With all of my recent success I’m still left with problems, I am however thankful that this is my main concern but it does put a spanner in the works as I can’t really solve it overnight. I’ve talked about this in the past but I can see many affiliates going through the same problems so I will talk about some ways you can avoid it or at least minimize the damage it does to you.

I’m talking about cash flow.

If you have been following my journey into affiliate marketing you will agree that things can pick up very quickly, you can find yourself reaching your goals when you least expect it. Although this type of scenario seems desirable, it can still take you by surprise and leave you with a cash flow problem.

My advice would be to prepare for it so that you can avoid having this type of problem, even if you are just starting out you need to ensure that you are ready for what’s around the corner – it only takes one campaign to pick up and you could see yourself becoming a 5-6 figure/month affiliate overnight!

So, how can you prepare for something like this?

Have a nest egg

If you can I would advise you to save as much as possible on one side when you make the decision to have a go at affiliate marketing. Obviously the more money you have saved up, the more you will be able to invest into your campaigns.

Reinvest as much profit as possible

If you are a part time affiliate then you should use this to your advantage, obviously you need to ensure you have enough money to pay your bills and live but anything over you should try and avoid treating yourself and put as much back into your business as possible.

You won’t regret it – trust me

Negotiate better payment terms with your network/s

If you are doing some decent volume then you will be able to negotiate better payment terms, most networks will grant you weekly payments if you can do $1,000 in revenue a week. In the early stages I would advise working with as fewer networks as possible so that you are doing more volume giving you better privileges.

You will also benefit from having your payment sent out in a wire, you will get the payment direct into your bank account reducing the time it takes to clear and become available to spend.

Apply for more credit cards

A credit card is any affiliates best friend, you have to be careful when you are using money you don’t have to fund your campaigns. I fell lucky to practically make a profit right from the start, you have to budget yourself when using credit – ensure that you will be able to pay it off to avoid any fees.

Having a number of credit cards will give you more leeway when funding your affiliate marketing attempts. Another reason why I would recommend using a credit card is because you will gradually be able to build up your credit rating.

When you are finding a credit card to apply for you should check out the reward programs some have, being an affiliate marketer you will soon rack up that spend .

Increase your credit card limit

Another quick and easy way to increase your available spend is to ring up your credit card companies and ask to increase your maximum limit. Usually they will be able to give you an answer over the phone and it will become active immediately.

I’m not sure about banks around the world but there is a waiting period once your increase your limit with the company I am with. I think it’s about 6 months so keep that in mind.