Is it still possible to succeed with affiliate marketing?
I'm currently making simple info apps for Android devices, and they are making over $100 per day for me now. However, I want to diversify my income stream, because you never know, when Google can kick you off. (I do my best not to violate any of their policies)
I'm now deciding between creating some semi-serious games for Android or iOS devices (my investments would be up to $1000 USD per game) or trying this affiliate markting stuff. I wasn't interested in this up until ViperChill mentioned a members only forum (which costs $99 per month), which features a lot of case studies and is based on CPA marketing (I'd mention the forum but I'm not sure if I'm allowed to).
Also, AppSumo has a course named "How to Make $1,000 a Month Business". The membership is $360 USD. I like his case study which he published recently when I earned a 1000 in 24 hours.
What do you guys think? What should I try next? Affiliate marketing seems good, but I'd like to know if there are people here, who make a good living out of it.
Well, maybe it's best you stick to android apps, because affiliate marketing requires 100% focus, you're starting from zero and so you need focus to learn the ropes.. It's not a set and forget like ads on apps. Even if it can become like that, it's not after you master many things first..
Personally I'm not gifted but I have been giving it full time attention since last september and I'm still at it. Previously I have been quite successful with passive income, but it doesn't work the same so I started as complete newbie on this affiliate marketing stuff.
But maybe you're gifted or will be lucky, up to you, do what you want, but then do it seriously if you want to go anywhere..
As for your courses questions, I don't think you need any paid training, really.. But what would be good is some place where they give you all the material to start building lists in different areas, like once a month. A pack with material (ad banners, incitative gift, email sequence giving out the gift and then pitching an affiliate product in that niche) so that you can focus most of your time sending traffic to the squeeze pages.
I have found such a monthly club in french, but in english I don't know if there is or rather where it is such a club. I pay 127 euros each month to get such a pack in french.
Last edited by James Colin; 09-13-2013 at 03:38 PM.
I still do very well with affiliate marketing but the key is hard work. Like James said, a lot has changed and it takes more work to build up a set it and forget it model. I also think it's better to focus on building a brand of yourself instead of just relying on a small niche site that is only Google reliant. So you want to be everywhere -- email, youtube, a forum, etc. and have a brand to promote. And this takes time -- which is why it's not as appealing to a lot of people.
As James said, learning to master email marketing will really take you far but it takes time to figure that out as well.
Thanks James and Lisa.
James: I wanted to join a forum or have a course because I need to process a lot of information fast. I have absolutely no experience in affiliate marketing, but I do read a lot about it lately (especially about setting up best possible squeeze/lead pages). I understand that getting a good ranking for a single squeeze page is harder these days, but I think that maybe if I'd use paid advertising and some good SEO techniques (Alex Becker and ViperChill are constantly ranking new and small websites on top of Google - I guess I would not be worried for a small squeeze page if it gets some sort of a penalty from Google), maybe I would had a chance.
It took me 6 months to build up my mobile app business (with no training or courses), but I want to speed up my learning curve here, that's why I'm looking for something. I'm really curious what AppSumo is offering in their course, but I guess it's not about as much about affiliate marketing, as making your own products.
Lisa: Hard work is not a problem. I know that having a brand and one big authority website with affiliate promotions and my own products would be best. But this could take years and I'd put all my work and money in one basket. Plus, I'm not a native English speaker, so I'd always have to pay someone to double check and improve my writing.
I come from an investing/trading background (it was a good business before this crisis started) and there are a LOT of parallels. However, I just want to point out, that diversifying worked best there (at least for me) and I think it would work well here also.
Thanks for your help, it's much appreciated. I will probably sign up for that 99 USD per month forum and give it a test drive. They have a 3 day money back guarantee, so I'll try to figure it out in this short amount of time, if that is something I'd be interested it. I'll let you know. However, if there is still some wisdom you'd like to share with me, I'd be happy to hear about it! Nothing beats good info from experienced people.
Alex and Glen from ViperChill have a completely different affiliate strategy than I do. They do what some would call grey/black hat techniques that involve more aggressive link building. I do believe it still works, but it's one of those things you have to stay on top of and keep chasing "the latest technique" while you wonder when/if Google will catch up to you.
My method is not as sexy and definitely slower than theirs. For example, my email list has over 35,000 people on it, but it took time to build that up and so now it earns income passively from autoresponders, etc. My YouTube videos sell Genesis themes, etc. but it took time for my videos to rank.
Glen and Alex have a much more direct process and probably get faster results. The downside is those techniques can be risky with regards to Google. But if you're OK with that then go for it.
I totally agree with you, Lisa. I would always prefer the method you are using. It's a solid long-term business model. But I see people struggling for a year, two or more without real results.
A guy I know makes between $500 and $700 USD per day with very simple mobile apps (he uses one of the web based app creators), but he uses shady tactics, which are ingenious, but not a long-term business model (he set this model up in less than 3 months). However, no harm is done to anyone (except to the advertisers, to a certain degree, I guess), but he is now using that money to build top notch mobile games, which are a more stable source of income. It's very tempting, his method can be easily replicated, but I won't do it.
So I'm willing to take a bit more risk and see what happens. I'll invest 3 months of my time in this affiliate marketing business to get a better feel for it. Oh, btw, AppSumo has posted a mind blowing case study, where he made $1000 in less than 24 hours. I see lately (from Alex, Glen, now AppSumo and my previously mentioned acquaintance) that the amount of work/hours you put in a project isn't always in correlation with the amount of money you can make. This was one of the biggest eye-openers for me lately.
OK, well good luck and keep us posted!
Thanks, Lisa. I'll stick around, you have a real nice forum here, and I really love your blog posts.
Originally Posted by lemming