When you're running a business from your home, many of the expenses you incur can become tax deductions for you. The computer, software, tools, hosting fees, and so on can all become tax deductions. Devote part of your house solely to your affiliate marketing business? Deduct a portion of your rent, heating, mortgage, electricity, or other bills. But be sure to check out Article 18 for details. We love our Uncle Sam, but anytime we can keep more of our money in our pockets rather than give it to the IRS, it's a good thing!
Despite what you may have read on the internet from recognized gurus selling their latest magic affiliate moneymaking course, becoming an affiliate marketer isn't a get-rich-quick scheme. It's a solid get-rich-slowly plan. We're not talking glacial slow, like building a traditional business, which may take years. We're talking about three to eight months of steady effort on your part before you start to see results. If you keep building your site, increasing its authority, collecting emails, and serving your visitors' needs, your income will grow. If you've set up a firm foundation with your website, email list, and so on, you have developed a business that will keep generating income year after year.
Some affiliate marketers with established sites say the tasks to maintain their site and continue earning money only take them two hours a week. They may be coasting now, but trust us -- they worked pretty darn hard and diligently for those first three to eight months. Coauthor Ted is still getting paid for affiliate programs he worked like a beaver on ten years ago. When people ask him if he's making any money from that affiliate marketing plan, he likes to respond, "I'm still making money from it!"
Pick a niche you are interested in. Picking a topic and niche you have an interest in is vital so you can sustain the effort. Choose an area in which you can continue researching, writing posts, and answering your audience's needs for three to eight months. If you can't sustain that effort because you chose a niche just because you thought it would earn you money, you'll quit before you see results. That would be a shame, because you may be quitting before results start coming in. (See Article 8 for more about niche marketing.)
Make a commitment. Make that commitment to work diligently on your affiliate marketing business following the blueprint of information in this Article. Of course, we all have days where we are frustrated or feel this isn't going to work. Don't worry -- the sun will come out tomorrow, and results may start coming in any day. Coauthor Ted still remembers the day that his first affiliate marketing commission came in. He says, "I think it was only about 50 cents. But I was overjoyed -- I almost shouted `This thing really works!'"
Make lemonade out of lemons. Even if you've given it the eight-month college try and things haven't turned out the way you expected, it's not all bleak. Maybe you find that you hate writing about the niche you have chosen and can't drag yourself to write another post after the eight months are up. Or maybe your assumptions about the niche just didn't prove to be true, and it never became profitable. All is not lost. You didn't risk thousands of dollars as you would have trying to start a traditional business that didn't prove profitable. You learned a great deal, and all you have to do now is apply what you have learned to another niche.
If the site is generating a modest amount of money, you may be satisfied to just keep it up on the internet, earning money. Go build another website in another niche. Or you may decide to sell it. There are many sites on the web where people sell websites from a few dollars to a few thousand dollars. Coauthor Ted has taken websites that didn't perform as he expected and sold them at prices that varied from a few hundred to a few thousand dollars on sites like Flippa (www.flippa.com). So how can you fail? You win both ways.