Growing up, I witness my father go through countless stages of life. He went from a Dentist to becoming a restaurant/hotel owner—a hybrid. I was always intrigued by his business ventures and how he’s always searching for ways to improve our lifestyle.
The business was located in a small village in mainland China known as Jiangnan. I don’t have detailed memories of how it was like, but I do recall how stressful my father was.
Before his business became profitable, he had to invest a huge sum of money for the overhead cost. He had to pay his employees, utility bills, refrigerators, utensils, tables, chairs, beds, air conditioners, etc.
Even then, due to the geographic location, there wasn’t always a lot of business. Some days the restaurant/hotel would be completely booked and some days you’re lucky to have half the place filled with paying customers.
But let’s just say in a perfect world, your business is doing just fine. So you want to scale it… you are limited to how much you can make because you can’t charge more than your competition.
I think the ultimate downfall of my fathers business was it being restricted to location. He’s an occasional traveler to mainland China, so he’s not their majority of the time to oversee its operation.
This happens to a lot of people and most people who invested hundreds of thousands of dollars end up breaking even or losing it altogether.
Today, I will reveal a business model that allows you to have the freedom to make money wherever you are without the risk of losing hundreds of thousands of dollars.—Affiliate marketing.
The Benefits of Affiliate Marketing
- Your business is not location dependent. You can make money anywhere in the world as long as you have access to the internet. Many successful affiliate marketers who earn a 6-7-8 figure income operate their business at their local coffee shop or at the comfort of their home.
- Low overhead cost. Unlike a regular business, your overhead cost is a small fraction compared to regular business owners. All you need to pay for is website hosting, domain name, email marketing services, premium themes, plugins, etc. If you add that up, the costs is in the hundreds.
- You don’t need to hire employees. Well, you can if you want especially if you’re running a very successful online business. The good news is, they can work from anywhere in the world as well and it’s quite easy to track their productivity.
- Your customers are not location dependent. Unlike my fathers business, as long as your customers are interested in what you promote, they can make a purchase from anywhere in the world as long as they have access to the internet.
The Truth About Affiliate Marketing
Before you get started, you need to understand the truth about affiliate marketing. Even though affiliate marketing is by far the easiest way to make money online, it is also one that holds the highest rate of failure.—It’s easy to get started, but it’s also easy to fail.
Most people don’t treat affiliate marketing as a real business because of the low overhead cost and no physical storefront. That is where they are wrong…
Let’s look at Amazon, for example, it’s the largest internet shopping industry and they have ZERO physical stores. How come they are beating everybody else like Macy’s, Target, Best Buy?
The Answer: Amazon doesn’t have limitations like other physical stores. Nowadays, shipping is quite fast as well.—This is why stores like Best Buy offers a price match for products that are shipped and fulfilled by Amazon.
Your success in this industry depends solely on your dedication and how well you market yourself and your online business. I’ve seen people who get started and gives up after a couple of months because they don’t see the results. Once they give up, they automatically assume affiliate marketing is a scam.
You can ask any successful business owners how long it took them to make good money. I guarantee nobody will tell you almost instantly. If someone tells you that… they are lying to you.
An Important Tip To Remember When Trying To Run A Successful Online Business
It’s quite tempting to spend your first earnings as an affiliate marketer on food or something nice, but let me tell you now, that is not wise to do.
Your first commission is probably not very significant, but it’s money that you can reinvest back into your business to help it grow.
Do you remember in the beginning how hard it was to spend that extra $50.00 to purchase a better theme for your website? I do and that’s why everything that I make gets reinvested back into my business. This allows me to not worry about my online business expenses because it’s covered!
How To Start An Online Business Today
If you are interested in starting an online business like mine, you can replicate exactly what I did. I started my business with ZERO upfront cost because the platform that I joined allowed me to sign up for free.
It does have limitations though!
I wasn’t able to register my own domain. Instead, I had to use a subdomain that looked like this: smartaffiliatehub.siterubix.com
At first, I was kind of bummed out by it, but in the end, it allowed me to create 2 free websites with website hosting as part of the free membership.
I was amazed by the level of education especially for someone who knew nothing about making money online or building websites. That’s when I decided to take things to the next level…
Upgrading To The Premium Membership
The first time upgrade fee was $19.00 and afterward it becomes $49.00 per month. It sounds quite expensive, but after going through the lessons as a free member. I knew this would be worth it. For those who are interested, I highly recommend checking out Wealthy Affiliate.
There is no more profitable investment than investing in yourself.
Have you heard of Wealthy Affiliate before? I hope this article was helpful! If you have any questions, please let me know by leaving a comment down below. I will do my best to help you out.