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4 WAY Underrated Reasons Affiliate Marketers Fail
Of course it's important to train ourselves on the correct methods for success as affiliate marketers, because after all: some techniques work and some flat out don't. Some things will make you money and... well, you get the idea.
That said, it's equally important to learn from the ways people fail. If you can understand the mistakes of those who have gone (unsuccessfully) before you, you can dodge those common bullets and avoid suffering the same fate. Oh, and in doing so, build yourself a wildly successful affiliate business.
Here's what I believe to be the 4 most underrated, under-discussed reasons why affiliate marketers fail.
1. Are you promoting products that people actually WANT?
Might sound daft, but check the logic:
For a long time, smart affiliate marketers have known that there's a killing to be made in small uncompetitive niche markets around the web. If you find people with a unique interest that isn't being served, there's a chance for profit. You can be the ONLY ONE fulfilling their desire.
While generally an intelligent piece of advice, this theory has a caveat; namely, that there IS another extreme.
The fact that no one is serving that market could be a sign. It could be a sign that there's no money to be made in it. If a market is so small and still untapped, it might be because there's not a profitable way to sell people products in that market; it could be that the margins are so low that other marketers have tried and failed; It could be that other marketers found that even when they did receive that market's attention, there wasn't enough people in the market to make it worth while.
Notice the operative phrase "could", in this description. For the above mentioned are possibilities, not necessarily the rule.
There's a middle ground to these competing ideologies. There are markets that have been identified for their potential and are being marketed to... just not very well. There are markets where a lot of people need a solution you can provide... but not many people are providing it in exactly the way that market wants... and so on.
So remember to focus on markets where there IS activity, where money IS changing hands... just not so much that the competition will bury you.
2. Are You Promoting Them to the People Who Actually WANT Them?
That one probably also sounds weird. So let me clarify with an example:
You might be in the weight loss market. You might have found a great offer to promote that's supposed to "convert at 10%"... but for some reason, when it's on your site people aren't buying it. Why?
It might be because while the offer is great, it's not what YOUR traffic wants.
To give an over-obvious example: Maybe you've got traffic coming to your site from keywords (in the search engines) like "natural weight loss methods". If the product you're promoting on your site is a weight loss pill (ie not “natural”)... it's not pushing your visitors buttons.
In a more subtle example, say you've got traffic coming to your site for keywords like "how to lose weight". That group of people is hard to serve. You know they want to lose weight, but don't know exactly how, by what method, in what time frame, or for what purpose. So what do you sell them? You can only guess... and when you're guessing, you might be wrong.
The goal is to, by whatever means necessary, KNOW what your traffic and your specific market is wanting, and promote to them exactly that. It sounds stupidly obvious when said like that but it's a real mistake that a lot of affiliates make.
3. Promoting Products That People Don't Want To Buy ONLINE
This is one I had to learn through hard experience.
There's a factor that affects conversion rates on "first visit" traffic that doesn't get talked about much and that factor is, the ability for this product to be bought online.
I usually give this example:
It's easier to sell pills online than it is to sell golf clubs. In other words, you're likely to get higher conversion rates on a "first time seeing the offer" type visitor on a product like a health supplement than on a golf club. Why?
To be convinced of the benefit of a pill, all you have to do is be told what it does, and maybe see the testimonial of someone else who had results from it. There's no way that seeing and holding the bottle in your hand can make you more excited to buy it.
But golf clubs are different. To really get excited about a golf club, you can't just look at a picture of it and have someone describe it for you. You need to feel the grip in your hands, you need to hear the ting it makes when connecting with the ball, you have to touch the shinyness of it's oversized head...
You know what I mean?
Reality is, some products are easier to sell as affiliates off a website than others. And not knowing where your product lies on that scale of easy-hard to buy online is an important mistake affiliates make.
4. Money NOT In The List
Here's a controversial statement: Sometimes, as an affiliate, the money is NOT in the list.
I believe that as an affiliate, you should judge whether or not to build a list based on the nature of the niche you're entering. Fortunately, what it is about a niche that allows you to make that decision is simple. Let me explain with 2 examples:
First, let's say you've got a site in the gardening niche. Gardening is a process, not a solution. You can always become better at gardening. As a gardener, you have a constant desire for more knowledge about gardening.
Second, think about the niche of acne. If you have acne, you want a solution, not a process. You don't want to gain a gradual and continual education about getting rid of acne, you want to get rid of it NOW. Once you've gotten rid of your acne, you don't need any further information, it's done.
Can you guess which of these niches is better to build a list in?
In the latter, I believe it's detrimental to get someone on to your list and try to slowly over time, get around to telling them about the solution (the product you're selling) for their problem. They have an urgent need and want a solution NOW... so give it to them. Push them in the direction of your affiliate banners fast because they have a problem that requires FAST solution. If they don't want the solution/s you're offering, they're not going to want it more after "getting to know you" better through your email list.
By overcoming these important mistakes, you can not only ensure you're in the percentage of affiliate marketers who makes it, you can elevate to the high levels of that already high echelon. Now absorb, acknowledge, then act :)
Andrew Hansen is a blogging and affiliate marketing strategist and CEO of Dreamlife Softwares. His techniques and strategies at Affiliate Blog Profit show how to blog for easy affiliate revenue by dominating untapped, profitable search markets.
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A great post Andrew and nicely written. The information in it is full of uncommon-common sense but it is something that applies to us all.
One of the biggest problems I find on the internet is learning how to find a buying market so if Jay or Allan would like to include that as a subject in a webinar that would be handy.
Regards,
Jan
I really enjoyed the comparisons you have provided in each point.
* Not the most popular product / nor the least popular
* Making sure the keywords match what searchers are actually looking for...Natural weight loss / vs non natural
The value of the list...Taking time to develop trust is great for some products...But solutions are what some are not prepared to wait for...!
You have helped me to evaluate these points a little more than I have done previously.
Thanks so much
Julie
Jan, if the guys let me guest post again I'm sure I could share some of that info with you!
All the best,
Andrew
Mack
About acne: I somehow don't think that it's a problem to create a list for it, because you can certainly always educate people on how to at least reduce their acne. For example, in the first newsletter, we can tell them some facial cleaning tips, what natural solutions to use, etc. In the second newsletter, we can teach them about proper exercise and nutrition, and finally in the last one we can sell our ebook and tell them that it goes into greater details and provides even more tips on reducing acne......
Well that's just what I think! :)
I particularly liked the phrase:
KNOW what your traffic and your specific market is wanting, and promote to them exactly that.
Offering a clearly presented solution that talks specifically to that prospect's specific need - by so doing, you simply cannot fail.
So simple - now to apply it!
Sam
As a recent student of your Niche Blogging Institute, I'm stoked to be under your tutelage - your depth of experience in affiliate marketing shines through.. *2 thumbs up*
Go figure.
Wendy
Super article! Put me down for all four of those...
I want to add one mistake I keep making, which is advice you've given so many times and yet, I still have serious trouble following through on it.
Stop "selling" and just give great info...
Unlike the "flannel merchants" out there, you practice what you preach. Keep it coming Andrew, it's much appreciated and starting to sink in too...
Michael.
This a great reminder of what we need to be doing to keep in front of the right crowd.
Thanks so much.
I particular people need to keep in mind the analogy in number 3., pills versus gold clubs. Some items are just not going to sell online in large quantities.
If I am going to make the investment in a set of gold clubs, I am, for sure, going to hold them in my hand, 'feel' them as I practice swings, look over the fit and finish very closely, etc.
It's going to take a huge number of visitors to find one who is going to click 'Buy Now" on an offer for a set of golf clubs. Eevn if your price is a "real good deal".
Now, if you can sell me Titleist golf balls at half the price my local proshop charges? Something I hit and consume all the time, all I want to know is,where's the "checkout Now" button?
Obvious truths which make you think why didn't I think of it first. How could I have ever missed it!
Thanks Andrew for the article.
Awesome tips you got there. Definitely not common advice.
I especially like number 3 and 4, which I've never seen anyone talking about it anywhere.
Cool stuff mate!
Welly Mulia
Really on time for me - beginner in Internet Marketing.
Janis
Looking forward to reading more!
These are true and sound advise, however I think one of the most important area and the one that is most over looked is traffic. I think no affiliate program is worth anything if you cannot find or send any traffic to promote your site or product.
I agree that by following your suggestion we would have an opportunity to promote two different products over time. We might even be able to develop upsells as well for an ebook? Hmmm?
You're right, you could. It all comes down to whether or not it's what they want. People in that market searching certain keywords may well be open to receiving ongoing education. It's deciding whether or not that's the case which is the distinction.
All the best,
Andrew