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Title: 10 Great ways to fail as affiliate 'seller' Copyright Eric Koshinsky, 2003
Only by knowing how to fail are you able to succeed.
10) mlm Pyramid schemes:
If you don't know it already, multi-level marketing and other pyramid schemes really only work for
very few who get in early. There is also a general mistrust of mlm in
public which makes them harder to work with. Don't confuse mlm with a two tiered (leveled) affiliate program that pays you a bonus on referral comissions as well. Unlike MLM, your earnings are NOT dependant on recruiting in decent affiliate programs.
9) Awful programs with terrible payouts
Be very careful in choosing what you promote. Go over promo material first, and get yourself a freebie copy (or some sample chapters etc.) to preview before you join
program. Watch out for programs that pay a 2% comission on a $4.00 product and only send a check once you have reached $200 in total earnings!
Ok that was a bit exagerated, but you get
point. Look for a good balance of comission rate, product cost, and payout level before you go gangbusters promoting a dud that will never produce any income. Also, do a little research on
company before hand. Contact
people giving 'testimonials', visit alexa.com to see where they are positioned, and keep an eye out for others promoting
same programme.
8) Trying to beat
system
This is normally a result of a "I'm gonna get rich quick" mentality. Trying to beat
system will always result in failure. It may not be immediate, and you may even make a little money at it for a while, but you will get caught. Many affiliate programs are now starting to make use of black-list data. This is information about individuals that have tried to scam affiliate programs, used inappropriate marketing techniques such as spam, or in some way broken an affiliate Agreement. Once you are placed into such a list, you will quickly find it hard to join quality affiliate programs. The simple way to avoid this is: find quality programs that you are genuinely interested in, buy, subscribe or use them, and then promote them with integrity.
7) You have no stake/interest in
product you are representing.
There can be any number of reasons for this. You don't like it, you don't know anything about it, it is your brother's product, you only took it on becuase it pays $25 per lead. Any one of these reasons will seriously cut down your profits. Basically, if you're not into it, skip it. The less interest you have in what you are doing,
more difficult it is to succeed. More on this a little later.
6) Unrelated to your website
This is one of
biggest and most common mistakes. Usually it is caused by a strange illness called Big-Payout-itis. You can normally tell a victim of this disease because they are normally found in a daze with $$ in their eyes. Keep
products you represent simple, relevant, and related to
content and purpose of your site. Big payouts are not
direct ticket to big profits. If you give your visitors a meaningful and compelling reason to click
link, you will get profits. Never forget that 20 sales at $5.00 each and 5 sales at $20 each are
same as 1 sale at $100. Think of yourself, how much are you willing to comfortably spend? How does that compare with your visitors?
5) No context (like a banner ad - sitting there looking bad)
Bare - "click me pleaz so I can make sum $$" links and banners will ALWAYS underperform a contextualized text link. Normally such links don't perform at all. Unless there is some reason for your visitors to click your links, they aren't much different from
guy on
street walking up to you saying "psst, hey buddy...wanna buy a watch?". Not likely. Surround your links with information that is relevant to
link and where it will take
visitor. To do this, you need to know
products or services you are recommending. Most often you know
products or services becuase you own or use them, or have seen first hand how they produce benefits. You simply can't get this kind of knowledge by reading
ad copy on a site - if that's all you do, most likely you've been hyped!