Professional Community for Car Dealers, Marketing, Advertising and Sales Leaders
Today internet is loaded with ideas to make money online and affiliate marketing remains on top of the list. It is beyond doubt a great way to earn money, because it just gets started with no or little investment. Then why do people fail to achieve success? In case you aren’t making money out of affiliate business, then you need to note the following 6 traps that can kill your business.
1. Believing that affiliate is all about inserting links:
One of the greatest mistake people do is put up affiliate company links, banner and generic ads on site and think that sales would follow automatically. Well, that’s far away for the reality. Instead of wasting time in making your website look glorified with full of banner, it is better to concentrate on posting informed product reviews, especially it works with google play app ratings,when you promote your mobile app. Write about benefits of listed products and this would surely encourage your readers to check out the products.
2. Promoting too many programs at the same time:
The prospect trap is a deadly mistake into which lot of people get fascinated. It is simple, the more campaigns you will have, the less you would be able to concentrate on. Many new offers would come your way, but it is good to focus on one or two in the start. Later you can try different strategies and know which works best for you. Note – Once you are stable with product commission then think of second affiliate product to list. Even then if you are looking to sell many at time, then go with product clusters in same associated niches to promote them.
3. Assuming that marketing in single method is enough:
Giving up just by trying on single method is a big mistake most affiliate marketers do. At times it takes lot of effort and different marketing strategies to start making money online. It cannot happen overnight or just by submitting few articles to article directories. Concentrating on one strategy will limit your budding buyers and traffic. You will have to learn to try several methods and work hard at it to make it happen.
4. Believing in short term instead of long term:
As an affiliate marketer you must concentrate on long term profit, this is not for people that need fast cash in short time. The moment you think of taking up affiliate marketing business have a mind set of long term profit. Conversely, PPC is a great way to quick money, but the amount of hard work and conscious effort you put in, you deserve better. So, more than anything else, you must make marketing paths that can give you good results even 5 years down the line.
5. Assuming all the products at sellable:
Much research is required before you jump in affiliate marketing if you want to avoid regretting later. You must find out by researching affiliate programs that essentially have something worth selling. Many programs also offer 80% commission on sales, but then if you are not able to sell any, there is in turn no profit. Don’t get trapped by such extremely high sale commissions. Learn to do your home work!
6. Believing Prospect will come back without Follow-up:
No, don’t expect your budding customer to come back without having a follow-up system completely in place. This is the way to create trust among you and potentials, which would help you create even more income. So keep in touch with your prospects, until they buy from you and even after that, because they will use to buying on your recommendation.
If you avoid falling into the above traps, I’m sure you will make it up to your goal. Just fix the simple things in place and you’ll start making a lot more money.
Comments are closed for this blog post