Hello again,
Affiliate Marketing is not a Get Rich Quick Scheme. 'Thought I better get that quickly out of the way.
Affiliate Marketing may be a simple but highly effective marketing tool, but it has its limitations. There are pitfalls to watch out for, and this is better learn't from the outset.
This article will provide 3 pitfalls to watch out for. Ready? O.K. let's go:
3 Pitfalls of Affiliate Marketing:
(1) Know yourself.
"Know thyself and know thy "enemy" and you will be able to fight a thousand battle without fear of defeat" - I'm told is an ancient proverb.
How well do you know your market? How familiar are you with the product or services you are promoting? Do you know the competion? What are your objectives in promoting this product? Without a good knowledge of these basics, chances of success are very slim, if at all.
With knowing yourself, which implies a knowledge of your strenghts and weaknesses, comes the chance to make necessary preparation for each program or campaign.
The sales copy may be brilliant, statistics may show that, compared to other products or services offering the same benefit, the one you are signed to is moving, but that does not necessarily mean that an easy, endless supply of cash is coming your way through one program.
Summed up, Know yourself,your realistic expectations, be thoroughly prepared, and hope for the best.
(2) Affiliate, beware!
Affiliate marketing need not be complicated. It can be straightforward; but, like any other system or method invented by man for the use of mankind, it can be used, and, it can be abused.
Affiliate programs has it's share of scams. Resources are available to keep track of programs, (Watchdog) and believe me, it is needed.
It is no news to learn that your Affiliate link can be cloned or hijacked. This means you will be doing the work, and somebody else will be getting the reward.
This can be combatted and resources are also available for this.
In some quarters, work at home scheme is a byword for scams.
If you are to sign up for any program or programs, check it out. Ask around.
Read around and about it. Does it come recommended? Do you feel easy about it?
(3) Get organised.
Affiliate Marketing generates loads of documents. Keep track of your own document.
Each program could and should have it's own folder. There is no point forgeting to keep track of your activities. Soon enough, a lot of your effort will descend into chaos if you do not have a system in place and get organised.
It is known that a merchant might have problems with their own system and somehow miss your compensation. You need to step in quickly and point it out.
These are early days, but knowing and scrupulously applying this steps will yield rich dividends.
Anyway, that's it for now.
Matthew
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Saturday, 17 November 2007
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