While doing some research on the web for an article I was writing on affiliate marketing, I came across statistics saying that 90-95 percent of affiliates don’t make money from affiliate marketing. Now, I don’t know if they mean “any” as in $0, but I found this to be true, based on my own efforts in this field. And it didn’t change until I got serious.
Internet Affiliate Marketing for Beginners: 3 Reasons for the High Failure Rate
The following are three reasons why I believe the above statistic, again based on my own experience.
I. Easy to join: It’s ridiculously easy to join most affiliate programs. In most cases, all you have to do is create a link. It takes all 30 seconds. I can’t tell you how many affiliate products I’ve signed up to promote, then promptly quit a day, a week, or a couple months later because I was onto the next thing.
For example, I have an affiliate program for my eBooks, with, as of this writing, over 500 affiliates. But guess how many make sales each month? Usually it’s less than 10. And usually it’s the same handful. This is true of most affiliate programs.
II. Laziness: I’m not going to try to sugar coat this. I used to be a lazy affiliate marketer. Sure, I’d write an article or two and post a link on a blog, but that was about it. The mistake many beginning affiliate marketers make is that they get hooked on the idea that making money from affiliate marketing is easy. Forks.
But the easy part is joining the program and the fact that you don’t have to invest in producing your own product/service. But, you have to put in some marketing effort.
Otherwise, how the hell is anyone going to know that you are promoting this great product that is going to revolutionize their lives?
third Lack of know-how: This may be one of the main reasons why many do not make money in affiliate and internet marketing. Marketing is a learned skill. Add to that the fact that the internet has made things even more competitive, it’s understandable that you could get stuck at the starting gate.
However, this can be easily remedied.
Sit back and do some research. Select two or three successful affiliate marketers and sign up for their newsletters. Read every word, religiously, to double your success.
Now that you have an idea of what it takes to make money in affiliate marketing on the Internet, here are some quick tips on how to be in the top 5 to 10 percent that make money from it.
Internet Affiliate Marketing: Tips On How To Be In The Top 5-10 Percent That Makes Money
Time: That is, set a specific amount that you can consistently dedicate to it. Treat your internet affiliate marketing career like a job; this means putting in consistent hours.
Do not promote too many products: When you start out, you’re going to be learning the ropes. Therefore, you will spend most of your time learning and then fine-tuning your marketing efforts. So I advise starting by promoting no more than two products.
As you learn more about internet affiliate marketing, you can add more products to your list, because then it will just be a matter of rinsing and repeating your processes to earn more.
Study constantly: I read affiliate marketing material all the time: free eBooks from internet marketing gurus, their newsletters, trolling their websites, stalking their Twitter feeds, etc. You have to learn, adjust and test to improve.