At every stage of life, from childhood up to adulthood, we find ourselves in situations that require critical decision making. The most critical decisions are made at adulthood and they can make or mar your future. One of such important decision is getting to decide whether to go after your dream job or set up a business. And in today’s world dominated by the internet, starting an online business is also a viable option.
Starting an online business requires grit, expertise, perseverance, and a bit of luck to succeed. So, the high probability of failure is enough to scare lots of people away from the entrepreneurial route. That’s why many people opt for a dream job. But what if you could resolve this dichotomy? What if you follow a career path and still have your online business? This post explores how you can accomplish that.
What is a Dream Job?
First off, the idea of a dream job is subjective to what you believe to be rewarding and satisfying. For some people, it’s the reward of a huge pay or the title that comes from an esteemed position. For others, a dream job is something they’re passionate about, regardless of how much they make from it. That’s why some people are living their dreams by doing volunteering work in the most remote places on the planet.
Summarily, a ‘dream job’ is a job that you’ll find the utmost satisfaction and meaning in.
Here are some of the benefits of working your dream job:
- Increased productivity. Because you’re passionate about what you do, you’re always willing to put in your best.
- A sense of accomplishment. We all seek meaning in life. A dream job makes your life meaningful as it indicates you’ve accomplished what you set out to do.
- Boost in self-esteem. When you love what you do, you’re always eager to talk about it and it boosts your confidence level.
For many people, a dream job involves working in an established organization where they offer their expertise and get rewarded. The sad reality, however, is that not many people end up getting their dream job.
The COVID-19 pandemic has further strained the economy, as many businesses shut their doors and unemployment rates skyrocketed. The implication is that for the next few months or years, the prospect of getting a dream job is even slimmer, considering many companies will be trying to recover from the impacts of the pandemic. But what if you could live your ‘dream job’ through an online business?
What’s an Online Business?
The advent of the internet has fundamentally changed the way we do work. It has created a plethora of jobs that were not in existence three decades ago. Some of these include software development, virtual assistant, affiliate marketing, digital marketing, and so much more. In a simplistic term, an online business is one that can be carried out through the internet.
To give you an idea of how an online business operates, let’s examine how affiliate marketing works.
How Affiliate Marketing Works
Affiliate marketing involves promoting the product of a company or brand. For your efforts, you get a commission from the sales of the product.
To give a concrete example, if you have a product you want to sell more, you can offer promoters financial incentives through an affiliate program.
There are three parties involved in affiliate marketing and they include
- The product creator. This is the party that creates the product. It may be a big company like iRobot that sells vacuum cleaners or it might be an individual like Kim Kardashian that sells skims (shapewear for women).
- The affiliate (also known as the publisher). This is the person that promotes the products. They convince consumers why the product is a good buy. If the consumer is interested, they purchase through that affiliate’s personalized link. That way, it is easy for the product creator to identify the affiliate responsible for that sale and pay them a pre-agreed commission.
- The consumer. No sales process is complete without the final consumers.
Benefits of Affiliate Marketing
Affiliate marketing offers lots of benefits, some of which include:
- Ability to Earn Passive Income
Let’s assume you have a blog where you promote certain affiliate products in your articles. Once anybody reads that article and clicks on your affiliate link to purchase the product, you earn some money. No stress involved.
Compared to the amount of work you need to put in, affiliate marketing is a great make to make extra money, especially if you already have a network that you can influence their buying decisions. Low-level affiliates make about $300/day, while high-level affiliates make up to $3,000/day. Pat Flynn, a well-known super affiliate marketer makes about $100,000/month from affiliate marketing
- No Location Restrictions
Irrespective of where you are on the globe, you can always run your affiliate marketing business.
- Be Your Boss
Nothing beats being your boss. You get to define the rules and get to be substantially rewarded based on your efforts.
How You Can Have a Dream Job and an Online Business with Affiliate Marketing.
At the start, I told you that this post aims to show you how you can have the best of both worlds. Yeah, it’s not a either/or scenario. You have your full-time day job and still, pursue your entrepreneurial passion. One of the best ways to accomplish that is through affiliate marketing.
As you now know, affiliate marketing offers you the ability to earn passive income, work from anywhere, and be your boss. How do you then weave affiliate marketing with your entrepreneurial passion?
Your Passion and Affiliate Marketing
Let’s say you’re passionate about helping people make sound financial decisions. Currently, you work at KPMG where you provide financial management advisory to businesses. To a great extent, you’re working your dream job because you love what you do.
Here’s how you can make an even greater impact through affiliate marketing:
With your expertise, you have a good idea of books that can help people manage their finances better. You probably know of coaching courses that can be beneficial. If you have a blog, you can then feature affiliate books and courses that can help others achieve their financial goals. That way, you get to help lots of other people. What’s even better is that you get paid for it.
Summarily, the key is to promote affiliate products and services that tie directly to what you’re passionate about. That helps you get the best of both worlds. It’s that simple!
Not only is affiliate marketing a means for you to make passive income, but it also provides you the opportunity to pursue a full-time career, while running an online business. Ultimately, you get to make a greater impact on the world doing what you love.