Wondering how to be successful in affiliate marketing? Not every affiliate is successful and there’s a huge drop out rate in the industry. Around 5% of affiliates continue and make a success out of the business. So why the large failure rate? Why do so many affiliates drop out and how can you become one of the 5% who sticks it out?
Well for starters sticking it out is a major key to success in affiliate marketing. All affiliates will have problems and some use these problems as an excuse to quit! Successful affiliates use problems to better understand the business, and they eventually overcome them.
Depending on your approach to affiliate marketing and the methods of promotion you choose, it can take several months or even years before you’re profitable. Like with any business, success often depends on going the extra mile and continuing on when everyone else gives up!
How To Be Successful In Affiliate Marketing? Have a Big “Why?”
Having a big enough “WHY?” will help you overcome almost any HOW?!
“If you don’t have a seriously strong “why”…. You will get stuck in the “how hole”. Your “why” is why you’ll keep going.” – Stuart Ross
Your “why?” is your reason to learn affiliate marketing in the first place. So whether it’s so you can leave a job, build a side income or work from home, it needs to be strong enough to overcome the difficulties you’ll definitely experience on your affiliate journey.
Most new affiliates experience some kind of difficulty and so in order to be successful as an affiliate, you need to persevere for much longer than the average person will.
How To Be Successful In Affiliate Marketing: Baby Steps
To build a large and profitable affiliate business from scratch is a serious undertaking. It’s a long journey and one which doesn’t happen overnight. Taking small daily “baby” steps towards your goal is a much easier way to approach such an undertaking.
If you look at the top of the mountain, it’s easy to become demoralised and lose your enthusiasm. When you lose your faith, you give up! So fuelling your belief and enthusiasm is key to the longevity of your levels of endurance.
A small step every day is better than sporadic leaps forwards.
Even a journey of a thousand miles begins with a single step.
How To Be Successful In Affiliate Marketing: Get Help From Others
Affiliate marketing is difficult and much more difficult if you try and go it alone. You can get led down all kinds of rabbit holes and completely lose your way. There’s many mental and practical traps which will leave you lost and directionless:
- Shiny object syndrome – always looking for the “easier” methods and shortcuts and jumping from one “shiny object” to another.
- Being a busy fool – a “busy fool” is someone who wastes their time online on unproductive activities. At first, an online business is quite exciting until you realise you only get paid relative to your performance.
- Not understanding your target audience – trying to sell everyone online is a surefire way to not sell anything. Get to know who your target audience is first before looking for ways to sell
- Selling the wrong products – low value products will only pay tiny commissions. Using higher paying products allows you to earn more from fewer sales
- Choosing the wrong marketing method – some strategies will take months or years to gain traction, while others are more instant
- Expectations – if your expectations of what an affiliate business can deliver are too high, you’ll likely become disappointed at a small hurdle and quit too soon
Get help from an online coaching and mentoring program here.
Love The Journey
The affiliate marketing journey is a long one which is paved with many problems and adversities! Unless you have a growth mindset which is focused on empowering yourself from this journey, you’ll likely decide that it’s way too hard! Although money is generally the main goal from an affiliate marketing business, the self improvement aspect of it is arguably the more important part!
Once you find your path, you’ll stick to it much longer if you actually enjoy what you’re doing. For this reason it’s worth spending some time considering your values and deciding on the route which you’re best suited to. Depending on your financial situation and how much time you can give to your business, you might choose from several marketing methods to promote any product which you feel aligned with.
When you love the journey, you’re much more likely to stick it out. If you hate it, on the other hand, you’re more likely to quit.
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