Most new affiliates will want to know their online business startup costs. But there really isn’t a hard and fast rule here. There’s lots of ways to do affiliate marketing on a shoestring budget.
However, it will generally take a lot longer to achieve success with affiliate marketing/online business if you take the free route. I started out affiliate marketing doing everything for free. It was huge struggle. The best thing I did for my affiliate business was to get help and support and access an affiliate marketing mentor.
The free route means you’ll need to create content and leverage social media channels in order to get traffic. See how to get traffic to your website free. But at the least you should build a website and get an autoresponder. Otherwise you’re in for a very difficult time. Free blog platforms do allow affiliate links and can be used. But it can take a long time to gain traction and you’ll likely be doing a lot of work for nothing.
A website domain name can be purchased for less than $10 and hosting costs less than $10 a month. An autoresponder is around $10 a month but this one offers a free first month. Then it will cost $10 a month, rising as you get more subscribers on your email list. But more emails means more sales if you’re doing things right, so your affiliate business should bear this cost as you progress.
Affiliate Marketing Startup Costs – A System For Selling + Help & Support
One of the best investments I made was in training, support and the purchase of a ready made business system. The Mentors All In program covers all aspects of building an online affiliate business:
- Training and support – mentors and coaches
- live webinars,
- recordings,
- setup your sales funnel,
- step by step modules
- A range of products you can sell
An online business can be built in several different ways too. You can use other people’s products and services and work as an affiliate. There’s direct selling where you act as a third party and forward products to customers you have found. You can also sell your own skill with a marketing agency, work for yourself online in some respect or use more than one strategy.
See this series of training videos which will explain the different models available for online businesses.
The Mentors All In program costs $99 and then is $99 a month. It includes a range of products you can sell and a step by step setting up system to help you build your funnel.
Online Business Startup Costs – High Ticket Products
Once you’ve accessed the business system you’ll have a range of products to sell online. But you can also add more products to your digital “shop front” if you purchase them. High ticket products can allow you to earn more per sale and depending on your investment level, you can earn up to 30% on products ranging from $100 to $20,000.
With a greater investment you can access the larger commissions. This in turn can give you more options in terms of marketing your online business. There’s many ways to market your sales funnel, once you’ve built it. Paid marketing is the fastest method however. With a high ticket sales funnel, you can more easily recoup your marketing spend and become profitable. With lower value products to sell, it can be more difficult to use paid marketing because the commissions are so much lower.
Have a look at the different affiliate marketing commission rates. For example, Amazon typically pays affiliates between 1%-11% commissions on sales you make. So you’ll need to sell in bulk in order to make it profitable. With a high ticket sales funnel, you can still sell in large amounts, but you don’t need as many customers in order to be profitable.
Investing In Yourself & Your Business Online
If you’re serious about building a long term business online, you can invest at much higher levels. This will give you more access to fast track training, mentors and coaching. You’ll also maximise the potential of your sales funnel by getting the largest commission structures available through an affiliate business. Here’s the run down of the commission structure and the cost of the training for the Ultimate Startup Bundle Platinum.
To access the program simple join Mentors through the Mentors All In package and upgrade through your dashboard once you get access.
As you can see, in tier 1 you can earn a $4000 commission by selling the Ultimate startup bundle. Tier 2 means you can earn commissions from sales made by your referrals. See multi tier affiliate program for details.
