Do you wonder how much it costs to start an online business? We can talk about different ways of starting an online business and each would come with its cost. In this post, I am going to break down the cost for starting with one of the most popular business models – Affiliate Marketing.
In its simplest form, Affiliate Marketing costs $0.
How do we achieve ZERO cost?
Let me break down what you need to start a business in affiliate marketing.
First, you need a product that you want to promote and sell. This can be any product you find online. Common places to start are Amazon, eBay where you can find all kinds of products. Choose one product or products you are interested to promote and share it with your intended audience via your affiliate links.
The cost for acquiring your affiliate links to promote products is FREE. You can share these affiliate links via the following channels:
- Social Media
Among the 3 options, only the website approach may cost money in terms of domain name and web hosting. We take a look at this later. The only two options (email and social media) are basically free. For email, you can send your affiliate links to your subscriber list. As for social media such as Facebook, Twitter, Instagram, Pinterest, LinkedIn, Google Plus, Snapchat, YouTube, Vimeo, they enable you to get your message (hence product) across. It should be mentioned that caution should be exercised so as not to spam these channels with your affiliate links.
In particular, Google Plus and Pinterest do not take well to affiliate links. For Google, if it thinks you are spamming, you may get a warning or account may be banned. Now, we don’t want that. So the way is to spread your affiliate links (not too many in a day) or safer still, to share blog posts instead. When visitors are re-directed to your blog posts, they can access the affiliate links there. I find this way to be safer and also converts better since visitors can read your detailed review before making the purchase.
How Much Does It Cost to host a Website?
If you are on a bootstrapping mode, you can do this for free using Wix or WordPress. There are others but I recommend these two for their reliability and stronger user base which is helpful if you need technical support. If you want to upgrade to one of their paid plans, it is also not that expensive.
The bottomline is you can create and host a website for free. On that website, you can publish your blog posts with affiliate links.
Starting an online business can be completely FREE if you follow the steps above. It’s simple and fuss-free, anyone can do it i
I like to end by sharing an article from a mentor from Wealthy Affiliate. His online handle is boomergp08. In the article, he talks about how you can Share WA Affiliate Links on Social Media and Not Get Blocked
It is a great article with details on how you can start your affiliate marketing business for next to nothing. On top of that, there is no worry about SEO-ing your website. A refreshing must-read!
Starting an online business can be FREE. However, if you really want to succeed, you should invest in the right education which is the most important element in any entrepreneur endeavour. At Wealthy Affiliate, you will learn how to build a successful online business from scratch. Click the link below to sign up and start building your online business today.