Affiliate Marketing, like everything else requires good budgeting, especially when getting started.

Not only do you need to budget money but time as well. When your starting off you need to set a budget on how much you can spend and realize at first you will be loosing money while you learn how to setup, optimize and scale campaigns. Money only goes so far, you gotta be prepared to wait a while before receiving any payment from networks.

Many networks are on a net 30 schedule. Which means they do not issue you payment until 30 days after the last day of the month. So really if I started off this month (Oct), Payment for this month would not be issued until Nov 30 or Dec 1. Then of coarse you need to wait for our great postal service for delivery (assuming your on checks and not paypal or wire transfers), and you may possibly need to wait for your bank to process it.

To sum it up, you need to make sure you have enough money to budget for 2 or 3 months before you can expect to start receiving payments from networks (assuming you’re generating leads/sales).

Now as everyone says – time is money. You gotta use your time wisely – get rid of your Distractions! Manage your time across all the campaigns your working on, it does not need to be evenly. Just keep in mind if you’re spending more time on 1 campaign then others – make sure it’s worth it.

You need to figure out for yourself how much time you need to spend optimizing campaigns and how much to spend creating new campaigns.

With all of that being said, don’t forget to take a break once and a while, give your brain a break – then come back refreshed.