28 Jan
Posted by ThickWallet as Affiliate Marketing
Unfortunately, most affiliates lose more money then they earn. Some affiliates will make some pocket change, but soon quit because the time, effort, and dedication necessary to make it rich as an affiliate does not align with their need for instant gratification and success.
You want to become an affiliate to make money, not to fulfill a need of “users”. Everyone wants to make money, but if you decide to become an affiliate solely based on the pursuit of money, it will show early and you will not last long. Create something that users will find useful, learn how to sell through the site, and you will be well on your way to making big money.
You have no business acumen. Yes being an affiliate is certainly more fun then filling out TPS reports at your day job, but it is a business. Most do not know a lick about running a business. A lack of general business knowledge will greatly hinder your success.
You don’t know how to sell (or market). You make money when someone buys something, don’t you think you should know how to make them buy? Text links and banner ads do not click themselves. As an affiliate, you are an extension of a company’s sales staff. Act like a salesperson, think e-commerce, and start selling!
You can’t scale. If you think one site is going to make you rich, you are dreaming. Hey, I am a dreamer too, but not about affiliate marketing. When it comes to affiliate marketing you need to have multiple sites, with multiple offers, in order to make the big bucks. What if every week you could create one site that made you $500 a month….Learn how to build sites that require low maintenance, and then work towards creating and promoting a lot of them.
You try to do it all yourself. How many people do you know that are sucessful by themselves? Chances are none. Why? Because you need help from others in order to make it big. You can waste your time doing things you suck at or, you can outsource what you suck at to others who are could at while you concentrate on doing what your good at. The results will be better and you will make more money.
You lack persistence and the willingness to succeed. Listen, I worked 100 hours a month for six straight months when I first started as an affiliate and made a whopping $100. Do you have the persistence and willingness to suceed that it takes to sacrifice that much time for so little gain just that you have the possibility of making big money in the future? Most people don’t and that’s why most affiliates aren’t that successful.
Spend two hours a day, every day, for the next six months, reading about affiliate marketing, listening to affiliates speak, experimenting with your own site, and following the information, programs, and techniques discussed on this site. I might not have every answer, but I have the answers that will help you to avoid all of the mistakes I made. So sit down, shut-up, and let me help you to become blinded by profits!
13 Responses
Don
January 28th, 2007 at 5:24 pm
1Good post and right on the money (no pun intended).
If everyone would treat Internet Marketing and Affiliate Marketing like a brick & mortar business, many more people would succeed.
Too many get into Aff Markeing with no money to spend and expect to make $10,000 a week. Not going to happen! Two cliches - it takes money to make money and you get out of it what you put into it. Burn those into your brain!
Don
ThickWallet
January 28th, 2007 at 5:46 pm
2Thanks Don!
I agree fully that it takes money to make money. Some people forget though that TIME = MONEY, and the more time (money) you invest the more you will get in return.
aaron wall
January 30th, 2007 at 4:28 am
3I was really ignorant about business when I came online. I think I only started learning business stuff because I kept getting so overwhelmed and needed to create filters to have some semblance of sanity.
ThickWallet
January 30th, 2007 at 1:42 pm
4Aaron that leaves out hope for any and all affiliates. The difference between you and most, though, is that you realized a weakness and worked amazingly hard to improve it to the point were it is now a strength.
Much of what it means to be business savvy is to have common sense and to make that common sense “common practice”.
5 Star Affiliate Marketing Blogs, Google and SEO Blog
February 2nd, 2007 at 10:31 am
5You Will NEVER Succeed at Affiliate Marketing If…….
What are some of the main reasons affiliates fail? We’ve all heard the saying - Do what you love and the money will follow. A super affiliate and an affiliate manager tell you the same principle applies to affiliate marketing…
……
6 Traps to Avoid For a Successful Affiliate Marketing Program
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6[…] Screen Glare, a site dedicated to affiliate marketing, has published an article called "Why YOU Will Never Succeed at Affiliate Marketing" that speaks directly to the max-money minimum-time crowd of affiliate marketers and looks at some of the likely reasons that most affiliates fail. […]
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7[…] Great post about how you will know if you won’t succeed in affiliate marketing over at ScreenGlare. Food for thought if you’re struggling. […]
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11[…] Let s face it, most people get into affiliate marketing thinking they are going to get rich quick. affiliate does not align with their need for instant gratification and success. Here s Why YOU Will Never Succeed at Affiliate Marketing You want to become an affiliate to make money, not to fulfill. a dreamer too, but not about affiliate marketing. When it comes to affiliate marketing you need to have. about affiliate marketing, listening to affiliates speak, experimenting with your own site (continues) […]
Michael Robinson
July 18th, 2007 at 9:09 pm
12Perhaps 95% of all future affiliate marketers will fail, but not all. However your Headline should stand if for no other reason than to get your visitor’s attention.
Hopefully someone will look at the business with a highly in-depth analyze of what is wanted in relation to the amount of work it will take to obtain their goal.
Michael Robinson
DayJobNuker
August 7th, 2007 at 7:58 pm
13LOL, good post. Everyone should know that IM is harder than a day job. But then, you have no ignorant boss to push you around.
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