How to Become an Online Entrepreneur

How to Start an Online Business for Free 

Imagine working for yourself, with no one to tell you what to do. 

You take on the projects that appeal to you most and feel proud as you watch them grow and add value to the market.  If this sounds more interesting to you than working for an employer. Then you likely have an entrepreneurial spirit. Perhaps you’ve always wanted to be your own boss, but have never started your own business due to a lack of time, money, or even ideas.  Maybe you were held back by the fear of putting your family at risk Now you can become an Online Entrepreneur with less rick. Local Business

However, it has never been as easy to become an entrepreneur as it is today.  The internet has brought down most of the entrance barriers. You can start building your business while still working at your regular job and only investing one hour of your time per day plus, you have assessed to a  massive goldmine of information to help you succeed, podcast, books, etc. to entrepreneurship.

You take on the projects that appeal to you most and feel proud as you watch them grow and add value to the market.  If this sounds more interesting to you than working for an employer. Then you likely have ab entrepreneurial spirit. Perhaps you’ve always wanted to be your own boss, but have never started your own business due to a lack of time, money, or even ideas.  Maybe you were held back by the fear of putting your family at risk

However, it has never been as easy to become an entrepreneur as it is today.  The internet has brought down most of the entrance barriers. You can start building your business while still working at your regular job and only investing one hour of your time per day plus, you have assessed to a  massive goldmine of information to help you succeed, podcast, books, etc. to entrepreneurship.

Affiliate Marketing in 2020. A Shrinking or Growing Opportunity?

affiliate marketing is the process of connecting a “customer” with a “product”, often times a product that they already know they want, or are researching.

The affiliate is the entity in between the product and customer. Nothing more complex than that. Your role as an affiliate is to inform and help  inform people, that is unchanged.

Say someone is looking for information on how to solve a problem they are having. You, as an affiliate marketer, can create content about the problem, the solution, and make a product/service recommendation that is closely relevant to (or is) the solution.

Say someone is looking to a product/service review? You, as an affiliate marketer, can provide them with insights into the very product/service, offering a comprehensive review and then either making a recommendation to purchase, or making recommendations to superior and more cost-efficient alternatives.

I could go on and on with examples, but they would all fit nicely into the ROLE of an affiliate marketer being that as a problem solver & helper.

The minute you try to make it more complex than this, is usually when you are going to go into information overload.

The Ingrained Function of Affiliate Marketing in OUR Lives

Affiliate marketing, whether we know it or not, has become an ingrained part of our day to day lives. Every search we do online, every purchase we make, all the social media services we are part of, and how we find out solutions to our problems are deeply connected to the affiliate marketing industry.

Affiliate marketers, are authorities of the various industries out there. They are authority bloggers, they are experts, and they are credible sources of information. They are YOU and this is exactly what our focus is with our education here at Wealthy Affiliate, to teach you how to become a presence and a long term brand in your industry.

To do this, you help people. You solve their problems. You interact and engage with them. You make product/service recommendations to them. Affiliate marketing is just one of the potential monetization methods on your website, but it is also one of the most lucrative. You can literally promote any product/service in the world to your audience, and get paid for it…often times at a ratio more than the net profit of the merchant (the owner of the affiliate program).

We go online to buy, there is likely an affiliate connected to that sale.

Affiliate Marketing is THE Focus of All Major Online Corporations.

You have likely read the doom and gloom on the news about retailers suffering. Many of the staple stores of our early childhood are going out of business. We have seen Sears, Toys R Us, Brookstone, Rockport, Nine West, Payless Shoe Company, Diesel, Gymboree, Claires, Forever 21 and MANY others file for bankruptcy in just the last few years in what some would deem as the retail apocalypse.

Below is a chart outlining some bankruptcies from the past few years.

CB INSIGHTS

 

But how could this be, if all of these companies had an online presence? They have online stores that you can shop at and buy their merchandise.

That is correct, but the problem is they haven’t taken the “online first” or “online-only” approach that many of the thriving retailers have taken. The successful and well-run companies have been investing a great sum of money into their online divisions, and affiliate marketing.

You don’t have to look further than Amazon, they are by far the biggest retailer in the world and they run strictly an online operation. They have been investing and have understood the power of affiliate marketing since their inception, and they continue to advance their Amazon Associates (affiliate program) technology, offering, and resources.

Love or hate the actual cookie and commission structure of Amazon, it is indisputable that a key reason they have been consistently growing their brand and revenue over the past 10 years is because of their affiliate program and investment in their online platform.

Look through the Affiliate Programs tab here at WA, you will find some really awesome affiliate opportunities and companies that are taking the “affiliate marketing first” approach to their online marketing. Companies can have 10,000’s, and in some cases, millions of marketers promoting their products/services on a performance basis. Gone are the days of relying on an in house, salaried marketing force to sell products. That simply doesn’t work and in the new 2020 world retail economy.

If you want to be a big fish, you invest in your affiliate program and you invest in your online retail platforms. According to a recent Awin Report, it was reported that the global annual investment is worth more than $13 BILLION annually now and this number is only continuing to grow. This is good news for affiliate marketers and is a business opportunity and model that will continue to become a more prominent fixture for many years to come.

You are Building a Business. Treat it like one.

OK, so now that you can relax on the idea of affiliate marketing somehow vanishing (which there is NO CHANCE of happening) you can focus on building a business. That is what you are doing, and although affiliate marketing is likely going to be one of the core revenue models that you leverage within your online business, you are establishing yourself as a brand and authority in your niche.

If you want to succeed at a high rate and establish a long term and sustainable source of income online, you are going to need to invest your time, energy and personal resources into building an actual business. There has never been a more cost-efficient time to build a business (in particular with what you have access to here within the Red Rock SEO Affiliate Premium membership), and there has never been more opportunity online.

The affiliate marketing space is going to continue to grow through 2020 and far beyond. We are going to remain on the bleeding edge of this industry and continue teaching you what works and provide you with all the tools, services, training, and support you need to create a thriving affiliate marketing business.

Treat your affiliate marketing ventures like a REAL business, and that is exactly what it will become.


So I want to hand over the floor to you now. First, have I put your mind at ease when it comes to the affiliate marketing space? Second, what excites you the most about the affiliate marketing industry in the year(s) ahead now that you have read this? And if you have any questions or personal insights into the affiliate marketing space, I would love to hear it.

I look forward to hearing your feedback and I can’t wait to see what you achieve in the affiliate marketing space in 2019, 2020 and beyond!