Great post , I do read a lot of the Nichehacks articles and this one is so true. At the moment I am in a niche I'm passionate about and yes although I am primarily using Amazon to monetize my site, I will be branching out to use other methods very soon. It frightens me to think the plug can be pulled at any time! I intent to use other affiliate programs as well as Amazon, maybe Google Adsense, I'm not sure yet, some digital products and also to build an email list.
High-ticket consulting or coaching: You could sell your own high-ticket consulting or coaching products from your website. You'll still need a website, merchant account, sales funnel, lead magnet and many other items. But you can easily earn a substantial amount of money from each individual customer, making it well worth the arduous setup required.
I joined WA and it was really helpful in the beginning because I was new to Affiliate Marketing. I haven’t given up on affiliate marketing, and I am currently learning how to piece together my own resources that seem more up to date. This has given me piece of mind and I feel this will provide more stability. I do see a lot of people promoting WA by comparing them to other similar programs. Craig’s review is very refreshing and spot on. Thank you Craig.
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?
Walk around your neighborhood or town and I’m sure you’ll see tons of great local businesses with terrible design. However, with increasingly easy-to-use tools like Adobe Illustrator, Venngage, Stencil, and Visme, just about anyone with a creative mindset and a good amount of motivation can start making money online by being a graphic designer for local companies.
Saw another “great tip” as a response to the same member from a guy who claims to rank very highly in the search engines. Apparently he does all his SEO work at around 3am when everyone else is sleeping. Just the image in my mind of him sneakily switching on his computer in order not to wake the rest of the world was enough to make me spill my sherbet all over the desk.
The 1.4 million members figure doesn’t even make any sense. If WA had 1.4 million active users it would be totally unusable. The “classrooms” there would just be far too busy to keep track of. And aren’t all members automatically set to follow Kyle? According to his WA profile, he has 365,319 friends. So there are 1,034,681 members that don’t follow Kyle?
This is one of those businesses where the time you spend is directly related to how much you earn. It typically takes about 1 or 2 hours to create an Amazon affiliate website or blog. One website or blog can earn anywhere from $10 to a few hundred dollars, or even $1000 or more per month. The key to making more money is to have more than one website. Some of the largest professional Amazon affiliates –the ones who make a six-figure income, have dozens of these sites. But the average guy or gal like us probably has anywhere from three to ten.
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.
These days, I think the hardest part of the SEO formula exists in the more technical aspects, i.e., good coding practices, site speed, site architecture, etc. Provided you have the desire and ability to write quality content, your time and money is better spent on learning the more technical nuances of SEO, which is why I recommend something like Treehouse over WA.
A multinational company may set up affiliates to break into international markets while protecting the parent company's name in case the affiliate fails or the parent company is not viewed favorably due to its foreign origin. Understanding the differences between affiliates and other company arrangements is important in covering debts and other legal obligations.
Webinars are quite possibly one of the most potent ways you can make an exorbitant amount of money online. You'll need an audience to train and you'll need to know what you're talking about. Of course, this usually requires having a website and some semblance of an online presence. However, people can still do webinars without all of that. For example, you might have a sizable social media following and you train them every week on something to do with social media. But you will need a product to embed and sell at some point. Don't worry about it in the beginning. In my experience, the best webinar platform out there is GoToWebinar.
ANOTHER marketing scheme for you to harrass your friends with and beg them to work-from-home and make money by blogging about what they 'love', when they will really end up monitoring one blog, the one that pays them for every fool who follows that yellow brick to Wealthy Affiliates and the dope behind the curtain. If you know anything about internet marketing already, you will see right through this.
It seams that owning a membership site is the best policy for making any real money online ,this way you are more or less guaranteed a monthly and even an annual income. All of the top people in affiliate marketing have used this method, and are getting quite rich using it. These people did not get rich by merely applying the affiliate marketing strategy that they are offering to their members, which shows that you will not get rich by what they are offering to you.
I would also like to see a forum built into the platform. Wealthy Affiliate has a unique way of building a community and I understand why they shy away from a standard forum type of format. Instead, they want to promote live chat sessions, blog posts, private messaging, and public questions where people can comment below. This type of setup is pretty cool at times, but I also do enjoy forums where I can just browse by topic.
Well I couldn’t have put it better myself! I joined as a free member several months ago and fortunately didn’t get brainwashed into going premium. The “community” is full of hopefuls who just part with their money which they probably get from a regular job. They are all under the impression that the founders of WA are some kind of gods or heroes. I have been robbed off by one of them with a lame reply which told me they don’t use cpanel because it’s outdated and their platform is state of the art. I didn’t even bother to ask why as I suspected it was just an excuse.
Good to hear from you man. I couldn’t agree any more, continuous writing and not being rewarded for it in the ways you want can be very disappointing. I’ve never heard of Textbroker until now, I’ll make sure to give them a look, I’m glad you brought that up. Yeah, I was reading through a couple of your comments in this article and it sounds like WA had that direct linking system back when they were starting out, and then grew into blogging. Those are the two systems of affiliate marketing-one for direct linking and doing as many niches as you’d like, while the other WA claims is a “long term business” to stick to one niche and build out your links through articles, reviews, etc. Great points, WA does make it seem like you didn’t try hard enough to breach your success, and the same goes for the people there…
This is the bait-and-switch that Wealthy Affiliate pulls on new members. It is called WEALTHY Affiliate, wealthy being a synonym of RICH. So, everyone who signs up is indeed hoping to be shown how to make a lot of money, then they get told: sorry, don’t expect to get rich any time soon. It’s kind of like signing up to Weight Watchers and then being told, “It’s going to take you ages to lose weight. You’ll probably stay overweight for a long time. But since you’re here, why don’t you pass the time by chatting to the other overweight people.”