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Thursday, January 22, 2009

How to Avoid Common Affiliate Marketing Mistakes

No doubt, affiliate marketing is one of the most effective ways to earn money online but there are common mistakes made. Affiliate marketing on the Internet provides an opportunity for everybody to make a profit. However, like all businesses, there are items to be cautious of in the affiliate marketing business. Committing these mistakes will affect the marketers bottom line. It is better to avoid them than to regret them

Affiliate Marketing Mistake number 1: Choosing the wrong affiliate marketing program. When individuals begin in affiliate marketing they want to earn as fast as possible. In a rush to be part of an affiliate program they tend to choose a bandwagon, or what that particular program thinks is a 'hot seller'. They choose the affiliate product that is shown to be in demand without contemplating if the product even appeals to them. If you do not like the product how are you going to market it to others? Instead choose a product that you are truly interested in. This will help you create your marketing plan since it may be something that is useful for you, also. Once you have a product that appeals to you do some research about that product to see if they are in demand. Bottom line is - Promoting a product you are passionate about and working on marketing it will be easier than promoting one just for the sake of the earnings only

Affiliate Marketing Mistake number 2: Joining more than one affiliate program at a time. Affiliate programs are easy to join and individuals may be tempted to join as many of them as possible. Your thought process is 'the more I can promote the more earnings I can make'. In your mind there is not a negative reason you can think of to be part of many affiliate programs. There will be multiple streams of income yet you will not be able to concentrate on one and market it correctly. The potential for you to grow one program at a time, to its fullest income generating possibility, will not be realized. A step by step approach, joining one program at a time, is the best way to get excellent result. -Find a program that pays at least 40% commission and you know something about or it interests you. -Promote it through all the suggested channels including social websites, pay per click campaigns, and even direct mail marketing directing the reader to your website -Write articles pertaining to the subject of your product and send them to Article Directories for distribution. -Do not rush into anything, there is plenty of time. Internet Affiliate marketing will be around for a long time. When your first affiliate marketing product begins to make you a profit then join another affiliate program.

Affiliate Mistake number 3: Not personally purchasing the product/service. As an Affiliate Marketer your main goal is to effectively promote a product/service to a targeted audience. If you have not tried the product you will not be able to tell others about the benefits and value of it. This leads to boring monologue in your sales letter and a lack of traffic to your website. Purchase the product/service and use it yourself to determine if it really produces the guaranteed outcome. Once you do this your copy will be more convincing and you become one of the credible and living referrals. You know, personally, the pros and cons of the product and your customers will feel the sincerity and truthfulness in you. This will transition more prospects into buying customers.

Many affiliate marketers make these mistakes and are paying dearly for their actions. With these tips it will be easy to avoid the 'pitfalls' of Affiliate Marketing and become profitable with it. Time is on your side. Use it to draft and analyze your marketing strategy and check if you are in the right track. If your create a list of profitable Affiliate programs you will be able to maximize your affiliate marketing program and earn higher profits.

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