Is affiliate marketing a good side hustle?
If you are looking to build a long term side hustle this can work for you. This is not a get rich quick scheme and will take some time to build up your business. If your monetary needs are not immediate then it can be a good side hustle for you.
What is the difference between an affiliate program and an affiliate network?
An affiliate program is a referral program that pays you to promote their product or service in exchange for a commission or fee. An affiliate network service will have a list of many affiliate programs to choose from, and is a one-stop-shop for affiliates to connect with merchants. Using an affiliate network service makes it easier for you to find affiliate programs and for merchants to find you. Affiliate networks handle tracking and the payment of commissions for all of their affiliate programs.
How difficult is affiliate marketing?
Affiliate marketing is all about promoting products and services. It is the same as promoting any other business. If you are good at marketing then this is a great opportunity to build a successful business.
What is an affiliate disclosure statement?
This is something that is required by law to protect consumers and keep advertising open and honest. Affiliate marketers must disclose that they have a financial relationship with the company they are linking to and that they make money on any purchases that are made through affiliate links on their site. This must be done to stay in compliance with the current FTC Laws. Make sure to research and keep up to date on the FTC Laws, to make sure you comply.
What’s the difference between affiliate marketing and drop shipping?
In affiliate marketing you have less to deal with the company takes care of everything including the online store, payment, shipping and customer service. With drop shipping the company is the middle man. You take the order and forward it to your supplier for fulfillment. In other words the customer pays you, the supplier ships directly to your customer and you pay the supplier.
Affiliate marketing and drop shipping both allow you to sell products online without having to deal with inventory and shipping. No upfront inventory costs and no hassles with fulfillment.
What are the advantages of affiliate marketing?
It can be done with minimal upfront costs so the risks are minimal. You don’t have to deal with inventory, payments, shipping, or customer service. Work can be done from anywhere with a laptop and internet service.
What are the disadvantages of affiliate marketing?
It can take time to and be a challenge to build up a loyal following of customers. You will need to stay informed on governmental compliance issues.
