SWOT Analysis of Internet Affiliate Marketing
Affiliate internet marketing is one of the best ways to make money on the internet. While the opportunities are endless, you can make good amount of money by very little effort. In fact, this is one of the best examples of creating sustainable passive income.
The Oxford dictionary defines affiliate as officially attach or connect to an organization which very nicely summarizes the key activities in this opportunity. In the light of this summary, I defined affiliate internet marketing as:
1. Becoming affiliated with quality web organizations,
2. Market their products and
3. Upon successful completion of the sales process, receive a commission of the sales, where the commission ranges from 40 to 80% of the nature of the products.
SWOT Analysis of Affiliate Internet Marketing
Nowadays with the massive advancement of technology, the iron curtain between a creative idea and product development has been entirely eliminated. If you are a Y generation, you are not aware of the iron curtain, but if you are either the X generation or the baby boomers, you would certainly agree with me.
With new opportunity, new products are being developed, where majority of them are e-products. The beauty of e products is, once developed; the developer can sell unlimited copies of the same product.
But the challenge still remains. If you have the best product on only your PC, no one knows about it. You do not make a sell and make no money. It’s like winking at a girl in the dark. And here comes the role of affiliate internet marketing.
I would call the major strength of this unique marketing is it allows you to utilize your full energy towards marketing only as the product developer is someone else and you enjoy the cash flow benefits of promoting/recommending good products/services.
Every coin has an opposite side, and on the other face of the coin, I could like to call upon the requirement of sufficient knowledge and reaching the critical traffic in your website marketing.
Is not the opportunity of affiliate internet marketing endless? More products are coming in and there are more credit card ready customers joining everyday. I can see an increasing trend of this for a long time. With an even increasing market and the global nature of the web market there will be always plenty of room for a new affiliate marketer or an existing affiliate internet marketer to increase his volume.
Nevertheless, doubling your income from this unique opportunity is as simple as finding a product that people are interested in buying, and then market a similar product.
While the opportunities are endless, there is a darker side of the moon as well. Although the root of the threat is lack of knowledge, it could be expanded onto the current situation of web. If you search for affiliate internet marketing on a web search engine, you may find more than one million websites offering some form of affiliate internet products or some kind of means to promote your website.
If you are not properly prepared, you may easily drown into the ocean of information overload. However, the good news you will learn not only to swim, but also to fly very soon.