This is the standard affiliate marketing structure. In this program, the merchant pays the affiliate a percentage of the sale price of the product after the consumer purchases the product as a result of the affiliate’s marketing strategies. In other words, the affiliate must actually get the investor to invest in the product before they are compensated.
I don’t necessarily regret going with a paid membership, as it satisfied my curiosity about their platform. My intention was to see first-hand if they had any secret sauce to share, but they clearly do not. Wealthy Affiliate is milking a dying business model and I’m willing to bet they are not providing additional value or evolving their ‘curriculum’ to adapt to the ever-changing rules of internet search.
Thank you very much, Craig, for this review! It is very honest- one of the best reviews of WA I’ve ever seen! I am also a member of WA for more then a year and I’m promoting WA on my site and I have only one premium member there- WA has become only a cost and burden for me. What do you recommend me to do with my site on which I’m promoting WA because it doesn’t bring me the money?
Always disclose your affiliate relationship. Most visitors will probably understand that graphic ad will lead to your getting paid, but if you write a review or use an in-text link as a recommendation, you want your readers to know that may lead to compensation as well. This ensures you retain transparency and trust with your readers, but also, it's required by the FTC's endorsement rules.
If you’ve got experience and expertise in a specific area of business, there are hundreds if not thousands of business owners who would love to jump on a phone call and pick your brain. This can be an easy way to make extra money online and to hone your skills to use in your consulting or freelance business. Sites like Clarity.fm let you create a profile where entrepreneurs and business owners can pre-pay to book a phone call with you for a set amount of time. Whether you’re an expert in raising money for startups, building apps, or running a restaurant, you can make extra money selling a few minutes of your time to people in need.
After wasting a solid two hours going over their model and deciding whether or not to give it a shot, I have come to this conclusion: what they are trying to get you to believe is that all you do is click a few buttons, give ‘em access to your checking account, and you will be able to move to Belize and languish on the beach forever while your website deposits a couple grand into your bank account automatically every month. Who WOULDN’T want that job?
Why do you want to get into affiliate marketing? Is it solely to make money? Do you have a desire (or already possess the skills required) to build a website that people will want to visit, learn from, purchase from, etc? Are you willing to build the best website imaginable for your chosen vertical? What skills can you contribute and do you have any leverage points that could make you competitive, e.g., writing, web design, seo, video creation, free time, and/or a strong desire to learn and work hard?
Speaking of the benefits of permanent ads, banners and links aren’t the only ways to earn a little bit of dough off your online endeavors. By having a website, you gain the power of emailing companies to ask them for things. I have no shame in letting the yoga company whose mat I’m looking into purchasing know that I have a blog and write for yoga publications – it sometimes gets me discounts.
Hi Marcus, I was aware that your write access had been revoked and believed that you had let your membership run its course and cancelled its renewal. My apologies. What a shame that the work and effort that you put in has dwindled down to two remaining members. I can say that I have read your WA blogs with great interest which is one of the few good things that came out of my membership along with a handful of friends that I made along the way. Much success to you in your new pursuits.
Considering that you have a finite amount of time, passive income should make up a large part of your work. If you're serious about generating any semblance of income online, then passive income should be one of your sole goals and ambitions. Why? Wouldn't you prefer to do the work one time and get paid repeatedly as opposed to relying on your time to generate that income? Invest the time at the front-end so that you can reap the benefits on the back-end. This means putting in a bit of sweat equity and not getting paid today. Rather, you'll get paid somewhere down the road. And you'll continue getting paid whether you keep building that passive income stream or you stop.
There is no shortage of products you’ll be able to promote. You’ll have the ability to pick and choose products that you personally believe in, so make sure that your campaigns center around truly valuable products that consumers will enjoy. You’ll achieve an impressive conversion rate while simultaneously establishing the reliability of your personal brand.