Some people make more than thousands bucks a day from affiliate marketing. Many more suffer losses and claim that making money is very hard. Why is the amount of cash these two groups generate very different? Is affiliate marketing easy or difficult?
I have been in this industry for more than seven years. I thought it was tough when I started, too. There are several ways to make money online, and I felt overwhelmed when I saw how people were making money using so many different methods. Which one was the best?
When I started, Google AdSense was popular among Thai affiliates, so I jumped into it. I searched for many techniques on the internet, such as sharing websites of mine that contained Google Ads in Flixya and asking people to click on them. I didn’t know that this was the blackhat method, so I plastered my website all over Flixya.
A few days later, my account was banned.
After that, I tried other ways to earn cash from affiliate marketing. I tried to building niche sites to promote Amazon products. I learned PPC, Banner, Mobile, YouTube, PPV, and so on. I was a bit overwhelmed, but it was okay. I knew that making money from affiliate marketing was possible.
Anyhow, having worked in this game for many years, I think there are just few things you need to be a successful affiliate marketer. Here are some of them:
The first ingredient is to have a strong mindset. We have seen many successful guys make lots of bucks while they travel or sleep. We all want that lifestyle, too.
But don’t expect it to happen right off the bat.
When we work for someone else to build their business, we just show up at the office and get our monthly cheque. We are guaranteed to be paid every month (until we get fired).
Working for your own business is different.
You won’t get paid if you don’t work. Although affiliate marketing can generate loads of money while you sleep, you have to work hard to create profitable campaigns. I have been asked by many friends about what I’m doing. They want to learn and start doing it, too. I have given advice to a lot of them, but no one has ever taken it seriously. A few days later, they always go back to square one.
They don’t have a business-owner mindset.
Why? Because they have a job. Their company pays them a monthly salary. They just have to show up at work, do what their boss asks them to do, and try to get promoted so they can earn a higher salary.
That’s safer and easier than running your own business, isn’t it?
When you start out in the affiliate marketing business, you have to work hard. You’ll find that there are many things you never learned in school, so you have to learn them by yourself. You also need to have good time management. No one will give you an order, so you have to do it yourself.
Furthermore, remember that you might not make any money in the first month. Your family and friends will start asking, “What are you doing? Why don’t you find a job?” You have to be able to handle this problem. Just take a deep breath and get back to optimizing your campaigns.
The first thing you need to be successful in affiliate marketing – or in any other business – is to overcome the employee mentality. No one can force you to work. You can only force yourself to do it.
The second important thing is to have a good understanding of the fundamentals. Affiliate marketing might not be easy, but it’s not complex, either. I have seen many people looking for tricks or secrets that will help them make lots of bucks in the shortest time.
As I told you, I knew the trick about getting someone to click on my Google AdSense ad in Flixya. I was excited to see the dollars flow into my account. But, in the end, my account was banned.
When I made money on Amazon, I wrote a script to generate thousands of websites with affiliate links and make them match the co.cc domain. (At that time, the co.cc domain had a very good ranking in Google’s search engine). I generated more than $500 a day, just by using the script I wrote. But after Google removed the co.cc domain’s ranking, I had to go back to square one again.
I was also able to make $300+ profit a day when I started mobile affiliate marketing, too, but I was just using a trick I got from my friend. I found one traffic network that allowed me to buy more than 1,000 clicks for less than $1. Sounds good, right? A few days later, the system was fixed. I can’t use this trick anymore.
Although these tricks made me lots of money, I always had to go back to square one and start finding new tricks. Again and again.
This is normal. We all look for the flashy stuff and neglect the fundamentals. Since I started learning PPV seriously a few years ago, I have created more than 2,000 campaigns and realized that affiliate marketing isn’t that complex. We don’t have to know any tricks. It’s actually all about trial and error.
When I create my profitable PPV campaigns, I just select an offer (I always ask my affiliate manager), do some market and demographic research, run the campaign, analyze the data, cut my losses, scale the campaign, split test, and repeat. That’s all.
These are all the steps I take to create profitable campaigns.
A few people who purchased my PPV Strategy For 2015 last week asked me for a refund. They said that it was too simple. They said it was old information that didn’t contain any new techniques. I sent them their refund, no question asked. The thing is, I always use this simple framework to make more than $500 a day in profit. What I don’t include in my strategy are my profitable offers, targets and landing pages. If they want more complex content … sorry, I don’t offer that.
The last important ingredient for success, in my opinion, is consistency. I was the man who was satisfied with $100 profit a day. Because the cost of living in my country is not high, $3,000 a month is more than enough to live on in Thailand. But as you know, we can’t expect stable income in this business. One day you may make $100, but tomorrow the conversion rate might drop to zero. The advertiser may remove the offer you’re promoting from the network. You can never know.
This has happened to me several times. The first time I reached $300 profit a day, I felt great. I had done nothing to my campaigns for over two months. One day, the advertiser released a new (and annoying) rule that forced me to change my landing page. The traffic source also removed some profitable targets from my campaigns. They said that those targets didn’t follow the new rule.
My earnings became negative in just a few nights.
After that month, I incurred more than $200 in daily losses as I searched for and tested new campaigns. This went on for half a month. It was very stressful, but I learned a valuable lesson:
Making $1,000 a day for a month might not be as good as making $100 a day consistently for years.
Consistency is what you need. You should spend time on your campaigns, every day. I don’t mean you have to work hard, but just don’t ignore or be too satisfied with your earnings. Keep testing and optimizing your campaigns.
These are the main ingredients needed to be successful in this business. There might be a few more, but I can’t think of them right now. If you want to be in affiliate marketing for years, these basics are very important.
Don’t waste your time looking for tricks that will make you a super-affiliate in just few days – yet eventually send you back to your old 9-to-5 job.
Remember: create a strong business-owner mindset, don’t overlook the fundamentals, and be consistent.
Bank has been working in the affiliate marketing industry since he was an undergrad in 2008. His favorite traffic source is PPV (Pay-Per-View). In 2013, he started sharing his journey on this blog AlcheBank.com and developed AffLanders.com to help people create PPV landing pages.