How To Do Affiliate Marketing On a Budget
Whether we are just starting out in the affiliate marketing world, or we've been doing it for a short while, many of us don't have much money to play with and that's one of the things that attracted us to, and encouraged us to try our hand at affiliate marketing.
How To Do Affiliate Marketing On a Budget?
This is a fair enough question. The good news is that affiliate marketing doesn't cost very much at all to get started. Even if you join Wealthy Affiliate here as a free member and never upgrade to premium, you still get to create and host 2 free websites, as well as do the first 10 lessons of the training to get you started. In this instance you don't even need to spend money on a domain name.
Technically, so long as you have a computer and internet, you can do this business for free.
Remaining free will stunt business growth and potential in the long run, but it is possible to start an affiliate marketing business with no money down.
Can't beat that.
One Step (and Expense) At a Time
For those marketers wanting to take things up a notch, it will require some expenditure, although not a lot. It's best to expand just one step at a time. After upgrading to a Wealthy Affiliate Premium Memberhsip and purchasing your own dedicated domain name for your website (higher credibility), just sit on that for a while.
Down the track you may join an email marketing company to you can start building an email list and an autoresponder series.
Further on you might decide to pay writers to write you content or artsist to design logos and infographics. You may even dabble in paid advertising.
The point is, to do this business - which doesn't have a lot of outlay anyway - on a budget, your best bet is to spend just one step at a time so you don't blow your budget all at once. This also gives you more time (with less financial stress) to test the waters on new ideas and see how things go.
Expand As You Earn
Many businesses employ this tactic. As you earn money from your business, put some of that money back into the business for expansion. This way you're not spending or risky money you don't really have.
Success Online Is Not a Race
Of course we all want to see success as soon as possible, but it's not a race, and being in a hurry trying to grow your business prematurely could actually achieve the opposite result of what you intend your busienss to do. You could just find yourself in more financial hardship rather than turning a profit.
One step at a time, spend money wisely, and do all the free stuff that you can possibly do until busienss is making some money.
Recent Comments
41
Good advice Darren. It isn't a race. Affiliate marketing takes discipline and that includes financial spending.
Erica
You have just gotten me back to where I am to think cooler.
I got my head cooled down now that is I don't think I will be getting myself into solo ad, asking people to write content but for Google ad and Facebook ad , is it going to fly for me? And can I convert with those who opt- in? The hat does it takes to take my list to covert from opt- in to sales .
Well said Darren, we need to take one step at a time and as you mentioned, "success online is not a race"! I would also like to mention that is great that there is free membership at Wealthy Affiliate, but if you haven't upgraded to premium membership, I would definitely recommend that you do as soon as possible, to achieve the maximum benefits.
Definitely there are many benefits to upgrading to Premium Membership for sure. Wealthy Affiliate has so much more to offer Premium Members.
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A doable plan - thank you.
No problem.