Affiliate marketing is often touted as one of the fastest ways to create cash online. But can you really make a full-time income from affiliate programs? We'll talk about this and more in this article.
Firstly, one of the advantages that people often talk about when discussing affiliate programs is that there is no market research or product creation needed. All of that is done already. All you have to is promote your affiliate link to earn instant awards.
However, because this is the case, you do 'give up' some of your profits. For digital products on Clickbank or Pay Dot Com, the orders are really nice though, ranging from 50% to 75% of the product's selling price. Which means that the lost is minimized.
But if you promote physical products, your margins will be much lower. Physical product vendors typically pay no more than 25% of the selling price because there are more costs involved when developing physical products. There might be a warehouse the vendor needs to rent, or the product may be expensive to produce. This means you are not fully maximizing your profit potential from marketing these products.
So yes, you can make money with affiliate programs. But in my opinion, stick with promoting digital products. You get high profit margins, which will give you a better Return On Investment on your online marketing efforts. So go do affiliate marketing while you hold your day job to earn a healthy side income. If you find that it's making you a fortune, you can even quit your day job for good.