Affiliate
marketing is one of the best business models because it cuts out a lot of
traditional business cost like office space, furniture, shipping, etc. It is
also quite easy to navigate once you learn the ropes, yet a very high number of
people still fail at it.
This
article is a MOBE review of the main reasons there is
such a high failure rate in the affiliate marketing niche, and what you can do
to improve your success chances.
1) Unrealistic Expectations
If
you Google ‘affiliate marketing’ you are going to be met with masses of
programs that promises you a quick buck. The honest truth is; you are not going
to become an instant millionaire with an affiliate program. It takes time and
to build your pages, get your prospects through your funnels, and actually make
a sale. Most people do not expect all this much work, so, after a month of
putting some effort and they still haven’t made money, they give up
People
also get misled by the tem ‘work from home’ what they expect is not to put in
much work and earn big money. The reality is that you have to put in a lot of
work, especially at the beginning of your business. Systems like the MOBE
affiliate program make it easier for you with their ‘done-for-you’ system,
where MOBE experts basically do most of the work for you so you can focus on
bringing in leads and earning commissions.
Watch: Ask Matt Lloyd Episode 41: "How would you advise someone who is overwhelmed and wants to give up?"
2) Shiny Object Syndrome
Many
marketers are always running after the latest thing. They try to sell products
today with Facebook ads. When it doesn’t work out, they will try Amazon, then
move to selling eBook, etc. Doing this is a waste of time because you never get
enough experience to become a successful marketer.
3) Not Planning
When
you start a business, you come up with a business plan, sales projections, etc.
You have a general direction of where you want to take the business. Many affiliate
marketers dive in headfirst. The join an affiliate program and their only plan
is to promote products and get commissions. That is a terrible plan to say the
least. You need to have a clear picture of what you need to do, how you need to
do it, and when you need to have it done. That is before you even sign up with
an affiliate program. Then you should contact the affiliate program you are
interested in, and find out their process on promoting products.
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