“I only ask you this because you made the above comment “there is no way you can use their hosting platform and WordPress installer to set up a successful site. There may be sites which are doing well on their platform, but they were built 6-8 years ago and are well indexed by now. Removing this from the equation significantly lessens the value of their membership.”
Amazon and Google are far from your only options for online advertising. Rakuten Linkshare is a great place to search for other affiliates for your ads. Through their program, you can get customized ad links, email links, and banner ads for Starbucks, Walmart, iTunes, and a slew of other popular brands. With this program, you can also find smaller companies, regional or specialized brands, and more. I run a combination of Google, Amazon, and Rakuten’s programs, and my monthly income is approximately $150 from these programs. It’s not a lot of money, but it’s also not a lot of work for residual (it means recurring…since the ads are permanent…) income.
I have been with WA 2 years this month and I wouldn’t look back, the knowledge and financial freedom I have gained is a credit to the platform set up by WA. Some people say how $49 is too much a month however when you consider what’s included like hosting, training, great community, tools and more I would argue that they set the price to low as there is alot of value.
Once you have this down, you’ll be a budding Etsy entrepreneur. Provide great quality to your customers, and they’ll often return. Many people are willing to pay a premium for quality handmade designs. Etsy (like EBay and Amazon) takes a cut off the top for selling items through their site. PayPal takes another cut, and you have to be careful with taxes on all income, so be diligent while building your online business.
What’s really amusing is that when I logged in the other day with my fake account my original account was listed under the heading WA Members Know How To Rank. They are terribly deceitful in many aspects. I also saw a post by a guy who had not received his commissions for three months and sent Kyle a message asking about this. He got a reply saying that Vegas 2019 was going to be a blast, etc. A totally automated and unrelated reply. You can imagine how pissed the dude was.
My tip: Have one main credit card. Have a second one that you use for necessities – such as groceries or gas – that offers rewards for those purchases (a lot of cards do) and set the second one on auto-pay. You should be able to pay off a smaller amount on auto-pay if it is a necessity. If you think you cannot, then you may need to cut down a lot on expenses.
However, like anything else truly worthwhile, apps require a significant investment of your time or money upfront. If you don't have the skills, then you have to hire someone who can assist you in creating a great app. But first you need to come up with an idea that will sell. Do the proper market research and analytics to come up with the right app.
I was a FREE member at WA for several months. I had used both of the two free domains provided. For what it’s worth, I joined the boot camp, & was promoting Wealthy Affiliate with one of the free domains. I really wish I’d have read your post – which I appreciate by the way – before embarking on that journey! I put in a ton of hours building content for each of the domains. So whereas I didn’t pay for a premium membership, I did spend lots of valuable time. I felt no sense of urgency to upgrade regardless of the constant push from WA to do so. I feel that they push you into thinking you have to rush. Logically speaking, I knew I’d be throwing money down the drain based upon the free training. I saw this as something you need to build over a length of time. So I took my time continuing to build & considered that I would finally upgrade to a yearly Premium Membership once I had something substantial.
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.
As someone who has years of experience doing lead generation on a local blog. Getting enough “traffic” for an affiliate site is damn hard. Over the past couple of years, an injury to my foot has left me slightly disabled. Affiliate marketing makes sense for someone like me with prior blogging experience who now has limitations. I will start with one niche and add another site later. I’m hoping to see good results in within about 18 months. But that’s only because I know how to do a lot of things and I know what’s involved. You have to write consistently, work your SEO, pick your poison in social media and be engaged in it. It’s a lot of hard WORK. I feel sorry for anyone who got their site shut down because they didn’t know how to transfer their site to another host. That’s terrible.
My second question is this; who gets my 49 bucks every month? If this isn’t a form of MLM, what would YOU call it? If it quacks like a duck… I suspect my recruiter gets a piece, his/her recruiter gets a piece, and so on up the line, but you try billing ( bulling?) yourselves as affiliates, so you claim that, as an affiliate, WA is one of the niche markets you are promoting. Only your “commission” is really residual income, because you’re gonna get it from me month after month until I wise up and decide to join under you to get my own little spot in your pyramid. Sorry for the long rant. If you’d just answered ‘yes’ or ‘no’ to begin with, my fingers wouldn’t be so tired…and that is a half hour of my life that I will never get back!
It’s an information product website and you could scream blue murder until the cows come home that’s all you get and nothing more as there are no value service packages available otherwise rumbling through a series of “How To” videos other than that the Wealthy Affiliate system really does nothing for you and that insane price of $49.00 a month!!! what’s up with that??!!
Many make claims to “keep digging”, your just a few blocks away and crap, and it’s enticing to see, but these days I steer away from the catchy dashboard headlines and money making attention articles that people post about. Not a minute after you mentioned Launch Jacking I had to look into it, and I read Jeff Lenney’s article. I actually can pin point a couple people who I can see doing this, and they are not the ones who have even tried out the product for themselves, or likely have an honest review, it’s just for the cash.