Want to earn some more money with your blog but not sure how? Then this is for you!
Today, I’d like to help you identify and understand some of the most common, completely wrong ideas about this business so you’ll be ready to separate fact from fiction and start increasing your affiliate marketing revenue!
It is fair to say that affiliate marketing is one of the most interesting and evolving fields in the business.
There have been a lot of myths concerning the concept of affiliate marketing and have sometimes led talented people into misunderstanding their passion.
So, today I’d like to share seven myths that have been keeping people away from affiliate marketing.
#1: Affiliate Marketing Is Easy
Affiliate marketing might be easy to manage for those specific people whose skills are exceptional in the field of business and marketing, but for others, it’s a time consuming and competitive process.
Even though a lot of people are attracted to the idea of making easy profits online, one bitter truth is that working hard can lead to great success in affiliate marketing.
Recently, a survey disclosed that only about 0.6% of affiliate marketers have been notably successful. This is clearly an indication of how devoted you need to be to gain success in this battlefield.
#2: More Traffic Means More Profit
Most of the inexperienced people operating in the affiliate world are usually under the impression that the prime focus should be on getting traffic to their website.
But what about conversions?
The major part of affiliate marketing involves converting the traffic directed to your site into customers.
As an affiliate marketer, you must be skilled in the area of converting traffic into sales. If you’re not, then you’re going to fail.
#3: Affiliate Marketing Only Works In The Top Niches
Even though it’s true that many products bought online fall under a small group of popular niches…
It’s not true that every customer is restricted to only those niches.
The bigger the niche, the more competition you’re going to be up against.
Even though some products are more popular than others, a seasoned affiliate marketer is strong enough to give a new identity to the less popular products which will set them apart from others.
#4: Affiliate Marketing Is All About Luck
Those who don’t understand the reason for someone’s success in a particular field have a tendency to believe that they’re just lucky.
This is not true in the case of affiliate marketing.
Most products are advertised online in an irrelevant position which leads to not being noticed.
Taking time to do your research on relevant keywords and Search Engine Optimization (SEO) can take you a long way in the field of affiliate marketing.
You must put yourself in the shoes of a potential customer who wants to buy a product of his choice so that you can position your ad with what they are looking for.
This can be difficult without experience, but it’s one of the most important ways of converting your traffic into customers.
#5: You Need to Be Popular On Social Media
Sure, it’s good to spend some time on social networking sites to advertise without expenses for affiliate marketing, but just because you’re popular on social media, does not mean that the product you’re selling is going to convert.
Customers are smart enough to understand that the quality of the product is more significant than the popularity of the person talking about it.
Even though advertising products using influencer marketing on social media can sometimes be a great way to get traffic to your website, it’s not the most important aspect to focus on.
#6: Affiliate Marketing Is Dependent on Content
Even though it’s true that affiliate marketing works well with content marketing, it’s not true that it’s the only thing that works these days.
Sure, it’s necessary to keep updating your websites regularly with fresh and interesting content so that you stay relevant.
But it’s not all that you need to be doing.
#7: Affiliate Marketing Is Dead
While a lot of affiliate marketing strategies have a short window of opportunity, it is a hoax to suggest that affiliate marketing as an industry is no longer effective.
As with every area of marketing…
When enough people jump onboard to do the same thing, it will eventually become saturated.
Focus on staying ahead of the competition by keeping up with what’s working now and you’ll do just fine.