’s hard work; you’ll need business cards, website, email lists and more. But if you have a knack for connecting with people and creating content that converts, affiliate marketing can pay off big time. And even if your site doesn’t convert right away, affiliate marketing is still a great way to build your brand and gain valuable experience. Can you sell another person’s products and services? Selling other people’s products and services is one of several ways you can make money with affiliate marketing. You don’t need your own website, which means anyone with an internet connection and little or no startup costs can join an affiliate network like Share-A-Sale or ClickBank. However, if you want to be taken seriously as an affiliate marketer—especially if you want higher commissions and more recurring income—you need to have your own product or service. What are the downsides of making a living this way? One big downside of affiliate marketing is that it’s not as passive as it appears. Sure, you don’t have to quit your day job, but there are still plenty of tasks and responsibilities you need to keep up with. Another important thing to remember is that making money from affiliate marketing can take some time. Are there things you need to learn before taking the plunge? There are three primary skills you need before starting an affiliate marketing business: website design, conversion optimization, and search engine optimization. If you’re not an expert in one or more of these areas, it’s OK—you can hire people who specialize in them. The most important thing is to have someone who knows what they’re doing advising you on your business.