This is a very realistic article about Affiliate Marketing which is one of the best 5 online business to start in 2020. Most of this online business doesn’t require any huge capital and be done from wherever you are, all you need is an internet connection and a device (smartphone or laptop).

 

The flexibility of online business and given room for a young millionaire who created app and sold to big companies for a massive paycheck and this has been a cycle for years with a lot of young getting into online business which has become their main source of income.

 

Gone are the days where you needed a large sum of money to start a business or needed to get proper clearance documents from the government, but with an online business, you don’t need any of that. All you need to get started is an Idea.

 

The Best 5 Online Business to Start in 2020

1. Affiliate Marketing
2. YouTube
3. Freelancing
4. Offer your services online
5. Create something and sell

 

1.     Affiliate Marketing

Affiliate Marketing is very powerful and is also very easy to do. Simply, look for a product or service that has both free and premium plans then you recommend the premium plan to people and when they purchase said premium plan using your affiliate link, you earn a commission on that sale.

 

Your commission is determined by the company you’re working for. Service with a high commission rate will generally attract more affiliates recommending that products. Why Affiliate Marketing is so powerful is because of the following reasons.

 

1. You are not restricted to only one company or product. You can recommend so many products as possible, for maximum income.
2. Your links, sales copy, video work for you. Even when you’re sleeping, you’re making sales and earning commission which is why most people that talk about passive income always mention affiliate marketing.
3. Affiliate Marketing is easy to start and set up, anybody can do it.
4. It is a very scalable business. You can blow up your sales if you can get in front of your target audience, that means those people you know need the products or service you’re recommending and you can find your target audience by researching to find out where they hang out online. Do they hang out on Facebook, Twitter, Reddit or YouTube? After identifying who your target audience is and where they hang out on the internet, you can run paid adverts on those platforms to get in their faces and increase more sales.

 

Let’s talk about some cons of Affiliate Marketing because everything in life has both good and bad sides.

1. Affiliate Marketing isn’t a get rich fast scheme and sometimes it takes months before you can get your first sale.
2. It takes patience and a lot of research on the products or services you want to recommend to know if the competition is high and if people need the product or service.

 

Conclusion

Affiliate Marketing, when done right with a lot of patience, can lead to a true passive stream of come where you do the work once and earn money in multiples for months and years to come.