How to Make $200 a Day
Strategy Overview
What you are about to embark on is a series of lessons meant to teach you how to start your own affiliate marketing business from absolute zero.
This will be a no fluff, no filler course with an absolute no-nonsense approach. You will learn the nitty gritty details of what it really takes to launch your own business with affiliate marketing blog. You’ll learn about things that many other courses simply don’t teach.
Why?
Who knows to be perfectly honest. Maybe they’re afraid that if they teach their members that this stuff actually takes work they’ll be hit with a lot of refunds! (oh no, not refunds!!)
Well, we’re not worried about that here.
You’re going to learn what to do & how to do it in the order it should be done so that you can eventually branch out on your own and earn the comfortable living you were meant to!
All that being said, let the show begin.
Working From Home
It’s really easy to report for work at one of those J.O.B’s (Just Over Broke) and get the “job” done when you have a boss breathing down your neck. When you work for yourself from home you have to be both the employee and the boss. Things tend to be difficult and even confusing for a lot of us when just starting out. There is a learning curve ahead of you if you’re brand new to this, but with the help of Powerhouse Affiliate and the awesome members in our helpful forum, you’re not alone in this.
Necessities
There are a few things required to get any basic work done in affiliate marketing and they’re pretty much what you might expect.
- An internet connection
- A computer which can access the internet
- Some form of payment processing ability through a 3rd party
- A website is usually claimed to be “optional” but doing business is hard without one
- Some start-up capital (mainly to cover basic business expenses) amount varies
- The right knowledge & tools… we’ve got you covered on this one!
The information listed just below is going to apply differently based on various individual details. For this reason we are unable to provide you with any specifics. The good news however is that you will be able to perform a simple search on the Internet to obtain any further details necessary as is suggested for anything which is covered throughout our best affiliate marketing course.
We are entrepreneurs after all and that means we are problem solvers. If you’re unwilling to take your destiny into your own hands and mold it in whichever way you choose then I’m sorry to say that you’re in the wrong business.
We will give you the proper knowledge to get going down the right path, but it’s up to each of us individually to go out there and make things truly happen. Don’t worry though… you are never alone so long as you’re with Powerhouse Affiliate. Our community is always willing to lend a helping hand in the forums, all you need to do is ask. That said… let’s get down to details.
Taxes
Something to keep in mind when working for yourself is that you are responsible for handling your own taxes. The laws are different based on where you live, and if you happen to set up an actual business entity and obtain some form of TAX I.D. then you’ll need to familiarize yourself with the governing laws in your area or wherever your business is set up. On the other hand, you could always consult a local tax-professional and let them take care of it for you, for a fee.
Keep in mind that it is possible to write off many business related expenses come tax time. If not the entire amount then a sizable portion, which always helps to boost your bottom-line at the end of the year. Always be sure to keep those receipts and document everything down to the last cent when dealing with business expenses, your documents have to be accounted down to that level of detail so you know you’re covered in the event you ever get an audit. They don’t happen often, chances are you’ll go your entire life without ever seeing an audit yourself… it’s just good to cover your back “just in case”.
Registering Your Business
It’s understandable that reading stuff about taxes and registering a business can be a bit scary for some but the reality is that these things really aren’t too difficult to do once you know how.
The details behind these important details are outside of the scope of this affiliate marketing course as it’s just not practical to cover and keep up with every possible option in every territory on the planet. That being said, you can always fire up our old buddy Google and familiarize yourself with the process.
Alternatively, you can choose to do business under your own name and identity and file taxes that way. There are advantages and disadvantages to this, but that does again go into which part of the world you live in and the laws there.
It’s always a great idea to consult with your local certified public accountant for specifics.
Your Business Address
This falls under the category of not necessary but good to have… It’s optional.
The only part of all these suggestions that is really required in most cases is keeping your taxes in order. It’s not necessary to do any of these other things (at least not at first).
Once your business has grown to a good size and enough revenue is flowing in, you may wish to consider doing things like registering a business, getting a second address for your business and some other things which will be mentioned next.
Business Bank Account
Having a bank account specifically for your business is a massive benefit and keeps money management very simple.
The process is typically pretty simple, though you will probably want to have your business name registered in advance if you wish to open up an account under those details. Otherwise you’re free to simply open up another account with the bank of your choice and use it only for business purposes while still having it registered under your personal name and details.
Open A Merchant Account (& payment processors)
“What’s a merchant account?”
It’s basically a specific type of bank account which allows you to accept payments from customers.
You will typically have to go through a review process before getting accepted by your average merchant account. So, instead, there are other options such as payment processors.
Companies like PayPal, Stripe, Google-Wallet and etc are decent options when just starting out. They’re usually really easy to get accepted into, and you can use their services to process payments until your business reaches a level where opening up your own merchant account with a real bank is more reasonable to do.
The list above is in no way conclusive. There are many options out there, in a bunch of varieties for different needs. It would be a good idea to browse through them with consideration to details such as:
- what they charge for transaction processing
- if there are any additional fees
- where they operate and
- what countries they deal with (and don’t deal with, if any) and etc.
You are free to work with more than one payment processor at a time if you wish, and that may not be a terrible idea in the event one decides to do something like freeze your account for whatever reason- you’ll have another to fall back on so you can switch between them and keep business flowing as usual.
Now that you’ve been properly scared of using PayPal…
The honest truth is that for as many people who have issues with them, there are hundreds who have no issues at all, ever. A very close competitor to PayPal is Amazon’s own payment processor. Close after that would be Google Wallet and then Stripe. The others are great too, they just don’t have the same level of brand recognition which may or may not be important to you.
It’s up to you if you wish to go with their services, they are the most “trigger happy” when it comes to locking a merchant’s funds for half a year, but they are also the most popular and have extremely high brand recognition among buyers which causes customers to feel safer when making a purchase.
How Much Money Do You Want To Make?
Silly question, right?
“All of it!” is what a lot of people usually say… or “as much as possible.”
Can’t blame them for responding like that, however, it’s not going to bring you any closer to your goals if you don’t have any actual, concrete goals to begin with.
In order to reach a destination such as “how much money do you want to make” you have to actually have a destination in mind. Imagine going on a road trip to nowhere… that is exactly what you are doing when you say “as much money as possible”.
The $100 A Day & Beyond
Something you hear a lot is “I want to make $100 a day”. This is a very reasonable goal for anyone to set.
$100/day x 30/days per month avg. = $3000/month revenue
Notice the end there says “revenue” and not profit or income.
The expression “it takes money to make money” is absolutely true. The reality of the matter is that there is no way around it. You must invest something in order to get something back.
Your investment can be in money itself.
It can also be in your valuable time if money isn’t as available to you.
It’s important to take all expenses into account when figuring out how much money you want to make. Just like at a “regular job” you’ll have to consider things like:
- Taxes
- Daily expenses
- Business expenses
- Cost of living
- And whatever else you spend money on
Earning $3000 a month is a very good starting goal, that would put you at the upper threshold of middle class in a lot of 1st world countries and even higher everywhere else.
The truth of the matter is that generating $100 a day as an affiliate marketer is very easy for many people who truly understand how it’s done. Not only that but it’s not much harder to double that, and then double that!
A Real Business Or Profitable Hobby?
This can be a real business for you, or just a profitable hobby, it’s really up to you.
A good idea when starting out is to approach affiliate marketing as a profitable hobby and then extend that into a full time business after things are rolling in the right direction.
It’s never a good idea to quit any job you’re currently in, or pull yourself out of any income-generating situation you already have to pursue those hopes of making it big in the affiliate marketing industry.
Approach this as a class you’re taking in your free time. It’s very tempting to want to just blaze through everything and dive right in head-first but you’ll find that doing that is probably going to cause you to drown.
Everything you need to know to get an actual affiliate business operating is inside this training course. It’s all laid out in steps so you only need to follow them and with some creative thinking on your part, you’ll start to see progress in very short time.
To Brand Or Not To Brand
Branding is important, there’s no doubt about it. However, as an affiliate marketer you don’t really have to concern yourself with it in many cases unless the style of marketing you do lends itself to branding.
Here’s what we mean…
Let’s say you run a review website for some line of products in a niche of your choosing. Now, whatever the products and niche are don’t matter in this case. What matters is that your site has consistency and is helpful to the consumer.
In a case like this it actually would be helpful to build a brand for your business so that anyone who is in the market for the products you review (and sell) would come to you specifically for guidance and a place to make a purchase. Even if you’re just pointing the buyer in the direction of another store, they will first come to your website to reach that final destination because they know and trust your brand.
As human beings we are creatures of habit which means that we’ll often times go for what we are already familiar with as well and what we like or prefer. This is why there are so many of the same products available in stores under different brands… branding works when it makes sense.
Stay Tuned for Our Next Lesson!
