Accepting and processing payments and managing accounting are other aspects of your affiliate marketing business that have been simplified. When coauthor Ted started, it was all about getting approved for merchant status and building payment gateways. Getting approved was tough, and merchant status was like gold because it was the only way you could accept payments.
Today it's as simple as pasting an Amazon or other affiliate company's Buy button on your website. Setting up to accept PayPal payments is also very easy. Many of the affiliate marketing companies already have PayPal Buy buttons ready for you to use.
Companies today are not like they were in my father's time. You don't work 30 years and get a defined pension benefit. Even if you have a pension, don't depend solely on it for your future. One day I got a letter in the mail from my pension. It announced my pension fund was in trouble and my pension would be cut 75 percent. And it was.
Social Security is supposed to be solvent only for another 20 or 25 years. When people give me the excuse that they don't want to start an affiliate marketing business because it's risky, I just shake my head. They are the ones exposed to risk -- the risk of not diversifying.
Now I spend five months at our home in Alaska and the rest of the year in New Jersey. I love it.
I'm not telling you to quit your job and jump in this ocean of internet wealth. I'm just suggesting you stick a toe in and test the affiliate marketing waters. If you like it, expand your efforts. You may be very surprised at the difference it makes at the end of a year.
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Another bonus? You don't have to design your marketing materials. You don't have to go through the extensive process of testing different designs to see what works best. Most companies have an extensive assortment of banners, buttons, and graphics with your affiliate link already embedded. To start making money from the affiliate product, all you have to do is copy the link containing your affiliate from the company or affiliate network's site and paste it where you want it on your web page. There are even plug-ins that make this already simple process even easier. You simply enter the product's name in the plug-in search bar and choose the options you prefer regarding how you want your affiliate ad to appear.