Why do affiliate marketing? Imagine that all you needed to make money online was a website. You don't have to create your own products or offer a service. Sound good? Welcome to affiliate marketing. According to Statista, business spending on affiliate marketing will reach $8.2 billion in the United States by 2022.
What is affiliate marketing?
Affiliate marketing involves promoting another company's product or service in exchange for a commission on the sales you generate. Commissions are usually a percentage of the sale price, but can sometimes be a flat fee. For more information, visit this site. This is a great form of advertising for e-commerce stores because money is not exchanged until after the sale, but it works for all business models. If you have a product to sell, or if you find a product to promote, you can get into affiliate marketing. What makes this form of marketing different is that it benefits all parties involved.
Why do you do affiliate marketing?
Here are two reasons why you should consider affiliate marketing:
Low cost and low risk
Starting a business means incurring upfront costs for products, employees, equipment, rent, etc. This makes it risky and expensive. With affiliate marketing, all you need is a website. Even if it doesn't work, you've only wasted time and a little money.
Easy to scale
A typical seller only sells products from one company. As an affiliate, you can promote the products of many different companies and earn commissions on all of them.