Funding when you start out (5)
After two months of reading, learning and digesting the goodness on these forums, learning HTML and getting to understand Muse and Photoshop I'm nearly ready to go live!
Disclaimer: I'm aware some people might feel I should have taken action earlier but given my skillset, I felt it more important to understand the above before leaping head first into this 
I'm now at the stage where I'm working out what capital to commit to affiliate marketing both for the first campaign and then subsequent campaigns.
I don't have nor do I want to use a credit card if I can possibly help it.
I've been accepted onto Peerfly and am currently looking at offers to promote on POF. I'll also be using POFpro.
I plan to spend $40 per day on a campaign on an offer that pays no more than $5
Therefore, I'm looking at around $1200 per month.
I'm comfortable losing money for the first three months and for the next three months, if I can break even, brilliant.
How much would experienced members suggest having put aside for subsequent campaigns? And is the above realistic?
Any feedback would be appreciated.
$1200 per month for AM is fine and I think getting certain basic skills under your belt first was the right way to go.
How much you will need for subsequent campaigns really depends - how far can you scale a working campaign? What budget does the advertiser have? Can you get more frequent payments from your network? That becomes more an issue of cash flow.
Also, you should get a credit card.
A lot of people misunderstand what a credit card is for. For marketers, it's generally nothing more than a payment medium. That's it.
It's not about the credit line. Most sources accept CC payments and it is by far the easiest way to pay for things online. Not having one is going to waste a lot of your time/effort for no good reason.
You can always move bank funds to your CC on the fly and with the 40+ interest free windows you don't have to worry about much other than a yearly account fee of like $50.
Furthermore, the reward schemes on credit cards become more and more interesting as you scale.
If you don't want 1-2% of your entire spend back as airpoints, be my guest, your call - if you don't like free money, that's your problem.
Hi Zeno
I appreciate you taking the time to answer my question.
Also, not thought about the CC on that basis - thanks for drawing my attention to that.
You should use a credit card as a cash management tool, you should NOT use a credit card for credit.
Credit card debt is pretty much one of the must expensive sources of funding you will find, apart from payday loans or Tony the loanshark.
^^
Exactly. Only spend what you have, if not save up properly and then restart. It'll be shitty if your close to making a campaign work and then you run out of funds. I'd aim for $2k to spend on campaigns
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