Chris's Success Story
This online business success story is about Chris, who has been a Wealthy Affiliate member since 2017. Chris has completed the WA Challenge in only five months into the current year and is a super affiliate marketing success!
This success is not Chris's first year at succeeding with the super affiliate challenge. He had hoped this year to be the first member to accomplish but was not able to outpace another successful member.
Chris does offer advice for those members who are Las Vegas hopefuls. That is to follow Kyles (Wealthy Affiliate co-founder) training exactly. Don't deviate. Most of all, do not get distracted. It's super easy to get off track.
In Chris's opinion, the easiest way to succeed is to add content to your website. In other words, blog, blog, and then blog some more!
Google cannot rank content that does not exist.
Before getting started with affiliate marketing, Chris had a full-time job which paid reasonably well. But then their son Benji was born, and they were thrilled when this little bundle of joy entered their world.
However, Chris and his wife decided that she would quit her full-time job of eight-plus years. She wanted to be a full-time stay-at-home mom and care for their new son.
As a couple, they build a lifestyle based on two full-time incomes. Now, as a family, they had to get used to living on only one income, and to figure this out fast!
Chris tried several different things, including a YouTube channel, moonlighting as a DJ on weekends, and other odds and ends.
Unfortunately, none of these extra jobs brought in enough income. They also required too much time away from his family. It was time spent in addition to his regular full-time job.
Long story, short, Chris stumbled up affiliate marketing.
Chris learned that affiliate marketing took some time to cultivate. Once up and running, though, the opportunities were unlimited.
One sentence he read that changed his life forever was: "You can make a full-time income on only one site!"
Chris is the CEO of a Company
In another blog post, Chris writes that he finally quit his nine-to-five day job. The income from his side-hustle was more than his day job, and it was becoming a waste of time to go to work.
Chris had reached this point with his new business, working only 15 to 20 hours per week.
Quitting his day job though was still a hard decision to make. But it was the only way he could begin to scale his new business.
For those who are working toward this goal, Chris offers some advice he followed:
- 1Layout a Budget - This seems simple enough? Sit down and list every dollar you owe to somebody. It could be a mortgage, school loans, credit cards, auto loans, hospital bills, etc.. You need a number that allows you to maintain your current lifestyle. Secondly, find out your survival number. If you lost your job today, how much income would you need to survive? These numbers will help you know whether your new business can support your family.
- 2Get rid of bad debt. Chris's preference is to pay off any high-interest credit card debt, student loans, or personal loans. His cutoff is to pay off anything with more than a 4 percent interest rate.
- 3Build-up an Emergency Fund - Typically this is a three to six-month fund based on your survival number. You need this to continue paying bills if your new business stops generating revenue. Chris was a bit conservative and built up a nest egg of eight to twelve months.
- 4Talk with those who have done it already, especially fellow affiliate marketing members. You can learn from their mistakes and copy their success.
- 5Decide how stable your new income is - How long have you been earning at this level? Balance this with the fact that there are no guarantees in life. Your new income stream could dry up overnight. People also get fired from their employer's job without any warning. You could also get in a car accident and not be able to work anymore.
- 6Realize that you are worth more than the hourly rate you are getting paid from your employer. Your new business will allow you to be paid based on the value you create.
- 7Build up your new business while working your regular day job. A new company takes time, and this is especially true with affiliate marketing.
- 8Make the Leap of Faith - If your ducks are in a row, it's time to move on. No risk, no reward. With the internet economy, it is easy to start a new business with minimal capital requirements. It may not always be like this.
Chris is a firm believer that affiliate marketing works! It does.
You can read more about Chris and his affiliate marketing success at LAS VEGAS 2020 - Super Affiliate Challenge COMPLETE!