Best of all, unlike a brick-and-mortar business, you don’t need a lot of startup capital. In fact, you can get many internet businesses up and running with no money at all because so many free services facilitate the possibility. For example, you can set up a website or blog for free using WordPress. Or you can leverage a third-party site like Amazon or eBay to sell goods with no inventory costs. You use their selling platform in exchange for giving them a cut of your sales.
Jack I am about to join WA as a PM. If I join now I will pay $19 for the first month. And for the rest of the month $47? How is it that you also mention it is $359/year? That is $29.92 / month. Please explain to me a bit even if you feel my question a bit stupid:) Shal I pay first the $19 for the first month or pay $359 for one full year? I would prefer to pay the full amount for a year.
If you add up all the services you get, the premium membership is a steal. For example, you’ll notice they include unlimited keyword research with a membership. Other paid keyword research tools sell for $49 or more just by themselves. Add in website hosting, and there’s another $10 / mo. Add on the website security package, and there’s another $10 per month (I’ve paid as much as $29 / mo just for website security). Just based on those things alone, Wealthy Affiliate is a great deal with all of the resources and tools you need in one convenient place. Not to mention all of the training, tutorials, and support that is included with the membership.
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.
Hi Jack, thank you for this information. I was just about to click on the SFM programme, which looked really good to me, but I was wondering what the Digital Business Lounge and Digital Experts Academy would cost. From what I read in your information about them, it would cost me too much money to progress. Is Wealthy Affiliate your own business or are you just recommending it? Also, SFM say you actually get someone to talk to, which impressed me, but I wouldn’t want to wait two weeks when I had a question. Look forward to hearing from you.
Path #2: To leverage on a business that is already setup, just like MOBE. These programs offer you a license to promote their products when you buy them, and you can potentially earn a lot of money when someone signs up through your affiliate link. To make money with them, you’ll only need to drive high quality traffic to their business, and the business will take care of everything. Problem is, as a beginner, you will not know how to attract the right traffic, and that’s where most people fail (because they don’t have the fundamental knowledge about Internet Marketing). That is why I always recommend to start from Path #1, because you will learn the entire game of Internet Marketing from ground up.
Basically, Wealthy Affiliate teaches you to become a successful Affiliate Marketer. You will learn how to promote other people’s product as well as learn how to promote Wealthy Affiliate if you want to. In Wealthy Affiliate, you really get tonnes of information and knowledge that will bring you from being a novice to an advance marketer. If you follow its step-by-step training and do exactly what you are recommended to do, you will see results very soon.
Unfortunately, I am not acquainted with Indian Tax law, so I am not able to advice you on this. But, I would presume that if you earn income from affiliate marketing, your profit from the business will be tax under your personal income. That is unless you create a company to run the operation, then it will be subject to corporate tax, and the dividends receive from the company will be subject to your local personal tax.
I appreciate your input on Wealthy Affiliate. I am considering joining but I have a few questions. One, what if I already have domain names and hosting? It seems part of the monthly fee provides hosting so will my fee be reduced? Also, I’m coming from AWOL Academy. I purchased AWOL’s first program to get started and learned a lot but I have been turned off by the very strong sales pitch they use to get you to pay $10,000 to be an elite member. Can you provide a comparison of the value of the educational content between AWOL and WA?
The basic idea behind an online drop shipping business is that, as a small business owner, you don’t have to maintain a large inventory (or any inventory whatsoever) of products or handle any delivery to your customers. That eliminates the financial cost and risk of having a warehouse full of stuff you might not sell, and the hassle of arranging to send orders all over the country or the world. In fact, you don't have to manufacture or store any products at all.
Wealthy Affiliate is built specifically for beginners, which means that it will guide you through selecting a niche and building an online business from scratch. The training is well structured so you won’t feel stuck or overwhelmed. You don’t have to worry a bit about not having a niche or any experience, because the course will guide you through it.
I read your review and I want to join the Program .But I’m from Bangladesh and I clicked on the special link you gave in the article which took me to WA page where it said $19 for the first month ,but when I went to pay ,it’s saying Free starter accounts are not available but showing $49 for premium membership. wasn’t I supposed to pay $19 for my first month for clicking through your link?
To get your e-commerce business up and running, all you need is a web hosting service with an integrated shopping cart feature or e-commerce software. To simplify the shipping process, you can work with vendors to ship products to customers on your behalf. This can reduce the amount of inventory you need to keep onsite. [Related: A Small Business Guide to E-Commerce Shipping]