bw3ttt - 3:00 pm on Sep 20, 2008 (gmt 0)

These days a newbie would struggle to make any profit at all. You have to outbid the in-house marketing team for the site you are promoting which means that your profit margins will be small if anything at all. It also irritates the in-house marketing team when you do that because they won't get any traffic. So you will probably have to build your own site. Then you will be irritating Google because Google doesn't like affiliate sites and they will slap you with $10 bids.

The quick answer to your question is no, not in a million years will you make $500,000/month doing affiliate marketing with adwords in late 2008 as a newbie.

If you want to make huge money then SEO is what you should be doing.