**** BWMagic's Affiliate Marketing Guide
Affiliate Marketing Guide To A Monthly Online Income
Affiliate Marketing Guide |
Full Time Affiliate Marketer
Listed in this online guide are
practical tips/advice on how to
earn an Affiliate Income Online.
These affiliate marketing strategies
come from first-hand experiences
in affiliate marketing.
Put These Proven Strategies
to work for you...
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My Biggest Mistake In Affiliate Marketing
(And HOW You Can Avoid It!)
Copyright © 2008 Titus Hoskins
We all make mistakes, it's a fact of life. It's no
big deal in the whole scheme of things as long as
we learn from our mistakes and move forward. The
same goes with affiliate marketing since everyone
will probably make mistakes at first, but as long
as you fix them, it's no big deal.
However, some mistakes are much more costly than
others and we are not just talking monetary costs.
These mistakes are the ones we only discover years
down the road after we have lost hundreds of
thousands of dollars and more importantly, wasted
valuable time doing something that was totally the
wrong way to do things.
Recently, one of my biggest mistakes in affiliate
marketing hit me front and center. Although I make
a very comfortable living as a full-time affiliate
marketer, this mistake has cost me significantly
over the years.
Perhaps a brief rundown of the common mistakes many
affiliate marketers make would prove helpful.
Some of these mistakes are:
- you forget to build a list
- you fail to track your affiliate links/traffic
- you don't develop your own unique selling position
- you link directly to your affiliate link instead
of going thru an interior keyworded page
- you ignore MSN and Yahoo
- you forget to diversify your affiliate products/networks
Plus, the one major mistake many beginning affiliate
marketers make: they try to sell products directly to
potential customers.
This is not the way to proceed on the Internet. You must
try to solve a problem first and then sell later. Most people
using the web want to solve a problem, anything from how to
lose 50 pounds to finding the right student laptop for
a son or daughter. They want help solving a problem first
and foremost. Your goal as an effective affiliate marketer
is to solve their problem for them... selling should always
come second or as a by-product of this whole interaction.
Help first - sell later.
By giving advice and help, you establish your credibility
and trust-worthiness with your potential prospect. It is
a win-win situation, they get valuable helpful information
to solve their problem and you end up with a sale or a
friend.
This whole idea of pre-selling is a very effective method
for affiliate marketing but is a common mistake many beginners
make or rather fail to do. So if you're just starting affiliate
marketing make sure it is not a mistake you're making.
But my biggest mistake had nothing to do with those
discussed above; from the get-go I was building my
lists, linking to keyworded interior pages, optimizing
for all the search engines, diversifying my affiliate
products/networks. Most importantly of all, I was
"pre-selling" by helping my potential customers with
online guides, e-courses, advice... and only selling
as a fall-out from all this online trust building.
All these steps worked wonders for my online marketing
and my bank account...
However, I missed one key factor or element in my
affiliate marketing. I didn't "leverage my returns"
or rather I didn't max out what I could get from my
affiliate marketing efforts. I settled for what the
affiliate networks were offering... this ranged from
2-3% up to 50-70% commission on a sale. All good money,
considering all you had to do was find the customer for
the client/company and they would handle all the rest
such as order taking, delivery, customer service...
all you had to do was deliver the potential customer
to their affiliate link.
Let me explain further, for years I was satisfied with
this arrangement because it suited me to a "T". It gave
me an easy lifestyle anyone would envy: own boss, work
at home, automatic income while I slept. All you had to
do was deliver traffic to your affiliate links to earn
a comfortable income online - no headaches, no hassles
- just receive your countless checks each month. But there
was one problem, these were only one-time sales, ie. most
affiliate sales thru the major affiliate networks like
Commission Junction, Linkshare, Shareasale... only paid
you commission once and that's it.
Now, why was that a problem? Well, in one of my niches
I was selling/promoting a service where I knew the customers
I were delivering would be long-term paying customers earning
those companies money for years to come... I was only getting
a one time sale and perhaps a bonus incentive if I worked
really hard.
My Biggest Affiliate Mistake
This was my biggest mistake: not going after long-term
residual affiliate income from the start. Like most affiliate
marketers, I concentrated all my marketing on getting that
one-time sale. I eventually realized my mistake and approached
the companies involved, a few even gave me private deals with
"residual income" for the life of the client. Now, which companies
do you think I will be concentrating most of my marketing efforts
on in the future?
But why stop there?
I could further leverage my affiliate income even more
by offering a "white label" or a co-branded service thru
my own website. It would greatly increase my share of
the sale and give me long-term revenue. I believe, this is
where many affiliate marketers drop the ball, they don't
fully explore "white label", "co-branded products", "full
resell rights", "back-end profits" and "residual income"
when they think of affiliate marketing.
Now some may argue this is more of a "hands-on" arrangement
and may involve more work on your part but the rewards
will be well worth it; for instead of getting a one time sale
you could be building long-term residual income for years
to come.
Likewise, you should try to "leverage your returns" when
picking affiliate products or programs to promote; if possible,
always go for those with residual income. Don't make the
mistake of settling for less, always check out the maximum
return you can get on your affiliate marketing. Investigate
special private deals or arrangements with your affiliate
partners and bargain for a bigger share of the pie.
Like me, you may be pleasantly surprised at the results.
...
Everyone has a story! Mine is called: "In Search Of The $100 Click
or How I Found A Full-Time Online Income And Came To Love The Internet"
It's located here: Online Income
Copyright © 2007 Titus Hoskins. This article may be
freely distributed if this resource box stays attached.
Please feel free to contact us.
contact@bizwaremagic.com
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