Imagine your boss offering you a raise after a hard day at work. You won’t get a raise just any old time. It will be an additional $5,000 per month with the opportunity to choose your own hours and spend as much time as you like with your family. Imagine if you could earn an additional four hours per day in return for working an extra four hours.
We would all jump at the chance to do so. Unfortunately, many people are forced to work multiple jobs in order to survive in this economy. While most people wish to be able to get such a good deal from their bosses, only a small number of people will actually take that opportunity.
Asking about affiliate marketing costs can be a difficult task. In some cases, it may even be the wrong question. This is a viable business model that can scale, and the return on your investment will be proportional to what you put in. Your time and knowledge, even if you don’t have much money, can make a big difference.
Plan for Affiliate Success
To determine how much money you can spend, think like a businessperson. You should also plan out your goals over a longer time period. Many affiliate programs offer recurring payments. This means you will be compensated for as long as your referral remains a member.Let’s suppose you are an affiliate for a membership website that pays $25 per month in commissions. Your goal is to make $5,000 more monthly.
To reach this target, you will need 200 subscribers. Instead of focusing on the upfront cost, consider your subscription cost. Imagine if it were $250 to acquire a single subscriber. Services like PPC and SEO, content marketing, video marketing, and content marketing are all free. Even if they did cost $25 per month, you would have made it back in a year and had a steady stream of income. After you have recouped your initial costs, you can start making pure profit.
Cost per conversion
You don’t need to wait so long. An even more realistic figure would be around $2 per subscriber. You can easily outsource SEO and articles in your niche for as little as $400. If you are patient and spend wisely, you will reach the 200-dollar per month figure. It would still be a worthwhile investment, even if it was twice as expensive.
Your income won’t increase from zero to $5,000 overnight. You can have a continual feedback loop that allows you to invest in your business through scaling. This principle can be applied to commissions, membership sites, and any other affiliate model. You’ll be amazed at the impact it has on your mindset.
