How Much Can You Earn with Affiliate Marketing?
Affiliate marketing remains one of the most attractive online ventures available today. The reason for this enthusiasm revolves around the fact that this industry has one of the highest returns on investment. Some affiliates make tens of thousands of dollars a month.
Projections from financial experts show that the affiliate marketing industry is set to realize close to $7B by 2020. By investing a few bucks every month, you can earn hundreds or even thousands of dollars every month. Now certainly is a good time to get into affiliate marketing.
The most interesting aspect about affiliate marketing is that there are no limits to the amount of money you can make at any given period.
Some of the well-established affiliate marketers earn millions of dollars annually without actually selling anything!
Nevertheless, despite the high expectations, you should not get ahead of yourself as far as your earning potential is concerned.
The first few months of setting up your affiliate business are very crucial. This is because the foundations that you lay during this period will determine your future earnings.
Most newbie marketers give up during the initial stages, simply because they want instant earnings. Affiliate marketing does not work that way. You have to push the right buttons, lay a strong foundation and allow your business to run its course.
Building an affiliate marketing business in the early stages, before you begin to start making money, can be done in your spare time.
What should I expect to earn as an affiliate marketer?
Affiliate marketing is a very lucrative sector. However, just like any other online venture, the earnings are not the same for every player in the industry. Your income as an affiliate marketer will depend on your level of experience and competence.
As a beginner, you should not set high expectations of making a lot of money. It would come as a surprise if you manage to make anything substantial your first weeks in affiliate marketing. It can take months for some, and it can even take years for others.
Nevertheless, the low returns should not discourage you. You should instead focus more on learning how the industry works, and laying strong foundations using your newly acquired marketing skills.
There are lots of affiliates earning between $50 and $300 per day, with more experienced and successful affiliates earning anywhere from $1,000 to $3,000 per day.
Whether you are still starting out or you are running a well-established business, accruing this amount of money per day requires dedication and hard work.
However, it should be noted that the industry is somehow volatile, and the earning potential is somewhat unpredictable; it varies depending on the number of sales. The ability to sustain your income is what makes the difference in establishing a successful business.
Do not be disheartened if you are yet to make a breakthrough. Affiliate marketing is all about systems.
Once you have gone through the steps of setting up your business, choosing your niche and building your audience, money will start streaming!
You therefore need to utilize various marketing techniques and strategies to reach this level. That is why joining a legitimate training program is often recommended, especially for new marketers.
If you are happy with your level of income, then do not misalign your expectations with your earning potential.
Most newbie marketers expect too much in returns yet they are not ready to put in the effort required to earn such high incomes. As mentioned before, your earning potential will always depend on the time and effort that you put in into your business.
Affiliate Marketing Success Stories
It is very much possible for you to become successful in affiliate marketing. In fact, some of the richest entrepreneurs made their money through affiliate marketing.
Some good examples include Jeremy Schoemaker and John Chow. These two individuals have demystified the reputation of the industry. They have shown the world that it is possible to make good returns through affiliate marketing.
Here’s their story…
Back in 2008, Jeremy reportedly earned $132,000 from a single month’s affiliate marketing campaign. His astute marketing skills propelled him to celebrity status and he is considered one of the icons of affiliate marketing. He is the founder of NextPimp and ShoeMoney and other affiliate marketing websites.
He is also a co-founder of AuctionAds, which is a revolutionary web marketing services that earn millions annually.
John Chow is famous for transforming his affiliate marketing blog from earning zero dollars to thousands of dollars per month within a span of two years.
Although two years might seem to be a very long time, patience is critical if you want to become a successful affiliate marketer. John Chow claims to work for 2 hours per day and still makes over 50,000 per month. He has released several books on affiliate marketing and runs several websites.
Is training important to earn more with Affiliate Marketing?
The impressive returns might create a misconception that affiliate marketing is a get-rich-quick scheme. Indeed, many new marketers join the bandwagon hoping to make quick money within the first few weeks, only to be hit by the reality that it requires hard work to make a dime in this industry.
Nonetheless, by undertaking professional training and laying the right foundation for your affiliate business, you too can become a successful marketer.
The most recommended training program for affiliate marketers is. Wealthy Affiliate.
This training program offers comprehensive courses and lessons that cover everything that can help you to set up a successful online business. What is more impressive is that training never stops at the Wealthy Affiliate. These training modules are updated regularly in line with current trends.
The Wealthy Affiliate program consists of an active community of newbie and experienced internet entrepreneurs, who are more than willing to help you lay a strong foundation for your business.
Something that sets this platform apart from the rest is that you can start for free and join the premium plan later (if you like what you see) once you are ready for the next level.
By becoming a premium member, you are entitled to free access to tons of lessons and customized courses. You can also message its founders, Kyle and Carson directly in case you require help for the most experienced affiliates.
How much more can you ask for? Join Wealthy Affiliate today and increase your earning potential significantly!