“mobile”/ banners
Dismiss Notice
Welcome to Our Community
Wanting to join the rest of our members? Feel free to sign up today.

How I made $1 million from affiliate marketing

Discussion in 'Success Stories and Bragging' started by Mike-AffiliateCloud, Oct 28, 2016.

  1. Mike-AffiliateCloud

    Mike-AffiliateCloud Service Manager Service Manager affiliate

    50
    36
    18
    Step 1: Take action

    For me this started back in 2005 when I was laid off. I was given a month's redundancy pay and sat at home for a month learning how to create my own websites with Dreamweaver (LOL). Had I not been laid off and 'forced' to take time out of my 9-5 office job, I never would have started down the affiliate marketing path. I knew it worked having spoken to other affiliates, but I would never have found the time or the motivation to get going. I'm not saying leave your job to do this, you just have to find the drive and motivation to get going and take action.

    Top tip: don't waste your time listening to & reading 'make money online' podcasts and blogs as it will lead to inaction and overwhelm.


    Step 2: Focus on one thing


    This was lead generation in my case. Not the spammy lead generation from emails, popups, surveys, co-reg, incentives etc. We are talking top quality traffic sources like Google Adwords. leads which are not the cheapest to generate (although can be if you know the tricks), but which are the highest converting for the lead buyers and will lead to long-term deals. It's far easier to sell more to an existing lead buyer than to find a new lead buyer. If you constantly deliver sh*t leads you'll never forge any long-term partnerships.

    Someone once told me 'find one thing that makes you money and focus on that above all else'. For me that one thing was lead generation via PPC (Google/Bing). As affiliates we are usually one-man bands, meaning we have to do everything in our business from running the accounts/tax to finding new lead buyers to managing campaigns to chasing payments. To add to this with other areas of affiliate marketing means you spread yourself too thin and you never become an expert in one thing.

    Step 3: Learn Wordpress (or pay for it)

    Ideal scenario: learn wordpress and create your own websites which you can fully customise and make changes to on the fly.

    Next best scenario: employ a cheap freelancer to create a fully functioning wordpress website BASED ON YOUR DESIGN, and employ freelancers to do any necessary changes/fixes to sites.

    Step 4: Don't do traditional affiliate marketing

    Back in 2009 I created a site promoting things that had been seen on TV. It was a 'traditional' affiliate site in the sense that it was content based and I made money by using affiliate links within articles and a few banners here and there.

    Work-wise it took up a large portion of my time. Mainly in writing fresh content, but also in sourcing the affiliate links, finding images, replacing broken links etc.

    Money-wise it only made decent money from the months October - December (Christmas period). Around £500 per month.

    By comparison, at the same time lead generation was earning me around £30,000 per month for around one tenth of the work.

    When I say traditional affiliate marketing I mean using links in content which are usually tracked by the merchant (eg Amazon) or an affiliate network. These days voucher, coupon and cashback sites have taken over the market, overwriting last click cookies and taking commissions at the last minute. I think if I started my content site again it would earn a fraction of what it used to.

    Step 5: Learn about lead generation affiliate marketing

    affiliatecloud dot co is a training platform dedicated to this. Built by me, an affiliate, for affiliates.

    Step 6: Learn how to do PPC

    I've done PPC for 13 years and now moderate at PPC conferences around the world. You don't need my level of experience but you will need to know this one key point: Google is trying to make money by encouraging clicks on your ad. You on the other had are trying to make money by getting the right people to fill out your application form so you can sell that lead. Do not listen to Google when they attempt to 'teach' you how to optimise your campaign. Seriously. You will waste money. As someone who has spent over £900,000 with Adwords over the past 10 years please believe me on this, and learn from my mistakes.

    Step 7: Find good lead buyers

    Good = high paying, reliable, trustworthy lead buyers. Beware that most of these buyers will have been stung by lead generation companies in the past - you are NOT LIKE THESE GUYS. You do not do email, co-reg, surveys etc. Your leads are top notch, high conversion, high quality. Because they are from PPC, someone has actively searched for the product/service before clicking your ad. Sell your value, and make sure you differentiate yourself. This is the hardest part of your job by far, convincing lead buyers that you are not another scam.

    Step 8: Keep pushing

    When you're earning money, don't sit back. Keep pushing to increase your lead volumes and your income. Keep tweaking campaigns. It's easy to sit back but don't. It's SO easy to lose motivation in this industry with a 'set and forget' attitude - this can earn you a decent income but will not make you the mega-bucks.

    Step 9: Do not give up


    If you give up at the first sign of failure you will never succeed. Just know that there is a lot of money to be made in online affiliate marketing in the right areas. True there are lots of scams out there, and it's easy to be blinded by these, but there are genuine people making genuine money out there.

    Step 10: Screenshots


    I don't have any bank account screenshots or anything like that. I know a couple of guys on here who will vouch for my authenticity. And at the end of the day as I've grown older I've realised that material possessions are not as important as having time spent with your family. So here's a picture of my kid having fun in our paddock:

    [​IMG]

    Happy to answer any questions and hope this gives some of you the motivation and push you need to really get going in this industry.

    Mike
     
  2. newbidder
  3. Mike-AffiliateCloud

    Mike-AffiliateCloud Service Manager Service Manager affiliate

    50
    36
    18
    Here is a snapshot from one of my Adwords accounts:

    [​IMG]
     
    razrus5 and TheDanmit like this.
  4. shafi kasmani

    shafi kasmani Affiliate affiliate

    262
    103
    43

    Thanks for shared us! Keep it up still
     
  5. shafi kasmani

    shafi kasmani Affiliate affiliate

    262
    103
    43
    One Landing page or presell or mix different your websites?
     
  6. traged

    traged Affiliate affiliate

    136
    43
    28
    Wait... 1.9 pound average CPC and you was still in positive ROI? What was your epc? Could you show us example of per-lead offer that you was promoting?

    Thanks!
     
  7. hypefree

    hypefree Affiliate affiliate

    140
    32
    28
    I think his epc was huge because he sold the leads directly? Just my guess I could be wrong. Good post OP.
     
  8. Mike-AffiliateCloud

    Mike-AffiliateCloud Service Manager Service Manager affiliate

    50
    36
    18
    If you look at that Adwords screenshot you will see that the overall cost per converted click is £14.57.

    We have a funeral plans campaign within affiliate cloud paying £35 per call. We have had home improvements clients paying in excess of £50 per lead.

    Don't bother with the really low payout offers - there's no margin there unless you do huge volume. The only way to do huge volume is using stuff like mass email marketing - which produces poor quality leads.

    Go for high payout offers at lower volume - you'll earn more this way.

    Also don't concern yourself with metrics like EPC. All you need to focus on is cost per unique conversion and payout per valid lead.
     
    razrus5 likes this.
  9. godziwa

    godziwa Affiliate affiliate

    46
    20
    8
    Thanks for confirming my suspicions. I used to promote CPL offers that have low payouts and didn't have the volume. Now, I focus on promoting CPA offers.
     
    Mike-AffiliateCloud likes this.
  10. FlowerCoder

    FlowerCoder Affiliate affiliate

    10
    2
    1
    wow that's awesome! good story
     
    Mike-AffiliateCloud likes this.
  11. azgold

    azgold Super Moderator Super Mod moderator affiliate

    7,804
    3,408
    113
    Hi, @Mike-AffiliateCloud , nice to have you join us and what a really great story! Thanks for sharing it.

    I'm sure you will be a very popular addition to the Lead Gen forum. :)
     
    Last edited: Oct 30, 2016
    Mike-AffiliateCloud likes this.
  12. traged

    traged Affiliate affiliate

    136
    43
    28
    Do you even know what EPC is? There is no difference between average CPC vs EPC and "cost per unique conversion vs payout per valid lead" :)

    And those "funeral plans" and "home improvements" per-lead offers - do you still have them?
     
  13. PaltiNet

    PaltiNet Service Manager Service Manager affiliate

    30
    4
    8
    Thanks Mike for great motivation post .
    I am ready to start my journey with you . . .
    I need to make it big this year (2017)
    [​IMG]

    :entrepreneurfix:
     
  14. Mike-AffiliateCloud

    Mike-AffiliateCloud Service Manager Service Manager affiliate

    50
    36
    18

    I always understood EPC to relate to 'earnings per click'. My point was that click cost is irrelevant in this game, it's all about cost/conversion.

    We do have these offers available in trial stage - are you a member of affiliate cloud yet?

    Mike
     
  15. Mike-AffiliateCloud

    Mike-AffiliateCloud Service Manager Service Manager affiliate

    50
    36
    18
    Great attitude Aviv.
     
  16. traged

    traged Affiliate affiliate

    136
    43
    28
    Cost per click (CPC) are costs of one click in average, "earnings per clicks (EPC)" are earnings per click in average - so CPC/EPC means exactly the same = the only things that matters = if you make more money then you invest :) Ah doesnt matter, this is just playing with words...

    Yes I have registered for both affiliate cloud and Lead Impact, curious to see such offers.
     
  17. Mike-AffiliateCloud

    Mike-AffiliateCloud Service Manager Service Manager affiliate

    50
    36
    18
    Yeah apologies for the confusion traged - my fault! Thanks for signing up
     
  18. Dr. Forum

    Dr. Forum Affiliate affiliate

    1,294
    393
    83
    It is a great share that you have done there. In most cases, we fail to make it because we are doing very many things a the same time. In so doing, you get mixed up in the whole scenarion and therefore wont be able to manage or make a lot. I will therefore stick to the fact of focussing on a single entity untill you make it. I am looking forward to improve myself through the above mentioned tips.
     
  19. traged

    traged Affiliate affiliate

    136
    43
    28
    Ok i was approved by Lead Impact - it looks quite strange. There are no allowed geos, no description of offers, no allowed/disallowed ways of promotion, nothing :)
     
  20. UpForIt Dating Offers

    UpForIt Dating Offers Affiliate Manager Affiliate Manager affiliate

    162
    30
    28
  21. PaltiNet

    PaltiNet Service Manager Service Manager affiliate

    30
    4
    8
    People let give him chance to answer
    I tried to reach him also
    And he will be back on Thursday

    I think those niches can Wark if you know how to scale it .

    "follow the white Rabbit "
     

Top Resources

MI