In my experience, affiliate marketing is one of the most powerful, effective and profitable ways of earning some money online. This method of building an online business gives anyone and everyone who has the focus and willingness, a chance to make money online. More people than ever, are now joining affiliate programs, as they are easy to join and can pay regular commissions.
However, as with any business, there are things to look out for, which can trip you up in the affiliate marketing business, and which can cost you time and money. Hence it is better to know how to avoid the most common mistakes right from the start. These are my 3 Don’ts.
Don’t work with the wrong affiliate company or person
Like many others, you will most probably want to earn a return from affiliate marketing as quickly as possible. Many people therefore pick the product or affiliate company that seems to be the flavour of the month. In my view, you should rather choose to market products that you yourself would be willing to buy and use – this is an important step too, so you can give a personal review of the product. So choose your affiliate products carefully and try to choose a product in which you are truly interested.
For any business to succeed, spend some time to plan and figure out your ideal niche and strategy.
So, in summary: Pick a product that appeals to you. Do your research about that product to know the current demand for the product. With ClickBank, which offers thousands of affiliate products in many different niches, each product identifies the level of sales and the commission payable to the affiliate. Promote a product that you are truly passionate about, rather than one just based on the commission payable.
Don’t join too many affiliate programs.
I made this mistake when I started out and it turned out to be a nightmare. Because affiliate programs are so easy to join, it is tempting to join all that you come across, thinking you can earn more money this way.
But, as I discovered, joining multiple programs and trying to promote them all at the same time became hard to manage – it is better to focus on just one affiliate program, at least in the beginning, that pays at least 50% commission. Then focus on that program and its related products until you have built up a list of at least 500 prospects and started to earn a reasonable income. Only then, should you consider joining a second affiliate program.
There is no need to rush, as the way online marketing through affiliate products is going, the future is looking really bright and this method will be around for a long while.
In summary: Decide on a niche that you are passionate about, choose one program that offers products into that niche and start slowly but surely.
You don’t buy the product yourself.
As I mentioned before, you should only market products that you are prepared to use yourself and which you feel are good products. You want to convince your prospects to buy the product, so a good review from you is a convincing way to start your promotion.
By buying and using the product yourself, you can decide if it delivers what it promises. You can then give a convincing review and testimonial of the product.
In summary: after researching your niche, pick a product you think will work and try it out. Then write a convincing review and promote to your lists.
Allow enough time to do things properly. Take the time to research your niche and your marketing strategy to ensure you are heading in the right direction. If done properly, you will be able to build a successful affiliate marketing program and enjoy a worthwhile income from your efforts.
I am a keen blogger and online entrepreneur and have learned a lot of what makes for a successful online marketer. Blogging is one way of sharing your entrepreneurial knowledge and success.