How Much Money Do You Need To Start Affiliate Marketing?

How Much Money Do You Need To Start Affiliate Marketing?

According to Google Trend, people interest in affiliate marketing has reached an all-time high recently:

Public Interest Toward Affiliate Marketing, as seen on Google Trend
Public Interest Toward Affiliate Marketing, as seen on Google Trend

This isn’t surprising to me because affiliate marketing has been a lucrative and beginner-friendly way to make money online with extremely low barrier entry.

Especially during this COVID-19 virus pandemic where hundreds of millions of people losing their jobs, everybody desperately looks for a way to create a second income source online because they finally realize that only relying on a single income source (9~5 job) is the worst idea.

When you read this sentence, I assumed you already know how affiliate marketing works, so I won’t spend much time explaining the whole concept of the business model.

In this article, I will be focused on telling you how much it will cost you to start an affiliate marketing business. 

I’m sure that’s the only thing you are looking for, right? Let’s get started with quick navigation of contents first…

Table of Contents

Technically, Affiliate Marketing Doesn't Cost Any Money!

Chances are, you have come across many excellent step-by-step guides that teach you how to do Affiliate Marketing, but most of them require to have a blog/website.

Well, it’s true that if you want to build a successful business in the long run, you need a website, but it’s not necessary. 

There are still have people utilizing free platforms like YouTube, Facebook, and podcasts to start their affiliate careers. 

You could choose the channel that suits you and produce informative content tied to your affiliate offer.

Related: Secret Tips To Make Money With Affiliate Marketing Without A Website

While it’s possible to get started with affiliate marketing at virtually ZERO cost with those free platforms, you have to understand you are just “renting” other people’s space. 

Hence, you are obliged by their rules and regulation to produce your content and promote your affiliate offers appropriately. They could shut down your account anytime if you violated their policy.

That’s why I prefer doing affiliate marketing with bloggingWith a blog, you have complete control over your business. You’re the boss who sets the rules of how you are going to promote the products.

Furthermore, running a blog is like building an online real estate that grows in value and can be sold later. 

Sometimes, you can easily sell an affiliate website on Flippa for anything up to 40x its average monthly income!

And the best part is that you don’t need to make a big chunk of financial investment running an affiliate marketing blog.

Often successful affiliate marketers could grow their business to 6 or even 7 figures per year with less than $2000 annual maintenance fee.

With all these in mind, let’s see the necessary and optional tools that you will need to run a profitable affiliate marketing blog.

The Ideal Tools To Build Your Personal Brand

Necessary 

#1: Domain Name + Web Hosting

A domain name is your website address. For instance, LifeGoalFinisher.com is the domain name of my website. People need to know my domain name before they can visit my website. 

The concept is like your friends must know your home address before they can visit your house.

If you use SiteRubix, you can build 2 subdomain websites for completely FREE for 6 months.

Besides, the 4 core reasons why I recommend SiteRubix are included:

i. Powerful Website Builder

You can quickly build a profit-ready WordPress website within minutes with just a few simple clicks, and no coding is required.

ii. 24/7 Customer Support

If your site runs into any technical issues, you can easily get help within minutes because SiteRubix has a 24/7 technical support team on standby.

iii. Long Free Trial

I guess SiteRubix’s 6-month free trial it’s more than enough time to decide whether you are serious about your business or not.

iv. Useful Tools

They offer a couple of useful tools for FREE to help optimize your website, viz:

  • SiteSpeed – To speed up your website.
  • SiteSSL – To secure your website.
  • SiteProtection – To protect your website against spam.
👇Build Your Profit-ready Website In Minutes With SiteRubix👇

#2: Autoresponder/Email Service Provider

An email service provider (ESP), which also known as an autoresponder, is a tool that allows you to collect people’s email for following up and promote them cool stuff with Email Marketing.

There are many ESP in the market, with ConvertKit being one of the most common and popular ones. This is what I use to build my mailing list, email sequences, and newsletter.

#3: Google Analytics

Google Analytics
Inevitably, no matter what online business you are in, you need Google Analytics! It’s the most outstanding free tool provided by Google to track your website performance and statistics.
 
Without it, you are basically running your internet business blindly by not knowing things you could improve on your website for better outcomes.

#4: Google Search Console

Google Search Console
Google Search Console

Google Analytics and Google Search Console serve different purposes.

The former is to let you understand your audiences better by tracking the data related to those who interacted with your website. 

On the other hand, Google Search Console is a tool that allows you to track your website’s performance on the search engine results page (i.e. how well your blog posts ranked on the search engines, the click-through-rate, total impressions, etc.).

Most people use Google Search Console for 3 main reasons:

  • Request indexing from Google every time they publish a new web page or blog post to get indexed faster.
  • Check for errors on their site.
  • Submit a Sitemap for Google to index their website more easily.

Just like Google Analytics, Google Search Console is the free tool that you must have as well. Or else, your website will take a longer time to get traction.

Optional

#1: Jaaxy Keyword Research Tool

Jaaxy is my preferred keyword research tool. It provides loads of helpful information about the seed keyword you entered and other related search queries, as shown in the figure below.

Jaaxy Search Results
Jaaxy Search Results

This tool saves me lots of time while conducting keyword research by providing me numerous long-tail keywords with a high search volume and low competition in a short period of time. 

Jaaxy does provide 30 free keyword searches daily, so if you think that the tool is useful, you can always upgrade to their premium plan later.

👇Feel Free To Give Jaaxy A Try👇

#2: Canva

Canva is the second-to-none FREE graphic design tool that allows you to create visual-appealing graphics. 

Canva
Using Canva to create featured image of this blog post.

In fact, the pictures and logo that I used for my website are entirely edited/designed with Canva.

It’s a newbie-friendly graphic design tool that every internet marketer and website owner should be using.​ And I guess you might know this fantastic tool very well. 

#3: Elementor Page Builder 

Elementor has boldly claimed themselves as “The World’s Leading WordPress Page Builder”. And guess what? I TOTALLY AGREED!

If you like the design of my website or my blog post’s layout, they are all designed with Elementor. 

I edit the blog post that you are reading right now with Elementor!
I edit the blog post that you are reading right now with Elementor!

I am not a tech-savvy. But with Elementor’s robust drag & drop editor, it simplified the process of designing a stunning website by eliminating all the guesswork involved in writing code.

Suppose you want to have total control over your website’s appearance, which can’t be done in WordPress editor, Elementor is a great tool that worth your investment.

Your Estimated Expenditure For The First 6 Months

Domain Name + Web Hosting + ConvertKit + Jaaxy Keyword Research Tool + Canva + Elementor

= Free + Free for 6 months + Free for the first 500 email subscribers + Free 30 daily keyword searches + Free + $49/year

= $49 = $8.17/month = $0.27/day

As you can see from the expenditure breakdown above, it clearly shows you that starting an online business is way affordable than you could ever imagine – $0.27/day for the first 6 months, this cost is even cheaper than a cup of Starbucks coffee!

Compared to the traditional “brick and mortar” business, starting an online business is a better choice for a beginner who doesn’t want to risk all their savings. 

Even though the resources you get might be restricted, I think the tool listed above is enough for you just to get started and familiarize yourself with it.

You can always upgrade or purchase more advanced tools when your site starts getting traction to help it grows even faster.

So stop finding excuses, and start executing. The best way to gain experience is to learn by doing, not just reading.

Wrap Up

Kudos to you! You’ve just read 1600+ words and still counting. If you make it this far, I commend your commitment.

Meanwhile, I can also feel how serious you’re when it comes to making money with affiliate marketing.

Indeed, affiliate marketing is my first recommendation to all beginners for making money online because of the low risk and affordable startup cost involved.

Plus…

Affiliate marketing is not going to disappear. Because e-commerce is growing at a pace that no one can predict.

With the growth of e-commerce, Affiliate Marketing is going to expand as well.

If you want to hone this high-income skill with the right training, check out my top recommended Affiliate Marketing training here.

Rest assured, this training is:

  • 100% Risk-Free ➜ Free to get started
  • No hypes ➜ They’ll set you the right expectation toward affiliate marketing in the beginning.
  • Active community ➜ There are a lot of successful affiliate marketers in different markets ready to help you out.

You probably still hold a healthy dose of skepticism towards my top recommended training. 

No worries, as I said, they’re FREE to get started. 

You can leave anytime if you found the training didn’t suit you, with no commitment required.

So wait no more, click the “Learn More” button to discover my top recommended learning platform that can help you turn your passion into profits with Affiliate Marketing!

No BS Affiliate Marketing Training That Guides Me To Earn My First $1000 Online

Free To Get Started. No Commitment, No Risk, and No Credit Card Required

Zac Phua

Zac Phua

Phua is an internet business enthusiast who loves to talk about online business ideas, affiliate marketing tools, tips, and other sources of income available on the internet. He launched lifegoalfinisher.com and use it as a resource center where he can share his thoughts and experiences to benefit any newbie who wants to learn more about internet marketing.

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10 thoughts on “How Much Money Do You Need To Start Affiliate Marketing?”

  1. Hi there!

    I am really impressed by your website! All the information yo give here is really accurate! I enjoyed reading your post and the information you provide is great! I am a beginner in affiliate marketing and things like this really help set a path to know what I have to do for the future.

    Thanks a lot, great post!

  2. Hello there starting an online business is an idea that stays in the mind of eo many people and affiliate marketing is one that I love so much because you don’t have to have any required capital to start while you make money. I reply feel people can make good earnings per day if they put effort into it

    1. T.Harv Eker once said: “Where attention goes, energy flows and results show.”

      It’s true when you said that if someone willing to put in the effort in their affiliate marketing business, they have better their odd in acquiring success!

  3. Thank you so much for sharing this interesting informative article with everyone. The content of this article is about affiliate marketing to make money according to your needs and a specific plan on how to do it. Affiliate marketing is a must-have website, for any Affiliate, promoting any program. I myself am working on an affiliate program so that by doing keyword research I am able to reach any post at the desired level which is based on free jaaxy keyword tool. I really enjoyed reading your article and would like to share your article in my social media group to inform those who want to do an affiliate program so that everyone can work with the affiliate program and become self-reliant.

    1. It’s great to hear that you are doing well with affiliate marketing, my friend! And you are welcome to share my article on your social media accounts!

  4. Everybody who wants to start their online business should read this post. It’s true that you don’t have to invest a bunch of money in affiliating business and in the other hand, you even don’t have to possess any knowledge about doing it, there is platforms where you can step by step as totally beginner learn every single thing what will be useful in doing this job and monetizing it.  About start investing, you have to buy domain and it’s cheap and after that to pay for hosting your site but often you have a free trying period which is very important.

    1. You are right, my friend! You just recap the key points within my article and combined them with your personal experience. I think it would be beneficial to beginners!

  5. Hello there, Even if you plan onto doing some business, you need to have some investment for it but with affiliate marketing , you can start your business with no initial money needed. But for me I advice you have some cash as if you want the best and also faster response you need to I best a little.

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