Wealthy Affiliate Challenge - How Long To Make $1000 A Month?

Wealthy Affiliate Challenge 2.0

A Better Challenge...

Hi my name is Richard Penfold, and this site is about sharing what online activities earn me money.

Specifically so those interested can copy and achieve similar (hopefully better) results...

All based on simple daily actions that steadily grow your business, your skills ...YOU.


Richard Penfold taking the Wealthy Affiliate Challenge

Strategy...

Earl Nightingale famously states that money comes in direct proportion to the service provided and that the value has to come first.

So the focus of my attention is going to be on ways I can add more value for people.

This in turn will force me to develop my skills and likely push me outside of my comfort zone (YIKES!).

Step 1 Is to realize that my success is dependent on my mindset
so I'll need to develop my success habits.

Step 2 Is to gain clarity of my goal.

Step 3 Follow a PROVEN PLAN for it's attainment with mindset
conditioning built in.

Step 4 Take ACTION

Step 5 Review Revise (if needed) Repeat

My goal reads as follows:-

By 1st July 2018 I have mastered the system for profitably promoting any product or service I want... 
And as proof of it's success we are now earning in excess of $5,000 per month in recurring commissions.

Proven plan is to leverage other peoples products and services as a partner / affiliate using a promotion system centered around email marketing with a combination of paid and free traffic sources.

Can I learn to make money online following the WA training

The goal is to learn affiliate marketing the Wealthy Affiliate way and to document and demonstrate that through this website.

Financially to earn over $1,000 per month profit from the WA affiliate program alone (other revenue does not count toward this goal).

The only change I've made to my original rules is that I do use paid traffic sources as well as search engine optimization. I like the speed of using paid traffic (specifically Bing PPC).

I've recorded my results here (infrequently I'm afraid) and journaled thoughts and discoveries here...

Update Oct 2016: I had rather gone AWOL from this site and challenge and want to reinvigorate my efforts.

I plan to do this by setting myself short term action goals (which I have full control over) which take me towards my goal.

Very much Tony Robbins  "The Ultimate Success Formula"​.

(Set 11th Oct 2016)

1. List Building. Build my list to 5000 subscribers (293 11th Oct 16)

2. Help my subscribers more (not sure how to measure this but I wanted it listed)

3. Test and implement a new list building idea (will document as progress)

4. Write product reviews for 3 additional products that I like and use.

5. Journal my actions, process, and results consistently within a period I can live with (less than 2 years - probably bi-weekly).

I have left my original challenge idea's below...

Original challenge (Aug 2014): The site is going to journal my efforts to take a new site from zero to making $1,000 per month in as long as it takes…

Hopefully 90 days, but we’ll see. (update Nov 2014 – 90 days? yeah right. Links to my results and journal entries can be found at the bottom of this page… here)

The objectives apart from the extra cash, are to…

  • Push myself a little out of my comfort zone
  • Improve my productivity
  • Follow the Wealthy Affiliate Training
  • Develop a repeatable content marketing system that plays to my strengths
  • Learn some new stuff
  • Have fun
  • And hopefully provide a resource that can help others to replicate the successful elements and avoid the mistakes

I want to journal both my goals and actions, noting what I do how long it takes and what works and what doesn’t.

I plan to record good and bad.

Update 28th July

I’ve added a video below as an intro to my challenge as I have now created aWealthy Affiliate Challenge YouTube Channel which I plan to use to further promote the site.

WA Challenge Intro…

I’ve no doubt that the site can make in advance of $1k per month but I have no idea how long it’ll take to get there.

We’ll see…

There’s really only one rule. No paid traffic.

All traffic and visitors to come from my efforts in generating and syndicating content.

Revenue is to come from affiliate commissions earned by referring people to Wealthy Affiliate.

I chose WA because I feel it represents the best value, least hype, training and services the Internet has to offer (more on WA later).

For the record I started on Saturday July 12th.

Challenge Goals

1. Amount of money I’d be happy with the site earning $1k month.

2. As above but ecstatic… $5k month.

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