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    You are here: Home > Affiliate Marketing > Internet > Internet Marketing > Technology > Uncategorized > Affiliate Marketing Pitfalls

Mar

27

Affiliate Marketing Pitfalls

Posted By: on March 27, 2012 at 8:45 pm

Affiliate marketing is one of the most effective and powerful ways of earning money online.

I personally believe that for many people looking to make extra money online, affiliate marketing is (generally speaking) easy to understand, easy to setup, and it gives the little guy or gal a chance to make $$$ through the Internet. Since most affiliate marketing programs are easy to join, easy to implement and as they pay commissions on a regular basis, more an more people are joining  affiliate marketing programs.

However, like all businesses, there are major pitfalls in the affiliate marketing business. Committing some of the most common mistakes will cost you a large portion of your potential earnings. Obviously, it is better to avoid them up front, day one, rather than being regretful and leaving dollars on the table after the fact.

Mistake number 1: Choosing the wrong affiliate.

Many people want to earn from affiliate marketing as fast as possible. In their rush to be part of one, they tend to choose a bandwagon product. This is the kind of product or service that the “Affiliate Network” thinks is “hot”, and they choose the product that is in demand without actually considering if the product appeals to them.  I personally have done this in the past and I can tell you from experience that it is not a very wise way to approach the business.

Instead of jumping on the bandwagon, try to choose a product in which you are truly interested in. For any endeavor to succeed, you should take some time to plan and figure out your actions.  The product you choose should be a reflection of your own designed website and personality.

Pick a product that appeals to you. Then do some research about that product to determine if it is really in demand. Promoting a product you are more passionate about is easier than promoting one for the sake of the earnings only.

Mistake number 2: Joining too many affiliate programs.

Since affiliate programs are very easy to join, you might be tempted to join many in an effort to maximize the earnings you will be getting. Besides you may think that there is nothing wrong and nothing to lose by being a part of multiple affiliate programs.

True, that is a great way to have multiple sources of income.  However, joining multiple programs and attempting to promote them all at the same time will prevent you from concentrating on anyone of them to do it justice.  It’s very VERY easy to lose focus if there are too may.

The result?  The maximum potential of any of your affiliate programs will not be realized and the income generated will not exactly be as grand as you were thinking initially it would or could be.  The best way to get excellent results is by joining just one or two programs that pays a 40% commission at least or better.  Then give it your best efforts by promoting that product or service enthusiastically.  As soon as you see that it is making a reasonable profit consistantly, then maybe you can join another affiliate program.

The best technique is to do it slowly but surely. There is really no need to rush into things, especially with affiliate marketing. With the way things are going, the future is looking real bright and it seems affiliate marketing will be staying with us for the long haul.

Mistake number 3: Not buying the product or using the service.

As an affiliate, your main purpose is to effectively and convincingly promote a product or service and to find customers. How can you do this without trying the products yourself?  You need to experience the product or service in your everyday life to really know if it is good enough to get your seal of approval,.. otherwise, you will fail to promote and recommend them convincingly. Which means, you will fail to make any customers.

I suggest that you FIRST try the product or service BEFORE you sign up as an affiliate to see if it is really delivering what it promises. Once you have done this, then you are in a great position to make new customers as an affiliate. Your customers will then trust what you have already shared with them.


 

Many affiliate marketers make these simple mistakes and are paying dearly for their actions. Again, I suggest that in order for you to  not fall into the same situation, try to do everything to avoid the above pitfalls.

Time is the key, and now is the time for you to analyze your marketing strategy and check if you are on the right track.  If done properly, you will be able to maximize your affiliate marketing program of choice, and earn higher profits.

    Filed Under: Affiliate Marketing , Internet , Internet Marketing , Technology , Uncategorized

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