Wealthy affiliate as a word and concept is a dream to many and a goal for some. To become a wealthy affiliate, there are many steps that you need to take. It’s not as simple as most people seem if they want to be a wealthy affiliate. Most entrepreneurs that enter this market make the mistake in thinking that you can become rich just by sending traffic to an affiliate offer using PPC ads. Those days are gone, it is not as simple anymore. What let me down in the past was not treating it like a business. I saw it as a get rich quick scheme and like many other affiliate marketers that enter the business, I didn’t see the legwork required to become a wealthy affiliate.
The Top Affiliate Marketing Mistakes to Avoid When Becoming a Wealthy Affiliate
No matter how much you get right when it comes to affiliate marketing, it only takes a few mistakes to undermine your success and to set yourself back.
If you’re currently making money from products online but it’s not to the extent that you imagined, then you may be wondering what it is holding you back. Why aren’t you making as much money as all those bloggers who take photos of themselves in front of airplanes and private yachts?
Here are just a few of the common mistakes that may be holding you backÖ
The Product is too Generic
Are you selling an e-book called ‘Make Money Online’?
Well, guess what so is literally everyone else. Even if the actual product you’re selling isn’t being shoved down everyone’s throats already, if it’s generic, then you can bet that various different versions of it are. Ask yourself how you can stand out and how you’re going to set yourself apart from the crowd.
Going in for the Kill too Early
This is a particularly big mistake people make when it comes to selling affiliate products through e-mail marketing. If you have a product and you’re trying to sell it through e-mail, then it’s very important that you try to build anticipation and generate trust, to begin with. Otherwise, why should anyone listen to you? Why would they care?
You Don’t Believe in the Product
You don’t have to sell something life changing but you should at least have faith that the product you’re selling is good. However much you try to pretend you love that 3-page e-book you’re going to find that it comes across that you aren’t 100% committed. And if nothing else, having a product that you genuinely believe in will mean you have more good points to mention about it. In an ideal situation, you should be trying to sell a product that you have bought and used yourself.
You Don’t Have a Route to Market
Finding your route to market is one of the big keys to success with affiliate marketing. This is the way you’re going to connect with your target demographic. Identifying this route to market is one of the very best things you can do right from the word go and in fact, you should have this in mind even before you have selected your product.
Follow these tips and you should see your profits start to go up!
Why Finding the Route to Market is the Key to Affiliate Success
It is potentially possible to make big money from affiliate marketing and really it’s the closest thing there is to a ‘fool proof’ technique for making money online.
All you need to do is find a product that’s selling really well already, to emulate the techniques that others were using to sell it, and then to start selling it yourself. If it worked for them, then there is absolutely no reason why it shouldn’t work for you too!
So if you’re trying to sell a product and you’re not getting any takers this can be very frustrating. What are you doing wrong? How can you fix the flaw in your plan?
One common way to increase your sales and become a wealthy affiliate immediately overnight is to find a route to market. Here we will look at what that is and why it’s often the magic ingredient in the affiliate marketing formula.
What is a Route to Market?
A route to market is essentially a method of accessing a specific demographic or audience that you are trying to sell to.
So if you have an e-book about knitting patterns, then that demographic is quite likely to be old ladies and more specifically, old ladies who enjoy knitting. If you can find a route to that market ñ a way to communicate with them directly ñ then you can make a lot of money from affiliate marketing.
Examples of Routes to Market
So in this example of the old ladies, how do you go about finding a route to market that will work?
The simple question to ask yourself is where these people hang out and spend their time both online and in the real world.
Online you might have a few destinations. Perhaps there’s a forum somewhere where people discuss knitting? Maybe there’s a website aimed directly at ‘knitting fans’?
In the real world, examples might be the bingo club (not to reinforce stereotypes) or perhaps a knitting magazine.
If you can get your affiliate link into a knitting magazine of a circulation of 3,000 ñ then imagine how much money that could make for you almost overnight.
This is the power of finding a route to market and it should be an integral aspect of your plan. In fact, you should identify several routes to market before you even select which product it is you want to sell!
Why You Should Stop Selling to Internet Marketers and Start Selling to Silver Surfers
Okay, this title was designed partly to get your attention
Sometimes, selling to internet marketers is a great idea. Internet marketers are generally willing to buy digital products, they are tech savvy, they have disposable income and they love buying books on making money because they will see it as an investment. Everyone wins.
But when it comes to affiliate marketing, this niche is a little overcrowded. There are a million e-books out there on making money online and counting. How can you expect to stand out among that crowd? to become the wealthy affiliate you want to be.
The solution is to stop focusing purely on this audience and to start looking elsewhere. For instance how about silver surfers?
Why Silver Surfers Are Your Perfect Demographic
Many of us think of the web as a ‘young person’s domain’. In reality, this couldn’t be further from the truth. There are countless silver surfers on the web today and as they start to lose mobility or leave their jobs, they will only spend more time on forums and in chat rooms.
This gives you a gigantic audience to market to and what’s exciting about that is that many of them have big disposable incomes and very clear hobbies and interests. Moreover, they are getting sold to nowhere near as much as other demographics like the aforementioned internet marketer.
How to Sell to Silver Surfers
So how do you sell to silver surfers?
As an affiliate marketer, you first port of call will be to find a product that’s aimed at them. This might be something like an ebook on ‘getting fit for over 70s’, it might be a book on a hobby that’s common for older people ñ it might even be a ‘make money online’ book aimed at the elderly.
Alternatively, you can also try selling health supplements, clothes, and other physical products that an older audience might be interested in.
If you can’t find such a product on JVZoo or WSO Pro (good luck!) then you can always instead try contacting the manufacturer of a product you’d like to sell for them. If they have a website with their details on, you may well find they’re open to these kinds of opportunities and business deals.
Silver surfers are of course just one example of a ‘lesser known’ demographic. The real message? Don’t just stick with internet marketers!. To become a wealthy affiliate you have to think outside the box.