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Re:I made $622,322.96 in 2009 from affiliate marketing. by axod on Monday February 08, 2010 @07:35AM (#1109584)
http://www.sitepoint.com/forums/showthread.php?t=345974# is also a good read. This is from a few years back, but he was getting £100K+/month, mainly from PPC in the UK.

It's fairly easy to find a niche and iterate until profitable. However, it can all go horribly wrong as well.

Re:I made $622,322.96 in 2009 from affiliate marketing. by sadiq on Monday February 08, 2010 @12:13PM (#1110120)
A quick investigation of his company's published accounts for 2008 say he's actually making even better money now than he was back then.

Interesting.

Re:I made $622,322.96 in 2009 from affiliate marketing. by axod on Monday February 08, 2010 @12:20PM (#1110139)
I'm sure he is. Most of it is PPC...

eg

Find a good niche - say "order flowers online"

Find all the best keywords on Google

Setup landing pages if needed, or just send direct to affiliates.

Profit from the commissions

Re:I made $622,322.96 in 2009 from affiliate marketing. by Timothee on Monday February 08, 2010 @01:01PM (#1110233)
How horribly wrong can it go? Do you mean spend a lot of time for barely any return, or actually losing a lot of money?

If the latter, how so?

Re:I made $622,322.96 in 2009 from affiliate marketing. by axod on Monday February 08, 2010 @02:09PM (#1110398)
If you're doing PPC type things, then generally you have to pay your advertising bill reasonably quickly. But you may have to wait months for revenue from affiliate networks.

Also it's not unknown of for leads/sales to be disputed later on, or be reversed, or advertisers to go under, or affiliate networks to go under.

Also if you're paying for traffic in the hope of directing it to affiliate links, those affiliate links may be down/broken/messed up in other ways. So you have to be pretty sure everything is working exactly as it should be, especially if you're spending a lot on traffic.