For most, having a passive income that takes care of their monthly bills is a dream. This kind of income would free up time, allowing one to focus on building long-term wealth.
Understanding The Average Monthly Salary
To determine an average monthly salary, let’s consider data from five countries: USA, UK, Canada, Australia, and New Zealand. Here’s a breakdown:
- USA: $4,629 USD
- UK: £1,950 GBP (or roughly $2,431 USD)
- Canada: $6,000 CAD (around $4,393 USD)
- Australia: $6,650 AUD (equivalent to about $4,246 USD)
- New Zealand: $8,200 NZD (translates to approximately $4,827 USD).
Please note that these numbers are for 2023 and the exchange rates are as of September 11th, 2023.
Averaging these amounts, we get $4,105.2 USD. But considering fluctuations in exchange rates, let’s round up to an average monthly salary of $4,500 USD. With a buffer, we can consider $5,000 USD as a decent monthly income, which should cover most people’s living costs globally. While this might not be luxurious, it will definitely offer a level of freedom from regular employment, allowing one to focus on growing additional income sources.
About Wealthy Affiliate’s Program
I’ve recently begun promoting the Wealthy Affiliate platform. If you’re considering it, I recommend joining as a paid member first to familiarize yourself with the platform. It can seem insincere to vouch for something you’re not using.
In my opinion, Wealthy Affiliate stands out as a top-tier affiliate training platform, providing essential tools and resources. They offer three membership tiers:
- Premium: $49/month
- Premium Plus: $99/month
- Special tier: Dedicated server (ideal for top-tier affiliates).
Start with their free trial – no credit card needed. Once you see the value, you might consider the Premium or Premium Plus options, both of which have discounted yearly rates.
My blog is hosted on Wealthy Affiliate servers. While building this blog, I also promote their affiliate program.
It’s viable to generate over $5,000 monthly by just promoting Wealthy Affiliate. Let’s dive into the specifics of how many sales you’d need at each membership level to achieve this.
Earning With Premium Memberships
For each Premium Membership sale, you pocket a commission of $23.50 every month, as long as the member stays active. So, to make $5,000 a month, you’d need about 213 people subscribing to this membership. Your progress speed towards this goal is tied to your marketing skills. Heck, even if it’s a 3-year journey, trust me, the end reward is pretty sweet.
Premium Plus Membership Earnings
Opting for the Premium Plus Membership? Each sale here gets you a monthly commission of $46.50. To hit that $5,000 benchmark, you’d need about 108 people on board. Just as with the Premium Membership, how fast you reach this target depends on your marketing flair. And if it’s a marathon of 3 years, believe me, crossing the finish line feels amazing.
Mix And Match
Your promotional strategies will likely bring in a lot of free members. A handful of these will graduate to premium memberships, with a select few opting for the premium plus. Imagine you rope in 3,000 members and 150 go premium while 32 choose premium plus. Here’s the math:
- Premium Members: 150 x $23.50 = $3,525/month
- Premium Plus Members: 32 x $46.50 = $1,488/month
- Total: $5,013/month
With dedication, you can definitely establish a solid monthly passive income using Wealthy Affiliate. Yes, it demands effort, but the resources, training, and support you need? It’s all right there in the platform.
Is The Rat Race Really Worth It?
Let’s reflect. How many hours do you clock in at your job, just to keep up with bills? Most salaried jobs, well, they give just enough to get by till the next payday. It’s heartbreaking to see folks putting in 60-hour weeks, only to be left with minimal leisure time and money.
Is it the funds, or perhaps the lack of a promising opportunity, that’s got you anchored to your job?
Enter Wealthy Affiliate at just $49 a month, not only can you kickstart your very own affiliate marketing blog, but you also get to be part of the affiliate program. If you can set aside an hour daily for your blog, success is within reach. And the more time you invest, the quicker your income grows.
To put things in perspective, I pull 60-hour weeks in corporate security. Yet, I make time for my affiliate venture. Why? Because dreams, when chased, do come true.
Earnings With Wealthy Affiliate
Once someone jumps on board with Wealthy Affiliate and gives it a go, they usually stick around. They’re building their very own affiliate businesses, after all. This means you’re looking at a recurring commission, turning into a steady stream of passive income for you.
Ali’s Nuggets Of Wisdom
I once worked with Ali, a fellow security officer. Despite working the same long 12-hour shifts as I did, he never missed a day at the gym. That’s 60 hours of work and still, every evening, he’d be pumping iron.
One day, I asked, “Ali, how do you do it? How do you still have energy after such long shifts?” He just smiled and said, “When you’re truly passionate about something, you’re never too tired for it. For me, that’s bodybuilding. I practically race to the gym after work.”
His words hit home. No matter how exhausted I am after my shift, I always find energy for my affiliate marketing gig. Instead of binge-watching on Netflix, I dive into the world of passive income. I devour YouTube videos on success stories, tune into inspiring podcasts, and even manage to squeeze in some reading on entrepreneurship.
Every day, I set aside at least an hour for my blog. My goal? Share what I’ve learned and hopefully, spark a flame in someone else. While I can’t push you into action, I can certainly share the tools and knowledge I’ve gathered. If you decide to take the leap, know that I’ll be right here, cheering you on and guiding you.
Affiliate marketing has kindled a fire in me, and Wealthy Affiliate is my ticket out of the daily grind. Maybe it could be yours too? Give it a look and see if it resonates with your dreams.
I have started on my journey towards creating financial freedom by building an affiliate marketing business using Wealthy Affiliate.
This blog is constructed using the knowledge that I have gained at Wealthy Affiliate and it is also hosted on their severs. I have found it really easy to create this self-hosted WordPress blog using the automated tools provided at Wealthy Affiliate.
“I may earn commissions as an affiliate from sponsored links within this post”