While it often takes a significant amount of time and hard work to build up your affiliate income, if you have the ability to regularly publish high quality content that drives in targeted traffic to your website, this online revenue source can become quite substantial. Follow along with my experiment growing two completely new blogs—one finance blog MoneyTalk and one called SmartWP about WordPress, into additional revenue streams for my business.
To be honest, I know nothing about the EU or the UK. as an affiliate you are simply an independent contractor, here in the United States we get a tax form called a 1099 that reports our earnings and we have to self report all earnings and pay taxes on our own. I usually expect 30% to 40% of my income will be taxed and that is a conservative estimate so I don't underestimate. Best to find someone more familiar with Europe, the UK and your specific position to give you specific guidance… With that said remember, the only time you deal with taxes is if you're making money. If you don't have a website built, you don't have an audience growing, you don't have dozens if not hundreds of posts published… You are very far away from earning money and a thought about a future challenge that is not real yet is holding you back from getting started. The most important thing to do is to start
1. These are definitely the 2 most common, but anywhere you can use an affiliate link, you can make money. I see a lot of people spamming Quora with affiliate links but wouldn’t advise it. People who will actually buy the product through your link are the ones you will educate on why they should buy it. You need your own platform somewhere and blogs/YouTube and usually best.
If you're serious about making money online, start a blog. Blogging is one of the easiest and most sustainable income sources. As long as the blog is setup the right way, in the right niche, with the right content targeted at the right audience, and the offer is complementary to the content, you could make a tremendous amount of passive income from a blog.