Have you ever wondered how companies such as eBay and Amazon make their money? Yes, they sell things online but how do they get their traffic? They use affiliate marketers.
Affiliate marketing is the art of harnessing online traffic and redirecting towards a certain platform or product and making a commission every time someone buys that product or from that platform using your affiliate link.
It is very much like being a digital salesman, only you do not have to get horrid body aches as you walk from door to door. Imagine the kind of potential for income this business has. Platforms such as Amazon offer up to 10% commission on every item purchased using your affiliate link. Other platforms and vendors offer higher commissions, some even going as high as 50% – 60% or more.
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It is estimated that the affiliate marketing industry will grow to around $6.8 billion in the next half-decade. There is a lot of money to be made out there, and all you have to do is find a way to redirect traffic. Some of the most successful affiliate marketing websites include platforms such as “This is why I’m Broke” which makes about $50,000 worth of commission every single month.
The good thing about this is that starting a blog isn’t that expensive. In fact, there are platforms such as Wix that allow you to build a website for free and very quickly. Of course, if you want to go professional, which is advisable, you are going to have to pay a designer and content creators who could increase your overhead expenditure a bit.
All in all, you could start a blog today and get well underway to making money passively in the future.
