Why Picking the Wrong Affiliate Program Can Be a Mistake.
As an affiliate, our sole purpose is to promote a product or service effectively and persuasively and to find customers and since these affiliate marketing programs are simple to join, utilize, and pay a commission on a regular basis, more and more people are choosing to give them to subsidize their income. There are, however, many traps in the affiliate marketing space which can cost you and me to lose significant amounts of money because of committing common blunders.
Here are a few pointers to ensure we don’t run down every rabbit hole that presents itself.
- Time is Your Friend.
It is important that we take the time to evaluate our marketing strategy and see if we are on the right track. A properly organized program will allow us to maximize our affiliate marketing efforts and earn higher profits.
- You Can't Convey to Customers That a Particular Product or Service Works if You Have Not Tried it Yourself.
Because of this, we will not be able to promote or recommend the product convincingly, and so, we fail to create a desire in our customers to purchase anything we are providing. However, if you and I have experienced the product or service, we are a credible, living testimony of its advantages and disadvantages and this confidence will be picked up on by our customers and possibly encourage them to try it out for themselves. So, before we sign up as an affiliate, we first check out the product or service ourselves to ensure it is delivering what it promises.
- Choosing The Wrong Affiliate Program.
Maybe like me when you were starting out on your affiliate journey you wanted to profit from affiliate marketing as soon as possible. In my haste I became part of and paid money for a few programs that did not deliver on their promises. This was also my first introduction to up sales. This is why Wealthy Affiliate has been such a good fit for my journey because the payment structure is inclusive of so many extra's. Instead of grabbing hold of the myriad of products promoted by all the TikTok ‘gurus’ choose one that you are passionate about and take time to research, and plan and strategize and find out if it's in demand. Remember it's easier to market a product that you support, than to market one for money alone.
- Joining Too Many Affiliate Programs.
Although you may be tempted to join multiple affiliate programs to maximize your earnings, you should resist the urge because by promoting them all at once will prevent you from concentrating on one product or program effectively.
Rather than dividing your efforts, join one program that pays a good commission and stay the course by promoting it as enthusiastically as possible. Once you see that it starts to make a sizeable profit, you might consider joining another affiliate program. Successful Affiliate marketers believe that the best strategy is to proceed slowly but surely.
In the words of Ilir Salihi, "One of my first niche sites was a financial blog promoting alternative investments. I started publishing in-depth, evergreen content that I hoped (with time) to rank in search results. My site slowly started to rank, and it took a while before earning any commissions, but kept at it. After about six months of blogging, it earned an affiliate sale that paid just over $2,000. I couldn't believe it. Until then, I only had a few small wins with low ticket items, so to net $2,000 from just one affiliate sale, I almost fell out of my chair. The following month, the blog earned another commission - again over $2,000. This was when I realized affiliate marketing was something I had to take seriously.”
I have had to learn to be patient and not rush in because if we do it correctly, we will be able to enhance our affiliate marketing efforts and earn more profit not just today … but also for the future
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Very true words, Jacob! Right now, the only products that I promote are the books that I write, my friend!
Jeff
Sounds intriguing Jeffrey. Do tell me more
I have 23 (or is it 24?) books on Amazon's KDP platform, and my book promotion site is geared to direct people to the individual slections to peruse and perhaps buy one. I get a nice Royalty versus a paltry 1% commission if I was an Amazon affiliate--which I am not. The bulk of the posts alos talk about various writing skills, and other things! We shall see how it all goes, Jacob!
Jeff