Top affiliate marketing
experts tell you that only 1 out of 100 affiliates ever really
do anything with the business. Yet, they tell everyone how
much money they can make as an affiliate! Do you see a problem
here?
Having a 1% chance
of success is not the kind of business I want to start. That's
even worse than the average retail business...No thanks. It's
a good thing you don't have to accept those odds.
Those odds are
for the average "Joe." Let me tell you how the average
Joe markets the affiliate program...including their thought
process.
They see an affiliate
program paying 50% commission and their mind jumps to attention.
They can make $50 off every $100 sale...They don't have to
write any ads...and all they have to do is follow the step-by-step
system already laid out for them.
In other words,
they don't even have to think either! They jump at the chance
and sign up for Free.
They get the instructions
emailed to them from the affiliate manager. The instructions
tell them to take this 5 line ad and place it in ezines. So
they say, "OK, I can afford $40 for an ad." They
place the ad and one sale occurs. Good. They at least made
a $10 profit.
They say, "Hmmm,
maybe that ezine wasn't that good of one." So they place
two more ads for $75 and $100. One of these ads does well
and makes 2 sales. They earned a $25 profit (paying $75 for
the ad). The second ad only made one sale. They lost $50 on
this one (since they paid $100 for the ad). They have now
made 4 sales, and have lost a total $15.
They give up on
this affiliate program in frustration. They join another affiliate
program hoping this one will be answer. Maybe that last one
just didn't sell good enough. This new affiliate program tells
you to place "Pay-Per-Click" search engine advertising.
He says, "Yes,
that's the answer. They had me placing the wrong advertising!"
Average "Joe"
now spends all day coming up with keywords. He finds out that
there aren't many 1 penny opportunities out there anymore...and
that you have to spend 10 cents, 20 cents, or more for most
of the keywords. So he ends up paying $100 the first month
for clickthroughs and makes 3 sales.
This affiliate
program pays the same commission so this adds up to $50 in
profit. The same amount of clickthroughs occur the next month,
but only 2 sales occur. So, average Joe just breaks even this
month.
So average Joe
gives up on this affiliate program and joins a new one. This
time average "Joe" says, "I know the secret
now. I have to only use Free advertising." So Joe spends
10 hours writing his first article and sends it out to ezines.
One of them runs
the article and 1 sale occurs. So average "Joe"
earns $50. The only problem is that this breaks down to only
$5 an hour once you count the amount of time spent to produce
this sale. Average "Joe" could have done a lot better
working overtime at their job!
So average "Joe"
says forget it to the whole idea...
Let's take a look
at what happened. Sometimes money would be made. Other times
money was lost. Do you notice who makes a profit no matter
what happens...and never has to risk a penny? That's right.
The affiliate manager makes money no matter what!
The average affiliate
may earn or lose money. The affiliate manager only pays them
when they generate a profit. So the affiliate manager wins
on the deal whether the advertising system they write up for
their affiliates works well or not.
The deck is stacked
against the average affiliate. They only had a 1% chance of
playing this game and winning.
Let's change the
odds.
The big myth of
online affiliate programs is that someone will "hand"
you a good income. All you have to do is sign up for Free,
and it's like money in the bank. Most people realize this,
but the affiliate program managers make it sound so easy sometimes.
The key to becoming
a successful affiliate is to stack the deck in your favor.
This will shock some people, but I'll say it anyway.
The best way to
succeed in an affiliate program is NOT to lead people to the
product site. The best way isn't to build a mini-site that
leads into the product site either. Both of those methods
promote the affiliate manager...and leave you out of the profit
loop.
The best way to
make money in affiliate programs is to build an opt-in email
list and then promote one affiliate product after another
to your list. The purpose of your web site is to build a list.
If you're doing anything else with it, then you're missing
out.
Focus on building
your list...and then selling the products you affiliate with.
Then, you become the one in control. It's your list. If you
want to promote Suzy's product, then you do it. If Suzy doesn't
pay you well enough, then you can promote someone else's product.
You still OWN the list.
You can change
income streams, but you own the RIVER.
Terry
Dean's Brand New Fr-e eBook, "10 Quick and Easy Ways
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