In today's class, we are going to explore a crucial aspect of affiliate marketing that often goes overlooked – the numbers.

Many people jump into affiliate marketing without fully grasping the financial potential and the calculations needed to achieve their goals. From the beginning of my journey in affiliate marketing, I've always focused on understanding what I need to do to reach my revenue targets, whether that's a thousand dollars a month or a million dollars a year.

Tasks for this Lesson:

• Understanding the financial potential in affiliate marketing.
• Learning to calculate revenue goals and required sales.
• Exploring the vastness of the online audience and the opportunities it presents.
• Set some financial affiliate marketing goals for your business

The first step in understanding the numbers is setting financial goals. It's essential to know what you want to achieve and how many sales of a particular product are needed to reach that goal. Breaking down these objectives makes them more manageable and easier to understand. This approach not only makes success more achievable but also provides a clear direction for your efforts.

Operating with a clear understanding of your financial goals ensures you're not working in the dark. This clarity is crucial because at the end of the day, most people start an online business for financial gain while pursuing their passion. I am sure that is exactly why you started building a business online as well!

By aligning your website and content strategy with specific financial objectives, you can work more effectively towards your goals.

Example: The Sandals Affiliate Program

Let's put these concepts into practice with a real-life example, the Sandals affiliate program.

This affiliate program pays 4% commission, which is definitely not on the higher end of affiliate commissions, but because it is geared around "vacations" worldwide, the average order size is much higher than other programs.

In this case, that order size is $1,250...and if you multiply that by 4%, you get an average of $50 commission.

Now if I was operating within that niche, selling vacations I would need ONE sale per day to earn $1,500 per month ($50 x 30 days = $1,500). If I wanted to earn $15,000 per month, how many sales per day would I need?

10.

Think that is possible with 5.5 billion people online, most of whom are travelling throughout the year, some MANY times. Absolutely, and that is the reality of the opportunity within the affiliate marketing world (and this is just one program).

Remember, the internet offers access to billions of potential customers. This vast audience is your market. Just a small fraction of these people daily can help meet your sales targets.

Another BIG Example: The WA Affiliate Program

Let's look at another example, that is relevant to my SucceedWithKyle.com website, the affiliate program here at Wealthy Affiliate. As you may be aware of by now, this is one of the most lucrative affiliate programs out there with high revenue share, high commissions, high retention, and a high quality product you can stand behind.

As you can see, our program pays $320 per sale, for our most popular (and biggest discount) membership, the Premium Plus+ membership.

Let's look at a breakdown of the potential earnings from the Premium Plus+ yearly membership.

Let's look at a breakdown of my potential here with this program:

Sell 1 P+ Yearly Membership Per Day = $320/day, or $9,600 per month

Sell 5 P+ Yearly Membership Per Day = $1,600/day, or $48,000 per month

Sell 10 P+ Yearly Membership Per Day = $3,200/day, or $96,000 per month

You can see how quickly these commissions add up..and this is where the $96,000 per month number comes from!

With 5.5 BILLION people online that would love to earn more money, doing something they love...do you think you could find 10 of these people to introduce them to the best product in the industry that will help them earn more money, doing something they love.

It's entirely possible. And that is the very opportunity within the affiliate marketing world.

These calculations to ANY affiliate program. Commission rates will vary from program to program, some will be a few dollars, whereas others will potentially pay $1,000's in commission per sale.

With affiliate marketing you are tapping into a global audience, and you can do so with 100's of millions of different products/services. Understanding these numbers is key to setting realistic and exciting goals.

It's not just about having a passion for marketing; it's about strategizing for financial success...and I hope this has offered you a lot of clarity on that!

Tasks for this Lesson:

• Understanding the financial potential in affiliate marketing.
• Learning to calculate revenue goals and required sales.
• Exploring the vastness of the online audience and the opportunities it presents.
• Set some financial affiliate marketing goals for your business