August 14, 2007
Affiliate marketing is appealing and attractive. It promises you great income without the need to handle any inventories or product shipping. You have seen plenty of success stories which suggest to you that you could be one of them too. You bought all kind of ebooks, software and system that promises to lead you to success, but after a while, you discovered that the business is making you a loss rather than a profit. So what really happens?
While affiliate marketing is truly financial rewarding, it is definitely not an easy task. The reason why so many people fail at affiliate marketing is because many affiliates make fatal mistakes that result from their ignorance of facts concerning how the entire business runs. Affiliate marketing is not about setting up a website and recommends a few products. It is about the skill of building a real long term business that can bring you profits even when you are sleeping.
Here are the top 4 fatal mistakes that most affiliates make:
The first fatal mistake that most affiliates make is to have the wrong attitude toward affiliate marketing. Affiliate marketing is never a Get-Rich-Quick Scheme and should not be treated as one. What successful affiliate marketers never tell you is that they have put in a lot of effort, time and hard work before they achieve what they have today. If you want to be successful in affiliate marketing, you must treat it just like any business and possess the right attitude and mindset. Only then can you achieve result that you want.
No passion/knowledge in the product
Next commonly made mistake by affiliates is to promote a product that they have no passion or knowledge on. In other word, they are not promoting something they liked. This is going to be fatal. The reason is simple. How can you recommend a product to anyone when you don’t even know what benefits the product can bring to your customer? If you have personally used and loved the product, you will be able to share, review and even give powerful testimonial to your customer on the benefit of the product. You will also be in a great position to answer the needs of your customer. The bottom line is: if you do not have genuine interest in the product, do not promote it.
Lack of consistent effort
Consistency is the key to success in any business. This applies to affiliate marketing as well. In affiliate marketing, most affiliates do not put in consistent effort to apply the strategies they have learn.
Lack of patient
Affiliate marketing though ideal as a business model, does not make you a millionaire overnight. Most affiliates do not have the persistent and patience to build their affiliate marketing. They often give up when they are not making any income. The truth is: it’ll take a long time to build up a full-time income with affiliate marketing and during this time, you are likely to face a lot of uncertainties and setback. The good news is, as long as you persist and consistently employing the right strategies, it is only a matter of time that you reap your rewards from your affiliate business.
All in all, affiliates that are doomed to fail in this business are those who do not exert enough effort to understand everything involved in the industry that they are in. Knowing the fatal mistakes that others make and avoiding them will prove to be useful to them.
Author: Damien Oh is an experienced affiliate marketer. He provides a free ebook to help affiliates to succeed in their affiliate marketing business. Download it at his site http://www.ecsecretaffiliateweapon.com