Is An Affiliate Marketing Business A Solution For Retirement Income
Presumably you’re reading this because you’re looking to generate an income for your retirement and you’re wondering if it’s really possible through an online business and may have heard of affiliate marketing.
We remember being in that exact same position when we were in our mid-50’s realising that retirement was on the horizon and we didn’t have much in the way of savings after losing much of our property investment portfolio in the crash of 2008.
What we did know was that we had to do something or we would be living hand to mouth on a tiny pension with the prospect of working until the end of our days.
That wasn’t what we had envisaged for our retirement.
We really didn’t know much about generating an income online at that time we discovered a whole new world of possibility.
People were searching for and purchasing online marketing training – in fact hundreds and thousands of people were searching.
Digging deeper we discovered millions of people were searching ways to make money online and many of them wanted to do this to supplement their retirement
That was exactly the position we were in
So we purchased the course and during our own training discovered that this was in fact something we now know to be affiliate marketing and specifically high ticket affiliate marketing
“As the economy is shifting, you need to have legitimate and creative sources of extra income. There are opportunities available that people have been using for years now” — Franklin Gillette
In today’s uncertain economy, having multiple streams of income has become a necessity and not an option. The safest solution is to be financially independent of your employer and be in total control over the finances and its source of earning.
That was exactly the position we were in back in 2008 and the recession was our wake up call
As we write this today we face many more uncertainties – the Russian invasion of The Ukraine and the knock on effect it’s had around the world with predicted further recessions.
Retirement savings are not going to go as far as we once thought.
Generating an additional income is no longer a nice to have but a must have
Finding the best legitimate, legal and honest way of earning money online is the hardest part and involves the most time-consuming step – we call it your due diligence. As former accountants we know this term well and we cannot stress how important this is.
If you’ve found your way to our website and reading this article you need to do your due diligence and establish if we are who we say we are and achieve the results we’ve shared on our about page
Due diligence becomes your responsibility because there are a lot of scams and unethical people inhabit the internet ready to lure you into their money making schemes. On the other side of the coin however there are good people who are who they say they are and do have genuine solutions.
During our career as online affiliate marketers we’ve seen programs come and go or change so that they are no longer something we would put our names to or stake our reputation on.
That sadly is the internet world
We hope that since you’ve visited our website and are reading this article you have realised how important it is to find the right people to work with who have done what you want to do
Today we’re going to be talking about affiliate marketing because it’s where we started and it’s one of the easiest income streams to get started with.
If however you want to look at some of the other options we wrote about that in our post Ways To Make Money Online In Retirement
What Is Affiliate Marketing
Affiliate marketing is a type of performance-based marketing in which a business rewards its affiliates (partners) for each customer or visitor brought about by the affiliate’s marketing efforts. In other words, affiliates promote the products or services of a business and earn a commission for every sale, lead or conversion they generate.
Affiliate marketing works on the principle of revenue sharing, where the business agrees to pay the affiliate a certain percentage of the revenue generated from the sale. This percentage can vary depending on the terms of the agreement, but it typically ranges from 5% to 30%.
Affiliate marketing can be beneficial for both the business and the affiliate. The business benefits from increased exposure and sales, while the affiliate benefits from earning a commission without having to create their own product or service. It’s also a low-risk way for businesses to expand their marketing efforts, as they only pay for successful results.
From the perspective of the affiliate it’s a great way to earn an income (commissions) without having to worry about creating the content, dealing with customers or delivering the products. Digital products are some of the easiest products to promote as an affiliate and where we would start as a beginner.
Is affiliate marketing a good option for someone to generate and income for their retirement?
Affiliate marketing can be a good option for someone to generate income for their retirement, but it depends on various factors such as the individual’s skills, experience, and dedication to the business. And previous experience is not necessarily needed (we knew nothing of this when we started)
Affiliate marketing requires hard work, patience, and the ability to promote products effectively. It also requires a good understanding of the niche market and the target audience all things which can be learned and which we teach those we work with.
We would say therefore with the benefit of experience that affiliate marketing can be a viable option for generating additional income for retirement.
The added benefit which attracted us was that affiliate marketing allows individuals to work from home and on their own schedule, which can be beneficial for retirees who want to work part-time or have more flexibility in their work hours and can provide a steady stream of income, as long as the individual continues to do the work and generate sales.
However, it’s important to note that affiliate marketing is not a get-rich-quick scheme, and success in this field requires time, effort, and dedication. Therefore, individuals considering affiliate marketing as a retirement income option should research the industry, understand the risks and rewards, and be prepared to invest the necessary time and resources to make it successful.
If you are brand new to the online world then an affiliate program where you can earn as you learn is probably your best bet
It’s how we got started and whilst that program is no longer available we believe an education and training affiliate program is your best bet to get started and we have several we would recommend depending on whether you live in the UK or USA (yes it does make a difference)
“I believe the concept of starting a business for retirement income will become one of the most significant trends impacting retirement in the 21st century. That means helping people find ways to turn a passion, hobby, or personal desire into extra money in their pocket.”
Robert Laura – Author of The Naked Retirement
Working on line where you are are responsible for taking action on your business every day definitely takes some getting used to so we highly recommend you start with reading a copy of our book The Mindset Shift
We wrote it and it was published on Amazon in 2013
Today it’s been updated and we have a digital version available that you can download at TheMindsetShift.com
We can then deliver you our second book The Ultimate Retirement Lifestyle where we go into more details of generating an income online and how to choose the type of business you would like to follow.
“I think there’re two ways to make money online. One way is by selling other people’s stuff, the other way is by selling your stuff.”
— Jeff Walker, Author
Thanks for reading today’s blog Is An Affiliate Marketing Business A Solution For Retirement Income and would love you to share your thoughts and feedback.
If you would like to get started with affiliate marketing and want details of the programs we refer as affiliates please just contact us
A call to discuss is just a click away
here to discuss your next steps
One size does not fit all!
Is An Affiliate Marketing Business A Solution For Retirement Income
Chris & Susan Beesley
We’re former accountants and management consultants ‘of a certain age‘ with 5 great kids, 5 grand-kids, 1 grand-dog and a little old cat called Vincent. We love skiing, the mountains and travelling the world and we’re passionate about helping others to start and build successful businesses online to generate them a full or part-time income to support their retirement lifestyle.