Affiliate programs give everybody a chance to make some money and profit on the Internet. Affiliate marketing programs are easy to join, and implement, the most widely used source to find affiliate programs is Click Bank, they have over 10,000 (digital) products and commission as high as 75%, another good source is Commission Junction.
However, like all businesses, there are lots of pitfalls in the affiliate marketing business. Committing some of the most common mistakes will cost you a lot of your time and worse still a large portion of your money.
Number 1: Choosing the wrong affiliate.
Many people in their rush to earn from affiliate marketing choose a popular hot product. Instead of jumping on the bandwagon, try to choose a product in which you are interested. Pick a product that appeals to you, then do some research through Google about the product to see if they are in demand? Promoting a product you are more passionate about is easier than promoting the same one as everybody else.
Number 2: Joining too many affiliate programs.
Since affiliate programs are very easy to join, many people are tempted to join lots of them; they see the cash sign in front of their eyes and to try to maximize their earnings. True, this could be a great way to have multiple sources of income.
However, joining multiple programs and trying to promote them all at the same time will prevent you from concentrating on each one of them, therefore they will not be maximised to their full potential, and in the long run this will cost you money (your profit)
The best way to get excellent result is by joining just one program that pays a around 50%. Give it your best efforts by promoting your products enthusiastically. When you see it is making a reasonable profit, that is the time to consider joining another affiliate program.
The correct way is to be slow but sure, there is no hurry to rush into things, especially with affiliate marketing, as it will be here stay because the big names like Amazon, Dell, Sony, Gap, NBC, K Mart and many others all have affiliate programs.
Number 3: Not buying the product or using the service.
As an affiliate, your job is to find customers and effectively and convincingly promote a product or service. To this end you must be able to relay to the customers the beneficial aspects of your product and service, but this is difficult if you have not tried the product yourself.
Try the product or service personally before you sign up as an affiliate; does it deliver what it promises? If you are happy with the product or service you then become a credible and living testament aware of its advantages and disadvantages. It is then easier for you to convey sincerity and truth to your customers and this in turn will result in more sales.
Avoid the 3 most common mistakes, and remember that time is the key. Take the time to analyze your marketing strategy, and if done properly, you will be able to maximize your affiliate marketing program and earn higher profits.
Since November 2006 James Munny has been using his vast knowledge to help all types of budding Internet Marketers at his free membership site, http://www.info-marketing-portal.com James Munny also has an informative free Affiliate Review website at http://affiliate-review.munny4all.com