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Digg it UP - Affiliate Marketing - 10 Reasons Why You Continue To Fail
Ditch the business plan and buy a lottery ticket. That's what I tell new entrepreneurs who seek angel or venture funding. The odds are probably better, you will save yourself a lot of time and grief and you'll get results sooner with the lottery. If you have a great idea that can change the world, then bootstrap your way until you can prove it. Funding will come just when you don't need it.I've mentored and helped fund dozens of entrepreneurs over the past few years. There always seems to be a “catch-22” — you n
4. Not Analyzing Stats – Analyzing you’re stat
One of the questions that you may ask your self when you start creating information products, or really any products, is what you should set the selling price at.There are really two schools of thought on this. This first says that selling a high ticket item is not much more difficult then selling a low priced item and so its better to set the price of your product to something at the high end of your costumer's budget.Of course you won't be able to sell the same number of copies of the product at the hi
1. Get rich quick syndrome – If you are like I was when I first started I got into affiliate marketing thinking I can advertise a few links and the profits will start rolling in. Not only did I find this wasn’t true, I found myself actually losing money with advertising programs such as Google Adwords.
2. Inaccurate keyword research – Many times I find people jump into PPC advertising without knowing how to accurately target the most effective keywords. This can cost you big if you’re getting lots of clicks that aren’t converting into sales because they are outside of your target market. Before starting every campaign I suggest running test ad’s to accurately define your target market.
3. Lack of persistence – If at first you don’t succeed, try again. That saying was made for affiliate marketing. The first time around you may lose a few dollars promoting a product or program. You have to learn to not quit when you’re down. When first starting out it is very common to lose money before you start earning profits. My first month in affiliate marketing I lost around $300 with Google Adwords.
4. Not Analyzing Stats – Analyzing you’re stats
Having taught business management, marketing and customer service for many years I decided to write a short article the rights of the customer and how a dissatisfied customer should go about making a complaint. To read more articles about problem solving please visit our website at ITS Tutorial School – “A guide to problem solving”A customer has the following rights.• To find out information about a product • To choose a product • To buy a product • To get value for money • To be sati
2. Inaccurate keyword research – Many times I find people jump into PPC advertising without knowing how to accurately target the most effective keywords. This can cost you big if you’re getting lots of clicks that aren’t converting into sales because they are outside of your target market. Before starting every campaign I suggest running test ad’s to accurately define your target market.
3. Lack of persistence – If at first you don’t succeed, try again. That saying was made for affiliate marketing. The first time around you may lose a few dollars promoting a product or program. You have to learn to not quit when you’re down. When first starting out it is very common to lose money before you start earning profits. My first month in affiliate marketing I lost around $300 with Google Adwords.
4. Not Analyzing Stats – Analyzing you’re stat
No, you really don’t need a logo for your business; a logo is definitely not a must-have for your business, if you don’t care for your customers to remember you. After all, you are not as big as McDonalds or Sony or Nike and neither do you dream to be a big business, right? You don’t care if your customers think of your business, as a one off venture, isn’t it?Eh! What did you say? You want your business to grow? You want your customers to remember you and come back? You are home-based Internet business but you
3. Lack of persistence – If at first you don’t succeed, try again. That saying was made for affiliate marketing. The first time around you may lose a few dollars promoting a product or program. You have to learn to not quit when you’re down. When first starting out it is very common to lose money before you start earning profits. My first month in affiliate marketing I lost around $300 with Google Adwords.
4. Not Analyzing Stats – Analyzing you’re stat
When setting your business goals for the week, month, or year, it's worthwhile to follow a particular format that many great minds have written about over the years. First of all, they must be written down. A goal that is in your head is nothing more than an idea. Writing it will crystallize the goal and make you far more likely to accomplish it. All written goals should be in the present tense, positive, and personal. As you write them and repeat them to yourself, your subconscious mind will begin to believe it,
3. Lack of persistence – If at first you don’t succeed, try again. That saying was made for affiliate marketing. The first time around you may lose a few dollars promoting a product or program. You have to learn to not quit when you’re down. When first starting out it is very common to lose money before you start earning profits. My first month in affiliate marketing I lost around $300 with Google Adwords.
4. Not Analyzing Stats – Analyzing you’re stat
Do not pay for any help to obtain a grant to start a small business. Grants do not exist for small businesses UNLESS the small business owner wants it to be a non-profit and are willing to be audited and give that money to others. [Which goes against the purpose 99% of the time for opening a small business.] I have read hundreds of ads from grant directory publishers and they constantly State "get free grants [redundant since a grant is a free thing in the first place].The IRS allows, under very limited conditio
4. Not Analyzing Stats – Analyzing you’re stats is very important when it comes to affiliate marketing. You have to know what works and what doesn’t. Checking which advertisement produces the highest conversion rate is often times overlooked by new affiliate marketers. If you are running 2 ads and 1 of them is converting at 20% and the other is not converting at all, it would be in your best interest to stop the non converting campaign. How would you know this if you are not analyzing your stats?
5. Promoting the wrong product – I guess this would be an obvious one. If you just aren’t having success with marketing a product, it may be the product itself. It could be a bad pitch page or a sub par product. If you have tried everything and you still aren’t having success with a particular product it may be time to pack it up and move on to the next product.
6. You aren’t pre-selling – A while back when I first started I remember throwing affiliate links in Google Adwords. This was never effective. Not to mention Google has since banned this type of promoting. I suggest registering a domain and enticing people with a short
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