You need to understand:
- How much money you need to survive,
- How much money you need to live.
- How much money you really need.
The first thing you need to understand is how much money do you need for living expenses and training expenses while you are undertaking the task to become an affiliate marketer.
You need to live. Do you have a steady stream of income, or other financial support such as a working spouse, or pension to help you out?
It will take time to learn and become successful at Internet marketing. Make sure that you have an independent source of income to keep you going until you learn the ropes.
You will also need money for training courses.
It is true that you can find everything you need to get you started on affiliate marketing on the web for free. But it is easier to buy some training and get involved in training/support communities to help you along.
You also have a choice. You can spend a modest amount of money for good training. Or, you can spend a lot of money for similar training.
The next thing to understand is how much money you need from affiliate marketing.
Do you need supplemental income, part-time income, or full time income. How much is that? What expenses do you need to cover? You need to make three lists.
The first list is the bare essentials required for living like rent, food, utilities, etc. Tally up the costs.
On the second list, tally up all of the expenses that is required to live your current life style.
On the third list, tally up the costs for your desired lifestyle. These lists will give you a feeling as to how much you need to make from affiliate marketing.
There is one final maxim: You will always need more money than you think you need.
It will take longer to get to full-time income than you think, so you need to make sure that you have enough survival cash or income to get you there.
In the three list you made, you have probably under estimated what you really need. More that likely you forgot something including taking into consideration emergencies. There is always some expense that you cannot foresee.
Understanding money is the second pillar of a successful decision. The other three pillars are time, advice and support.
Join one of these two groups to help you earn money and become successful at Internet marketing.
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