One of the questions I get asked most frequently is How Can I Make Money With Affiliate Marketing?
The answer depends on your level of seriousness about building a business.
This post will answer the following questions:
- Would You Like To Know The Best Product Type To Sell, Digital or Physical?
- Do You Want Less Stress While Learning How To Make Money Online?
- Would You Like To Know The Best Platform For Building An Affiliate Marketing Business?
Although this post is designed and written to be helpful, there are some things I cannot help you with.
Here’s what I CANNOT help you with:
- If you are just chasing money I cannot help you.
- Also, if you are looking for a quick fix to an immediate problem, there’s nothing I can do for you.
- If you’re an internet junkie looking for a quick fix, then I cannot help you.
- There’s nothing in this post or any of my posts that can help you.
- If you’re not prepared to put in ten times more work than you were expecting, then I cannot help you.
How Can I Make Money With Affiliate Marketing: Get Clear What You Want Out Of Your Business
My total focus is helping people build an affiliate marketing business through Wealthy Affiliate.
If you’re looking for fast money, please stop reading and go look for your quick fix.
Don’t waste your time trying to build an affiliate marketing business.
You will certainly fail.
However, for those of you still reading who are looking to build a serious business, I commend you.
The first thing you must do is establish your personal GOALS.
Short-term, intermediate, and long-term goals must be written down and reviewed on a daily basis.
The post, Why Goal Setting Is Important In Business And Finances, can help you in the area of goal setting.
It has practical suggestions that will show you how to effectively set goals and reach them.
For example, how much PROFIT you want to make in a day, a week, a month?
Also, another decision you will have to make is should you promote digital products or physical products.
If you sell physical products, your profit is what you make from your revenue minus your inventory and shipping costs.
With digital products, you basically keep 100% of the revenue because there are no inventory or shipping costs.
How Can I Make Money With Affiliate Marketing – Digital Products Or Physical Products
What are digital products?
- Digital products are content that is sold and distributed through the internet.
- Digital products are distributed in different formats such as ebooks, videos, and online courses.
- The reason they’re “digital” products is they don’t get physically shipped to customers.
- Therefore, digital products are either downloaded or streamed electronically.
- The purchaser can access their product immediately on their computer, tablet, or smartphone.
The advantages of selling Digital products are:
- Digital products are simple to make
- Digital products are easy to distribute
- Downloading content is an established, long term business model
- Digital downloads have a high-profit margin
- A desirable alternative to selling physical products
- Digital products in virtually all categories are lucrative
- Creating digital products is easy with today’s technology
- Digital products have simpler distribution methods compared to shipping physical products
How profitable are digital downloads?
According to the statistical website Statista, digital publishing is very lucrative:
- ebook publishing revenue in the US is expected to grow from 5.31 billion dollars in 2018
- digital album sales totaled 53.4 million units in 2018
- the global self-paced online learning revenue in 2018 totaled 43.84 billion dollars
Did you get that? 43.84 BILLION dollars from digital downloads in ONE YEAR.
Therefore, Selling digital products carries a distinct advantage over selling physical products.
Physical products have some advantages such as:
- It’s easier to demonstrate the value of a physical product
- The perceived quality of a physical product may be higher than digital products
However, physical products are time-consuming to manage, not to mention expensive to source and ship.
My #1 Recommendation Can Help You Build A Profitable Online Business!
Factors To Consider Selling Physical Products
Here are some factors you need to consider when selling physical products:
- You need to consider purchasing inventory yourself or having the product dropped-shipped
- Where will you warehouse the products – in your home or another location?
- If you use another location for your business, are you prepared for the additional expense?
- Stock management can be expensive and time-consuming
- You will have to plan for packaging and fulfillment of orders which can be a major cost.
- You MUST price your items correctly so you can make a profit.
- Do you have a return policy? What is your return policy? Returns can be a major cost for e-commerce.
- Will you also offer telephone and e-mail support to answer product questions and resolve problems?
As you can see from the above bullet points digital products as an affiliate carries far less risk than selling physical products.
Also, selling digital products carries far less stress and anxiety than selling physical products.
Nonetheless, there is a lot of money to be made in selling both as an affiliate.
Once you decide if you want to sell digital or physical
However, my personal choice is digital products.
The reason is I don’t like having to deal with inventory or physical products.
With drop shipping alternatives like Ali Express and Shopify, you never have to stock physical products.
Also, you will be the one responsible for customer complaints and damages, not the drop shipping company.
Customers are unaware of the fact you use a drop shipping company to fulfill their orders.
When something goes wrong, your company is the one they’re looking at to make things right.
How Much Money Can You Make From Affiliate Marketing?
Keep in mind that the revenue from affiliate marketing can be different from one day to the next.
It can be challenging to calculate what your daily earnings will be.
However, here’s something to think about:
Almost 23% of established affiliate marketers reported over $1 Million per year profit.
Over 1 million dollars profit in a year!
These are men and women who are SERIOUS and made the sacrifice necessary to get to the
There is absolutely no reason why you cannot do the same.
Moreover, let’s take the average profit of intermediate to established affiliate marketers.
That would be between $80,000 to $130,000 a year.
The profit you would make comes out to between $200/day and $340/day.
What on earth could you do with an extra $200 to $340 dollars a day?!
Imagine the jump from earning $200/day to earning $2,000 – $4,000/day and sustaining it over a whole year.
This is what separates the successful affiliate marketers from the mediocre ones.
How Long Will It Take Me Before I Can Quit My Job?
Look, I’m not a guru and have never claimed to be.
However, I am serious about is helping people find a workable system.
A system that will take them from where they are now to where they want to be in the future.
Here is the direct answer to how long will it take to make enough money before you can quit your job.
It completely depends on how bad you want to succeed in affiliate marketing.
Also, It totally depends on your effort and your focus.
You could see profit between 8 to 12 months. In many cases a lot sooner.
Similarly, what could you expect if you’re devoting 10 hours a week or more of real work on your business?
It could take 18 to 24 months to completely replace your job’s income.
The “sweet spot” where you’re making “job-killing” income is usually between 2 to 4 years of consistent work 10 or more hours a week.
Therefore, at this point, if you’re foaming at the mouth saying “Why the &#%@# does it take so @*&^$ long?” you need to stop reading this right now!
Affiliate marketing is NOT for you, my friend!
Let me continue…
If you’re only spending 5 or fewer hours a week on your business, what could you expect?
You’re looking at possibly replacing your income within 2 to 3 years, possibly longer.
Again, I cannot emphasize this enough:
The amount of work you put into your business will determine how quickly you’ll succeed.
It’s always been that way.
How Can I Make Money With Affiliate Marketing – Use Wealthy Affiliate
What I like about Wealthy Affiliate is that it teaches people how to become successful affiliate
Wealthy Affiliate has one of the most lucrative affiliate programs online.
While you are a member, you will have the opportunity to interact with the community.
Some of the most successful affiliate marketers in the world are associated with Wealthy Affiliate.
Therefore, if you are a beginner or a more advanced affiliate marketer, it doesn’t matter.
The training covers how to find affiliate programs and how to effectively convert visitors into “sales” on your website.
It will only be a matter of time before you become an expert affiliate marketer yourself.
There’s no room for excuses because everything has been structured for you.
How Can I Make Money With Affiliate Marketing – By Create Your FREE Account With Wealthy Affiliate
All you have to do is show up with your focus and determination and WORK!
Wealthy Affiliate is unique in that you can get everything you need – under “one roof” to create and grow your business online.
Training. Tools. Support. You do not have to go outside the platform to purchase some missing piece to go along with your business.
The originators of Wealthy Affiliate wanted to make sure everything necessary for you to grow your business was all under one roof.
Also, you are getting a total support system with 24/7 access.
With Wealthy Affiliate, there are no shortcuts to affiliate marketing success!
For less than a buck per day, this is by far the most comprehensive and cost-efficient platform in the industry.
In fact, once you have access to Wealthy Affiliate Premium membership, you can rely on this fact:
Wealthy Affiliate offers a completely free,
There aren’t many products or services online that have enough confidence to allow you to try it for free before you spend a dime.
That is why Wealthy Affiliate is different and always keeps a step ahead of the competition.
You don’t like what you see, leave. Never come back and you have lost nothing.
- The Pros And Cons Of Affiliate Marketing – You Need To Know
- How To Be A Successful Affiliate Marketer
How Can I Make Money With Affiliate Marketing – By Simply Making A Decision To Do It!
You be the judge and decide if Wealthy Affiliate is right for you. If you are not sure, then that’s when you really want to try it out!
Ultimately, you are the one who will ultimately decide how the next ten years of your life will be.
NOW is the time to fix the next ten years, NOT tomorrow, NOT next week or next month, but NOW, by MAKING A DECISION!
Do you know what amount you will lose by setting up your FREE account at Wealthy Affiliate?
So in conclusion, let me ask you this:
What do you have to lose?
PS: What causes many marketers in this business to be discouraged and give up?
They fail to understand that you have to put in the amount of work needed in order to gain the desired income that you want to earn.
You can’t expect to create a six-figure income from affiliate marketing in a year or less by working only 3 – 5 hours a week on your business. It will never happen!
PSS: Wealthy Affiliate hasn’t increased their prices in 12 years!
You read that correctly.
The Premium membership price at Wealthy Affiliate hasn’t increased in 12 years from time and they started back in September 2005.
Most companies have increased prices to keep up with inflation and the cost of living.
Not Wealthy Affiliate!
Personally, I think that’s a big deal. $49 per month or $359 per year.
The price is all-inclusive and includes everything you need to create, grow
SO…What are you waiting for?