If you are wondering why people fail with Affiliate Marketing while other Affiliate Marketers are successful and making 5 to 6 figures online then you have come to the right place.
And if you are looking for relevant questions about this business model.
You can also check out My Affiliate Marketing FAQ and understand the process of setup your online business with Internet and Affiliate Marketing.
I will also show you how my friend Roope make $5,000 in a week + Got All-Expenses-Paid to Vegas with Affiliate Marketing.
You may see a post like this on Facebook groups or videos on youtube and you rush up to see how you could also make $5,000 in a week and maybe travel to Vegas.
Who does not like to travel?
You checked the post and it leads you to sign up with a course or program that claims you can generate such income in a week.
For one week you are very excited.
One or two months late you still do not see the $5,000 in a week.
What will happen?
Most people will give up.
That is when people fail with Affiliate Marketing.
Failure occurs in this business model when you give up and other people start this business model for the wrong reason.
My friend Roope is making this kind of money and if you stick with me until the very end.
I will show you how you can start your own successful Affiliate Marketing business and make money from home.
But Roope success did not happen overnight.
This involves trying new strategies and fail and keep trying until you see the result.
I\’ve missed more than 9000 shots in my career. I\’ve lost almost 300 games. 26 times, I\’ve been trusted to take the game winning shot and missed. I\’ve failed over and over and over again in my life. And that is why I succeed.
Affiliate marketing is a learning curve where you need to be up to date with the business trend. In this article, I will show you the 7 reasons why people fail with Affiliate Marketing and how to fix it.
If you read this article until the very end you will understand if Affiliate Marketing is a good business model for you and how to set up an Affiliate Marketing business.
If you are in a hurry you can also watch this video below is the version of this article.
Why do people fail with Affiliate Marketing?
People fail with Affiliate Marketing for lack of skills, wrong midset and they are very impatient to make money online without putting in the work needed to succeed online.
What I always tell people and my audience is Affiliate Marketing, not a job that you expect a salary every month.
It is a business model and you need to treat it as a business.
But it does not need customer service and other headaches that come with managing a business. All you need is a laptop and an internet connection.
It also needs a road map to build a successful business online.
I really like this Article by Jerry Huang: Are you willing to work for free (The Secret to Success in Anything!)
If you want to start your Affiliate Marketing journey you will need to accept to work for free for few months.
I consider affiliate Marketing as sowing.
You can not plough, harvest, sow and eat on the same day.
It is very impossible.
All I am trying to say is the work you do now. This means creating content and other videos is not a waste of time.
You may not see the result now.
But in few months if you are still constant you will see the fruit of what you are doing now.
Let see the 7 reasons why people fail with Affiliate Marketing and the last reason will help you open your eyes when it comes to choosing products to promote.
1. Thinking Affiliate Marketing is easy
Most of the people who start this business journey have the wrong mindset. They think affiliate marketing is very easy or is some sort of fix quick financial problem.
Affiliate Marketing is very similar to other businesses. People failed, and keep trying until they succeed.
There is a lot of competition in this industry and It does not need any capital to start your Affiliate Marketing business.
People who succeed in this business model have the right mindset and they are very determined and committed to make this business work.
2. Unrealistic Expectation
At the beginner of this video, I showed you how my right Roope makes $5,000 in the week with Affiliate Marketing.
Some people will rush up to see how they can also make the $5,000 in the week without analyzing the amount of work Roope put out to reach this kind of result.
They are many programs out there that oversold their products. You just have to understand the concept of marketing.
Few people will tell you the truth about this business model.
In fact, I do not think Affiliate Marketing is for everyone. If you are good at following orders and instructions finding a job can be the best suit for you.
Making money with Affiliate Marketing needs time and effort and definitively someone with a strong mindset.
Whether you need to make $100 to $1000 per day to achieve this result is all depends on your mindset.
It is not a get rich scheme or overnight success. You need to have a realistic expectation and Rome was not built in one day.
3. Run after the shiny object
All that shines are not golds. Folk I have been on the internet for a long time and I know how other Affiliate Marketers are trying so hard to convince people what is the best affiliate marketing training program and what is not.
Some Affiliate Marketers always run after product that promises high commission or programs that claims you can build your business on automated and get more free traffic.
Programs like 12 Minutes Affiliate or Crypto Bank. Do not pay them.
Do not run after the shiny object.
Stick to one program.
It is only your effort that will make your Affiliate Marketing business successful.
Choose 2 to 3 products to promote and focus on it.
Do not run after the automated program you can not build a successful Affiliate Marketing business with those automated programs.
The process of building affiliate Marketing is very simple.
You need to:
- Choose your Niche
- Find platforms to reach your audience ( I advise having a website and a youtube channel)
- Generate Traffic by creating quality content
- When you start getting traffic is when you will start seeing results which mean making commissions
4. Do not have a goal and plan of action
Most people fail with Affiliate Marketing because they do not have a goal or plan of action to achieve their goal.
They just sign up with Affiliate Marketing because they want to make money online or work from home.
I start an Affiliate Marketing business because I was tired of working as Uber Eat Driver and you know when you do not have money people do not respect you.
I needed to gain respect.
That was my WHY and I needed to set up an action plan to achieve it. You need to know your WHY and why you want to start your affiliate marketing business.
If your goal is to travel the world or have financial freedom. Then no matter how hard affiliate marketing get you will also work until you achieve your goals
5. Choosing a broad niche
You have heard that there is no wrong or right niche. That is the truth. But the challenge most newbies are facing with affiliate marketing is they choose a broad niche.
Your niche cannot be too broad.
You should narrow down your niche to focus on a very specific target audience. This allows you to stand out from the crowd and see faster results.
Let me give you an example in the “singing” market.
I am sure there are a lot of people out there who want to get better at singing and are willing to spend money to achieve the results they want.
“How to sing” or “How to get better at singing” is a very broad market.
There are many different types of target audiences in the singing market alone that you can narrow down to.
- How to become a good choir singer?”
- How to sing for complete beginners”
- How to become a professional singer?”
- How to become an opera singer?”
You can see I have narrowed down the signing niche and focus on a very specific target audience. Your niche needs to focus on a very specific target audience.
6. Fail to Diversify your Traffic
Some Affiliate Marketers rely on Search Engine Optimization which means they have a website and whenever someone is looking for a specific keyword that is related to their website and the website will show up on search results.
Google has dominated the search engine market, maintaining a 92.47% market share as of June 2021.
Most Affiliate Marketers rely on Google to get free organic traffic. Google is always changing the algorithm whenever there is an update many websites lose traffic.
I have lost almost 50% of my traffic overnight. You have to learn how to diversify your traffic to stay in the business.
You can also be active on Youtube, Pinterest, Linkedin, Facebook, Tiktok and other platforms. Whenever something goes wrong on one platform you still have some backs.
7. Running After money
Most Affiliate Marketers fail in this business model because they are running after money. To build a successful Affiliate Marketing you need to focus on helping and educate your audience.
If you focus on helping and educate your audience you will build some sort of trust. There are a lot of scams online people buy products from people they know and trust.
Another I thing have seen is other affiliate marketers promote products just because is paying good commissions.
You need to know the product that you are promoting and look very closely at their operation. Last year I wanted to promote RagingBull just because they were paying good commissions.
In December 2020 they have been served with a lawsuit by the FTC (The Federal Trade Commission) and they have to stop the operation while.
I just read some way they are back in the business.
From December until May many of their Affiliate Marketer lost their income. Just Imagine you have been working hard and years on your business and it just collapse overnight.
Another one is MOBE (My Online Business Education) they were in the business of looting people and they were paying a very good commission.
It was close down by FTC and many affiliate marketers lost their income overnight.
So you need to know your product and promote products that add value to people.
If you are running after the money you find yourself in a situation where to can not get out of it and lose everything that you have been working on for years just collapse overnight.
Why People Fail with Affiliate Marketing – Final Thought
In conclusion, people fail with Affiliate Marketing because they have the wrong mindset, lack skills and are impatient.
Before you start your affiliate marketing business you need to ask yourself questions. Do I like writing or making videos?
Can I be able to produce quality content almost every day? Can be able to adjust with the business trend and learning new skills.
If the answer is yes then you have set for success.
You can also sign up with Wealthy Affiliate and learn the entire process of making money online with affiliate marketing.
You need to put in the work and commit to long terms success you could be making $5000 per week as Roope.
But it is not an overnight success or get rich quick scheme. This need to set up your online foundation and producing quality content.