With 4.54 billion internet users around the world in 2020, the possibilities for creating an income from home seem endless. If you’re entrepreneurial this statistic may well excite you, and even cause you to lose a little sleep at night just thinking of the awesome potential that awaits you.
Is affiliate marketing right for you? This is an important question to ask because the truth be told affiliate marketing is not everyone. For example, if you’re a person who likes to receive regular wages for the hours you’ve worked, you may find working on a commission basis a little too risky.
This is not to say that you can’t adjust to the idea of working on a commission only basis, but you may find this to be somewhat challenging, in the beginning. This was certainly the case for me. I used to love the ‘feeling’ of security that my regular wage provided, that was until I got fired, and just like that my sense of financial security was ripped away.
It’s been a grueling process to unlearn everything I new about finances and then relearn everything with an entrepreneurial mindset. In fact it’s taken me many months to see things from an entrepreneur’s stand point, but it’s been well worth.
If you’re already entrepreneurial you’re already way ahead of the pack, and may only have a small learning curve ahead. If, on the other hand, you’re like I used to be and you rely on your regular wage for financial security, your learning curve is going to be far greater.
Here’s three questions to ask yourself to see if affiliate marketing is right for you:
1) Am I prepared to work for commission only?
Being prepared to work for commission only means that there will be times when you’ll work for no pay, at least in the beginning. Typically, affiliate marketing commissions start off small and build over time.
2) Am I prepared to go back to school?
As with any new job there’s always going to be some learning involved to acquire the specific skills for that particular job, and it’s no different with affiliate marketing. Every successful affiliate marketer has gone back to school to learn the specific skills required for the industry.
3) Am I prepared to learn from my failures?
There’s not one successful affiliate marketer that has never made any mistakes of suffered some kind of failure in their affiliate marketing careers; sometimes things go wrong. For example, a particular marketing campaign fails and money is lost.
The big difference between those who quit affiliate marketing when something goes wrong and those stick with it, is that successful affiliates learn from their mistakes and failures, and end up making even more money.
These three questions are foundational to answering whether or not affiliate marketing is for you. With this in mind, I would encourage you to do a lot more research before jumping into this wonderful yet challenging industry. Click Here for an in-depth no holds barred read on affiliate marketing.
Yes there’s money to made with affiliate marketing, but it’s not for the faint hearted. There’s risk involved, there’s learning to undertake, and you must have a dogged determination to never give up!
If you can answer yes to these three simple questions, you’re already on way to becoming a successful affiliate marketer. Many have gone before you answering yes to these questions and have gone onto becoming champions in our industry, are you next?
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