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Before signing up to the program, I researched this question: how much can I make with Wealthy Affiliate? One reviewer, John Crestani, said ‘you’ll never become a millionaire with this.’ On the other hand, a really big focus for him is to sell his own course.
Kyle, a website expert and co-founder of Wealthy Affiliate says that with time and persistence a single website can allow you to quit your full time job and become truly wealthy; in fact, he says you can become a millionaire from one website.
People or students within the Wealthy Affiliate community who are Premium members are able to create 10 free websites as well as enjoy all the training and other benefits offered by the program.
To get an accurate idea of how much you can make from Wealthy Affiliate, here are some points to look at:
- Consider how website traffic works
- What are you selling?
- Consider the benefits of recurring commissions
- Combining free traffic with paid traffic
- Read the member’s success stories
Consider how Website Traffic Works
Wealthy Affiliate teaches people how to make money using a website, or several websites. Making sales is all about getting the right eyes on your offers. And of course, getting as many eyes on them as possible. To do this, you will need to take the time to build your site around the niche you have chosen. As it grows, people will start to find it on the search engines such as Google, Bing and Yahoo.
Kyle gives us the image of ‘trickle, stream, river,’ to explain how website traffic works. Your online business will start off as a trickle, with only a handful of visitors coming to your site every few weeks. But if you keep going with it, the trickle will widen into a stream, meaning a higher number of visitors and potential buyers on a regular basis.
Finally, as you progress, the stream will turn into a river, meaning that your earning potential from so much traffic would be well over the amount you could earn with the average full time job.
Let’s say your business was at the stage of becoming a river, with several thousand visitors regularly coming to your site and let’s say you got 3 referrals per day to Wealthy Affiliate, (assuming you were promoting it), you would make $200,000 in recurrent commissions in a single year!
What are you Selling?
The amount you make will depend on what you are selling and how much traffic you are currently getting to your website. Now you my have multiple websites, though I personally recommend creating only 1 website at least for the first few years; these things take time and work to grow. If you put your energy into 1 website, it will most likely turn out more profitable than several websites due to the amount of work you put into it.
I visited one site that was selling barbecue grills, many of them going for $1,000 to $2,000 a piece. Depending on how much commission generated per sale, the affiliate would only need to make a few sales a week to generate substantial income from this website.
Consider the Benefits of Recurring Commissions
Let’s say you are selling digital products and there is one for which you earn a 50% commission which is recurring (a lot of digital products offer a monthly subscription). If the product costs $100, you would only need to sell 40 of these to be earning $2,000 a month.
Perhaps some of these customers will upgrade to an annual or lifetime plan and some will cancel. But the point is, if your product is good and you continue to make sales, you will be able to upscale your business indefinitely, especially if you sell multiple products, and this is how you will really enjoy the benefits of passive income.
Combining Free Traffic with Paid Traffic
As you progress with sales from your website’s free traffic, you will be able to afford some paid traffic such as running ads. Microsoft/Bing Ads is one of the most affordable ways to do this. If you are making about $1,200 a month, you could use most of the $200 for your ad budget and begin to turn your monthly earnings into something like $1,400 or a lot more.
However, paid traffic is always more risky unless you have a lot of knowledge and experience. That is why I would recommend you rely more on free traffic, but use paid traffic as your backup.
Read the Member’s Success Stories
Within the Wealthy Affiliate online community, you have access to the success stories of other members on the platform. Some of these are very inspiring and encouraging to read. They talk about how they started off like you with hopes and dreams. They followed the instructions, they put the work in, and they made things happen.
Some super affiliates in WA are earning $10,000, $20,000, $50,000 while others are in the hundreds of thousands every single month. But a lot of these success stories have a very human touch; some are sharing the news of their site being ranked on Google.
Others are talking about their first online commission, while others talk about their first $100. If these people can go ahead and make success for themselves, so can you!