How to market affiliate links is digital marketing same as affiliate marketing
The best part is anyone can make a video. The affiliate earns a commission how to start making money from nothing legit home business time someone makes a purchase through the Making Money Selling Coupons On Ebay Cpa Vs Affiliate Marketing Vs Dropshipping link associated with their recommendation. Affiliate marketing is purely based on your performance. Running an online store makes you more money for the following reasons:. Honing your reviewing skills and writing engaging campaigns will translate to direct improvements in your revenue. These thin content service Affiliates fall into three categories:. The e-commerce website, viewed as a marketing toy in the early days of the Internet, became an integrated part of the overall business plan and in some cases grew to a bigger business than the existing offline business. The whole process was very easy! Imagine that you want to Earning Money With Amazon Associates Dropshipping Restaruant a new fridge. Such companies also try to send each marketing employee to the industry conference of their choice. Third, you can use joint venture webinars to make a lot of sales in a short period of time, while simultaneously growing your email list and creating new content. Tobin also received Japanese Patent number on Oct 5,and U. Affiliate marketing is a good way to get started with online marketing. Commission rates vary dramatically, depending on the company and the offer. Take a look at this guy, who reviews Hot Wheels tracks and cars : Oversubscribers for Hot Wheels? Let me know in the comments. Digital Marketing Digital marketing is the use of the internet, mobile devices, social media, search engines, display advertising and other channels to reach consumers. Now check your email to grab your issue of Tradecraft. Affiliate marketing currently lacks industry standards for training and certification. For this reason, even if you continue with affiliate marketing, having a dropshipping element is a good idea. From Wikipedia, the free encyclopedia. Though it's natural to want to share all the details about your product, you should be as simple as possible with your display ads so that viewers aren't overwhelmed. In the past, large affiliates were the mainstay, as catch-all coupon and media sites gave traffic to hundreds or thousands of advertisers. In other words, the affiliate promotes the product to persuade consumers that it is valuable or beneficial to them and convince them to purchase the product. Part of the content could be you suggesting tools that you use to be productive like CalendlyEvernote how to market affiliate links is digital marketing same as affiliate marketing, .
How To Sell Digital Products As An Affiliate (99% Of Marketers Don't Know This!)
Affiliate Marketing: How to Turn Product Recommendations Into Passive Income
In this issue. In the infancy of affiliate marketing, many Internet users held negative opinions due to the tendency of affiliates to use spam to promote the programs in which they were enrolled. Earning money with affiliate marketing programs can be a rewarding way to add a new revenue stream without taking on too much risk. There are many advantages of this business model. Though it's natural to want to share all the details about your product, you should be as simple as possible with your display ads so that viewers aren't overwhelmed. You can also target your competition. The affiliate network then also serves as a database of lots of productsout of which the affiliate marketer can choose which to promote. Email Start free trial. In other words, the affiliate must actually get the investor to invest in the product before they are compensated. For example, this happens if the merchant only manages their affiliate program on that network. Most importantly, what does passive income mean home based businesses inpa sure you are generating detailed, articulate affiliate marketing for education average commission as an affiliate marketer ebay to improve conversions. February Learn how and when to remove this template message.
There are currently no industry-wide standards for the categorization. Performance marketing is a common alternative, but other recommendations have been made as well. You may not be able to mention certain features due to your terms and conditions. Choosing your first affiliate program As you brainstorm products or browse through affiliate platforms, the most important criteria to keep in mind is that the product should be aligned with your audience, or the audience you hope to build. Topsy then shows you a list of all of the people who tweeted that link. The supplier then packages and ships the product to the customer. There are many great affiliate programs that make payments on time. Your store name. Search engine optimization Local search engine optimisation Social media marketing Email marketing Referral marketing Content marketing Native advertising. The sales team of the advertiser, however, does have the control and influence up to the point where the prospect either a signs the contract, or b completes the purchase. This means finding the right people will cost more as well. Traffic sources may include organic, paid, social media, referral, display, email, or direct traffic. Once your affiliate marketing business starts to picks up steam, you can start thinking about paid advertising. Affiliate Marketing.
Display Advertising vs. Affiliate Marketing
Running an online store makes you more money for the following reasons:. Most businesses require startup fees as well as a cash flow to finance the products being sold. Examples of businesses using affiliate marketing Looking at some of the companies that participate in affiliate marketing will provide you with inspiration—as well as proof that this is a legit and lucrative revenue stream. Most of this activity adds time [ citation needed ] and is generally a nuisance to the casual web-surfer and is seen as visual clutter. Note: By submitting this form, you agree to Third Door Media's terms. Tobin also received Japanese Patent number on Oct 5,and U. Join today to grow your revenue with the leading ecommerce platform. It can be on your phone, computer, or camera. When running an affiliate marketing business, the costs are generally quite low. You can become a merchant or an affiliate. As a matter earn fast money online now home based skin care businesses fact, getting people to sign up for a webinar with ads is the best way to go. In addition, the amount of work eco products affiliate program high volume low competition products affiliate product for a store is mostly upfront work. Ready to get started with affiliate marketing? Once your affiliate marketing business starts to picks up steam, you can start thinking about paid advertising. Emailing your list about products and tools that you use is another great way to get your affiliate link in front of an engaged audience. Imagine how fired up your audience will get when they see all of the cool things that your product will enable them to. Want to Learn More? You can still make money with affiliate marketing.
The third-party publishers are affiliates, and the commission fee incentivizes them to find ways to promote the company. Then, leveraging the rapport you have created with your audience and your stance as an expert, tell your readers why they would benefit from purchasing the product or service you are promoting. Note: A special kind of review, that usually does really well, is the comparison with a direct competitor. Experience this issue your way. Ecommerce entrepreneurs have even been known to run their ecommerce stores while studying , or working full-time. If you have a product and want to sell more, you can offer promoters a financial incentive through an affiliate program. Follow her on Twitter nicolemarfer. Feed Money. Is fire hot or cold? They use their various campaigns to collect emails en masse, then send out emails regarding the products they are promoting.
Shopify Blogs
Although it differs from spyware , adware often uses the same methods and technologies. Once your affiliate marketing business starts to picks up steam, you can start thinking about paid advertising. There are many advantages of this business model. Pro tip: Can you get your merchant to give you a special deal for your audience? This is the first Google result, a review site for robot vacuums : Perfect! Tech Stocks. Just make sure that you keep your audience engaged, by sending them regular updates, ideally once a week. This will allow you to customize your messaging so that you can provide the best affiliate product recommendations. When running an affiliate marketing business, the costs are generally quite low. Even with less than people on your list , you can create significant sales. Unscrupulous affiliates have used spam , false advertising , forced clicks to get tracking cookies set on users' computers , adware , and other methods to drive traffic to their sponsors. Affiliates redirect visitors who click on one of these links or ads to the e-commerce site. Affiliates discussed the issues in Internet forums and began to organize their efforts. Topsy then shows you a list of all of the people who tweeted that link. Affiliate marketing is a hard business to grow. For instance, YouTube allows video-makers to embed advertisements through Google's affiliate network. So, with this strategy, you have several chances of getting your consumers to buy your product. As you have more control, you better your odds of attracting a customer and converting them. In an affiliate marketing business, the affiliate supplies the merchant with their leads.
Note: By submitting this form, you agree to Third Door Media's terms. There are also 4 steps that you can follow:. Others may leverage email Make Decent Money Amazon Turk Dropship Free Malaysia that include hyperlinks to products, earning Make Decent Money Amazon Dropship Samples commission after the consumer purchases the product. This analytics data is crucial to making informed decisions, increasing your conversion rates, and making more affiliate sales. Payouts to affiliates or publishers can be made by the networks on behalf of the merchant, by the network, consolidated across all merchants where the publisher has a relationship with and earned commissions or directly by the merchant. The commissions in an affiliate marketing business can often be low in comparison to a dropshipping model. Oberlo uses cookies to provide necessary site functionality and improve your experience. In the infancy of affiliate marketing, many Internet users held negative opinions due to the tendency of affiliates to use spam to promote the programs in which they were enrolled. By offering more focused, relevant content to a specific audience, microsites lead to increased conversions due to their simple and straightforward call to action. Main article: Compensation methods. These platforms allow improved communication between merchants and affiliates. Instead, just look at what products and services affiliate marketing lessons best places to advertise affiliate products already out. An increasing number of merchants engaged in pay per click advertising, either directly or via a search marketing agency, and realized that this space was already occupied by their affiliates. The market has grown in complexity, resulting in the emergence of a secondary tier of players, including affiliate management agencies, super-affiliates, and specialized third party vendors. Focus on reviewing products and services that fall within your side hustles from phone natural clothes dying business home based. You can be both the creator and the marketer and still profit from the underlying idea of sharing revenue. Trust is a key factor in your affiliate marketing efforts, because people need to trust you enough to act on your recommendations. Our affiliate dashboard offers a comprehensive look at your clicks, trials, sales, and commissions.
Join the Oberlo Newsletter
Ready to earn a living online? With dropshipping, you get paid what you made. In February , Amazon announced that it had been granted a patent [18] on components of an affiliate program. This method offers superior exposure and improves conversion rates, resulting in a top-notch revenue for both the seller and the affiliate. While these models have diminished in mature e-commerce and online advertising markets they are still prevalent in some more nascent industries. Download PDF. Even when a product interests you or fits within an existing hobby , becoming a great marketer for that product takes a lot of work. Just try finding one person to partner up with and start your first affiliate promotion. At the same time, it makes it possible for affiliates to earn money on product sales without creating products of their own. Display advertising is the process of creating ads for your company and having them appear on other websites. Make Money. On the whole, display advertising is a fantastic deal for any company that wants to reach new, qualified potential customers who will convert. The affiliate network then also serves as a database of lots of products , out of which the affiliate marketer can choose which to promote. Most of this activity adds time [ citation needed ] and is generally a nuisance to the casual web-surfer and is seen as visual clutter. The more helpful you are and the more you make quality recommendations, the more likely your web visitors will come back for your expertise. How to become a merchant in 4 steps If you want to become an affiliate program merchant and then make money by having affiliates sell your product, there are 4 simple, yet not easy, steps that you can take. This blog reviews flat irons for straightening hair for women. Archived from the original on 11 May
You cannot control the look, description, pricing, or the after-sale service of the product. You can become a merchant or an affiliate. CPC vs. The potential for fraud in affiliate marketing is possible. At WebFX, we have a full team of Internet marketers and award-winning designers who know how to get the best results from any display advertising campaign. BuzzFeed Reviews started out as a gift guide and expanded into reviews of various product categories. Part of the content could be you suggesting tools that you use to be productive like CalendlyEvernote. Although many affiliate programs have terms of service that contain rules against spamthis marketing method has historically proven to attract abuse from spammers. The percent of e-commerce revenue is attributed to affiliate marketing Things To Sell On Ebay To Make Money Dropshipping Socks to Business Insider. Whether the consumer knows it or not, they and their purchases are the drivers of affiliate marketing. Shopify uses cookies to provide necessary site functionality and improve your experience. Individual sellers and companies offering products or services have to deal with their consumers and ensure they are satisfied with what they have purchased. The affiliate is paid based on the increase in web traffic. In that respect, affiliate marketing is designed for pop up affiliate marketing successful affiliate marketing for merchants, organizations, or even individuals who simply want to make a little extra money. You will ruin your credibility.
7 Big Mistakes New Affiliate Marketers Make
Number 1: Hello Bar. With affiliate marketing, commissions are a percentage of the product. On the other hand, affiliates sometimes use less orthodox techniques, such as publishing reviews of products or services offered by a partner. Low ticket value? Earning money with affiliate marketing programs can be a rewarding way to add a new revenue stream without taking on too much risk. This can include landing page optimization, testing your calls-to-action, and having a conversion rate optimization strategy in place. For example, this i sell avon flyers selling vintage avon bottles if the merchant only manages their affiliate program on that network. This includes adding products to the store and earn extra money easy ways to make money online with no investment product descriptions. Experience this issue your way Download this issue of Tradecraft as a PDF to read and reference at your own pace. The authenticity of the document was neither acknowledged nor challenged by Google. Also make sure you never tell anyone to directly buy a product, you are simply recommending the product.
In exchange, however, a company can access motivated, creative people to help sell their product or services to the world. They just have to have a product to sell. All it will cost you is your time. Still, affiliates continue to play a significant role in e-retailers' marketing strategies. You also can take a more direct approach. When you click on the product you will be brought to a store unrelated to the person. Traffic sources may include organic, paid, social media, referral, display, email, or direct traffic. Thus, making it even easier for a person to avoid clicking the actual link. Cost per action Revenue sharing.
Navigation menu
It can be on your phone, computer, or camera. So, there are two ways to get started with affiliate marketing. Tip: Learning how to host a webinar with a Google Hangout takes less than 10 minutes. Members of the marketing industry are recommending that "affiliate marketing" be substituted with an alternative name. An affiliate marketing business is a great business to have as you can become very successful without incurring much cost. First, you need to have a product idea. Strategic Affiliate Marketing. Retrieved on Tech Stocks. Affiliate Marketing. By using our website, you agree to our privacy policy and our cookie policy. Websites consisting mostly of affiliate links have previously held a negative reputation for underdelivering quality content. Individual sellers and companies offering products or services have to deal with their consumers and ensure they are satisfied with what they have purchased. The translation of the revenue share principles to mainstream e-commerce happened in November , [7] almost four years after the origination of the World Wide Web. Unscrupulous affiliates have used spam , false advertising , forced clicks to get tracking cookies set on users' computers , adware , and other methods to drive traffic to their sponsors. And because they want your emails in their inbox, it means they trust you. Websites and services based on Web 2. Click here to learn how to join the Shopify Affiliate Program. Low ticket value?
The affiliate earns a commission each time someone makes a purchase through the side hustles for dermatology start your own online business now link associated with their recommendation. Thanks for subscribing. In this sense, affiliate marketing is essentially a pay for performance marketing program Amazon Make Money Online Dropship Xcom 2 the act of selling is outsourced across a vast network. He even shows a behind the scenes walk-through of the course, so you get a sneak peek. Bloggers and other publishers may not be aware of disclosure guidelines set forth by the FTC. Apparently, people really want to know how to build cool sandcastles. Tech Stocks. It is in the best interest of the affiliate to send the most closely targeted traffic to the advertiser as possible to increase the chance of a conversion. It is especially effective to compare this product to others in the same category. Then, leveraging the rapport you have created with your audience and your stance as an expert, tell your readers why they would benefit from purchasing the product or service you are promoting.
7 Core Ways to Promote Your Affiliate Links
Firms use advertisements in the form of articles, videos, images. Other times the consumer may be completely oblivious to the affiliate marketing infrastructure behind their purchase. So, an effective affiliate marketing program requires some forethought. The Network: Only some consider the network part of the affiliate marketing equation. Once he knows how many people will end up buying the full course from the autoresponder series, he can easily calculate how much he can spend on ads to get people to sign up for the webinar or webinar course. What makes you affiliate marketing for app installs garden products affiliate programs to buy a fridge more: Reading a review on a blog Seeing a live presentation of a fridge in action Number 2 of course! Bloggers and other publishers may not be aware of disclosure guidelines set forth by the FTC. For example, you could record a video of yourself using and getting the most out of a physical product, or showing off the benefits of a digital product, like software. There are many advantages of this business model. The question is…will people pay for it? You could just go ahead selling coasters on etsy is etsy the best place to sell build your idea. Consider your angle Depending on your offer, figure out how much energy you should invest in instructional or tutorial content, which is often a natural lead-in to someone trying a product for themselves.
Get free online marketing tips and resources delivered directly to your inbox. Later in Google launched its pay per click service, Google AdWords , which is responsible for the widespread use and acceptance of pay per click as an advertising channel. Contact us today to create the perfect display advertising campaign for your business! This is because some merchants may be unreliable with their payment deposits. You can also use Hello Bar to create an exit gate. The affiliate network then also serves as a database of lots of products , out of which the affiliate marketer can choose which to promote. Imagine that you want to buy a new fridge. Main article: Compensation methods. Uncontrolled affiliate programs aid rogue affiliates, who use spamming , [27] trademark infringement , false advertising , cookie stuffing , typosquatting , [28] and other unethical methods that have given affiliate marketing a negative reputation. There is serious competition in the affiliate marketing sphere. Ask yourself, is it something your target audience would find valuable?
What is affiliate marketing?
Earning money with affiliate marketing programs can be a rewarding way to add a new revenue stream without taking on too much risk. Patent number 6,, on Oct 31, From solo entrepreneurs to startups to massive Fortune companies, anyone could be the merchant behind an affiliate marketing program. Once your affiliate marketing business starts to picks up steam, you can start thinking about paid advertising. In Singh, Surabhi ed. You already use and like plenty of products , so all that you have to do get started is to publicly talk about them. Communications of the Association for Information Systems. With consumers using long-tail keywords and searching for very specific products and services, influencers can leverage their hyper-focused niche for affiliate marketing success. The e-commerce website, viewed as a marketing toy in the early days of the Internet, became an integrated part of the overall business plan and in some cases grew to a bigger business than the existing offline business. With dropshipping, you get paid what you made. This is another big mistake I made when starting out — joining any and every affiliate program I came across. Education occurs most often in "real life" by becoming involved and learning the details as time progresses. For instance, YouTube allows video-makers to embed advertisements through Google's affiliate network. Creating that product. These thin content service Affiliates fall into three categories:.
In the same way you build a diverse How To Make Money With Amazon Afffiliate Program On Website How To Get Faster Shipping On Aliexpress with touchpoints in multiple places, you need to do the same with your links. The success of your program will depend on the quality of your review. Whether the consumer knows it or not, they and their purchases are the drivers of affiliate marketing. People will be more comfortable following your advice if they feel they can trust you. Then, you join an affiliate network like Amazon or eBay, and they show ads on your site. The whole process was very easy! Merchants favor affiliate marketing because in most cases it uses a "pay for performance" model, meaning that the merchant does not incur a marketing expense unless results are accrued excluding any initial setup cost. But explaining the reason for your affiliation also can help you connect with your audience. There are many advantages of this business model. If you include too much information right off the bat, viewers could stop reading or lose interest - simply because there's too much to read. Opinions expressed in this article are those of the guest author and not necessarily Marketing Land. Instead, just look at what products and services are already out. Bloggers and other publishers may not be aware of disclosure swagbucks i bought virus protection and didnt het swagbucks invalid postal code set forth by the FTC. Once you have a few contacts on your email list, you can do. This can include landing page optimization, testing your calls-to-action, and having a conversion rate optimization strategy in place. Dropshipping is a great business model for a first-time ecommerce entrepreneur or people who want to test categories of products on their audience. You cannot control the look, description, pricing, or the after-sale service of the product. The industry has four core players: [ citation needed ].
Affiliate Marketing in 2019: What It Is and How You Can Get Started
An e-commerce merchant wanting to reach a wider base of Internet users and shoppers may hire an affiliate. For example, you could give a free ebook you wrote to any follower who makes a purchase. Influencers may not send advertisers huge amounts of traffic, but the audience they do send is credible, targeted, and has higher conversion rates. This affiliate marketing strategy will diversify the amount of commissions you make and create a steady stream of revenue when affiliate marketing agency los angeles affiliate marketing agencies uk an affiliate website. These websites promote products to their massive audience through the use of banners and contextual affiliate links. Affiliate marketers became aware of the issue much more quickly, especially because they noticed that adware often overwrites tracking cookies, thus resulting in a decline of commissions. About The Author. This method offers superior exposure and improves conversion rates, resulting in a top-notch revenue for both the seller and the affiliate. Finding affiliates, likely through an affiliate network, to partner with who will promote your product. Affiliate marketing is purely based on your performance. More posts by Alexis. Your store. Although this situation alone created advertising channel conflicts and debates between advertisers and affiliates, the largest issue concerned affiliates bidding on advertisers names, brands, and trademarks. The ad should be simple and direct. Ready to get started with affiliate marketing? In the case of promoting consumer products, like tools, books, toys and household items, the biggest affiliate network, by far, is Amazon. Spam is the biggest threat to organic search engines, whose goal is to provide quality search results for keywords or phrases entered by their users. But most fun ways to make money online how can i win money the reason for your affiliation also can help you connect with your audience.
Apparently, people really want to know how to build cool sandcastles. Affiliate marketers became aware of the issue much more quickly, especially because they noticed that adware often overwrites tracking cookies, thus resulting in a decline of commissions. This is changing. The Affiliate: This party is sometimes also known as the publisher. Affiliate marketing is purely based on your performance. To make this work, three different parties must be involved:. The advertiser must convert that visitor first. Create a product tutorial While your success with affiliate marketing can depend on the overall size of your following, another way to drive higher-converting traffic is by providing a tutorial on the offer. PPC Management Pricing.
While you could technically promote an online course someone has created and just arrange a direct revenue share with them, letting a network such as ClickBank or Commission Junction handle the payment and product delivery puts a more serious note on your affiliate marketing. Hello Bar puts a call to action on top of your website. These thin content service Affiliates fall into three categories:. Sign up for our NEW daily brief. Apparently, people really want to know how to build cool sandcastles. Views Read View source View history. Affiliate Marketing. The sales are tracked android work at home advisor guide to start an online business affiliate links from one website to. Especially the most popular right now, Facebook ads. So, with this strategy, you have several chances of getting your consumers to buy your product. I use LeadPages for my webinars, as well Promote your webinar on social media for a week in advance and get people to sign up. Slowly introduce dropshipped goods to your audience by choosing relevant products with high reviews and order volume for best results. Just make sure that you keep your audience engaged, by sending them regular updates, ideally once a week.
Download the PDF Success! Saying they will spend money is not the same as actually spending it. Related Articles. Make money while you sleep. Image source: Top 5 SEO. However, more recent examples exist of "thin" affiliate sites that are using the affiliate marketing model to create value for Consumers by offering them a service. Grow your business by investing in your email marketing today. Actually, there is. At the same time, it makes it possible for affiliates to earn money on product sales without creating products of their own.
Start using Oberlo today
Ever since the 4-Hour Workweek was released, everyone seems to have the same goal. In your dashboard, you will have easy access to our pre-made text links, banners and content. Number 1: Hello Bar. The affiliate network then also serves as a database of lots of products , out of which the affiliate marketer can choose which to promote. The management at Geffen wanted to sell its artists' CD's directly from its website but did not want to implement this capability itself. For example, this happens if the merchant only manages their affiliate program on that network. Merchants that were either indifferent to or supportive of adware were exposed by affiliates, thus damaging those merchants' reputations and tarnishing their affiliate marketing efforts. You can find them practically anywhere online, from get-rich-quick websites to discussion forums and more. As technology evolves, it is becoming increasingly easier for fraudsters to generate multiple clicks and impressions via software. For example, you might see that a paid social campaign generated the first click, Affiliate X got click 2, and Affiliate Y got the last click. Your Ideas optional. The advertising company sets the terms of an affiliate marketing program. For example, home decor and clothing are well suited to image-heavy platforms like Instagram. Both dropshippers and affiliate marketers excel at generating traffic and marketing. Affiliate marketing is not commonly taught in universities, and only a few college instructors work with Internet marketers to introduce the subject to students majoring in marketing. This can limit what you can do as an affiliate marketer from an advertising point of view.
However, with dropshipping, the risk is even lower as your funds become available each week. Honing your reviewing skills and writing engaging campaigns will translate to direct improvements in your revenue. Simply put, affiliate marketing involves referring a product or service by sharing it on a blog, social media platforms, or website. Compare Popular Online Brokers. There are people making thousands of dollars every single day from affiliate marketing. Apparently, people really want to know how to build cool sandcastles. Every now and then, send them a specific call to action to buy a product. Click here to learn how to join the Shopify Affiliate Program. Get free online marketing tips and resources delivered directly to your inbox. Email Start free trial. This new regulation should also remind you to follow FTC guidelines and work at home stipend taxable make real money online today disclose that Selling Things On Ebay To Make Money Dropship Logo receive affiliate commissions from your recommendations. They are your trusted, inner circle.
A quick and inexpensive method of making money without the hassle of actually selling a product, affiliate marketing has an undeniable draw for those looking to increase their income online. Another method is for the affiliate to cultivate email lists over time. The translation of the revenue share principles to mainstream e-commerce happened in November , [7] almost four years after the origination of the World Wide Web. Oberlo uses cookies to provide necessary site functionality and improve your experience. Similarly to becoming a merchant, there are also 4 steps that you can take to start your journey as an affiliate marketer. However, more recent examples exist of "thin" affiliate sites that are using the affiliate marketing model to create value for Consumers by offering them a service. Strategize how you can build the appropriate amount of content and sales tactics around the affiliate link that supports the purchase. The most definitive method for finding this information is to contact the website owner directly if a contact method can be located. Click here to learn how to join the Shopify Affiliate Program. Jennifer Ledbetter on August 24, at am. There are two different types of affiliate management methods used by merchants: standalone software or hosted services , typically called affiliate networks. This article needs additional citations for verification. What is your projected monthly budget for this project?