Becoming an affiliate marketer is a great way to earn some extra money, but what about relying on it as your sole income source? This may seem impossible, but with the right marketing methods, persistence, and patience, it is definitely possible to support yourself and your family as an affiliate marketer.
Define What a Full Time Income is
The first thing you need to do is figure out exactly what a full time income is to you. One person’s full time income might be considerably less than what you hope to make. Sit down and budget what you want to bring in on a monthly basis, whether it is the income you need to earn what you have been earning at your other place of employment, or what you want to earn to have enough for expenses plus some extra for savings each month. This is a good place to start, because you can then divide it by how much you want to earn weekly and even per day, and better keep track so you know you are earning what you hoped.
Know the Fundamentals of Affiliate Marketing
It is absolutely possible to earn a full time living doing affiliate marketing, but you need to know the fundamentals and basics of how to become successful. This includes everything from having a strong email list and a way to get more subscribers regularly, using multiple marketing sources, and understanding about selecting a target market, having unique content, and using social media for your marketing strategies. Learning the fundamentals of affiliate marketing should be your first step to starting to earn enough for a full time income.
Learn About the Drawbacks
It wouldn’t be fair to promise that you will earn what you hope right now or ever, but that the potential is there if you work hard and make smart decisions along the way. However, you should be aware of the reality of affiliate marketing so that you have motivation to really learn everything there is to know and be able to succeed. Here are some drawbacks of earning a full time income through affiliate marketing to be aware of:
Affiliate marketing is not an easy way to earn money. If someone tells you that affiliate marketing is a quick way to get rich, stop listening to their advice and look at the realistic side of marketing. There is no guaranteed paycheck in this type of marketing; you do your best to get sales, but you can’t force them or count on them.
You will lose out on health benefits and paid time off. If you currently have a brick-and-mortar job that you want to leave to dedicate full time hours to affiliate marketing, first think about what you are giving up. All of those paid holidays, weekends off, vacation days, health insurance, and maternity leave is going to disappear.
It requires a lot of work and long hours. Be prepared for working longer hours than you ever did before if you want to do this full time. There is a lot of planning, scheduling, writing, and learning to be done.
Persistence is Key
With affiliate marketing, the potential is there, but the rest is up to you. You need to keep learning, be patient, and be persistence. You are not going to get 10,000 people on your email list on the very first day, and you will not get your first sale after your very first email (most likely). Be patient, keep working hard, and be constantly thinking of ways to revolutionize marketing, and you will get there.
Change is Natural
Many people that decide to earn money online become frustrated because methods they started with no longer exist. Unfortunately, this is just part of the internet. Technology, trends, and people’s interests are always changing, so to keep earning your full time income, you need to change with it.