Wednesday, May 28th, 2014 at 12:31 pm
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I’m sure you’ve read on more than one blog how the best way to make money is to have something to sell. They will then go on to tell you that even though you don’t have a product of your own, you can promote other peoples products as an affiliate. All true but while you can make money promoting other people’s products the amount of money you can make from promoting an affiliate product is very limited!
Let’s look at an affiliate marketer who has a list with a thousand subscribers. He’s just started using a new theme and he excitedly emails his subscribers telling them how great his new theme is. Let’s say that 10% of his subscribers click on the link. That means 100 people are now checking out his affiliate product. Now let’s say that 10% of those follow through and buy the theme. So out of the thousand subscribers he has made 10 sales! Now what?
In desperation he will email his list again, and again trying to sell the same product. After several attempts and banging his head against his keyboard he decides to promote other affiliate products thereby flooding his subscribers with more and more emails. This explains why you get so many of these emails in your inbox.
The Problem With Affiliate Products
This is true even of the so called pro bloggers. I’ve seen some who have promoted a particular theme saying it was the best ever theme. Then some time later I notice they now have a new theme which they are promoting. Is that because they no longer believe in their old theme or because sales of the old theme as stagnated and they had to do something to get more sales? What better way than by finding a new theme to promote.
I believe this to be greatest failing of promoting affiliate products. You will never make enough money promoting just one product. How long do you think a department store would last if all they sold was one product? Not very long at all!
You Can Make Money As An Affiliate
So while you can make money selling affiliate products it will take a lot of effort and work. Naturally the more traffic you get and the bigger your list the greater the potential to make money. Being the person that I am I prefer finding easier ways to make money.
For years I’ve been promoting OZLotto in the sidebar on this blog. Check the image below. Read the rest of this entry