The most common mistakes made in affiliate marketing

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Master affiliate marketing by avoiding those critical mistakes

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The most common mistakes made in affiliate marketing

  1. 1. THE MOST COMMONMISTAKES MADE IN AFFILIATE MARKETINGMany top Internet marketers today still sell affiliate products, even though theymake a killing off of their own. Why? Because it’s still fantastic money and littleeffort is required.Now, with that said, it’s important to mention that affiliate marketing is no walk inthe park, either. It’s certainly easier than pulling off a Jeff Walker-style massiveproduct launch, but, like anything else, there are plenty of pitfalls just waiting toconsume you and your money.#1: Choosing a Bad Product to PromoteNot all products are created equal. In fact, that is probably the driving motivationbehind your decision to sell affiliate products: for the most part, you have acceptedthat there are plenty of high-quality products already on the market; and, if youcreate your own, it might not compare favorably.If you decide to pick your product off of a list on Clickbank, select very carefully.Rather than haphazardly selecting the product with the highest commission, lookfor ones that have the highest popularity and gravity ratings. If a lot of people arebuying them often, they must be better than other products for sale within thatniche.
  2. 2. In addition to picking good products within niches, you will also want to look forgood niches. Here’s a stupid tip that will illustrate my point nonetheless: don’t sellgarden hoses in the winter. No one will buy. Focus on products that a lot of peoplewant; and if their popularity just surged, now is the best time to get in the market.Finally, a low demand product will make few sales, no matter how hard you try topromote it. If the demand isn’t there, you can’t create it. Don’t try.#2: Picking a Low ConverterAs an affiliate marketer, your goal is to profit from the hard worker others havedone; and from the money they have spent on copywriters, product developers, andsoftware. If you select a product that underutilizes these advantages, you are likelyto benefit less.Take, for instance, conversion rates; not all product creators hire a top-notchcopywriter. In fact, many of them just write their own copy. Many also don’t hiresomeone to do graphs for the sales page. Instead, they try to do their own. The endresult? The page looks hideous, the copy contains major errors, and the productconverts poorly.Before you start promoting any particular product, read the sales page carefullyand compare it with others. Do you feel compelled to buy? Did the graphics throwyou off? Did the copy fail to reel you in for the catch? These can all amount tofatal errors for both the seller and you. You cannot help the seller at this point, butyou can avoid his product and find a better one. Do yourself a favor: choose yourproducts carefully.#3: Selling Snake Oil for a Snake Oil SalesmanThis pitfall is especially important to avoid if you have a list. All it takes is oneerroneous product promotion and you could end up with a mass exodus from yourlist. Again, don’t make this error. Even though you may be tempted to promote thenext ―biggest launch,‖ make sure you don’t buy into just anything. Severalmarketers have lamented their choices to promote the Rich Jerk’s latest offering
  3. 3. after list members complained that his sales page was loaded profanity and sexistcomments. Don’t be one of these guys. Make sure you carefully inspect anythingbefore you promote it to your list.Additionally, avoid jumping on the affiliate product bandwagon for majorpromotions. Instead, wait until the buzz dies down slightly; and then release acomprehensive review (something most affiliate marketers do not provide) of theproduct. This has a much better chance of getting sales for you; and it will alsohelp you to maintain credibility.Lastly, avoid promoting products that make outrageous and fallacious claims. AsCarl Sagan once said ―Extraordinary claims require extraordinary evidence.‖ Inmost cases, these snake oil peddlers cannot provide you with any extraordinaryevidence, but they do make the claims. Thus, avoid promoting them and becomingassociated with them.#4: Picking Products that Offer Meager CommissionsIf you’re marketing to a list of people, they’re only going to consider so manyproduct offers in a given period of time, so select the ones you promote wisely. Ifyou promote something that only generates a 25% commission for you, then you’releaving a lot on the time. In reality, you could probably find a similar product thatoffers a 50% or 75% commission.In terms of the actual dollar value of the commission – don’t sweat that as much.While many top name Internet marketers now say that they concentrate onpromoting high-ticket items (since only a few sales will generate a lot of money),you can still make a killing selling relatively cheap reports. The rising popularityof the $7 report is testament to this fact. So avoid the cheapo sellers, but don’tworry as much about the price. SmartRichy… The Art of Making Money Online
  4. 4. #5: Failing to Collect LeadsAlways, always, always capture leads. Rather than generating traffic through payper click, search engine optimization, and other methods and then sending thattraffic to your affiliate link, you should make an effort to convert them into listmembers first. Why? Two reasons: simple mathematical reasoning and thecollective experience of many marketers.The simple mathematical reasoning goes something like this: virtually everyonewho would have purchased the product will opt in to your mailing list, and manywho definitely would not have purchased the product will opt in to your mailinglist. Instead of converting at a rate of around 1-3% (in affiliate sales), you willconvert between 15 and 40% of visitors (to your mailing list). From there, you willget the chance to contact the willing buyers and the more reluctant. Additionally,once they’re on a list, this is no longer a one-off effort; you get the chance tomarket to them again and again for months or even years. As a marketer, one ofthe best tools you have available is your list. Therefore, always, always, always useyour list over the one-off sale.#6: Ignoring the Importance of TimelinessIn business generally, the quick often outcompete those endowed with greaterresources. Today, Google is no longer a small company with meager revenues, butin the past, it emerged from nowhere to outcompete massively well-endowedrivals; and it did so with cunning.How does this apply to you? Successful affiliate product promotion requires you todo more than simply slap an affiliate link in an email and send it out to a couplethousand people. If you expect them to actually buy, your email should benewsworthy – not promotional. If you can genuinely write your email as if it werea news announcement, you are far more likely to draw interest than if you send alink to an Internet marketing ebook that was written in 1998 and wasn’tparticularly popular then.You need to find product launches that qualify as an ―event.‖ Find something sobig that people follow the event and comment on it. If you can find such a product(say, the iPhone of Internet marketing products), it is critical that you engineer
  5. 5. your own build-up and release, centered on the build-up and release of the product.You will want to make sure that your list members purchase from you, rather thanfrom another list owner.To make it short and sweet: pay attention to the clock and the calendar. If there’s abig launch coming up, you need to capitalize on it quickly. There may not be asecond window for opportunity. So take it when you have it.#7: Ignore Important NumbersMany affiliate marketers fail to make many of the small—yet important—calculations needed in order to run a business and ensure you are in profit. Forinstance, many affiliate marketers will completely ignore the portion Clickbankextracts from each sale. Instead, they’ll simply look at the price and thecommission. Additionally, many will ignore conversion rates, pay per click bids,and the amount of time they put into projects. They’ll also fail to make realisticestimates of how much promotional efforts will cost; and how much of a riskthey’ll be. They’ll glaze over all of these minor details and devote the majority oftheir time to daydreaming about the riches they will rake in.Unfortunately, affiliate marketing doesn’t work like that. If you’re paying toomuch for traffic; if your conversion rates are too low; if you put too much time intoprojects that don’t have high yields – the outcome is bad. Your numbers won’t addup. At the end of the day, month, or year, you may end up in debt, rather thanprofit. And since you’re a sole proprietor, not a CEO of a corporation, whichmeans you don’t get paid at all. Even worse, you might lose some of your ownmoney that you worked hard to get.#8: Low- quality websitePerhaps the most common misconception about affiliate marketing is that one canrake in huge amounts of revenue simply by slapping up a low-quality website withno original content and tossing in some affiliate links.While it is certainly true that you need to have a web site up and running in orderto participate in an affiliate program, there is also the need to apply some effort to
  6. 6. getting the word out about your site. Otherwise, the chances of people visiting yourweb site and clicking on one of the links are pretty slim.#10: relevance to the content of your web siteAnother mistake many affiliate partners make is not choosing products that havesome relevance to the content of your web site. For example, you run a wonderfulweb site about the care and training of dogs. People will visit your site to see theimages of your pets, read your comments on various aspects of dog training, andperhaps to post a message or two.Since your visitors will already have an expressed interest in pets, why not makesure the ads that reside on your site have to do with some aspect of pets or petcare? You will earn much more money if this is the case, rather than having adsthat have to do with home decorating or some other subject.Keeping your site content and the ads more or less relevant to one another willmake it easier to generate revenue, and not fail as an affiliate marketer. Now, thismay seem intuitive – but many make this mistake in subtle ways (i.e. theymismatch their customers with products).#11: No fresh contentOne final mistake that many affiliate marketers make is not sprucing up their websites from time to time. Keeping the content fresh is one way of building andkeeping a loyal reading audience. If there is a reason to check back with your siteevery week, then chances are repeat visitors will click on ads that appear to be newto them, or that they enjoyed looking at the last time they visited your site.Keeping the same old look and the same old text with nothing new to entice peopleback is a sure way to limit your chances at being a successful affiliate marketer. Inshort, most of the more common mistakes all track back to an attitude that you donot have to do anything in order to generate revenue. The fact is that you do haveto proactively promote your site, keep the content fresh, and make sure the adshave some connection to the subject matter of your site.
  7. 7. To learn more about affiliate marketing and internet marketing visit:http://www.smartrichy.comhttp://www.superaffiliate.smartrichy.comAnd you can reach me at…amor@smartrichy.comSuccessful is yours,Amor

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