This month my focus is to start working on the affiliate marketing part of my earn £2500 per month plan. I start this process by writing my personal plan for affiliate marketing. My experience so far is with promoting other earning opportunities, so this plan is going to involve quite a bit of personal learning. I am pretty excited to get started on this plan I must admit. I’m also really looking forward to sharing my progress with it. This time you will get to follow my progress right from the start of my journey!
What is Affiliate Marketing?
Very simply affiliate marketing is any time someone promotes an item for someone else and receives a commission for doing it. Affiliates do not work for a company, they are independent and may market several different products or different companies.
As I said my own experience is limited to promoting other earning opportunities. When I talk about Clixsense for example and someone joins my team I make a small amount of commission from that. I have also built teams in network marketing opportunities and earned commission for that. So how is affiliate marketing different?
Actually the examples above ARE affiliate marketing. Working with a network marketing company which involves making product sales for commission is affiliate marketing as well. So with my experience in these what do I still have to learn? Well, I recognise the fact there are a lot of different types of affiliate marketing available, but I don’t know what they all are. That is where my learning will start.
My step by step plan
So far my affiliate marketing plan is:
- To do some research into the types of affiliate marketing that are available
- Choose one particular product or service I want to promote
- Sign up for the affiliate program
- Identify specific methods of promoting the product or service
- Start to promote the product of service
- Review progress and adjust plan as appropriate
Affiliate Marketing Income Goal
I have already given myself an income goal of £700 per month from affiliate marketing activities. Now I want to make this is a SMART goal:
To avoid any confusion with my other income streams I will choose one product or service that I do not earn from without making sales or referring others to.
The goal is a specific financial amount so is easily measurable.
I know for a fact that others make a lot more than £700 per month from affiliate marketing. Is it achievable for me? I think the overall goal is achievable for me given some time to learn and implement a marketing plan. I might need to break the overall goal down into smaller amounts first of all.
This goal relates completely to my earn £2500 per month online plan.
I would like to meet this £700 per month income goal within the next few months. To tie this down further I will complete the first 3 steps in my plan today. I will then be ready to start promoting over the next week.
By doing this I should be able to earn my first commissions before the end of this month. I would like to aim for at least £25 by the end of June.
Wow, that gives me quite a bit of work to do today, so am off to start my research 😉 I will post about how I get on with that tomorrow!
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