One business model that is popular in the world of internet marketing or business on the internet is affiliate marketing. Affiliate marketing is a business model or method of generating income from the internet that is most popular among beginners in internet marketing.
There are 10 advantages or advantages of doing affiliate marketing compared to conventional businesses or other business models. So what are the 10 advantages of affiliate marketing?
1 No production costs – High costs for developing and making new products generally prevent many people from making their products. With affiliate marketing, production costs are not a problem because the product has been developed and proven – with merchant money.
2 Low initial costs – Compared to building a roadside shop, becoming an affiliate marketer is just a desk, an internet-connected computer and some supporting software.
3 No fees or licenses – A distributor in the real world often have to pay a license fee to be able to market a product in a limited area. The reverse affiliate program is generally free to join and the area of targeted marketing is unlimited.
4 Can sell anything – In modern and developed countries, almost all items are bought online. In developing country communities too, many items have begun to be bought online such as books, software, electronics, CDs and others. There are tens of thousands of affiliate programs that you can choose to promote.
5 Don’t need sales/selling experience – When you start affiliate marketing, you don’t need sales experience. Generally, merchants provide good marketing material that can be used on the affiliate website that we make.
6 Does not cover the cost of order processing – To process orders online, merchants need to pay merchant account fees, credit card processing fees, fees in case of fraudulent/stolen credit cards, fee refunds/order cancellations etc. Something that does not need to be borne or desired by an affiliate marketer.
7 There is no need for stock items – As an affiliate marketer, you can sell large items such as furniture, electronic goods without the need to bother with the stock of goods.
8 No need to process an order – Forget problems that can arise from collecting names, addresses, credit cards and others. The merchant handles all of that.
9 Worldwide markets – The internet is the largest market in the world. You can bring visitors to your online store from all over the world.
10 Small risks – If you do not succeed in getting income from the product you are promoting, just throw it away, replace it with another product by changing the link on your website. Just that. There are no contracts/commitments that require you to sell certain products.
Those are the 10 advantages of using affiliate marketing, which can make it easier as well as profitable for us.