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How Much Money Do You Need To Start Affiliate Marketing?
You can simply join most affiliate programs for free, grab your link, and start promoting through free methods.
And, by the way, those are the only methods I would actually recommend if you’re going in with no money at all.
Although that’s not really how I started, those are the only two platforms where I have seen people succeed with the no investment approach.
But even on those platforms, you should be building an email list.
How Much Investment Do You Need For Affiliate Marketing?
Well, it depends on what path you want to go down.
In the table below, I have outlined a rough estimate for most of the main methods.
There you will find a technical amount and a recommended minimum.
I would really recommend going higher than the recommended minimum, but if you don’t just be prepared to put in a ton of work.
If you don’t, then be aware that you are competing with people who have 1000x more money to invest and probably do more work too.
|Method||Technical Amount Needed||Recommended Minimum|
|Blogging||$2-3 per month||$20-$30 per month|
|YouTube||0||$20 – $30 per month|
|Other Social Media||0||$20-30 per month|
|Paid Ads||$60 per month||$500 per month|
As you can see, $20-$30 per month is pretty common.
This because you will always need an autoresponder such as GetResponse.
Well, you won’t “need” but it will probably double your sales.
What Tools Do You Need?
What you really need is this:
- Email marketing tool ($20-$30 per month)
- Keyword Research Tool (Blogging/YouTube)
- Adspend And/Or Time
- Hosting (If Blogging)
- Other (Domains, Social Media Automation, etc.)
If you do want to start a blog, make sure to check out my free e-book.
It’s really not a lot for a business.
You probably pay more in useless subscriptions such as Netflix, Spotify, and stuff like that.
If you do, then I’m sorry but you need to get your priorities straight.
Blogging costs $3 per month, Netflix costs $10 per month.
Cancel your Netflix right now.
Average salary of a blogger who has published 3x per week consistently for 5 years is between $100,000 – $250,000 (financialsamurai)
5 Years of Netflix 3x per week = lost $600 + time
Check the reply to start (it’s free)
— Five Star Funnel (@FiveStarFunnel) April 22, 2020
How Much Money Do You Need To Start Affiliate Marketing
Well, personally, I would say to start $30 per month is enough.
However, as soon as you start making money, you should reinvest it.
For example, if you start blogging, you can read my free e-book and it will tell you how to do keyword research without an expensive tool.
But once, you start making at least some money, you probably want to invest in a more expensive tool such as SEMRush.
“I Want To Start For Free, What Should I Do?”
Well, here you have 2 options:
1. Work your ass off with methods like YouTube or Twitter
Or, just take on an extra hour or so at work per month.
If you don’t have a job, then maybe you should get one first.
Other businesses, take months/years of big upfront investment, you have an opportunity right in front of your eyes for $20-$30 per month.
Be Aware Of This…
When I am talking about this small investment of $20-$30 per month, you will have to invest a lot of time upfront.
There is always the equation of time and money.
You will not make anything significant for months, maybe even a year or two.
I never understand it when beginners want to make quick money over-night.
Usually, also with little work and little monetary investment.
Affiliate marketing is a business.
There are some companies out there that invest (hundreds of) thousands of dollars before becoming profitable.
Who the hell do these people think they are that they can make quick money overnight?
Who You Are Up Against
And, as I mentioned earlier, there are some people who invest $20,000+ per month into their affiliate marketing business.
Some who invest even more.
And, they still work like crazy.
So, if you’re there investing $20 per month, you need to put in a lot of work.
You can’t invest 1000 times less than them and work less too.
Especially, in competitive niches.
That will not work, go do something else instead.
Look at Neil Patel.
Yeah, he isn’t in the affiliate marketing space, but he still writes everything on his blog himself.
Often, his guides have over 10,000 words.
And, he paid $200,000 per month for over a year before even monetizing his tool Ubersuggest.
When trying to rank in Google, you are competing with people like this.
So, be ready to work!
Getting The Right Mindset To Start Affiliate Marketing
You need to be prepared to:
- Learn (constantly)
- Work (constantly and for free)
- Not give up
If you’re not prepared to do this, then you will probably have a hard time succeeding in affiliate marketing.
I covered this in more detail on how to get the right mindset to start affiliate marketing.
How To Get Started With Affiliate Marketing
First of all, you need to figure out what you want to do.
Blogging? Get my free E-book
YouTube – Read This Guide
And, you should always build an email list as well.
Any other methods? I probably can’t really help you there.
How Much Money Do You Need For Affiliate Marketing? Conclusion
Apologies for this little rant today.
However, I hope that you have found it helpful in some sort of way.
Just be prepared to put in the work and you will succeed.
If you put in the work and constantly keep learning, you don’t need to be scared of any competition.
If you did find this article helpful in some sort of way, make sure to share it and/or leave a comment!
- How Much Money Do You Need To Start Affiliate Marketing?
- How Much Investment Do You Need For Affiliate Marketing?
- What Tools Do You Need?
- How Much Money Do You Need To Start Affiliate Marketing
- “I Want To Start For Free, What Should I Do?”
- Be Aware Of This…
- Who You Are Up Against
- Getting The Right Mindset To Start Affiliate Marketing
- How To Get Started With Affiliate Marketing
- How Much Money Do You Need For Affiliate Marketing? Conclusion