Some of the opportunity in this niche is going to be referring people to luxury brands that have higher order values than we might see on Amazon. I can’t disclose the person or the site, but one of my colleagues is in one of these niches and reported significant revenue increases from testing other affiliate programs against Amazon–before Amazongeddon.
when Chris Guthrie posted on here, I actually didn’t know him, if I would have I would have been awed!! 🙂 I have not put any more effort into my Amazon program, so for me nothing has changed, still very low sales and commissions. But there have been so many good tutorials and plugins for WordPress out lately that I am very tempted to have another good go at it, with a different approach this time. Will let you know if I succeed! 😉
Your life situation might dictate that $200/day is the pinnacle of financial motivation. You can drive yourself to attain this goal, but any further and the motivation begins to slip. That’s a point of diminishing returns. Call it your comfort zone. Any work to advance beyond this point comes with the additional burden of pushing you out of that comfort zone. And so procrastination sets in, along with the dual crippling fears of failure and success.
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.
To break down the question “Is affiliate marketing worth the effort?” take a look at the efforts I’ve laid out, and determine for yourself. In order to be successful in affiliate marketing you’ll need to choose a product category to focus on, learn about your audience, build a website or blog audiences can trust, create LOTS of content, and promote your content and your product, and with the right trial and error, you could be well on your way to receiving those commission checks from happy brands earned by referring happy customers. In terms of regular maintenance you will need to keep up with the latest online marketing trends, promote your content regularly, and continue learning about how your product category of choice is developing in today’s modern age in order to remain a trusted resource on your chosen topic.
I basically write tutorials on how to make your website load faster while saying “hosting is the #1 factor of website speed and SiteGround was rated the #1 host in 34 Facebook polls. They’re also used by Yoast, recommended by WordPress, and they will migrate you for free. Many people have already migrated to SiteGround and posted faster load times on Twitter.”
First and foremost, you’ll want to find a product category you believe in and focus on it. You don’t want to spread your affiliate marketing out too much, and by focusing on one specific product category, you’ll be able to pinpoint audiences to market to and establish yourself as a trusted source on a particular subject. If you spread out too much, you’re going to need a lot more effort to attract much smaller audiences, rather than allowing your knowledge on one particular subject bring people back again and again. Here’s a bit more info on how to choose a good niche.
I agree with you that the most important thing you can do at the start of your affiliate marketing career is to work out your WHY? Affiliate marketing is actually hard, hard work – especially in the beginning when you have no traffic and no followers. If you can’t figure out why you should be spending hour after hour on this “hobby” then it will never grow into a full-time income producing business. There is lots of great advice here for people getting started and people looking to get extra sales and give their career the extra boost they are searching for. Cheers
All CPA marketers put their eggs in one basket. I’ve seen plenty of the greats go from zero to hero and vice versa several time in their careers. The smart ones learn to build their own business in the process and pimp their products to CPA newbies (where the real money is). So if your only focus is to make the most money you can I would advise you not to spend it all because that business model won’t last.