During the year, we at Potters Magical Money aim to review the Best Business Opportunities for 2020, with the aim of giving you a thorough, honest, insightful overview of the opportunity, the investment required in both money and hours and the training and support you will receive upon start-up.
Our first such Best Business Opportunity 2020 is the Wealthy Affiliate Marketing Platform, ideally suited to individuals who want to work-from-home.
Wealthy Affiliate (WA) is an all-inclusive affiliate marketing platform which allows you to set-up, maintain and grow your business online. The platform is for affiliate marketers from beginners to advanced and includes website design, hosting, extensive training and comprehensive support.
What is affiliate marketing?
To understand the business opportunity we are discussing, we must first explain what affiliate marketing is.
- Affiliate Marketing is the process of earning income every time you promote someone else’s products or services (usually online) . If you generate a sale for the company, you get paid. For a slightly more detailed explanation, take a look at our Affiliate Marketing vs Digital Marketing post.
But before we go any further, we need to make one thing clear because we want to be totally transparent with you. We are an affiliate for WA. This means that at no extra cost to you we will receive a commission should you sign up to premium membership. This statement might make you think that this review is biased and we would understand that, but our goal is to provide everyone who visits our websites with honest and accurate information.
You will find good and bad reviews on this very blog but we only recommend products and services that we have tried and found great value in and will refuse to promote products that are not good value, no matter what commission the product supplier is offering.
Now let’s get into what this business opportunity really is.
Wealthy Affiliate – Overview and Rating
Business Opportunity – Wealthy Affiliate Marketing Platform
Description – Work-From-Home based online business based around affiliate marketing
Investment/Price – Free initially – then just under £40 per month (depending upon exchange rate) + optional extra investment (not required)
Investment/Hours – Full or Part Time – 10 hrs per week minimum – 30+ hours per week recommended
Training – 9 out of 10
Support – 10 out of 10
Potters Magical Money Rating – 9.5 out of 10
Wealthy Affiliate – What is it?
Wealthy Affiliate is one of the most reputable and highest-rated resources to teach and host the setting-up and running of an online business based upon affiliate marketing.
This is not some wild money making scheme, easy system to riches or pyramid MLM scam. It is an online business community and a marketing training centre. The WA programme trains and supports you in affiliate marketing and hosts your niche online business. If you are considering starting and running a successful online business, then please keep reading.
Wealthy Affiliate started from the humble beginning of being a niche keyword supplier but has vastly improved to what it has become today, a place to learn, build and communicate with other members and the co-owners.
Some of the things you will find on the Wealthy Affiliate’s Platform are:
- An easy to use Website platform for hosting plus some domain purchase options.
- A comprehensive website content management platform built around WordPress
- A wide range of training modules to cover all aspects of website creation and affiliate marketing
- Weekly live classes including the latest social media integration techniques
- Market leading proprietary keyword and research platform
- Excellent Communication platforms for feedback & engagement with owners and other members
Wealthy Affiliate – Who is it for?
We must admit that WA is not a perfect choice for everyone. Wealthy Affiliate teaches people how to build an online business and/or how to expand that business, taking it to the next level. Otherwise, in one word, it teaches you marketing, or more specifically Affiliate Marketing. If you aren’t willing to learn and to take action, then the whole concept of making money online isn’t for you. But who can really benefit from this programme? The answer is people from all walks of life: –
- Individuals who want to make an extra income to supplement their salary.
- Stay at home moms and dads who have some free time and are willing to spend it in front of the computer.
- Students who want to make money to help them pay for their living expenses etc., whilst at university.
- Business owners and eCommerce owners who want to get more visibility and more sales online.
- Retired folks who have free time and want to supplement their pension.
- People who are fed up of 9-to-5 and want to start their own business. Many Wealthy Affiliate members have been able to quit their day job and do online marketing full time.
- Worldwide Travellers – people who want to be able to live anywhere in the world because they’re making money on the internet and are not attached to a physical location.
As you can see, WA is good choice for everyone who is seeking to earn money from home, however you must understand that you will have to invest your time and effort in order to make it work. This program will teach you how to build a business, but any business, online or offline requires an investment of time, effort and usually some money.
The big difference between starting an online business instead of a traditional brick and mortar business is that you do not need start-up capital to get started online. You do not even need any money to join Wealthy Affiliate. The basic free membership gives you all you need to get started, including a free hosted website, training and all the initial support you will need.
Wealthy Affiliate – Is it a Scam? Can I make Money?
If you think that you will start making money by simply joining WA, we would suggest you walk away, it’s not going to happen. This is probably the biggest difference between WA and most of the other online programs. Wealthy Affiliate does not sell hype and false promises, it doesn’t promise to make you rich overnight and it doesn’t promise you a shortcut to a successful business.
Frequent questions from new WA members and people who haven’t joined yet are “What is the earning potential with Wealthy Affiliate? and How much money can I really make in a year?”. There is no specific answer to these questions. Some people will make a few pounds a month, whilst a few will make £100,000+ per month.
Although there is no exact answer to these questions, what we can tell you is the amount of money you can earn is directly related to what you do and how you do it. The individuals who are highly successful have one thing in common, they followed the training to the dot and they took action and invested effort. Learning how to do something is great but you need to apply this knowledge in order to actually start earning.
Don’t take this statement as a rule but if you do go through WA training and build your business the way WA teaches you, we don’t see why you can’t make £5,000+ in your first year and then exponentially more in the years that follow.
Most beginner internet marketers fail online because they do not follow a plan of action, get distracted by new shiny products that promise millions overnight and / or do not take enough action. Wealthy Affiliate will help you with all of this, by providing you with a realistic plan of action, training courses that you need to follow and tasks you need to complete. Stay focused and you will be successful.
Want to try it? Are you ready? If so, join for free now, otherwise continue reading if your not yet convinced and find out about the bonuses that are available by joining through Potters Magical Money.
Wealthy Affiliate – How much does it cost (Time & Money)?
Firstly lets explain that the platform is owned and run by two Canadians (Kyle and Carson). All payments are processed in American Dollars and therefore my figures mentioned in pounds here are always estimates because of the variation in exchange rates etc. In a normal average economy this should make little difference, but you should be aware of the possibilities of a variance.
There are 3 membership levels within Wealthy Affiliate. The basic starter membership is free and will always remain that way. This is really awesome because you can join without spending a single penny, look around, meet some people, create your own websites (hosting included) and see how it goes.
If you love it, like we do here at Potters Magical Money, you will join premium for even more benefits. Premium membership has a cost of just under £40 ($49 per month) , with an introduction offer (if you join in 7 days) of under £15 ($19) for the first month. There is also a yearly offer which works out at only around £24 ($30) per month.
Finally there is the premium-plus membership for a cost of £99 a month. In our opinion, this membership level is not really for beginners and is not required to be able to set-up a successful affiliate marketing business. It is more to grow your business once you are established, therefore we haven’t gone into detail of this membership level in this article.
You can still start to build an online business using your free starter membership, no strings attached. This alone makes WA so much better than any other program or opportunity. There is no risk of losing money to something that might not work. Put your credit card away and get a free membership!
What you get with your free Basic starter membership:
- Immediate Access to 3 classrooms with over 30 videos
- A free website along with free hosting
- Live support from the owners for the first 7 days and support from many experts inside WA!
- 30 keyword searches a month using a leading industry recognised product
- Phase 1 of the Boot camp course, teaching you how to build a WA website such as Potters Magical Money.
What you get with your Premium membership:
- Live Video Classes
- Access to over 500 training modules
- 10 free websites along with free hosting
- Comprehensive Website Backup and Website Security Package
- Access to all 13 classrooms including all phases of the Bootcamp course
- Unlimited Live support from the owners and support from many experts inside WA!
- Unlimited keyword searches
- Private access to 1-to-1 support from Potters Magical Money
- … and much much more!
The most valuable benefits of Wealthy Affiliate, in our opinion, are the step-by-step approach to building a business and the support from Kyle, Carson and many expert members. Most other online programs are lacking the support and the clear action plan. We have tried and tested lots of different programs over many years and nothing comes close to the quality of WA.
With regards to time it is important to re-iterate the amount of money you can earn is directly related to what you do and how you do it. The individuals who are highly successful have followed the training to the dot, took action and invested effort.
Whilst I have stated in the overview that the minimum amount of time required is 10 hours and the recommended is 30 hours per week, it should be common sense that the more productive time and effort you put in will result in the more successful that you will be. As an example, a comprehensive blog post such as this one will take the average beginner 8 hours to research and write, and to be reasonably successful you will need to be posting 3 or 4 times per week.
Ready to begin yet?, join for free now. If not, continue reading right to the end and find out about the bonuses we offer by joining through Potters Magical Money.
Wealthy Affiliate – What’s included (Training and Support)?
This part of Wealthy Affiliate has become one of our favourites.
The key benefits of Wealthy Affiliate are the step-by-step approach in training to building a business and then the vast amount of courses and videos available in the online classrooms. WA is unique in the way that it encourages its experienced members (with rewards) to promote their own training material across the community and thereby the amount of tutorials and videos is constantly increasing. Up-to-date material is frequently becoming available.
Every single week WA offers at least one live video class where you can learn something very specific. During this video class you also get access to live chat where you can ask questions and communicate with other members. These live classes focus on different subjects that are relevant and important today.
One of the reasons Potters Magical Money is still a member of WA is because we are able to keep on learning new information. The video classes are also recorded and available for replay whenever you want to watch them. There are now well over 500 training videos available.
Take a look at one of the beginners training lessons (below) for a taste of what you will be getting.
The community aspect is also something that we really love and something other programmes fail to provide. If you have difficulty with anything in the process, many members will able to help you instantly in WA Live Chat or on the question and answer boards. However, what we love most is that the members share their ideas, experiences and successes. The opportunity to learn from other people’s mistakes and brainstorm with the community is invaluable!
Whenever we need an opinion on a new website we are creating or a new article we are writing, WA members are always there to help. The whole feel of an active helpful community is simply amazing and Wealthy Affiliate is the only place where we have found such experience.
There are many other online forums and programmes that talk about making money online but whenever you ask a simple question many users will reply with: “Mate, this stupid question has been asked many times before – just google it!”. You will not get this kind of reply from the WA community.
Wealthy Affiliate is a learning centre so there are no stupid questions. Every question is important and members, experts and even the owners will try to answer it as well as they can.
However if initially you do not feel comfortable asking a question (don’t be shy, just ask!) you could simply search through the resources and questions other people have asked. We can almost guarantee you will find your answer within minutes.
Wealthy Affiliate – Pro’s and Con’s
- Clear Plan of Action
- All levels of training – Beginner and Advanced
- Video training, Step-by-step Tutorials and Courses
- 10,000′s of active community members
- 13 Full, Interactive categorised Classrooms with tasks to complete
- Live & Interactive Help from owners and expert members
- Free Easy-to-Build Website (10 with premium)
- State of the Art Website build facilities
- Market Leading free Hosting with SSL, WHOis and email included)
- A strict spam free environment.
- $0 Membership initially with No up-sells, ever. (except Premium and premium-plus, of course)
- Too much information that can be overwhelming. Although WA has a great step-by-step training, it’s easy to get distracted.
- Live Chat is addictive, taking away time that we could spend working.
- Not allowed to advertise/sell within WA. (This should be a warning for spammers who want to join WA just so they could try to sell something).
- Starter membership is great for beginners however an upgrade to paid premium is highly suggested in order to access advanced training and to succeed.
- High degree of drop-outs. WA openly advertises it’s recruitment and retention rates with 1 in 8 members transferring from basic to premium and the average premium member being between 4 and 6 months. This is usually because of 1 of 2 reasons. New members thought they were getting involved in a get rich quick scheme … you are NOT!. or members move on once they have completed most of their training and set-up their business to cheaper hosting solutions etc. Personally we don’t see the need to move away from WA, because the training is always being updated with the latest technologies etc. and you have the option with their excellent internal affiliate marketing scheme, where you only need to recruit and retain 2 other members to basically cover your own membership cost.
Wealthy Affiliate – Potters Magical Money Conclusions
Although Wealthy Affiliate will teach you different marketing strategies that are very helpful for any kind of business, they do concentrate on affiliate marketing. This is where you get paid a commission whenever someone buys a product or service that you recommend. Most medium to large companies offer affiliate programs (Amazon, eBay, travel companies, credit card companies, etc.).
Since more and more people buy things online instead of going to traditional stores (for obvious reasons) it’s only wise to claim your share of these sales online. What we always love about WA is that the community encourage you to do what you love. This makes running a business a lot more fun and profitable.
For example, if you love video games, you should start a website that talks about video games and helps people make a purchasing decision whilst if you love motorcycles, you can start a website that discusses motorcycles, motorcycle accessories and parts to make your bike better.
On this website you can tell people about all of those awesome products and tell them where they can buy these products (Amazon, etc.) and whenever people make a purchase, you get a commission! You do not need to take care of the warehouse storage, shipping, payments, or customer service. You simply help people find the products they already want and you get paid for it.
This is by far our favourite business model ever. Now, don’t be scared, Wealthy Affiliate will provide every single detail you need to know in order to do all of this properly. Once again, simply follow the step-by-step training and ask questions whenever something is unclear, The WA community is there to help you through every step, and so are we at Potters Magical Money.
If you’ve read this far, you really should be ready to begin and therefore please consider joining Wealthy Affiliate for free now.
Wealthy Affiliate – Potters Magical Money Bonuses
But hold right there, earlier on I mentioned the bonuses we offer by joining through Potters Magical Money and here they are: –
The first double bonus is available to anyone who sign-up to premium through Potters Magical Money :-
– Free private message access to Lawrence (from Potters Magical Money). He guarantees a reply within 24 hours.
– A personal message from Potters Magical Money directing you to the excellent Diamond Traffic training program. Written in 2019, this really is one of most up-to-date programs out there in how to get more and more traffic to your website(s).
The second double bonus is available to anyone who sign-up to premium within their first 7 days.
– 61% discount on your first month. Only $19 (below £15)
– 2 * Free Facetime, WhatsApp or Zoom personal 30 minute video sessions with Lawrence from Potters Magical Money. We will schedule it at a time when you need it and when it’s convenient to us both. We guarantee to make the time available to suit you within 5 days of your request.
Join Wealthy Affiliate for free now to get the opportunity of these bonuses.