How To Make Solid Income As An Affiliate

Hi there,

Thank you for the advice, and I must say many people online should work towards getting to the point where they don't have to depend on a network to make their money, but the first step is getting started. The first problem I see with many people in getting starting online is they tend to overthink what they want to do instead of just doing it.

Making money as an affiliate is about taking action. You can't want to start an online business and be afraid to take action. Taking action is the only way you'll be able to make your dreams come true.

So here's my simple breakdown of making money online through affiliate marketing.

The first thing you must do is find a converting offer. Once you've found a converting offer, the next thing is to find a traffic source to expose that offer to.

Let's take Shopify right now. There are many people currently killing it on shopify. It's turning regular people into millionaires daily. Most people use facebook to promote their stores. For you to make money with your store you have to understand the type of traffic on Facebook.

Understanding this truth is the first step to making good money online.

The first part of the equation is to find an offer. Find something people want and then find the right avenue to give it to them. Once you've found an offer that's working for other people the next thing is to find the right traffic source for the offer.

Here some of the basic traffic sources:

Paid Traffic (PPC, Social Media Ads, etc. )
Free Traffic (SEO, Youtube, Facebook page, etc.Instagram)
Social (Instagram, Twitter, etc.realy)

You have to find the traffic source that matches your offer.

This is just a simple plan to understand how to make money with affiliate marketing. I'll be real with you right now and tell you that there is nothing easy about this, but if you are willing to put in the work, then you will be able to make money.

Hope this helps.

It sounds like you are pretty much saying to diversify. Which I totally agree with.

Hi:

I agree with your observations. Multiple streams of income are great. I'd like to add a twist to that as well.

How about multiple streams of income on affiliate offers that allow you to participate in the entire sales funnel.

Example: If you find a good offer and promote it. Let's says the product sells for $9.99 as a low trip wire offer. The creator gives you 100% commission. As a new affiliate you are happy because you get to keep all the initial revenue.

Many product creators will include you on their upsell offers (OTO's) and some won't include you.

Let's say for argument sake that they don't include you beyond the initial sale. If they offer on the back end a $2500 product and make a sale of that product then they have made a big win fall.

You don't get any revenue on the high end product on the back end of the funnel where most of the revenue stream is taking place ($2500).

So in essence you have just made $9.99 while you gave the the product creator a lead and sale of $2500 for his/her investment of $9.99 in you (100% of the initial product).

It's good to get the initial sale and 100% of something is better than 100% of nothing, but it would sure be better to participate in the back end where the big ticket items are being sold.

Look around there are several products that you can promote with full funnel commissions.

Dan

Thank you warriors for replays and yes these days are very popular to create stores online and flip them for good money I have uploaded a youtube video how to create a Shopify store and make good money if anybody are interested in the video I can post link on demand.

I don't completely agree, if you stay with one site and create so many products that the income is way past a full wage, then if you only make 3k and worst, but usually make 5k on average per month, then one site is fine.

But l also agree that it is a good idea to have a backup site, so if site A, goes bankrupt you have site B, to transfer flyers, or software, etc over to.

The biggest obstacle is traffic, and some hub sites out there take care of that problem.

Hi. I'm agree with you. If you sell only one kind of product you are vulnerable for the price of the market or the economic problem of your country. If you have different product or service, you will have more work but also more security with life problem. However it dosen't work for all commercial activities. There is some case were you have to be specialized in one product or you just can have one client. Before starting a firm or else, you have to explore all option and what you can do with your economy or your partnership. I work with a lot of small computer companies and I've seen a lot of them go bankrupt for that reason. The banks did not want to give them any more loans.

The other part that I didn't really mention, is to me - affiliate marketing requires constant attention, it's not one of those things that you can "set it and forget it", you need to be constantly launching, tweaking and working on campaigns. If you don't, you may find yourself falling behind.

I've made this mistake before, I got a little too confident and started relaxing too much, it was very bad, but fortunately I was able to recover.

OP, good point on diversification

Also, you have to SCALE UP for you to make the REAL money

Here are my steps:

1. Find a profitable niche - something you are passionate as well as others.

2. Find relevant affiliate programs - can be Clickbank, Amazon and some other affiliate network

3. Sign up for those programs

4. Set up a Wordpress blog

5. Do blog commenting, forum posting and run some FB ads to get people to read and comment below your blog posts.

6. Design a landing page to entice those people to optin and buy your offers.

7. Promote your offer as well as other relevant offers through emails to your subscribers.

8. Besides that, keep your subscribers updated on your blog posts of your latest development

9. Send traffic to your squeeze page and blog .For blogs, it is usually blog commenting but for squeeze pages, I tried various free and paid methods.

10. Except for Step 4 unless you decided to go into different niche, Rinse and repeat from Step 1 all the way to 9.

Great advice!

It's important to diversify your traffic sources as well.

Cheers

I agree, multiple sources of income is extremely important, that way if anything goes wrong with one source then you have others to rely on to support you.

This is good advice. It is a pretty commonly known fact that almost every millionaire has at least seven sources of income. That way, if one source dries up, you are not financially devastated.

Well the very first step in affiliate marketing is to choose a right affiliate program that fits in your website niche. I have seen that many website owners or affiliate marketers join affiliate programs that does not relevant to their audience. After that you have to choose right affiliate product to promote.

Guys, How do you think I can utilise my Forex and trading expertise to make revenue outside of trading? I have spent the last 3/4 years learning to trade (I have been following trading on-off before that for about another 10 years from high school. So always had an in interest in the financial markets), quite often spending sleepless nights following live charts and doing countless hours of research online.

I have devised myself several strategies from all this hard work (while abandoning many others), each of which works really well. I want to give something back because I know very well how much of a struggle it can be learning to trade. The utter frustration of the enormity of it all to begin with, then finding what you think are successful methods only to find they don't work all that well when you backtest.

I already have a decent site in an altogether different niche (often paying someone who is an expert to write the content). But I feel this is the niche where I can really thrive because all the content I write will come from the heart, as I will be able to impart the knowledge I have gotten over the years. But having said that, I will be spending a lot of time coming up with fresh content. Is a site on trading worthwhile? Are there decent affiliate programs. I would imagine it could be quite lucrative for anyone with a popular site in the finance field.

-how competitive is to rank and get a following in the area of trading?
- do affiliates pay well for account sign ups?
- what other methods can I use to derive income (other than trading)?

Some of you may ask, if you are good at trading then why not make money trading, why do you need to earn affiliate income? To me, I see this as a business. Its better to have multiple sources of income. Also, trading can be quite a boring job (a good thing because it often means you've become successful) so i need to derive joy from some other avenue.

This is not going to be one of those fly-by-night thing, as I intend to spend the rest of my life teaching others trading. I have finally found meaning in life. Up till now, I have always been someone who moved from one thing to the next never managing to master a topic. I have good amount of knowledge on lot of things because I am a fervent reader of factual material (never been a fan of fiction) across a host of subjects. But trading is one area where I feel I have succeeded, and which I am really passionate about.

Great advice from both Vidas Vegas and oppyeaunome. Thanks

Find solid hi converting affiliate offers + cheap hi converting traffic = Lots of commissions =)

True, not good to put all your eggs in one basket.

I monetize 3rd party data(email) using PPL (pay per lead...lead generation) offers.

So to monetize the data to it's fullest potential, I cross-promote multiple offers on the back-end. So what you are saying is standard, as you naturally buildup offers from multiple sources / verticals.

My biggest risk when it comes to offers is that the very best that I'm currently running goes away. Which can happen from time to time.

To further diversify, I 'm going to open up my own private PPL network at some point later this year. Which I have planned to do for a long time, just never got around to it. So it's finally in the works.

Since I will have publishers, it will make sense to build out my own offers and sell the leads to end buyers. Which will diversify the business even more. This is how I originally got started in the business, but once CPA networks started popping up it typically made more sense getting offers from them or direct from advertisers.

However, this is really more my retirement plan / further development of my potential exit strategy.

Good post, diversify and put in the work, equal success

It is commonly known that most millionaires have at least seven income streams. This is to ensure they won't be financially devastated if one source dries up. The average wage earner has one, or maybe two income streams. The bottom line is, if you don't set up mu;ltiple streams of income, you're leaving yourself wide open to disaster.

Some important advice to find here! Don´t put all your eggs in the same basket.