(Also, did you notice Michelle said you don’t even need to HAVE a blog to be a successful affiliate marketer?! I thought that part was pretty interesting. Meaning affiliate marketing would be a great side income option for anyone who was willing to learn to do it and put the effort into a social media account – like Facebook, Twitter or Instagram.)
Yes is the short answer. Any time you are planing on generating money, you should have a plan. No plan means no real focus. There may be some 1/1000 percent of a chance you will succeed, but I haven't met them yet. If you have already started and have generated an income, record how. Doing so will give you material for use in expanding your business faster.
At the time, I had a ton of people reaching out wanting to hire me (I ranked my self #1 in Google for WordPress SEO Consultant, WordPress SEO Expert, many other good keywords). Unfortunately I struggled with basic things you need to run a service-based business… keeping track of clients, time management, and making sure I was charging clients for my time (and getting them to create content which often seemed impossible).
Once you’re financially stable, I hope you start giving back. It feels good and people like the idea of supporting a good cause (they will be more likely to click your affiliate link in your disclaimer). This also means you don’t have to use as many links in your content and risk getting a penalized. Last year I donated $3,000 to Red Cross At Hurricane Harvey.
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The amount of money you can make can depend greatly of you budget. If you have a small budget and you don´t have a lot of money, then you have to start with free marketing methods like article writing, blogging, forum marketing and such. It takes a lot more effort ant time to have success with these methods. But they are very effective if you keep writing articles and participate in forums. You can make $100 a day within just a few months just with article marketing.