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Affiliate Marketing

 

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Summary: Affiliate marketing involves promoting other people’s products and earning a commission for every sale made through your referral link.

Requirements:

  • Ability to drive traffic through various channels (blog, social media, email).
  • Persuasive marketing and writing skills.
  • Understanding of affiliate networks and tracking tools.

Tools to Start:

  • Affiliate network memberships (Amazon Associates, ClickBank).
  • Website or a strong social media presence.
  • Tracking and analytics tools.

Rank: 2

Initial Investment
Low

Estimated cost to start the side hustle (e.g., buying equipment, setting up a website, initial stock).

Skill Level Required
Beginner

Level of technical or specific skills needed to start and succeed.

Time to Profit
Short-term (weeks)

Average time it takes to start earning a profit from the side hustle.

Market Saturation
Medium

Degree of competition and saturation in the market.

Flexibility
High

How flexible is the side hustle in terms of hours and commitment?

Income Potential
High

Potential earnings from the side hustle once established.

Scalability
Medium

Potential to expand and grow the side hustle into a larger business.

Risk Level
Low

Financial and personal risk involved (e.g., liability, potential for loss).

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