What is the Easiest and Most Profitable Business to Start Online?

What is the Easiest and Most Profitable Business to Start Online?

Most people have frequently asked me to tell them what is the easiest business they can start and make money online. This has not always been an easy question to answer and, although l have always advised people to go with their passion, l have since realised that l am not giving them the best advice. There must definitely be a type of online business that even a complete beginner can start and begin making money from it. After careful thought, l concluded that affiliate marketing is the easiest business one can start and be firing his boss in under a year if he is willing to work.

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In this article, l want to look closely at the affiliate marketing business and why it is the easiest and most profitable business that one can start online.

Affiliate marketing consists of representing merchants as a sales associate and your remuneration comes as a commission. Its as simple as that. Since the days that Amazon started its first affiliate program, almost every merchant has started one. This has given online entrepreneurs several possible income sources and a lot have profited from it.

So, why is affiliate marketing the easiest and most profitable business that you can start online?

To begin with, an affiliate marketing business does not come with the major risks that are associated with the development and launch of your own product. The failure rate on new products both online and offline is amazing. In fact, on the development of new products, there are more failures than successes with the successes being few and far between.

Not only that, new product development is a very costly and time consuming exercise. Now, most entrepreneurs do not have that kind of money for experiments whose outcome has a greater chance of failure. In fact, most entrepreneurs online start their businesses as part time operations and then develops from there.

The biggest advantage of the affiliate marketing business which in fact makes it the easiest business to start is in that you are just plugging into an already successful product or service. You don't have to worry about product development as that has already been taken care of for you by the merchant. With the product already at hand, all you have to do is to develop sales for it and you are into money.

Its as easy as that!

In fact, one could go so far as to say that unless you can create a successful affiliate marketing business, it will be pointless for you to try your hand at new product development.

The other key advantage to affiliate marketing is that the commissions are great. In the days gone by, when affiliate marketing first started, the commissions were around 5 percent per sale. That has improved drastically since then. Most merchants offer commissions that are in the region of 30 percent to 75 percent of the purchase price. The average is around 50 percent. So, you see, you can easily earn 50 percent of what you never sweated to produce in the first place. All it takes is your ability to produce sales online.

If you have made an effort to select the right affiliate program, you should be making significant sums of money in no time at all. The number one mistake most folks make is to target programs that pay $3 commission per sale. Then it takes you 333 sales to create just $1,000. If you are promoting a product that sells for $100, it will take you just 10 sales to make the same amount.

So, affiliate marketing works. Put on your thinking cap and find some innovative ways to start marketing an in demand affiliate product.