Put bluntly, if you want to make big money through affiliate marketing (e.g. $500,000 per year like Super Affiliate author Rosalind Gardner), you will have to work hard. Hard work alone won’t cut it though. You need to either be educated in SEO and web design or you need to be smart enough, and simultaneously humble enough, to learn from mistakes and make the most of them. Here is some insight into how others have made good money with affiliate marketing as well as insight into how you can do the same.
Let no one tell you that email marketing is dead. An email list is crucial for every affiliate marketer. You can start building up your email list with a lead magnet (like the information products mentioned previously) or even just by encouraging your audience to sign up for your updates. You can then push your content to this audience via email and also direct them to your affiliate offers. Don't be sleazy about the sales, but if you build up enough trust with your email audience; when the time comes, they will not mind purchasing a product from you. 
Thanks a million, if you have time, let me know if my 3 step plan is the right way for me to go about this. Or if I am missing anything. It just seems too easy like that….You could make 100 videos promoting 100 products. Would this not work to make a good living? It would not take long at all to do 100 videos and as long as you did all the editing before you upload it, going back to edit it would not be nessecary.
Banners – after testing them out I decided to take down my banner ads since they looked salesy and weren’t working like my affiliate links did. They’re easy to throw up, but distracting and probably won’t get great results. If you try them, be sure to show specific sidebar banners based on the type of content people are reading on your blog (for posts that fall under my SEO category I would show a banner related to SEO, and for posts under my website speed category I would show a different banner). You can do this using a plugin like Widget Logic.

Next, you’ll want to target that audience and figure out what type of information they are searching for in the search engines. In order to attract the audiences most likely to be interested in your information and buy the products you’re marketing, you’ll want to entice and interest them, and figure out what type of content is best for doing just that. The single best method of attracting highly targeted and ready-to-buy visitors to your website is using the C–>T–>P–>M strategy I outline here.
While affiliate marketing does take a lot of effort, the basic skills required are really simple to catch on to, and by learning them, you could start earning real money in a fairly short period of time. If you find a product niche you’re passionate about, you could even earn money by simply expressing your genuine love for a product you believe in, and feel good knowing you’re sharing your experience with others who will love the product as well.
I agree with it- sort of. I believe that in order to become a successful blogger, that you need to be passionate about your blog. Whether that means that you are passionate about what you’re writing about, you’re passionate about helping people, that you just love blogging, etc., I believe that blogging is a business that needs to be enjoyed. I believe this because there is a LOT that goes into blogging, and it’s not always easy. It’s a continually growing process and a person needs to always be on their toes in order to succeed.
If an affiliate changes the terms of its program, your revenues could be directly affected. Choosing the wrong affiliates can also be problematic if your blog or website audience doesn't feel compelled to buy their products or services. With the affiliate-marketing industry experiencing a boom, you’ll also have to contend with competition from other marketers shilling the same affiliate products.
Finding a good niche within the hobbies category is a great idea because even though I don’t have many hobbies of my own, there are a lot of hobbies I would have liked to have gotten involved in. So I can sort of experience the hobby vicariously through being an affiliate in that area, learning everything there is to learn about it and sharing that knowledge with others. And if it turns out to be not very lucrative as an affiliate niche, well, at least I will have learned a lot about the hobby! 🙂
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