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How to Earn Your First $500 From Affiliate Marketing

Keller Hawthorne | August 2, 2010 | 23 Comments
Affiliate Marketing 101
How to Earn Your First $500 From Affiliate Marketing

When it comes to making money online it can be difficult to earn your first $1 let alone your first $500. The good news is that in reality earning money doesn’t have to be hard at all and you can easily exceed a goal like $500 in virtually no time – if you know what to do. There are a lot of pitfalls in affiliate marketing and many people can get discouraged quickly. If you stick with a simple affiliate marketing plan and work towards your goals, you’ll easily be able to achieve any financial figure you want. Here’s a step by step process for how to achieve your first $500 from affiliate marketing.

Step #1: Find Something to Sell

Now you can make $500 really fast by selling an affiliate product that pays out $100 or even $500 – or you can go the harder route and promote something that pays out $10 a sale. Obviously the better something pays the faster you’ll reach your first five-hundred bucks. That being said, the better something pays out the more competitive it’ll likely be to succeed in that niche. Track down something that pays out decently but is in a niche that won’t be too competitive for you to succeed in.

Step #2: Purchase a Domain Name and Set Up a Website

While setting up a website isn’t absolutely necessary, it’s definitely a good idea if you plan on earning more than just your first $500. At the very least you’ll want to purchase a domain name and redirect that domain name to your “ugly” affiliate link. This way when someone clicks or manually types your web address in their browser they’ll go through your affiliate link and you’ll earn a commission. If you want to go the extra mile you should build a website that either pre-sells or collects email addresses to sell to further down the road (great idea!)

Step #3: Start Sending Traffic

Here comes the real work. The biggest challenge with learning how to achieve your first $500 from affiliate marketing is generating the traffic. Using keywords related to your niche, write articles and submit them to article directories like EzineArticles.com, GoArticles.com and other top directories with links pointing back to your domain name and/or website. Additionally promoting your site’s URL offline is another viable option for fast money, but there are fewer niches and products that will be successful with offline promotion.

In essence the real key to success with earning your first $500 is to pick a well converting product that pays well, set up a website for it and drive as many eyeballs as you can to it. The more people you get through your affiliate link, the more money you will earn. While traffic generation can be tricky, especially for a beginner, the best course of action is to try generating traffic from as many different sources as possible. Make videos and submit them to YouTube and Vimeo, submit articles, build links back to your site and wait for the traffic and sales to increase until you’ve reached your goal.

ABOUT THE AUTHOR: Jason Acidre is a Marketing Consultant for Affilorama, an affiliate marketing portal. They provide affiliate marketing education and advanced affiliate marketing tools for beginning and advance affiliates.
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    How to Earn Your First $500 From Affiliate Marketing…

    There are a lot of pitfalls in affiliate marketing and many people can get discouraged quickly. If you stick with a simple affiliate marketing plan and work towards your goals, you’ll easily be able to achieve any financial figure you want. Here’s a st…

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  • http://twitter.com/gerri50 Gerri

    It all sounds so easy but it takes a bit of work. I must say though that once you have found something you enjoy selling it is plenty of fun. I have been slacking a bit but reading this post even thought it is pretty basic, I am getting excited again about getting out there and making some money!!! Thanks for that!

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  • http://www.fresheventure.com Keller Hawthorne

    It definitely takes work at first, but over time you can find a groove that works well for you. Once you put in the work of building that list and audience, the work gets A LOT easier.

  • http://www.gowebbaby.com Wordpress Customization

    I vote this method as an Steel Concrete method to make money online.

  • harly00

    Thnaks for share it useful information.Affiliate Marketing is always known as good way of making money online. Yes affiliate marketing can be good source of earning but without have good product to promote it is not possible to get success in affiliate marketing.

    http://www.megri.net

  • http://www.gowebbaby.com Wordpress Designer

    I think we have to put lot more efforts.Like SEO, link building, Organic traffic.

  • Brad

    Everyone worries about making millions of dollars when it comes to earning money online. You won't make a million if you don't know how to make a dollar.

  • http://www.101affiliatemarketingtips.com Rusty Colour

    Thanks for such a great article. You have put affiliate marketing in very simple terms.

    You touched on niche marketing, as being a very effective way to promote affiliate products. We couldn't agree with you more. One way to check if a product is profitiable is to look at how many monthly searches there are in a month on the niche key words, and then look at how many google advertisements there are.

    As a general rule of thumb, of a key word has more than 50,000 searches and less than nine advertisements, then it is possible that you can make a profit from the niche.

    Another simple way is to promote clickbank products based on gravity. If the gravity is over 30, but less than 100 then it shows that the product is competitive but that the market is not to over-saturated.

    Cheers

    Rusty O'Connor

  • http://richard-theexprofessional.monetizemylife.com/ monetizemylife

    Hey Keller,

    Great article. I wanted to comment on your driving traffic section. Since you mentioned several good ways to drive free traffic, I wanted to mention one of my favorite ways to drive paid traffic.

    That's Niche Banner Advertising. Take a few moments and design a good banner for the site you are promoting – or have it made for you here http://www.20dollarbanners.com/. Then go to google and type in the main keywords for your niche. Go through the top ten sites and see which ones are showing ads.

    Then just make a list of each site that's showing ads and start contacting them one at a time.

    Pay to put your banner on the first site that accepts ads that's highest up in the search engines. Then, wait for the traffic to start coming in and optimize your banner, your site, and your funnel until that first banner is profitable.

    Rinse and Repeat.

    Pretty soon, you'll have banners all over the internet that are profitable and getting your thousands and thousands of visitors per month. Pretty fun… but it takes a little bit of a budget to get that first banner up and profitable.

    Enjoy.

  • http://www.mediagrow.net Marios

    Great Post,As it was said before it takes a lot of hard work at first, TRUST ME its not that easy otherwise everyone will do it, If you going to focus on one thing it should be traffic if you have traffic you can sell almost anything, once you make through phase one it gets much easier.
    Marios

  • http://www.fresheventure.com Keller Hawthorne

    So on point Brad!

  • http://www.fresheventure.com Keller Hawthorne

    Interesting tips Rusty – thanks!

  • http://www.fresheventure.com Keller Hawthorne

    That's a fantastic plan for those who have an advertising budget Richard – thanks for the tips!

  • http://www.novimobiteli.com/ Novi mobiteli

    I am having hard time to find something to sell.

  • Charlotfernandez2008

    This is really helpful. I'm just starting the product that I am going to promote from clickbank and this article is a big help. Thanks a lot!

    Cha
    http://www.easyhomeinternetbusiness.com

  • http://financiallyeliteblog.com Dwight Anthony

    Good post Jason, on your point “build a website that either pre-sells or collects email addresses”, i've built a few pre-sell sites that work decently. On another note, what is the best way to create a site that collects email addresses and maybe forwards on to an affiliate offer. Can you site an example online? Would like to see the mechanics of it even though I possibly visit these sites daily and don't realize it, lol.

    Dwight Anthony
    Financially Elite Blog dot Com

  • http://financiallyeliteblog.com Dwight Anthony

    Good post Jason, on your point “build a website that either pre-sells or collects email addresses”, i've built a few pre-sell sites that work decently. On another note, what is the best way to create a site that collects email addresses and maybe forwards on to an affiliate offer. Can you site an example online? Would like to see the mechanics of it even though I possibly visit these sites daily and don't realize it, lol.

    Dwight Anthony
    Financially Elite Blog dot Com

  • http://www.fresheventure.com Keller Hawthorne

    I would say a squeeze page styles site works great for that. Get people to sign up for your email list and then promote your affiliate offers through the follow ups. Be sure to offer value first though :).

    Check out my article on squeeze pages: http://www.fresheventure.com/2811/squeeze-page-101/

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