So, you are set to do affiliate marketing and you are wondering how much can you earn from it. Here’s the gauge…
|Traffic & Product Type||0 – 1 Year||1 – 2 Years||3 – 4 Years||Monetary Risk|
|Blogging & YouTubing (Tangible Products)||$0 – $300 per month||$300 – $500 per month||$3,000 – $4,000 per month||Low|
|Blogging & YouTubing|
|$0 – $500 per month||$500 – $1,500 per month||$3,000 – $8,000 per month||Low|
|Paid Advertising||$3,000 or more||No Limit||No Limit||High|
Now, before you go all excited about paid advertising, you need to know that out of 100 people who ever tried going that route, over 95 of them will lose money.
I’ll explain why in this video:
There are many factors that influence your earning potential.
|Your Learning Ability||Niche that you choose|
|How quickly you can implement||Products you are promoting|
|Your consistency in producing content or ad||Traffic method that you use|
|Commission Rate and Profitability of the Affiliate Program|
|How well your content or ad resonates with your audiences|
One critical thing you have to note is that no one has an accurate answer for you, and no one can guarantee that you will earn money.
My Affiliate Income Proof
To show you that I am not just a “researcher”, but someone in the trench tackling a real affiliate business… I want to share with you my income proof from the early days in the business.
If you want to see a walk-through of my affiliate income where I bring you behind the scenes of my account, then watch the video. You’ll that these income proof are not taken anywhere else other than my own.
Traffic Strategy: Blogging
Affiliate product: Digital
Month 0 to 3: No Income
I started a blog in February 2014 with guidance from this course. I was all excited to get started, and I still remember that I was in the midst of changing my job.
It was a challenging period of my life because I had an active life with a girlfriend, who is now my wife, a new full-time job that I hope to excel in, I was into gaming too.
It almost seem impossible to find time to start a blog.
But I knew I had to do it because I don’t want to ever rely on a job to survive.
It was a tough 3 months because the only time I had for my blog was from 4am in the morning till I head off to work. Imagine sacrificing my “precious sleep” for 3 months without knowing if my hard work will pay off.
Month 4: First Dollar Online
Luckily it did!
On May 26, 2014, I got my first ever commission of $8!
Now, I didn’t think $8 after 3 months of hard work was something to brag about. I didn’t even dare showing my girlfriend or friends about it; they would probably say, YOU WAKE UP AT 4AM EVERYDAY FOR THIS? So, I kept it to myself. Entrepreneurship is truly a lonely journey.
But, I knew I was doing something right, and I understand that I am building a business, not working on a job. It takes time for any business to grow, and I shouldn’t be enticed by instant gratification.
So, I continued to learn something new everyday and took action with my blog.
Month 13: Hit the first $1,000 mark
A year has passed and I didn’t hit that $1,000 mark on my blog’s anniversary, but it did generate $827.
But came March 2015, I made $1,426, which is way above what I was expecting.
Never would I have imagined that I can keep up with my morning routine for so long, but it was because I am seeing real potential of this business.
The earnings from the blog is increasing month after month, although not exponentially. But, that kept my spirits high and urged me to keep going.
Blogging is a marathon, not a sprint.
Month 22: First $3,000 paycheck
Almost 2 years into my blog and I am thrilled that it has grown to this size.
I have never expected that I could earn a full-time income online. I remember the first time I transferred my affiliate income from PayPal to my Bank account and finally took it out to spend. It feels surreal.
And, from then on, my affiliate income increased month after month to the point where it doubled the income I made from my full-time job.
I finally made a decision to leave my job on August 2017, which is 3 years and 4 months working on my blog.
Affiliate Income potential for Free Traffic Methods
The 2 best free traffic methods for affiliate marketing are Blogging and YouTube because the content created has the possibility of generating an everlasting traffic source that inherently creates a passive income for you.
For example if your content is deemed high-quality by Google or YouTube for a spectrum of search queries, it will be shown to someone who searched for one of those queries.
However, to earn a good source of affiliate income from Blogging or YouTube, these are the factors that influence your income potential:
- The niche that you are in;
- How well you can lead someone to look at your affiliate offer through the content you’ve created;
- The commission rate of the affiliate program you are involved in; and
- Whether or not there is a value ladder of products
I’ve talk in detail about the criteria of a good affiliate program here.
But anyway, if you choose to go into either of the two free traffic methods I’ve talked about, you’ll experience something like this:
It will kick off slowly, and you have to put forth a ton of work without expecting anything. But, when you start seeing some small results, that’s really the beginning of something incredible.
You have to keep up the efforts and see it through. You will eventually reach your income goals with your blog or your YouTube channel.
See the table at the start of the article for the gauge of income potential.
Affiliate Income potential for Paid Traffic Methods
Now, it is really important that you know the truth about Paid Traffic.
While you can earn money relatively quickly, and you don’t have to put in the amount of effort required for free traffic methods…
There is a monetary risk, big ones, and the failure rate is extremely high!
Out of 100 people who have tried paid advertising, more than 95 of them will lose money.
People don’t only lose money on paying for traffic, they lose more money spending on training programs, because most of the time these programs cost thousands of dollars.
But, it is still necessary to educate yourself to become successful with paid advertising, but you can never find good resources that are free or at low cost.
That’s the reality of going into paid advertising for affiliate marketing. Watch the video above at about 9 minutes where I go into detail on what it takes to be successful with paid advertising.
Now, if you were to go into paid advertising, you’ll experience something like this:
You will be losing some money at first. It is inevitable.
How it works is that you will be spending a lot of money running traffic to different ads.
At first, it is all about testing, collecting data, optimizing and tweaking, until you find one ad where you pay 1 dollar in advertising, and you make more than $1 in revenue. That’s a profitable ad.
And, when you scale that ad, there is a very high chance that you will earn a lot of money in a short period of time.
But for you to find one profitable ad, it will cost you probably hundreds to a few thousand dollars.
Wrapping this up
There is a trade off in affiliate marketing, and you need to choose which is a suitable path for you.
With free traffic methods, although your start up cost is extremely low, you’ll have to put in a ton of effort upfront without expecting any results quickly.
But, with paid traffic methods, though you do not need to put in the amount of effort required for free traffic, there is a monetary risk.
Free traffic – low monetary risk; high risk for time and effort.
Paid traffic – high monetary risk; lower risk on time and effort.
Best Training Programs for Free Traffic Methods
Best Training Programs for Paid Traffic Methods
Anyway, I hope I’ve provided you with the answers you are are looking for. If you found value from this article, please help to share it…
And, if you have any questions at all, feel free to leave them in the comments section below. I’ll do my best to help you out.
Looking forward to see you succeed with affiliate marketing!
If you're looking for ways to start a profitable affiliate marketing business on Pinterest, then this is for you. According to Pinterest Newsroom, the COVID 19 pandemic has caused a significant...
So, you're looking for good ways to generate an income using your ability to speak more than one language? Then this is perfect for you! I took the time and compiled a list of 11 high paying...