How to Succeed at Affiliate Marketing on a Shoe String Budget
Do you know the most common reason why the vast majority of businesses fail?
The answer is they run out of capital!
That's what makes affiliate marketing such a great business model for anyone who is just starting out online. The income potential is powerful and yet it's very easy to do affiliate marketing on a shoe string budget.
Assuming you do not start buying 1,000 dollar courses every week on how to do affiliate marketing.
I'm talking about the core components you'll need to get the business up, and keep it running. It's absurdly low.
And when you compare it to the costs of other businesses like purchasing franchises, which can often cost several hundred thousand dollars, it's almost unbelievable.
For the first 6 or 7 years of my affiliate marketing career – when I was already wildly successful, but before I was teaching it to several hundred students like I do now – my monthly costs associated with running my business were under a $ 100 dollars a month.
And I was generating a multiple six figure a year net profit to boot. Show me another other business – especially any retail offline business – that can make that claim. It's impossible, in fact. The nature of offline business has built in dense costs.
Think about that. Less than $ 100 dollars a month. And for the first few years, it even less than $ 50 dollars a month.
Affiliate marketing on a shoestring budget means you only pay for what you need to get the job done and make good money. It means cutting out the excess fat that most people waste a great deal of money on that they do not need.
What are the bare bone essentials you need?
1. Hosting company – This should cost you no more than 10 bucks a month.
2. Web site domain registration and renewal – This will cost you no more than 15 dollars per year per web site and sometimes less.
That's it. Those are the bare bone essentials. See how little this costs?
Now, what may you want on top of these very inexpensive things that will greatly improve your chances of success and still be cheap?
Well, you may want:
1) An Affiliate Training Program – Some of these are highly effective, and generally cost between 30 to 50 dollars a month to get trained by super affiliates and also getting to interact with other members who are learning alongside you.
2) Traffic Generation Technique – You need to get targeted traffic to your site. Without it, no sales will happen. Some people spend a fortune on getting that traffic using pay per click. But you do not have to. Article marketing, like the one you're reading now, is free; the cost is simply your time and it works well.
3) You may also want to buy a membership to keyword research software, but many of these tools are also free, so it's not a requirement.
As you can see, even if you get some extra bells and whistles to increase your chances of success, it's still very easy to do affiliate marketing on a shoestring budget.
If you're spending more than $ 100 dollars a month to be an affiliate marketer, you may actually be buying things you do not need and are distracting yourself from the core elements that help you make sales and money.