Tuesday, January 31, 2006

How to Avoid the 3 Most Common Affiliate Mistakes

Affiliate marketing is one of the most powerful and effective way to earn some money online. This business gives everybody a chance to make a profit through the Internet.

Because affiliate marketing programs are free to join, easy to implement and pays a commission on a regular basis, therefore, more and more people now are willing to get into this business.
However, there no business is perfect, affiliate marketing just like all of other types of businesses; it has lots of pitfalls as well. If the marketers are not careful and committing to some of the most common mistakes, it will cost them a large portion taken from the profit they are making everyday. That is why it is better to avoid them than be regretful in the end.

The following are the 3 most common mistakes that affiliate should avoid to make.

1. Choosing the wrong affiliate.

Many people want to earn big amount of money from affiliate marketing as fast as possible, because their rush, they tend to choose products that the program thinks is “hot”, also can call it a bandwagon product. But in fact, they choose the product that is in demand without actually considering if the product appeals to them. Obviously, this is not a very wise move.

Instead of just jumping on the bandwagon, try to read, study more and choose a product in which you are truly interested in. In order to succeed, you should take some time to plan and figure out your actions.

Pick a product that appeals to you. Then do some research about that product to see if they are in demand. Promoting a product you are more passionate about is easier than promoting one for the sake of the earnings only.

2: Joining too many affiliate programs.

Since affiliate programs are free to join, you might be joining multiples of affiliate programs to try and maximize your earnings. Besides, you may think that there is nothing wrong and nothing to lose by being part of many affiliate programs.

Yes, you are right, that is a great way to have multiple sources of income, or to earn multiple stream income. However, you won’t be able to concentrating on each of them if you joining multiple programs and attempting to promote them all at the same time.

As a result, the maximum potential of your affiliate program is not realized and the income generated will not exactly be as huge as you were thinking initially it would.

Therefore, the best way to get excellent result is by joining just one program, which at least pays a 40% commission. Then give it your best effort and promote it with passion. Once you see it is already making a reasonable profit, and then you may consider joining another affiliate program.
This technique has to do slowly but surely. There is really no need to rush into things, especially with affiliate marketing. With the way things are going, the future is looking real bright and it seems affiliate marketing will be staying for a long time too.

3. Not buying the product or using the service.

As an affiliate, you main purpose is to effectively and convincingly promote a product or service and to find customers. For you to achieve this purpose, you must be able to relay to the customers with certain product and service.

It will difficult for you to do if you have not tried these things out by yourself. Thus, you will fail to promote and recommend them convincingly. You will also fail to create a desire in your customers to avail any of what you are offering.

Before you sign up as an affiliate, try the product or service by yourself first, then to see whether it is really delivering what it promises or not. If you have done so, you will know the advantages and disadvantages of the product or service; you can also write an article about product or service review as living testament. And then your customers will feel your sincerity and have truthfulness in you. This will trigger them to try the product or service out by themselves.

Many affiliate marketers are paying dearly for their actions because makes these mistakes. To avoid falling into the same situation as others, try to follow this above three simple rules. Then you will have an easier life.

Time is the key. Take the time to analyze your marketing strategy and check if you are in the right track. If you done all the work properly, you will be able to maximize your affiliate marketing program and earn higher profits.

Ann Liu, an affiliate marketer and founder of bizbizlink.com, to learn how you too can succeed on Internet and affiliate marketing, go to http://www.bizbizlink.com and sign up our free newsletter.

Is There an Affiliate "Free Lunch" Program?

"Everything worthwhile has a cost... Whenever you think you are getting something for nothing, look again—someone, somewhere, somehow is paying for it. Behind every free lunch there is a hidden cost to be accounted for." Edwin G. Dolan

If you, or any of your business prospects, believe that time is money, then yes, the "There Ain't No Such Thing As A Free Lunch" principle DOES apply to your internet business. What you can't invest in money, you will have to invest in time. You will have to be able to put the axe to the grind for more hours per day or week, and you will have to wait for more weeks and months before your ship comes in. Those are the facts.

If you are able to think outside the box (and few internet entrepreneurs CAN'T!) then the principle can be stretched a little. Are you balking at spending a few pennies a day to boost your sales? Do some research comparing what your marketing program offers and what the same services cost on the open market. Compare what information your program offers and what you can learn elsewhere. For example:

* find some online business forums and search these topics: free advertising, phone follow-up techniques, sample follow-up letters, sample phone scripts.

* investigate your and other affiliate marketing programs for all the above plus services and tools such as: prospect notification, contact manager, online forum, billing and revenue collection, gateway website, company resource center, free sales and marketing tools, affiliate training courses, successful team support, commission or compensation schedule. In other words, look at EVERYTHING that the program will give you for free.

* research what you would have to pay for any or all of the above tools, hints, and services.

How does your affiliate program measure up? What do you get for free and therefore, what do you save? How much can you afford to invest based on these savings?

If you absolutely HAVE NO MONEY to invest, that's one thing. If you have a knee-jerk reaction to investing in something that "says it's free", think again. What other business in the WORLD besides one on the internet can you begin for NOTHING? How many pennies a day can you AFFORD to invest in your business, maybe not now but as soon as possible?

If you have nothing, you can start and run a business. You will have to pay for it, however, with time. Free ads need to be worked every day. Free ads drop out of sight as new ads follow. You need to study your product till you know it inside and out, so all prospective affiliates can be led, encouraged, taught how they too can succeed. Since the name of the game is visibility amongst the billions of offers on the internet, you can't afford to waste a single hard-won prospect.

Without any money to invest in advertising, this will be a long slow process. You will have to determine how YOU can best achieve sales and attract affiliates, because each person's skills, style and dislikes are different.

You need to be internet savvy because all the information you require to succeed is out there, you just have to know how to find it. Study, seek your own answers, and know where and how to ask questions. You will win the game with patience and persistence.

About the author:Glenn Beach is a poet, writer and home business entrepreneur in Nova Scotia, Canada. Free newsletter, more articles, and business start-up info at: http://www.work-at-home-business-opportunity-canada.com

Affiliate Marketing - Tried and True

Creating a home business is never easy; however, marketing online using affiliate programs as a stream of income is one of the simplest as well as most economical ways to begin earning an income from home.
What is affiliate marketing? Simply put, it is when an online marketer promotes a company's products and receives a percentage of all sales that result from this promotion. The online marketer may have a website, blog, and/or mailing list that he or she can promote various products through. Because the vast majority of affiliate programs are free to join, the costs associated with this type of online business are minimal. This is one of the reasons affiliate marketing has become so popular as an alternative to the more traditional type of home-based business.

Affiliate marketing has many other advantages for the work at home entrepreneur as well. Because there are so many companies who now have an online presence, there is a plethora of industries from which to choose. The secret to affiliate marketing success is to uncover niche markets whose products are in demand and then promote to that particular market segment those companies whose products fill that demand. The cost of doing business online is so small compared to a brick-and-mortar business, an entrepreneur can built a series of niche websites promoting a variety of affiliate programs and using various online marketing techniques can soon develop streams of income from their sites - all done on a very economical level.

Best of all, once the initial work is done, most of the websites then become an almost automatic stream of income. Content does need to be added as well as updated, but once a website is up and running, the work at home entrepreneur is then free to explore and develop additional niche markets. Each website then adds to his or her income stream on a regular basis.

There is a period of time before any income can be realized, but once profits from affiliate program marketing begin to flow, the secret to continued success from affiliate marketing is to increase the number of websites and related content so that the income is coming from several sources.

It takes time and effort to get an affiliate marketing business up and running, but the rewards are significant. Unlike many other internet business models that have come and gone, it is a way of earning an income online that has stood the test of time and continues to be profitable today.

Down-sized? Under-employed? Or would you just like to add to your present income? Then you need to visit http://www.homebizjunction.com to discover all the possibilities for creating an income from the comfort of your home. Learn how to escape the rat race once and for all!