AFFILIATE MARKETING
The Top 5 Myths of Affiliate Marketing: Here’s The Truth | by Jamil Yousafzai | ILLUMINATION | Jun, 2023
One of the fantastic ways to make money online is through affiliate marketing.
However, this business is surrounded by many myths that can hold you back from getting started or lead to mistakes if you are already involved in it.
Don’t let these false perceptions and myths ruin your plans and business.
As an affiliate marketer, it is essential to be aware of these myths that can potentially impact your business or hinder your progress.
Without wasting any more time, let’s address these myths one by one:
Yes, without a doubt, affiliate marketing is simple and easy to get into.
However, it is a myth to believe that you can succeed as an affiliate without proven knowledge and the right strategies.
While it is possible to see some results quickly, it often requires time, effort, and consistency.
It’s important to understand that there might be setbacks and challenges along the way.
I understand why you might think that way, but it is far from the truth.
Many successful affiliates don’t even have a website and still earn hundreds of thousands of dollars through this business model.
You can create content without owning your own domain. The internet offers numerous platforms you can utilize, such as Facebook, Instagram, YouTube, TikTok, LinkedIn, Quora, and especially Medium.
If you have a platform like Medium, with approximately 226 million monthly visitors, you already have a ranked website that can attract visitors to your content.
So, don’t let the lack of a website hold you back from getting started.
Again, this is wrong—absolutely wrong.
Anyone can achieve a certain level of success in affiliate marketing with the right mindset and strategies.
After all, how did the experts become experts?
They started just like you, putting in the effort to build their name and generate substantial passive income.
Regardless of your background, you can still make money with affiliate marketing, even without a website. So let go of this myth and start your journey today.
Oh, come on, man!
While having a lot of traffic can be beneficial for making money, it is crucial to target the right audience for the offers and products you promote.
You don’t need millions of followers to get started. In fact, a small, targeted audience is more than enough to begin earning money.
As someone on Medium, this shouldn’t, at least, be an issue for you.
Consider yourself lucky to be here on this amazing platform, Medium.
Let’s move on to the next one…
Seriously? Are you one of those who think affiliate marketing isn’t a real business? This is completely wrong, my friend.
Listen up, just like any other business model, affiliate marketing requires time, planning, strategies, dedication, persistence, and goals.
There are tens of thousands of people making hundreds of thousands of dollars with affiliate marketing.
It might seem unreal if you lack the right knowledge and strategies to see results, but it is a legitimate and profitable business model.
Author: — Jamil Yousafzai
AFFILIATE MARKETING
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AFFILIATE MARKETING
Kevin O’Leary: I Got an MBA Instead of Following My Passion
Kevin O’Leary once had a photography lab in his basement.
As a teenager, he did all he could to follow his dreams of becoming a photographer. There was one issue — his father didn’t approve.
“He said you’re not good enough and you’ll starve to death,” O’Leary said in a video posted to X. “He said you should go to college and get a degree and I went on to do an MBA which ended up being a very important tool for me later.”
O’Leary has previously explained why he thinks an MBA, which can cost $231,420 on average for a top 10 program in the U.S., was worth it.
In a 2021 Facebook post, he wrote that the degree gave him “a head start” and taught him “discipline,” turning him from a 20-something with poor study habits to someone who knew how to make money, defend his ideas, and focus on his strengths.
O’Leary graduated from the University of Western Ontario in 1980, which now costs $83,250 per year for domestic students.
Photography still played a key role in his life: After graduating, the first company he started, Special Event Television, was a production company focused on sports entertainment.
Related: Kevin O’Leary Is Launching a New Agency With the Founder of Shazam
“It was my attempt to get back to the thing I loved, which was photography and production, and make money doing it,” O’Leary said in the X video. “There was that science and that art coming together in my life.”
When I first wanted to be a photographer, My dad told me I wasn’t good enough—I’d starve. So, I got an MBA and ended up building and selling a company for $4.2 billion. It all came together—business, creativity, and the drive to win. I wouldn’t change a thing. pic.twitter.com/Xv8ttJFk2V
— Kevin O’Leary aka Mr. Wonderful (@kevinolearytv) September 17, 2024
O’Leary sold the company and then used the proceeds to start SoftKey, which sold education and entertainment software, in 1986. He and his two business partners sold SoftKey to Mattel in 1999 for $4.2 billion.
Looking back, he has no regrets.
“All of that stuff made me what I am today, the good, the bad, and the ugly,” O’Leary said in the video. “And I wouldn’t change a thing.”
Related: Kevin O’Leary Says ‘Right to Disconnect’ Laws Are ‘Crazy’
AFFILIATE MARKETING
Bernie Madoff’s Niece on Her Mission to Fight Pay Inequities
In this episode of Reclaim + Advance, we’ll hear from Jess Ekstrom. Jess is the founder of Headbands of Hope and Mic Drop Workshop. She also invests in women-owned businesses, is a two-time bestselling author, a top-rated speaker, and a new mom. Jess and her companies have been featured on Today, Good Morning America, 17 magazine, Vanity Fair, Forbes, People, and more importantly, they’ve helped millions of women and girls around the world.
For years Jess Ekstrom avoided speaking about a formative event in her family life — her family getting swindled out of money by her uncle, Bernie Madoff. But on the show, she explains what spurred her to start speaking about formative challenges, and how true optimism isn’t naive.
In this episode, you’ll hear:
- How Jess turned a family scandal into fuel for her entrepreneurial journey.
- The shocking pay gap revelation that inspired Jess to champion women speakers.
- Why simplifying complex ideas is key to connecting with your audience.
- How embracing vulnerability can amplify your impact as a speaker and leader.
I’ll share a few of my favorite quotes from my conversation with Jess below:
On Authentic Expertise:
“A lot of [the] time, the thing that you teach to others is the thing that didn’t come naturally to you. It’s the thing that you had to will yourself to learn and to practice.”
The Power of Simplicity:
“I like to simplify the complex for people. We make things too complicated, whether that be entrepreneurship or speaking or writing. I like to make things feel attainable to someone.”
Embracing Struggle in Storytelling:
“No one wants to learn from someone who’s just naturally good at something. Sometimes the greatest lessons that you have to share with others come from your worst moments.”
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