Find work. When you first start out, you may have to accept work writing about a topic you don’t find all that interesting. You must keep an open mind and be willing to accept work that may not be in your desired field. However, as you continue to write, you not only learn about more topics, but you also build your reputation. With time, you can be choosier about assignments you want to accept.
29. Videos – This could be an entire section on it’s own. Many people have made money by creating YouTube videos. Evan of EvanTube is a kid and he has made millions by creating reviews of products that other kids his age would use. It’s not easy to get views into the millions, but once you do, you’ll start seeing some cash come in. Many bloggers have completely turned to videos to get their point across by starting a video blog.
28. Subscription – If you think of something valuable (newsletter, online magazine, etc.) that you can consistently offer on a certain basis (weekly, monthly, etc.), you may want to offer a subscription service. This could be a fee charged each time your product is sent out or on a monthly basis. Either way, this has to be something that your customers can only get by subscribing to your website.
Upwork: This website offers a great marketplace for selling just about any professional service. You don't need a merchant account, website of your own or anything else for that matter. All you need to do is be able to provide a high-quality service at a reasonable price. But be informed, you will have to compete with many others that are constantly bidding on open jobs.
Some merchants run their own (in-house) affiliate programs using dedicated software, while others use third-party intermediaries to track traffic or sales that are referred from affiliates. There are two different types of affiliate management methods used by merchants: standalone software or hosted services, typically called affiliate networks. Payouts to affiliates or publishers can be made by the networks on behalf of the merchant, by the network, consolidated across all merchants where the publisher has a relationship with and earned commissions or directly by the merchant itself.
WordPress comes free with cpanel which incidentally, Kyle at WA told me is outdated. I purchased a reseller account from Greengeeks which will host unlimited websites. Each domain has an independent cpanel which includes a load of free software (including WordPress) All this for only 20 Dollars/month. I recently built a dozen websites all with WordPress using that account. I think it could be done even cheaper if you shop around but I’m really happy with the service I get and no need to change. If you only want one website a cpanel platform from Greengeeks will cost you around 4 USD/month if you pay in advance. Of course you don’t get the “community” that comes with WA but you don’t get the brainwashing or stupid restrictions either.
I make the bulk of my money from blogging. In addition to the advertising revenue streams mentioned above, I also receive flat rate payments for blogging from various blogs throughout the web. I’m paid to write as a whistleblower, financial analyst, reviewer, commentator, and more. Writing for other sites builds traffic to my personal blog. The traffic for this blog gives me clout to present to advertisers.
As for where I made the pyramid scheme analysis, it may be stretching it a bit far, but Investopedia says it well, “If the recruit gets 10 more people to invest, he or she will make a profit with just a small investment.” Sound a lot like getting a person to join Wealthy Affiliate, though I’d be fine if it was just a product and nothing else. Sure it may offer all of those resources like keyword research and hosting, but that’s just the bread of a hamburger, meaning the true “meat” of the program is the fact that it teaches you how to build an online “business” in which you are an affiliate for certain products. May even be a bit like MLM, but instead of the participants who recently joined receiving a smaller percentage of the money in which they got others to join (WA gives half, I’ll recognize that), they will still struggle in the end trying to build a website and generate traffics to have products bought through them in such a saturated market. Such reality cannot be downplayed in a review for Wealthy Affiliate.
Amazon and Google are far from your only options for online advertising. Rakuten Linkshare is a great place to search for other affiliates for your ads. Through their program, you can get customized ad links, email links, and banner ads for Starbucks, Walmart, iTunes, and a slew of other popular brands. With this program, you can also find smaller companies, regional or specialized brands, and more. I run a combination of Google, Amazon, and Rakuten’s programs, and my monthly income is approximately $150 from these programs. It’s not a lot of money, but it’s also not a lot of work for residual (it means recurring…since the ads are permanent…) income.
With Wealthy Affiliate they have so many multiple streams of income to where their money comes in from- the hosting, the referral program, jaaxy, the premium accounts, the illusions of all the community help that is spectacular, the writing of reviews that will promote WA and make them stand out in search engines, and social media, etc. I mean, the goal is to first help people and then make money in the process, but many of these people fail at #2. What the heck should I be writing content for to just make it a hobby and never get payed for? It’s more so a waste of my time, and I’d be crazy.
Next, you’ll need the right tools. You can be as complicated or simple as you want depending on your comfort with audio equipment, but at the minimum you’ll want a microphone and software for recording your voice. Companies like Behringer, Blue, Focusrite, and others sell studio-quality plug-and-play podcast setups that can get you recording today.
Affiliate marketing is commonly confused with referral marketing, as both forms of marketing use third parties to drive sales to the retailer. The two forms of marketing are differentiated, however, in how they drive sales, where affiliate marketing relies purely on financial motivations, while referral marketing relies more on trust and personal relationships.
One thing I don’t like is that Wealthy Affiliate mainly focuses on beginner to intermediate trainings. While this makes sense as the vast majority of Wealthy Affiliate members are brand new to the industry, I would also love to see some more advanced training provided for those of us with a decade of experience in the industry. Sometimes even the pros like to be challenged!
This sounds like exactly what I am looking for, Tony. Yours is by far the best review of an affiliate opportunity that I have ever read — it has caught my attention and fired me up! I am a published audiobook narrator/independent publisher who writes my own marketing content 🙂 My goal (also with my audiobooks) is to build a strong residual income – and I came across your amazing review of WA through a search I conducted yesterday.