How can you make money affiliate marketing?
The amount made in affiliate marketing is based on the effort put in, experience in your niche, passion in your story. In short, you can earn any amount, nothing at all, or even lose money like any business. Affiliate marketing is a real business, it’s not something you have to pay to make money from but it will require tools like website hosting, domain names, affiliate training, and advertising.
It can easily cost you $100 to $300 a month when getting started and established in Affiliate Marketing.
No joke, this is a realistic amount to expect and is far less than the minimum $50,000 for a business franchise $20,000 average to start a restaurant, etc… Where can you get a viable business for $3,600 a year? Affiliate marketing is that business but of course the more you risk the higher your early rewards but you need complete affiliate marketing training.
Making money as an affiliate marketer is not rocket science and requires no sales skills.
You might be thinking, “How do I Make Money Affiliate Marketing” especially since it is said to be low to no skills required. Well, this is the funny part, you are basically advertising other people’s products, you send buyer traffic and they pay a percentage of the sale called a commission when the buyer makes a purchase.
This sounds easy but you will need to understand blogs and blogging (your website) and e-mail marketing. You will also need to understand how to save money advertising. The blog is vital because you don’t want to keep paying through the nose to get sales and the best converting content is not a sales page it is a review of the product. (See our Wealthy Affiliate Review)
How Much Do Affiliate Marketers Make?
Making money online has been said to be a challenge but with the training mentioned above the success, the curve can be cut to 1-2 years in business. The average offline business takes 3-4 years to turn a profit but you could make substantial money in as little as 2 years in Affiliate Programs like Amazon Associates or affiliate networks like Commission Junction.
That said the following is a poll of 117 members of STM Forum
As you can see there is money to be made in Affiliate Marketing.
Some members even reported in excess of 1 million a year, but it takes a lot of work to get to that point. Hard work and scaling up your efforts o0ver time can put you in the driver’s seat to unlimited income. This is why I love this business so much.
The learning curve is steep when you start out and because of it and the time, it takes to see success over 80% of affiliates quit. They just don’t have the patience to wait 2 years to turn a serious profit and are dismayed by early results. Over 70% of the failed affiliate marketing businesses are people who give up in 6 months or fewer. If you don’t plan to give your business at least 2 years to make your expenses back then please leave.
Good You Are Still Here Let’s Get Down To Business
You can make money in affiliate marketing but you will need to learn certain skills, these skills will take up to a year to learn and 2 years to gain traction. By gaining traction I mean seeing results. SEO or search engine optimization, for example, can take up to 2 months to rank for each term you target.
Making money will take skills in writing, but if you can tell a story you can write an article or review, it just takes practice. SEO skills are as simple as writing a short summary of your post and adding short pieces of information in simple forms on your site. The blog itself takes minutes to build. Just enter information and click create.
You will benefit from a few soft HTML skills, which is things like installing website banners on your site, also learned in minutes. No rocket science here. The hardest skills you will learn are in proper e-mail marketing and social media optimization and use. There is a difference between how you converse in social media and what you want your brand to look like in social media.
You, Need to Decide on a Niche Affiliate Site to Create.
A niche is a topic for your site and there are millions of them, a couple of examples are our 10 Sports Hobby Niche that Makes Money and our 5 Retirement Hobbies for Men That Make Money. These are simple niche ideas many of us can relate to but other niche ideas like needlepoint, crafting, Do It yourself, Health and Wellness are major Internet forces.
The secret though is to niche down and find a small piece of these broad niches to earn money from as the broader the topic the more competition from big sites you will have. Big sites like Forbes or Huffington Post are hard to outrank in Google because they are well-established with tons of well-curated content. Curated meaning interlinked or linked together related post. You will learn about this in your SEO training as an affiliate marketer.
This will be important and while you will likely create many niche sites over your years of success in affiliate marketing you will need to niche down and focus on a single interest you are passionate about in the beginning. You will need to add at least 200 articles per niche site before you can start seeing any major results but rest assures as the poll showed there are major results to be had.
The faster you work in your niche the less time before turning a profit and that is part of where love for your niche is vital. The more passion you have for your niche affiliate marketing business the more you will write. More passion in your marketing the more it will convert, and the better your work-life balance will be as you will enjoy what you do.
Wrapping up our post.
How much can you make money affiliate marketing? Again it is up to you and your work ethics, the time it takes to learn and implement strategies as you will learn from a program like the one in the boxes below. You are in charge of success or failure. You can make serious money online. You can be the next 7 figure blogger and join the 3% at the top of the food chain.