When you’re just started out with affiliate marketing, without a doubt you would like to know how fast can you make money with affiliate marketing. Although you are able to make some money fast within the very first few months, I often tell people to provide it a minimum of 6 to 10 months effort in doing affiliate marketing before they could earn enough income to give up their day job.
How Long Does It Takes to Make Good Money from Affiliate Marketing?
If you’ve been following my blog for some time, you probably already know how to build an online business, putting in great content, and adding in your affiliate links to your site. If you missed that part, you can now start from here (my step-by-step guide on how to build your online business that actually makes money)
Though you most likely continue to be wondering just how long will it take to earn money with affiliate marketing.
Most sites that are doing affiliate marketing are going to see the first affiliate commissions within the first 6 months. Some sites may need up to 10 months before they could see the money coming in.
But there’s a big difference between a website which makes a couple of bucks and one that’s cashing in 4 figures or even more into your bank account every month.
Making the changeover out of a few dollars to bigger amount of money is where most of the site owner get stuck. Lots of people build sites, start making a little cash, and eventually start giving up after some times since they are unable to figure out how they can scale it.
It was unfortunately to see that most people stopped right before they discovered a considerable breakthroughs in the journey towards the $1000 a month mark.
How Long Does it Take to Reach $1000 in a Month, on Average?
Like I said earlier, many people who started their online business gave up their site halfway (thinking it as a failures) when they’re actually quite near to realizing considerable successes (like reaching the $1000 a month mark).
This largely caused by an unrealistic expectations regarding how quick a site can grow.
Among the causes for this is that there are plenty of success stories available (typically used in advertising pitches) about how individuals make massive amounts of cash in an extremely short time period after starting. Unless you are super lucky, you’re not going to make 5 figures in your first 6 months for a new site.
Statistics reflecting a relatively steady income as well as the growth of subscriber within a period of months can be quite misleading to a beginner.
Growth during the early months – as well as the initial year – is irregular and sporadic for most of sites.
In my experience from building a few online businesses, it normally takes an average 12 to 18 months to achieve it’s initially $1000 per month mark.
Once you hit that $1000 per month mark, you will regularly achieved that between the 18 and 24 months.
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At the beginning stage everything will be slow for your site. It’s normal for your site for not having much traffic and even zero income during the first few months.
Even in if you’re doing everything right, you might still find that your site is having a hard time to get sustained income as well as a good amount of traffic during this time.
This is totally a wrong time to quit. In case you’re serious in achieving success with your online business, you need to stick to the your website for minimum of 18 months before placing a judgment of failure on it.
Your site will progress and your income will start growing at a quicker rate when it reached between 6 months to 12 months. You can reach that $1000 per month mark very soon once your site start to take off.
3 of the key elements which help a website to finally “taking off” are the age of your site (the older the better), the age of every article, and also the total amount of posts – but you’ll find some other, much more nuanced elements at play too.
Can Affiliate Marketing Make You Rich
Still wondering whether can affiliate marketing make you rich? The answer is absolutely YES! Affiliate marketing can make you rich. Affiliate marketing programs are able to help you make more money on the edge and even a full time income from home.
The issue I mainly see about with affiliate marketing, is that most of the get-rich-quick programs and so-called-gurus always say that affiliate can be done quickly without or maybe little work. Many will let you know you are able to make a $1000 by clicking only a several clicks.
The point here is that affiliate marketing is similar to most of other business type. The difference is you’re not the one creating the product, you’re just promoting it to your audience.
A few are actually making a good money, some people are actually successful to meet their goal, while others are not making anything.
How Much Can You Earn as an Affiliate Marketer?
There are 2 common questions that I usually get asked:
1) “How much money can I earn from affiliate marketing?”
2) “If I quit my day job, how long can it take me to make X/day?”
Both answers rely on the competence of yours, though I realize there is an insatiable hunger for concrete figures. Thus, here is my take on the matter.
How Much Money Can You Make by Doing Affiliate Marketing?
There are 4 earning categories in this market.
- Higher Level Affiliate Marketer – Make about $3,000 above per day.
- Intermediate Affiliate Marketer – Make Between $300 – $3,000 per day.
- Low Level Affiliate Marketer – Make Between $0 – $300 per day.
- Affiliate Apprentice – Fail to make money. Losing money.
Bare in your mind that we are talking about profit right here, not revenue.
Does Affiliate Marketing Work?
Yes! Affiliate marketing works and there are many people who are just like you, are making good amount of money working on their affiliate marketing site. Affiliate marketing still work in 2020 and it’s going to work better for the next few decades as businesses worldwide has started to move into the digital world.
As an affiliate marketers, you’re paid out for referring new customers as well as clients to services, products, or other businesses, typically through tracked links posted in your blog articles, emails, web pages, or maybe social networking posts?
This relationship can be in a several forms. You might be partnering with a brand launch of a certain products and get a portion of the revenue produced by your referrals. Or, if you are working with sites like Amazon, you get a portion of whatever your follower purchase through your affiliate links.
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Affiliate marketing is a form of self employment which has minimal initial overhead and as an affiliate marketer, you do not have to create, keep records, or even ship any product on your parts.
Like every form of self-employment or maybe business model, online marketing has both disadvantages and advantages. Understanding these will enable you to determine whether affiliate marketing is a good match for your business and financial goals.
Perseverance is the crucial factor – since it requires some time to amass more website traffic to earn money from it. As soon as you begin with affiliate marketing, give yourself approximately 6 months or as much as one year, to find out if it really works for you and brings satisfactory income to help you quit your job.
Pros of Affiliate Marketing
- Multi Billion Dollar Business
Affiliate marketing is a multi billion dollar industry which is lately prospering fairly well, and this appears to be the main advantage of it. Don’t you want to get a piece of that pie?
- Low Cost Business Idea
The definitive edge of affiliate marketing would be the fact that it’s a really easy industry to get started, specifically because you will find no barriers to entry. It is simply on your decision.
All you’ve to do is creating an online marketing site (but you can also start without a site), choose a niche and finally a specific products or item (goods) which are appropriate for you to sell. You then just need to join a selected affiliate marketing program, and you are
good to start.
- No Expertise Needed (because Practice Makes Perfect)
To become an affiliate, you don’t have to become a marketing expert right away. The good thing regarding affiliate marketing is the fact that you are able to learn in the process, testing different organic or even paid campaigns.
Furthermore, you will find plenty of methods to run and manage affiliate marketing programs. Leverage any of the marketing knowledge which you’ve gained and find out what works best and brings probably the most earnings. Then replicate the whole process to achieve results.
- Low Investment Costs
At start, the costs of running the affiliate business are practically non existent, comparing to various other industries. Most of your work are done online from home where you just need a computer and internet connection to get started.
Optionally, you’ll have an extra expenses related to web hosting provider and domain name. Provided that you choose to create your own affiliate marketing site.
Overall, you’re a freelancer, so there aren’t any expenses for hiring staff, customer support or maybe inventory costs involved.
- Secondary Source of Income
Starting as an affiliate marketer does not demand you to leave your present job. You are able to do it as a part time project and find out what you are able come out with over a couple of months.
- Flexibility and Convenience
Practically, you are able to create several campaigns on various affiliate sites and landing pages to promote your affiliate links to ensure you are able to abandon the badly performing ones and enhance the successful ones.
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On the other side, you do not have to stick to only one affiliate marketing program. You can choose a couple of different products from a chosen niche and promote them on a regular basis.
This is a good way to diversify your campaigns within the same niche as each product are serving under different affiliate marketing activities. You will be able to know which one can outperform another, and you can’t easily drop the program that doesn’t work. It can save you more time and effort in the long run.
- Customer Care is None of Your Concern
Retaining customers and managing customer support for certain issues can sometimes be very problematic. Thankfully, as an affiliate, you do not have to bother about all that. It has nothing to do with you.
You just need to concerned about your affiliate commission, so whenever you get a post sale query, you simply pass such requests onto the merchant’s customer support group and they will be handling the case for you.
- The Independence
You will have the freedom to choose where you want to work from, any space or environment which is in your own comfort. You are free to move around working from anywhere as long there is an internet connection.
- Marketing Kit Right At Your Disposal
Generally, all marketing materials are supplied by vendors (for free), therefore you do not need to create some banners or maybe any promotional materials. You’re all ready.
- Passive Income – Make Money While You Sleep
The other great feature of being an affiliate marketer is definitely the general idea of making a passive income, which is the opportunity to make money while you are sleeping.
Isn’t it be great to wake up in the morning, open the laptop, and find out that your site have generated some sales while you are sleeping. This are the fruits of your efforts.
- The Sky’s The Limit
You can find a lot of ways to promote your affiliate marketing programs. You’re able to create an affiliate site add your post consistently about a certain niche, start affiliate emails or even build a PPC campaigns.
You can also utilize on social media platform to promote your affiliate marketing products.Furthermore, you’re also able to incorporate all your paid and organic marketing activities to a cross channel campaign when this fits you best.
- Very Own Business – Sole Proprietorship
As an affiliate marketer, you often work like a freelancer and need to establish the business activity. The greatest part of it will be the costs, such as mobile phones, laptops, and etc which could be claimed as tax write-offs.
- Flexible Working Schedule
As an affiliate marketer, you’re not tied to daily working schedule. You can work anytime you want. If anything unexpected pops up like, your friend’s birthday celebration or maybe family errands you are able to constantly make time for it. You can also go for a long vacation without it affecting your affiliate business.
Cons of Affiliate Marketing
- You Do not Control Affiliate Marketing Programs
Basically, you do not own affiliate marketing programs, so you can only use the existing ones. This way, you’re completely determined by your merchant’s rules and have to follow their conditions.
- You Do Not Control Your Competition
Competition varies based on the market. As there are strong advantages of joining affiliate program, many people have entered and trying their hand on affiliate marketing. Practically anyone can join affiliate marketing and achieve success.
Highly experienced and talented marketers from within the same niche create up a fierce competition, which is a clear threat to you and a major disadvantage.
Nevertheless, this should not scare you. Keep in mind that persistence and hard work can overcome threats.
- You Can’t Establish Your Own Customer Base
The truth is, when a referral is created, a repeating customer will not ever purchase from you once again.
Normally, he/she is going to do it straight with the affiliate vendor to repeat the purchase. That is the nature of affiliate business. As an affiliate marketer, you’re committed to generate brand new leads again and again. Unless you’re into an affiliate marketing programs which provide recurring commission.
- No Guarantee of Revenue
Pay-per-performance could be a huge opportunity and also a major risk. No one promises that being an affiliate marketer is going to be simple and that you could expected to make your ream income right away.
You’ve to be prepared to go through challenges and struggles which you’ll be facing before you the success comes. It is hard to estimate how much money you can make with affiliate marketing in the long run.
- Freelance Jobs Aren’t for Everyone
It requires a specific personality an discipline to feel comfortable with such a working style. In certain circumstances, it can lead to feeling blue like stagnation or loneliness.
But there are ways to overcome such mental condition. Just don’t try to isolate yourself from people at home. Find someplace outside as your working space and go there everyday.
- Quantity Approach
Affiliate advertising is often linked to spammy advertising strategies. Some affiliate marketers create misleading and spammy content everywhere and is expecting a small quick wins for their campaigns.
Beware, when you get into false marketing and black hat affiliate marketing techniques, your days are numbered. By taking this shady route, you’re going to lose your credibility, and what even worse is that you are placing your merchant’s reputation at risk.
Make Money Fast With Affiliate Marketing – Conclusion
So, when it comes to how fast can you make money with affiliate marketing, I would say that you may need a minimum of 6 – 12 months time before you can start to make money from affiliate marketing. Your success will depends on how much effort and patience that you’re going to put into your affiliate marketing business.
So, how is your blogging journey going on? Have you started to make money from affiliate marketing? Leave your comment below and kindly share this post.
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