Wednesday, February 14th, 2024
Like any other business, Affiliate Marketing has a high failure rate. But don’t allow this to discourage you. The key becomes to know what they are, and then avoid them. When Internet Marketing, most will do niche research, write compelling copy, and then attempt to bring targeted traffic to their blog. Doing so however, doesn’t always pay off.
Affiliate marketing can be the most lucrative way, to make an easy living. Entry is virtually no cost and portable.
All you need is a desk, chair, computer, Internet connection, web hosting, then you’re in business. You can then sell to billions of consumers online, who wants your product.
The truth being, there are many who have made a comfortable living doing so.
The Internet has created more success stories, than any other occupation in this or any other decade. The reason being the low cost of entry, which is almost nonexistent.
But the majority fail. The reasons are varied, all usually more because of the human condition rather than a slow Internet connection. Poor motivation, procrastination, laziness, lack of drive, low self-esteem, all the usual.
The technical process of Affiliate marketing, is fundamentally easy however.
There are 1000’s of consumers right now at this very moment, who are searching for your product or service so they can buy it.
The idea, is to place your blog post or content sales page, banner ad, or text link in front of these buyers, this at the precise moment they’re ready to make the purchase, with credit card in hand.
It’s easier said than done, however.
Reasons Why Affiliate Marketers Fail
The Shiny New Object Syndrome
Many see Affiliate marketing as a passage to get out of the rat race, and onto easy street. So they can navigate their yacht in the Cayman’s, basking in the glorious sun as they earn passive income off their computer.
Most however will stray away from this focus, but instead spend their time looking for different ways to avoid doing work. They’ll procrastinate while searching for ways to be lazy, thus getting nothing done.
They read all of the various ‘Make Easy Money’ sales programs on the Internet, that promises they can make hundreds per day before breakfast. Software that guarantees massive riches on autopilot. Many will fork out the money, to learn this incredible new ‘secret.’
Some of these programs work, many are incomplete, bogus or forgeries. The majority are copycats of each other.
They have one thing in common however, and that’s you need to take action for you to make any money.
Frustration then usually sets in, when the promised easy ‘Push-Button’ solution to fast money, doesn’t come true.
Then they’ll buy another money making program, then another, anything that satisfies their greed. Rinse and repeat, as some will spend years in this cycle.
Giving Up Too Soon
This is more human nature than anything else, where many will buy these various money making programs, but will give up too easily and quickly. Then they’ll say,’Hey, at least I gave it a shot.’
Learning anything new takes time, a lot of trial and error.
After all, you wouldn’t expect to perform open heart surgery right after reading a ‘How to guide’ in a medical textbook. The Internet Marketing profession is no different.
Even if that new Affiliate marketing program seems plausible in theory, you’re yet to make a single dime from it after several months, so you become skeptical.
You haven’t made any money, because you haven’t given it your full genuine effort.
If you do find a money making system that actually makes money, alter it to fit your personality.
Don’t follow the crowd by using the same keywords, or the same niche or landing page. Change things up a bit, be unique, test and tweak, just be different.
Quitting Too Easily
In the beginning, the results may be meager. But what you realize, is that the principles of a particular marketing system works.
So you pour your effort into it. You might even make a few dollars, but you still think it’s not worth your time.
So you give up, even though you know if you applied your full-fledged effort, worked out all the kinks and scaled it up, that you can possibly make money with it. But you decide not to.
That’s when your inner lazy kicks in, the beast that is procrastination, as you think there has to be an easier way. So you look for a different money making method.
The Money Is In The List
What every successful Internet Marketer will tell you, is to compile an email list. Yet most don’t bother to do so. They think it’s too much work, thinking there must be an easier way around it.
There are a variety of ways to monetize an email list of prospects. Offer them affiliate products, your own products, send them CPA offers. They’re expecting to hear from you.
This also isn’t saying go ahead and spam the crud out of the your list, as they’ll just unsubscribe or ignore you.
But if you send out your emails using an autoresponder, sequenced properly, you should be able to generate a sale or two, or provide some valuable information to the subscriber.
Building a focused email list can be the best thing you do.
You the don’t need Facebook ads, Google or Bing SEO advertising, or do Media Buys, as you’ll have an audience on demand, whenever you need it.
So What’s Your Excuse
‘This is too hard,’ or ‘I’m not smart enough’ or ‘This will never work.’ Excuses that are easy to make. Those who are successful don’t make excuses. They know that they will overcome any setback.
The majority who fail don’t bother to adapt, or once they do, they won’t bother to apply it. They come up with reasons why they shouldn’t take action, making failing easier.
The cost of entry into Affiliate Marketing is relatively affordable.
But it takes a lot of trial and error, testing and tweaking, sweat equity effort, and not getting discouraged. So take action on a daily basis starting now.