Is a full-time income possible online?
I’ve received a few inquiries about whether or not it is really possible to generate enough income online to be able to quit a full-time job. Let’s take a closer look at this question.
First, you need to consider how much you are making per month/year. Let’s go with a yearly income of $30,000. This would make your monthly income approximately $2,500 …(30,000 divided by 12 months). That means you would need to generate enough sales in order to make up that amount each month.
Based on our mock scenario above, let’s put together a plan that can be implemented to begin generating income to move towards our goal of quitting our day jobs.
We need $2,500 each month to meet our goal, so what do we need next. Well, something to sell and a site to sell it through. So we decide to go through clickbank.com to find products to market.
How many products? Ah, now there’s the magic question. You need to choose a minimum commission that you are willing to work for. Let’s say you want a commission of $50 for every sale you generate.
Ok, now for some math. If you are making $50 commissions for every sale, you will need to make 50 sales each month from your site to meet your goal. Is this doable? Well, yes…but it will take quite some time to build up enough daily traffic to make it happen.
So what would I do? I would build 10 sites. Each site would be marketing a different product with a commission of $50 per sale, per site. That breaks down to 5 sales per month, per site. That’s more realistic with it comes to putting together a plan.
So in answering the question of whether or not a full-time income is possible through affiliate marketing…given the example above, the answer is yes.
I wouldn’t attempt to build a business with only a single site. The more sites you have, the more you will make. Start with 5 or even 10 sites. Find good products that are hot and offer a good commission. After you begin to generate a steady income from them, build more. Continue this process until you have the desired income and keep marketing the sites. As long as you continue to drive traffic to your sites, you will have the opportunity of generating sales.
I hope this answers the question for those who asked and I hope this helps anyone who is trying to form a plan to begin their own online business.
Take care for now,
Rick