Affiliate marketing is a favorite method of how to make money online. It’ popular because it is so easy to get started. However, it is not as easy as one would think and that’s why most of the beginners fail and make no or very little money.
In this article, you will learn about the top 4 mistakes which affiliate marketers make and how you can avoid them.
Having ‘Get Rich Mindset’
Contents of the Article
Yes, it is possible to make money quite fast with affiliate marketing, but you have to prepared that it can take months or even years till you start making a decent income.
If you have never done affiliate marketing and have zero experience, it is very unlikely that you will have success with PPC. Utilizing PPC in your affiliate marketing campaigns is amazing as you can draw traffic to your offers immediately without the need of building an audience for your own website, but it is not easy. You need to have some experience with running PPC campaigns and also you need to have a budget that most beginners don’t have.So, if you cannot use paid traffic then you need to build up organic traffic. And this is where most beginning affiliate marketers fail.
In order to have organic traffic, you need to have your own website. Starting a website is easy but what is not that easy is to grow it organically with SEO.
You first need to learn about SEO and, of course, you also need to write quality content. You cannot expect to grow a website if you only write reviews about the products you are promoting. You need to provide value to your visitors.
Even if you write quality and SEO optimized content, it still takes time to grow your website. You cannot expect to have any traffic in the first month with a new website and a new domain.
Think long term. Don’t have the ‘get rich mindset’ and be prepared it can take time before you start earning first commissions.
Build your own website as that is something that will always benefit you. Learn about SEO and content marketing and try to build up organic traffic.
Choosing the Wrong Affiliate Program
Affiliate marketers want to promote products that offer high commission, that’s understandable. Commission of 30% is much more appealing than a commission of 4% which is common in many affiliate programs like Amazon Associates or in the Walmart affiliate program.
But most of the time, the higher the commission the harder it is to get the sale. Products that have higher commissions are usually more expensive and so the conversion rate is obviously also lower.
Affiliate marketers who are starting out don’t have that much experience with sale funnels and the conversion cycle, so it is hard for them to make any sales.
Promoting high ticket products does not mean you will earn more. First, learn and craft your affiliate marketing skills on products that are easier to sell (cost less).
After you are more experienced, you can try promoting more expensive products.
Focusing on Quantity
If you ever talked to any experienced affiliate marketers, they would tell you that they are promoting a lot of products. They usually earn smaller commissions on each product, but it adds up.
However, what they don’t tell you is how they get to the point in which they are promoting many products. They started with just a few, no more than 5 products. They started building their content around the products and they built up the campaigns. After they had reached success with the, they added more products and so on and so on.
There is no point in promoting hundreds of different products if you can’t make a sale from a single one. In the beginning, don’t focus on quantity and instead focus on quality.
Selecting the Wrong Niche
Selecting the right niche is very important. Especially if you want to do affiliate marketing in the long run and you decide to build your own website (which you should).
If you select a wrong niche, you can waste your time and effort on something which has no potential of earning you a decent income.
Many affiliate marketers will tell you that it is important to find a narrow niche that is not that competitive. This is true and if you manage to find such a niche, it can be a gold mine.
However, finding a very narrow niche is also very risky and especially for beginners. If not that many affiliate marketers enter a certain niche it does not necessarily mean that they don’t know about it or that they didn’t try it.
Some narrow niches are simply not good because there is not big enough demand. If there are not many people interested in the products, then obviously you cannot expect to earn a lot of money.
Be careful about selecting narrow niches. Always double-check that there is demand for the products. Make a list of related keywords for the product you want to promote and check the search volume.
If there is no search volume, then try to find a niche that is broader.
Affiliate marketing is not hard, but it is not easy either. Make sure you are not guilty of any of the things in this list and your off to a good start.
Remember that if you want to succeed with affiliate marketing you have to treat it as a business. If you don’t, then you cannot expect to make any significant income.
You have to realize that you must provide value and establish trust first before you can start generating sales and earning commissions.
That’s why it is so important not to have a rich mindset. Be prepared for a marathon, it will be exhausting but you will be rewarded at the need.
One day when you reach your goals you will look back at your days when you were struggling, and you will grateful that you didn’t give up.