While it’s theoretically possible to make $1 million a month with affiliate marketing.
It’s important you approach your affiliate marketing business or activities with realistic expectations and a long-term perspective.
In any online business and especially with affiliate marketing.
Success often takes time, hard work, experimentation, and a commitment to refining your marketing strategies based on performance analytics.
Table of Contents
What Is Affiliate Marketing?
Affiliate marketing is one of the best and most popular ways to make money online.
In a nutshell, affiliate marketing is simply referring people to products or services created by another individual and they pay you a commission for helping them sell their products through your marketing effort.
PS. To learn more about affiliate marketing and how it works. Click here to read the full article.
Can You Make $1 A Month With Affiliate Marketing?
To put it simply – yes, you can make $1 million a month with affiliate marketing but it takes time, dedication, consistency, and a lot of hard work, and it can be challenging in the beginning.
However, if you’re willing to put in the necessary work and stay focused, you can make a million dollars through your affiliate marketing business or venture.
What Does It Take To Make 1 Million Dollars From Affiliate Marketing?
Remember, success in affiliate marketing often grows gradually over time rather than achieving such a substantial income quickly.
That being said, achieving such significant earnings within a month requires strategic planning, dedication, and a well-established online presence.
And mostly there are various factors that contribute to earning a million dollars through affiliate marketing, including:
- The Demand Of Your Niche
- Product Quality
- Target Audience
- Marketing Strategies
- And Competition
I recommend you pick a niche you’re interested in and have knowledge about and focus on providing value to your audience establishing strong relationships with them.
And implementing effective marketing campaigns.
Steps To Make $1 Million A Month With Affiliate Marketing
First and foremost, I think one of the best and most important steps anybody can take toward becoming a millionaire through affiliate marketing is to first work on your mindset.
Thus, believing that you’re capable of making millions online and that you deserve it in your life and just take massive action toward it.
Step #1: Have A Millionaire Mindset
In my opinion, I believe anyone can make a million dollars online as long as they have a millionaire mindset.
So, what is the millionaire mindset…?
“It’s when you have a belief and develop a mindset that you can make a million dollars online.
This mindset helps you to push through tough times and become a millionaire no matter the challenges you face.
This mindset also forces you to take massive action toward your goals and vision of what you believe is possible.
It allows you to commit to learning, researching, and implementing what you learn into your business to achieve your desired goal as soon as possible.
Step #2: Find An Evergreen Niche
Finding a niche that people are eagerly and constantly looking for a product to buy year after year is the secret to every business’s success, especially in affiliate marketing.
Finding an evergreen niche and supplying the niche with high-demand products or services is the strategy every top affiliate leverages to become rich.
By the way, what are Evergreen Niches? “Evergreen niches are niches where products are in constant or high demand. People are constantly looking for products to buy in these niches year after year and never get tired of them”
Examples of evergreen niches are:
- Health (Weight management, health & fitness, mental health, etc)
- Wealth (Money, investment, business, etc.
- Relationship (Marriage, dating, etc)
Though there are other profitable niches out there, these three niches are considered to be the best.
If the niche you’re passionate about doesn’t fall under these three niches, I have another post where I share with you some of the profitable niches in affiliate marketing… You can check it out here.
Step #3: Have Good Knowledge About Your Niche
I wish I had known this when I first got started. Having knowledge about a field, topic, or industry you want to build your business around is extremely important and helpful especially if you want that business to be successful.
Knowledge, on the other hand – helps you or makes you aware of what works and what doesn’t work in the niche you’re in. Which thereby helps you to only focus on the right things that will get you to success.
Focusing on the right thing with massive action is what will lead you to the success you want.
On the other hand – understanding the topic, of affiliate marketing (what is it about, how it works, pros and cons, and do’s and don’t, etc.) is the key to success in this field.
“The main reason why 95% of affiliate marketers fail to make money online is that they don’t understand the whole concept of how affiliate marketing actually works and how to approach it to achieve success”.
So, my advice to you is that, if you’re already or before you jump into this industry, take time to learn more about it before taking any further steps.
Where Can I Learn Affiliate Marketing? “There are many ways to learn affiliate marketing. You can pay someone to teach you or you can find a blog or YouTube channel about affiliate marketing and follow and learn for FREE. Whichever way you prefer is up to you, but I would advise you to be careful who you learn from.
There are a lot of wrongs or bad information out there on affiliate marketing that can lead you to the wrong path”.
Here Are Some Of My Best Places To Learn Affiliate Marketing For Free:
- Smart Passive Income
- Charles Ngo
- Finch Sells
- Freedom Influencer
- Shout Me Loud
- Affilorama
P.S. I wrote another post where I share with you how to learn affiliate marketing the right way. Check it out here!
Step #4: Find And Promote High In Demand Products
Promoting a product that the market is actually in need of is like finding a cure to a disease that people have been suffering from for many years.
If you can connect or provide a solution to the problem that the people need help with, you’re actually in business.
You can absolutely and easily become a millionaire over time if you provide that solution nicely and professionally.
How do I know if a product is in high demand? “Well, I think the best way to go about that is to run a little research to see what type of questions people are asking or typing into search engines, forums, and social media and try to put yourself into their shoes to understand their pain, feeling, and challenges (stern).
Then after that, go and find a quality, suitable product ‘YOU’ think will help solve those pains and challenges and promote it to your niche market”.
IMPORTANT: Before you promote the product to your audience, you should first use it yourself. That way you’ll have much knowledge about whether it’s a good fit for your audience or not.
- If You Don’t Have Any Product Yet… You Can Check My Resource Page For My #1 Recommended Program. This Program Offers High Ticket Products, Meaning No More Small commissions. They Have A Team That Does All The Selling For You. Also, They Offer One-On-One Coaching That Work Directly With You.
Step #5: Pick A Traffic Source
Traffic is simply a group of people in a particular platform who need or are interested in a product or service you offer.
In any online business, traffic is extremely important. It’s the secret to any online business’s success.
Meaning without it you won’t generate revenue in your business.
People who drive tons of quality and targeted traffic in their business have a higher chance of making a lot of cash.
So, regardless of whatever you’re doing in your business, one of the major things I’ll recommend you focus on apart from content is traffic.
That said…
There are two main types of traffic, organic traffic which is free, and paid traffic:
Free Traffic Strategy:
This is traffic that comes from search engines such as Google, YouTube, Bing, and Yahoo. Free organic traffic is by far one of the best traffic because search engines will continue to send traffic to your site or blog for years to come without you investing any money.
When running free organic traffic, one of the best strategies to get tons of traffic to your site is through SEO, thus (search engine optimization).
Though SEO takes a long time, it’s definitely worth it. Once your content starts to rank on search engines, you’ll continue to get traffic for years to come.
Paid Traffic Strategy:
This is where you pay money to send, drive, or attract visitors to your site or blog using ad networks such as Facebook ads, and YouTube ads. Google Adword, or any form of the PPC networks out there.
The benefit of paid ads: One of the benefits of running paid advertisements is that you get instant results.
But the downside of it all is that you’re likely to lose tons of money if you don’t know how to do it correctly.
Also, there’s no guarantee that you’ll get a return on your investment.
Other Traffic Source
- Referral traffic – Traffic that comes to your site directly from another website
- Direct traffic – Traffic from someone types your site URL into a search browser
Do I Need A Website To Start Affiliate Marketing?
“To be honest with you, you don’t necessarily need a website or a blog to make money with affiliate marketing. However, if you plan on running affiliate marketing as a real business and making a serious income from it in the long run then you need to have your own personal blog”.
There are many benefits of having your own website or blog:
- Most of the top affiliate networks (e.g., Amazon) will not approve you If you don’t have your own website.
- A website helps build some sort of authority, trust, and expertise in the eyes of your audience.
- It helps you build an online presence.
- A website is the most valuable asset in your business that you can sell anytime you want and make a decent income from as long as it gets good traffic.
Don’t be too lazy to learn how to build your own website. To build your own website or blog check out this post on how to start a successful blog that earns money.
However, if you still feel like doing affiliate marketing without a website, you can check out this article here.
Step #6: Find A Mentor To Learn From
To be honest with you, earning a million dollars online with affiliate marketing is not easy especially if you’re just a beginner with no in-depth knowledge about the topic.
Most of the so-called ‘gurus’ you see in front of fancy cars, big mansions, and social media. 90% of them are not millionaires.
They’re just ordinary people trying to deceive you and me just to make money from us by selling their fake courses to us.
What most of them do is…
They promise if you follow their method you can make this and that amount of money without having to do anything.
For some, they said they can show you how to set up a website that will earn you money in a month without you having to do anything.
Please, don’t fall for those lies.
The funny thing is that – most of their courses are outdated material and you can find tons of that information for free on YouTube.
Following those courses ain’t gonna take you anywhere.
So, what do I have to do…? Great question!
Here is my requirement: If you’re just starting out I’ll recommend you find a mentor or someone who has already done it successfully.
Someone who has already achieved what you want and learn exactly from them.
What about investing in a premium course?
As I said, not all courses are legit. But that does not mean there are no good ones.
There is a handful of them, but, before you invest in any course take time to do thorough research about it.
Step #7: Produce High-Quality Content
Online content is said to be KING. And that’s absolutely true. It’s through content that people will see what you’re promoting and eventually click on your link and make a purchase decision.
You can’t become the millionaire you dream of without first doing the work.
And online, that work is creating helpful, valuable, relevant, and high-quality information that helps solve problems and pain another individual is facing.
Step #8: Build An Email List
Statistics show that there are over 3.9 billion daily email users across the globe and by 2023 that number is expected to reach 4.3 billion.
More than 80% of internet marketers identify email marketing as their number-one source of making money in their business.
So, what is email marketing? “Email marketing is a process of sending or communicating a message to a group of people or potential customers in order to build trust and relationship with them for the purposes of advertising a product to them in return (Stern)”.
“In other words, email marketing is one of the most effective forms of online marketing channels used to market or promote products or services and valuable information to a list of clients”.
The benefit of email marketing:
- Email marketing is one of the most effective ways to reach your customer in real time with just a click of a button.
- Emails help you drive more traffic back to your content.
- It allows you to remarket or do repeated sales with the same customer over and over again.
One of the most common mistakes I see a lot of people make, especially the beginning affiliate, is that.
They send people from their content directly to a raw affiliate link without first capturing the visitor’s email address.
Well, allow me to offer you some well-earned advice…
If you’re not building an email list. Guess what? You’re leaving huge money on the table.
The money you want to make it’s in the list. So, get serious about building your own email list and see what happens. The earlier you start the better.
How To Build An Email List:
1. Sign up for an email service eg GetResponse (my favorite)
The first step is to sign up with email software. There are tons of email service providers out there. Find the one you like and join. (My favorite one is GetResponse).
2. Create a lead magnet
In order for people to give you their email addresses, you need to give them something of value for free in exchange for their email addresses.
This freebie can be in the form of an ebook, training, cheat sheet, etc.
Not to waste time, create a simple ebook with valuable information that will help people in one way or the other and give it away for free.
3. Create a lead capture page/ Landing page
Since our main goal is to get people’s email addresses and eventually sell or remarket our product to them.
You need to create a page or form and link your freebie to it. So that they can fill out their email addresses before they can get access to the freebie.
And as they opt-in their email. It’s then stored on your list.
IMPORTANT: “KEEP YOUR LEAD CAPTURE PAGE SIMPLE, INTERESTING, AND ENGAGING, so that you can easily get people to sign in to their email addresses.
The capture page or form should have a bolded title and the introduction of what you’re going to give them. Name and email field or only email field”.
Great, now that they are on your list, you need to follow up with your list with a series of helpful emails using an Autoresponder to build the know, like, and trust factor with them.
Here is a perfect example of a good landing page:
4. Autoresponder
“An autoresponder is an email marketing service that is used to automate a series of emails that would be sent to ideal customers after they sign up.
These emails are pre-written and are sent depending on the time frame they have been set to”.
Online TRUST is extremely important. Following up with your list through the use of autoresponders can help you build strong trust and relationships with your list over time.
What is the best email autoresponder software?
“There are some really good autoresponder software out there such as Aweber, LeadPage, Convertkit, etc. I think among all of these the best autoresponder software is GetResponse because it has all the features of running successful email marketing”.
GetResponse has all the features of an autoresponder that work perfectly fine:
- Automated Email Sequence – (A series of emails sent out after a prospect is added to your list).
- Special Emails Date – (You can set automated email to be sent on a particular date and time).
- Global Views – (You can see the country, city, and town where your subscribers live and the time they view your email).
- Triggered Emails – (You can set your email to be sent once a prospect performs a certain action, e.g. uncompleted cart, purchase, registration, and so on).
And the most compelling and exciting thing is that you’ll get all these features in the basic plan. There’s no need to upgrade to a higher plan.
What autoresponder is cheaper than GetResponse?
“Well, to me GetResponse is the cheapest email software I have ever known with tons of amazing features. Though there might be some autoresponders software out there which might be a little bit cheaper but in quality, they are no match to GetResponse”.
At the time of writing this post, I still use GetResponse and my experience with them is amazing. Their customer support team is incredibly helpful.
You can read my review of GetResponse here to learn more about their amazing features, and how you can grow your business using their service.
[bctt tweet=” Disciplined, consistent, and persistent actions are more of a determining factor in the creation of success than any other combination of things.”]
Step #9: Set Goals
Remember this, no one becomes a millionaire overnight or out of luck. You have to set specific, measurable, attainable, realistic, and timely goals. And take massive action towards that.
You have to be clear on what you want, when you want it done, and what are the things that are going to lead you there.
When you have a goal you need to make sure you check it on a daily basis to see if you’re really achieving them or not.
This will help you stay focused and not get distracted.
However, if you don’t have clear driven goals, your chances of becoming a millionaire are just a mere dream.
You’ll lack the motivation to take the necessary action that will lead you to what you want.
I know everyone is different. Some people, they can achieve their results without setting a goal.
However, in most cases, if you don’t have a goal, the result you want will not be attained.
Step #10: Focus On Your Why
If you don’t know exactly what you want, why you want it, or the reasons behind why you want to achieve success in life.
It’s imperative that you’re going to lack the focus, the burning desire, and the motivation to take the necessary action toward achieving that.
Especially when you face difficulties and challenges along the journey.
I firmly believe most people who are successful in life are no better than you and I. (just example).
But rather, they have reasons why they want to be successful and that reason motivates them to take massive action no matter what the circumstances are.
So, anytime you feel like giving up, just remember WHY you started in the first place.
Step #11: Commit To Learning
Whatever niche or industry you’re in, I firmly believe that you don’t know everything about that niche or topic.
Even the experts you see. They don’t know everything, and that’s why they always commit to learning and researching everyday.
Now, in my opinion, I believe one of the best practices that will help you move ahead quickly is to emerge yourself into the industry or niche you’re in.
How?
By reading books, Listening to tapes or podcasts, watching YouTube videos, reading blogs – any kind of resource about the niche or topic you’re in.
Why?
This will help you get to where you want to be a lot faster and a lot easier.
That’s the key habit every successful person has.
REMEMBER: The key to succeeding at anything is to model success. Find people who have done it and just learn from them.
Taking this path will save you precious time and accelerate your success.
WARNING!… Don’t try to reinvent the wheel.
[bctt tweet=” [bctt tweet=”The more you learn, the more you earn.”]
Step #12: Take Massive Action
Knowledge without massive action is useless.
Dreaming about becoming a multi-millionaire is good but dreaming without MASSIVE ACTIONS, you’re not going to get any closer to that.
Taking massive action on a regular basis is one of the most important keys to success.
One of the things that separate successful people from unsuccessful people is that…
Successful people have trained themselves to take massive action irrespective of the situations they are in.
While the unsuccessful people always procrastinate and never take any action toward what they want.
The unsuccessful people spend their whole lives learning and never really take action on what they learn.
Successful people learn and take immediate action on what they learn.
And so?
So, if you’re listening to the sound of my voice today – I want you to commit to learning and take massive action on what you learn
For example, If you spend 2 hours learning. You have to spend 3 hours in action. Take this into practice and you’ll see how far you’ll go.
Step #13: Have Long Term Mindset And Take Baby Steps
In the process of making millions online through affiliate marketing. It’s not going to happen overnight. Learning to take baby steps with massive action over some time, is what’s going to lead to that big result.
What I discovered in most people is that they enter into business thinking they’re going to be super-rich in a month and if that doesn’t happen they get discouraged and give up.
Remember: “Rome was not built in a day”. Everything takes time to grow, so, I want you to learn to take a baby step before you start running.
What do I mean by that?
Your breakthrough to a million dollars starts when you make your first $100 online daily.
Earning your first $100 in your business consistently is the STEP to your million dollars online.
The idea behind this is to break down your million-dollar target or goal into small steps. You can’t jump from $0 to $1,000,000.
Targeting that kind of income is going to take you forever, especially if you’re using free organic traffic.
That’s why I suggest you first focus on making $100 and once you start earning that on a consistent basis, you can then use half of it for paid ads.
Then, you can gradually scale that to generate more income. I believe you’re getting the strategy.
That’s It Folks!
While earning $1 million through affiliate marketing is not guaranteed, however, it’s possible through the combination of proper marketing strategies, hard work, consistency, and a deep understanding of your niche or industry.
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