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Why is affiliate marketing a profitable business for seniors?

Starting an affiliate marketing website for seniors might sound strange for some people.  Is there any specific affiliate marketing programs design for senior citizen? The answer is yes. 

Many of us who are born in the babyboomer era is now reaching our peak in life.  Most of us have experienced the internet, the change in how we communicate, and many more.

Is it too late then to start new adventures when you are 50 + of age?

Well, think again…

If you think that you have to be young to start a business, you might be a little bit exaggerated.  Two MIT professors and the Census Bureau recently conducted a study that supports the idea that middle age truly is the perfect time to start a business.

The study finding in Nutshell

The researchers created a list of 2.7 million founders with at least one hiring over 7 years (between 2007 and 2014). They discovered that the average age of a company founder in this dataset was 41.9 years.

More surprising is when they narrowed it down to just the fastest growing tech companies. In this subgroup, the average age of a company founder was 45 years at the founding time. Some of the notable stats from the study include:

  • A startup founder who is 40 years old is 2.1 times more likely to start a successful company than a 25-year-old founder.
  • A startup founder who is 50 years old is 2.8 times more likely to start a successful company than a 25-year-old founder.
  • A startup founder who is 60 years old is 3 times as likely to start a successful company as a 30-year-old founder. They are also 1.7 times more likely to start a company that makes the top 0.1 percent.

These exciting findings do well to help dispel the long-held view that you have to be young to found a successful startup.

There are compelling reasons why many people of the younger generations have a higher chance of entrepreneurial success.

Younger folks are great at keeping up with new trends (tech that can meet demands/satisfy needs).

They are also more energetic (fit/healthy) and can dedicate time to business since they aren’t tied down with families or mortgages.

However, there are equally, or more compelling reasons as to the above findings indicate the opposite.

Why you likely to succeed as a seniors entrepreneur in online affiliate marketing.

1. Broader Frame Of Reference/Experience

The older you are, the more professional and life experience you will have gained. It means that you have outstanding points of reference to draw from when making critical decisions.

All those years of (sometimes painful) lessons you have learned can come in handy when recognizing opportunities, identifying tasks, and tackling challenges. You can use this experience to your advantage in the business world.

2. You Are More Financially Secure

While this may not always be the case, as a 40-year-old plus entrepreneur, you are more likely to have financial cushions or save some money.

At the very least, you are more likely to have developed good financial habits.

Hopefully, you will have something to fall back on when the times are hard as your business is in its early growth stages.

Younger entrepreneurs usually lack this financial cushioning.

3. Better Understanding Of Strengths And Weaknesses

You’re likely to have worked in different positions in your middle ages and had diverse responsibilities over the years.

You’ve had the chance to assess and discover what your good at and what you aren’t.

As a new business owner, this can be a decisive advantage.

You can determine what you should do yourself and what you should outsource or delegate.

Other reasons include a better and broader network, greater confidence, and an increased desire to pursue your passion.

4 easy steps to start your affiliate marketing business today

You may be thinking to yourself right now, how to start affiliate marketing website right now.

These are 4 easy steps or guidelines how you can start your affiliate business right away. 

Step #1 - Find the thing you are interested in the most.

First, you need to find the thing you are interested in the most. If you like fitness, insurance, or medicines, you can choose from a hundred of options on your list.

What’s nice about affiliate marketing is that it allows you to choose what you want to promote.

You are not restricted to advertising something that you are not passionate about. 

What is a niche?

What is the best way to come up with lucrative, evergreen niches?

Coming up with niche ideas isn’t nearly as difficult as it is made out to be and in this live event we are going to be offering you an in depth approach to niche revelation and analysis.

Jay, from the magistudio explain on how to coming up with niche ideas.

Step #2 - Establish your website

Building your very own website is essential in the process too.

Your website is the place where you will perform your job to market others’ products and services.

Without a website, it’s challenging for you to make sales because most seniors use Google and read on websites rather than going anywhere else on the internet. 

Four steps Formulas

Building a highly successful business online isn’t rocket science, but most people go about it completely wrong. In the video below, Kyle, the co-founder of Wealthy Affiliate going to blow away the idea of “business is complex” and show you how simplicity in the process will actually lead to much more success.

Step #3 - Drive traffic on your website.

Next, attracting people to your site is a must. You need an audience to promote your products and services.

Without visitors, your affiliate marketing business will be wasted.

This is why as early as now; you should have decided which market you want to target. 

The art of finding right keywords

Perhaps you have heard it millions of time, Keywords…

Keywords is a term that captures the essence of the topic of a document. It can be any terms that exist within your document.

So, every time we want to write an article in our blog post, we always use Jaaxy, the keywords research tool. We rely on Jaaxy because it is easy to use, fast, and the data is accurate.

Not only that, you can use Jaaxy to help find high traffic keyword with low competition. So that your reader can find your article, but also drive traffic to your site.

Read How Jaaxy, the keyword research tool, helps our visitor find our website.

Step #4 - Generate income through affiliate marketing.

Your income will come from affiliate marketing itself.

After establishing your website and attracting people to your website, the last thing you need to do is to integrate your affiliate links into your site.

Make sure to attach them to meaty and creative content so you can convert more sales.

Business Opportunity For Senior That You Can Not Ignore

Many aspects make affiliate marketing a great home business model for seniors.

It is one of the fastest business models; you can be up and running quickly and grow your site at your own pace.

Affiliate marketing  is also simple, safe, and expandable.

The affiliate marketing blends perfectly with a blog, YouTube channel, or online coach/tutoring business.

Some of the benefits of affiliate marketing include:

  • Low overhead costs – No need for on-site help, payment processing, and delivery systems.
  • No need to have your own physical products/stocks/inventories.
  • Flexibility – Say goodbye to timelines. You are able to work anytime and at your convenience.
  • Offers great potential for supplemental financial inflow. It is one of the top opportunities to make money online from home.

If you do not change direction, you may end up where you are heading.

Yes, most probably you have read Lau Tzu famous quote.  But what stopping people to change their direction eventhough they know that:

  • They can not keep their lifestyle when they enter retirement.
  • The income will not be the same – in most cases 30% less that what they used to received.
  • Or even worst that they have to move from the house, since their home is belong to the company, etc.

If you’re passionate about starting up a business, like many people are, you probably find that fear keeps you from pursuing that dream.

You most definitely are not alone in that aspect.

According to an article in USA Today, nearly 1/3 of Americans claim that the idea of starting their own business is just as frightening as the idea of skydiving.

How we can harness those fears and make them work for us, rather than against us!

Read our article on how do we, as seniors, use fear as motivation to start a business.

Start your money-making journey with Wealthy Affiliate

Wealthy Affiliate is online business platform for someone like you who want to start their online business.

The all-inclusive platform – Hosting, Domain Registration, WordPress, SEO tool, training, certification will help you to make money online through affiliate marketing website.

And it is only $ 49 per month, (Discount for first month, or if you choose yearly subscription) you will have access to all above mentioned features, and online class.

And, you will also have access to community site where over 1 000 000 million online entrepreneurs sharing their success, tips, ideas on how to success in online business.

Conclusion

You can start an affiliate marketing website as much as younger generations can.

To start affiliate marketing even for seniors citizens is easy and simple if you are committed and focus.

These are the key points that you should take into consideration to success:

  1. Know your end game and plan accordingly.
  2. Do not hesitate to learn and find out more about the business.
  3. Reach out, and be in the community that understand your business, and willing to help.
  4. Do not forget that you are not young anymore, take care of your health, and enjoy the process.

Hopefully you enjoy the article!  Do not forget to leave your comment, or reach out to us if you need assistance.

We highly recommended that you participate in 7 days free online training – How to transform ideas into profits. It is free!  You can read about the free online course here >>

Talk to you soon…

Kalle & Marie

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