If you start to learn about affiliate marketing simply by jumping into it with no advanced preparation, chances are quite high you will fail. I know this isn't the type of fact that you get from the standard affiliate marketing guide book, but it is often the reality. If you're unclear on why people fail during affiliate marketing selling, then the probability of you falling short will increase, as good research is advised. Be prepared so you will not make the same mistakes.
Be tuned in to the 7 most common pitfalls why many marketers fail within the affiliate marketing game so you'll do things differently. At the very least, if you understand why they fail, you would be able to identify the warning signs as your own affiliate marketing efforts are involved.
Reason #1: No niche choice strategy
If you do not use a well-designed niche method, don't be shocked if the niche you choose is no winner. Maybe your website gets a heap of traffic, perhaps it gets a ton of media attention, however for some reason you're not creating any cash out of it. Your website pulls a lot of traffic, however few people convert and you don't make a lot of cash from the conversions. One thing is wrong and if you are doing a reality check on your business, it might be as a result of the actual fact that you didn't have a credible, tried, and proven niche strategy obtained right from the start. You built your business on sand instead of rock.
Reason #2: Bad niche choice strategy
Simply as bad as having no niche choice strategy could be a bad niche selection strategy. What could be a unhealthy selection strategy? Well, it will mean you use "specialists'" niche recommendation. This can be a serious problem because it's means simple for us to assume that if an individual is an knowledgeable or a recognized authority, then they would understand what would work for you. However here's the problem, their call for the "best" niche for them probably will not work for you. They can claim a niche to be "a winner", but it typically seems that the explanation why they do well with that niche is because it fits them. It doesn't necessarily mean that that niche will work for you too as they are not you. They are not living your life. They do not have your explicit set of circumstances nor talents. They're living their own life and business. You have got no business automatically copying and pasting their niche recommendation, but you want to have a passion or some kind of connection with the niche you choose as you have to own a distinct segment choice strategy that makes sense as far as your needs are involved. Just don't copy without given any thoughts to it.
Reason #3: Trendy niches
Simply as a result that a lot of people are excited about a niche product doesn't necessarily mean that you've got to jump in as well. It may well turn out that this niche is short-lived or it is simply not your "cup of tea". This is often true when everyone is promoting that niche and the market is a bit saturated when people are bombarded with messages around that trendy product. You may want to research deeper regarding the demand and sustainability of the demand in a trendy niche. Otherwise, you may finish up holding an empty bag as there is a lot of competition around.
Reason #4: No unique selling proposition
A lot of affiliate marketers fail as a result of they put up a website that at the end of the day does not really offers something new. People interested in their niche would continuously ask themselves, why go here....on this website, when I can get the same actual stuff from a different website as well. If you can not answer the question why you are not offering something different than your competition, you have no unique selling proposition. Your website - as a practical matter -, isn't going to succeed. You need to strive to be unique or having a different style of presenting it then everybody else so your website or you (branding yourself) stands out.
Reason #5: No affiliate branding efforts
A lot of failed affiliate marketers share a typical product. They have websites that simply promote one specific affiliate product. They did not bother making a particular brand for themselves or promoting other products as well. They just create a website for pushing one explicit affiliate product and leaving it at that. It is no surprise that when people are no longer looking for that affiliate product when the trend is over, they don't take a second look at these websites that these marketers have placed up. These websites end up dying when the need for the product has ended.
Reason #6: Instant millionaire mindset
If you automatically assume that you are going to be a millionaire soon when you put up an online venture, then it is clear why you're failing. Affiliate marketing could be a marathon, but it is a long term game and it needs skills. It is something that you've got to stay in for a very long time when tweaking and testing products that sell and learning the "trick of the trade". If you have an "instant millionaire" mindset to get rich quick, you may not remain interested or passionate long enough to see your business succeed, as it takes time. The online marketing arena has a fast pace and is constantly changing, so you need to be able to act upon it accordingly. A healthy and professional mindset is part of your strategy.
Reason #seven: Unwillingness to invest
If you're not willing to invest time and energy to your busines and to pay attention what is working and what's not and you only make small modifications, don't be too shocked to discover that it's solely producing zero results.
There is a saying: "you reap what you sow", which is mostly the case in various stages of life, so you have to put some attention to your business to see it blossom. If you don't have the marketing skills yet, educate yourself or subscribe to an affiliate network with likeminded people you can learn from and to interact. Take action. (Tip: subscribe to my VIP list for tips and freebies)
Keep these 7 pitfalls on top of your mind if you do not want to fail as an affiliate marketer. Work around them, as it is unevitable that you do make mistakes (after all...we are all humans), but now you know to pay attention to the pitfalls and to detect the most common mistakes, before it's too late.
If you're in need of some proper affiliate training, take a look at this video course how to sell as an affiliate marketer.