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.
If you do decide to promote Wealthy Affiliate, there are additional perks. For example, anyone who sells 299 subscriptions from January to December gets invited to the Wealthy Affiliate Super Affiliate Conference. There is no way to get into this conference unless you make 299 sales. Absolutely everything is paid for from the flight to the hotel room to entertainment and AMAZING food. Here’s a quick video I made showing some of the highlights.
Often times Affiliate Marketing is Over-Hyped: You’ll see a lot of testimonials promising spectacular results with affiliate marketing, such as “person X made $60,000 in just 30 days as a brand new affiliate” & there’s many similar messaging like this that unfortunately give affiliate marketing the wrong perception, that its some sort of get rich quick scheme, which it is far from. This kind of insanely fast results most likely came from a successful Facebook ad or other successful paid aid. Sometimes due to multitude of factors an ad can just take off and generate high revenues for short period & then burn out. The difficulty is being able to sustain those kind of numbers consistently. FB for one doesn’t like most affilaite offers to be promoted, so eventually your FB ad account will get banned or your ad will burn through its audience and stop working. I know this because I’ve been there done that. Those massive pay days are fun but the real challenge is can you sustain it?
Some offers may have low commission or conversion rates: Not all affiliate offers were created equal. Some offers pay out more % per sale. Somer offers just don’t convert that well despite sending tons of traffic to them. It is important to pick a good offer that converts well & pays out high. Look for offers that are the most popular in your niche at clickbank.com, or look at other affiliates ranked on page 1 of Google within the niche and look at what type of offers they are promoting. Most likely those are the great offers to promote in the niche.
You could also opt to use existing websites for making money. These include both active income and passive income methods. For example, you could sell some used items or invest in creating some digital designs that then can be sold on merchandise. Again, devote a sizable portion of your time to passive income so that you can slowly build up earnings that will arrive on autopilot without any extra added effort.
Now you’ve got many different options to start earning online. If you saw something that really interests you, try it out and learn more about it. If you’re really wanting to make a full-time income online, you need to be dedicated to learning how to do what you want to do. There are tons of free resources out there. You just have to search for them!
Etsy is the most popular online marketplace for handmade goods and crafts. From bracelets to phone cases, rings, furniture, and more, Etsy is perfect for anyone who is creative and wants to sell their handmade creations. As long as you have the space, this can make for one of the best ways to make money online that can be started with a very limited investment. Consider these 5 steps to starting an Etsy store, from Handmadeology.
Highly competitive: If you can’t generate traffic, you don’t make any sales. This is the biggest challenge. When everyone can sign up for these affiliate offers for free (very low barrier for entry), now you have a situation where there is a boatload of competition for most affiliate opportunity out there. Unless you use paid traffic, most people get traffic from building a website and ranking it in Google, which is what Wealthy Affiliate teaches, but the problem is there’s only 10 spots on the first page of Google. & you have to compete for those spots with thousands of affiliates around the world.
Your post is supremely detailed, well delineated and presented in a way that seems legitimate and genuine way to earn financial freedom. I especially like the visual aids you provide with analysis and progress reports. It sounds to me like a soluble manner in which to level up someone’s financial status and I will definitely look further into it and pass the link along. Thank you for dialling in such a well informed post.
I was a member of Wealthy Affiliate for 2.5 years. I made a little bit of money through my own niches, but nowhere near enough to justify the work I put into it. I did the bootcamp course and made some money referring other people to WA, but I did so mainly by churning out fake negative reviews of competing products, which is the direction that the bootcamp course leads you in. The whole setup of the bootcamp course is bullshit. It teaches clueless newbies to shout out to the world that WA is the best way to make money online, all before they even know whether this is true or not.
This review is right on the money. I know exactly what Craig is saying here because I’ve been in the online space for quite some time now ;). The information in WA is not incorrect, but as Craig said, the process is grossly oversimplified. This is probably intended to draw in newbies more easily. Look at it like this, each of those main steps probably have like 50-100 substeps, if not more, lol. You have to be disciplined, learn and absorb all the theory and apply it, but folks suffer too much from Get Rich Quick mentality and impatience online. Think about it, if it takes REAL work to build a regular bricks and mortar business, what makes you think it won’t take you work to build a business that just simply happens to based online? It is still all within the realm of this universe, law, and universal laws hold haha. Anyway, not meaning to be facetious. All else being equal, the best thing about an business that happens to be based online is the ability it has to SCALE! That’s where the real advantages come in IMHO. Best of luck to you all
It’s really advisable to register any domain outside of wealthy affiliate and also ensure that you have a full backup of your site stored somewhere else in case of any problems. It seems that members can only use WordPress to build a website which I feel is a bit limited. There is a big world outside WordPress and they could teach so much more than just building a site with one platform. There may me a few making money from their sites at wa but would certainly be a small minority. Many claim to be doing very well but if you bother to really check them out, most are doing very little and have low traffic.
I’ve left Wealthy Affiliate in January this year but I didn’t know that I have to transfer my sites before closing my paid membership and after that they didn’t want to give me access to WP- admin area of my sites and after a month they destroyed both of my sites. They didn’t want to give me technical data necessary for transferring my sites to hosting somewhere else. I also had one referral on WA and that person is still there but after leaving WA, I didn’t get my commissions. I had awful experience with them and I’ll never promote them again! Best regards!
I have heard of Muncheye, and I gave it a good look some time ago, but really never thought about going back to it. It’s a landmine to say the least, there’s a lot of information and continuous repetition of pushing out new material and more make money online products. I mean, I know marketing is always changing, but c’mon how many more need to keep showing us how to make money online right? Funnel creation is a whole other game in its own, and yeah it’s the motto that “funnels are the next big thing” and that websites can no longer do it. However you look at it, everyone needs a motto, a hook, an attention grabber that needs to make them standout and persuade others how awesome their own system is.
As far as using WA as a registrar and web host, that is not advisable. As the old saying goes, you never want to have all of your eggs in one basket, and it’s extremely important that you retain complete control over all of the moving parts involved with running an online business, i.e., hosting, domain, dns, email, etc. WA’s hosting services are very canned and restrictive – negating a lot of the flexibility and extensibility which is the beauty of WordPress. As a beginner, you may not recognize these limitations early on, but if you begin to succeed and start looking at ways to improve your online presence, you will undoubtedly realize that WA’s hosting services are less-than-mediocre. Those who are using WA’s hosting and are running successful sites are members who’ve been online for probably 6-8 yrs or more and are deeply indexed.
When I say that I love Wealthy Affiliate, I’m not just saying that because I’m an affiliate for them. I’m a very active premium member at Wealthy Affiliate and love interacting with people on a daily basis. If you join, you’ll see me posting on people’s profiles, answering questions, chatting in the live chat area, and I have private personal messaging conversations multiple times per day.