The real question is, can I make a real income online? This is what we’re about to find out.
Before I do, allow me to share a story with you. Back in 2001, I discovered an industry called network marketing.
Network marketing is a business opportunity where you join a company and promote their products. All while recruiting others to join your team to do the same. This is called leverage and residual income. That was my first exposure to entrepreneurship.
When I first discovered network marketing, I didn’t know that it was a business. So I thought it was something you can go in, start to make any money right away.
But that was not the case for me. I struggled and failed miserably. Starting off what was pretty at all. After dabbling in the industry for a few years, I eventually found success.
Fast forward to 2005, I got involved in the real estate market and did pretty well in it. As you may know, or as you can recall, back in 2007-2008, is when the recession hit, everything crashed.
That was a pivotal time in my life. It made me realize that I had to create my own economy. Create your own economy, you will create your own income and not rely on anyone.
So I started to look into other types of businesses. I didn’t know exactly what I wanted to do. I started noticing that a lot of businesses, especially the brick and mortar businesses, started to close down, stores like Mervyn, JC Penney’s, Toys R Us. Stores were starting to close due to the emergence of Amazon.
Amazon has taken over the retail space in terms of making shopping convenient for people. Where people can go online, search for what they want to buy and buy with a click of a button.
They created a microwave society where people get what they want almost on demand.
I started to notice, with the emergence of Netflix, in the beginning, before they started the streaming services. They were renting movies through regular snail mail. Where you can go online, and you should check out the titles that you want and Netflix would then send you the DVDs through the mail.
What was smart about Netflix was that they knew that technology was the future. They decided to go away from shipping out DVDs, then take the movies that they have and put it into a database where people could watch movies on demand. It was so smart and innovative that Blockbuster movie wrote it off and thought it was a fad.
The key here is people want things on demand. People want things to happen right now. When I realized that when online businesses started to emerge, I had to take inventory of what’s happening in the marketplace. Shortly after, I got involved, with affiliate marketing it’s changed the trajectory of my life. I’ve been able to spend less time working and also make a nice income from doing so.
In this video, I answer the real question if online affiliate marketing is for real and can it work for you.
I see some people making so much money via AFF links, but for me? Nah, I don’t know what I am doing wrong! ha ha!
If you need help, you can reach out anytime. 😊
I didn’t know Blockbuster wrote the idea Netflix had off. I bet they are kicking themselves for that one.
I’m sure they think about that every day and more so with the launch of Disney +!
Nate, I love your approach and your thinking and your pro-active living. It makes me to go back and do my own inventory of the things I’ve done and how to keep on the path of my dreams.
I think a lot of people prefer to shop online these days. It provides a lot of opportunities if you do it right.
It’s the way of where the world is heading!
Your insight on this much debated and often asked topic is amazing. Truly helpful to those that “want to make the leap”
I know there are absolutely ways to make money online. I’ve found that affiliate marketing is hard, and requires tons of traffic to make it worth it.
It’s not really hard. It’s only hard because most people do it wrong. It’s not easy that’s for sure. But it is simple.
Getting traffic is easy, the challenging part that most people do not understand is making sure that the audience is congruent with the products.
For example, you cannot sell meat to someone who is a vegetarian that’s what 95% of brand new people do.
Interesting information about the possibility of making a real income online. Affiliate marketing is one more way of making money online.
It sure is!
I love your blog as sometimes I have a thought or idea but don’t think much about it and when I read your posts like this one for instance, it make me think about the possibilities. I am going to see your video to find out more about your thoughts on online marketing.
Thank you, Ash!
Affiliate marketing is tricky but can be very lucrative if you have the audience for it. Great insight here as always, Nate!
It’s not really tricky. It’s more of getting a better understanding of how the model works, but I hear what you’re saying. 😊
What I love about affiliate marketing, you partner with brands and businesses within the content of your website. If you mention a product or service, you link to that produce or service using a unique affiliate code you received when you signed up for that particular affiliate program. From there, you’ll make money any time someone buys a product or service through your link.
Yes, and not having to worry about having a warehouse or storing products. This and not having to worry about being the merchant to collect payments.
The majority of online revenue strategies aren’t that complicated. Like any business venture, your online income takes time to grow. You need to be willing to devote the time and energy required to get your idea off the ground, and you need grit to stick with it even if your journey is slow when you first start out.
Consistency and working daily on your business is the key to growth in any online business.
Quite an interesting and informative read. Everything seems to online nowadays and earning money from it seems like a good thing. Affiliate marketing is an example of that though can be quite tricky sometimes.
Thank you Lyanna!
It’s amazing how much it’s become an online world. It’s sad to see some of these stores I remember from my childhood closing down, but also exciting to see the online potential of income.