Newbie with $500 to spend on getting started. Need Help.

13 replies
I am really wanting to get into affiliate marketing, so I am going to take $500 out of my income tax return this year to get started. I know I need some good step by step training, webhosting, domain and autoresponder. What else should I invest in to get started? such as plug-ins, programs, ect.
#$500 #newbie #spend #started
  • Profile picture of the author entrepreneurjay
    You have the basics covered just some good on the job training and soak in as much knowledge as you can like a sponge.

    The more you learn the more you earn is very true
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  • Profile picture of the author andybeveridge
    As above you have the right things in place. Now just take some time to find an area to work in. Hopefully something that already interests you.
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    • Profile picture of the author AngieChamb
      Can anyone recommend a good step by step training course?
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      • Profile picture of the author tob78
        Do you've a plan?
        Which business/genre?
        Which Products do you wanna promote on your site?

        I've never seen a good or fast a clear step by step way. Take your time, learn and build some sort of reputation in your market. You'll get experience, reputation over time when you don't quit.
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        • Profile picture of the author AngieChamb
          I am really into modern interior design, so I was thinking something in the line of modern furniture / interior design website. I know this is a very broad niche though. Lots of competition.
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          • Profile picture of the author koreancowboy
            Originally Posted by AngieChamb View Post

            I am really into modern interior design, so I was thinking something in the line of modern furniture / interior design website. I know this is a very broad niche though. Lots of competition.
            Would you be giving advice, or like a "how-to" site?

            This would CRUSH IT on Pinterest, FYI.
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            I provide consulting for companies that use Adobe AEM...you can check out what I've done so far.

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            • Profile picture of the author AngieChamb
              I could do either, whichever works best.
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      • Profile picture of the author AngieChamb
        Originally Posted by Pierre Ader View Post

        hey friend
        I recommend to you a membership called Chris Farrell membership. It s a very clear videos training. You can start with and try it for 7 days for only 4.95 $.
        Chris Farrell Membership - "Online Success - Made Simple..."
        I will check this out thanks!
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      • Profile picture of the author Mikhail Hunter
        Originally Posted by Pierre Ader View Post

        hey friend
        I recommend to you a membership called Chris Farrell membership. It s a very clear videos training. You can start with and try it for 7 days for only 4.95 $...
        It's against forum rules post affiliate links just saying...
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  • Profile picture of the author Brad Davidson
    There are a lot of strategies and tactics that you can learn about but I think the most important thing is to try and pick a niche that you have an interest in.

    There are thousands of niches, some more profitable than others, but if there are affiliate products to sell then there are most likely buyers in that market. If you just focus on one market and work with it until you understand which strategies work it will make it a lot easier (and a lot more fun if it is at least something that you enjoy selling).

    I have tried tons of different markets over the last 7 years but the ones that I did the best in were the niches where I could easily write articles on the topic and understood who the customer were and what they liked to buy.
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  • Profile picture of the author Steve B
    Originally Posted by AngieChamb View Post

    I am going to take $500 out of my income tax return this year to get started. What should I invest in to get started?
    Angie,

    You remind me of an old routine that Bill Cosby did. He had just graduated from judo school and couldn't wait to get in a brawl so he could try out his newly learned fighting skills.

    Anyway, he decided to speed up his chance at a fight so he walked down a dimly lit alley late at night in the seedy part of town with hundred dollar bills hanging out of his pockets in plain sight.

    The point is, with your publicly announced willingness to spend money and your lack of experience in the field, you will no doubt have salesman after salesman coming out of the woodwork to suggest ways to part with your cash.

    I would suggest a different approach. Spend time on this forum, watch, listen, observe, get a good idea of the niche you want to enter and the way you are going to monetize your business. Affiliate marketing is a huge field with lots of different approaches and tactics.

    Once you have done your market research and are pretty confident about what you are going to do and how you will execute your plan . . . then is the time to spend a little money on getting exactly what you need to make the plan happen.

    I always advise new business operators to conserve their cash as much as is humanly possible in the beginning.

    I wish you the very best,

    Steve
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  • Profile picture of the author dmarc
    Do as much reading and learning as you can. There is a TON of good information on this forum and elsewhere, available for free. There are also some well regarded coaching services that are worth the investment.

    Then, develop a specific plan. Doing things "scattershot," or trying every shiny new WSO may earn you a little, but it not a smart or sustainable way to go. Develop a well thought out plan that you can follow, and then... here's the most important part... stick to it! A lack of follow through is probably the #1 reason for failure.

    Now, when I say "stick to it," I should clarify. You definitely do want to tweak and adjust your plan and methods based on your results. Tracking, testing, and tweaking is the best (only?) way to know what works and to improve your results. Sticking to your plan does NOT mean blindly pushing forward. However, you don't want to get distracted by every new WSO. Stick to your plan, but certainly adjust it based on your results, and based on all you will inevitably learn while implementing it.

    Lastly, I would say make sure you've got a good grasp of time management. It is far too easy to waste time in IM. Your time is valuable, so you definitely want to make the most of it.
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  • Profile picture of the author Mikhail Hunter
    Originally Posted by AngieChamb View Post

    I am really wanting to get into affiliate marketing, so I am going to take $500 out of my income tax return this year to get started. I know I need some good step by step training, webhosting, domain and autoresponder. What else should I invest in to get started? such as plug-ins, programs, ect.
    Make a simple Business Plan.
    In it you should outline your target audience, and how you plan to get them in front of your offer and convert sales. There are sites out there that will teach how to write a decent one. Simplify your plan into a check list and aim to complete it. Without a plan you'll waste time and money.

    Research
    Get the information you need to create your plan, and the knowledge to carry it out.

    Review
    Review the result of taking action on your plan, and make improvements.
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