Itay Paz | On Internet Marketing, Entrepreneurship & Life

Affiliate’s Life Analogy by Mr. Bean

I called this post the “Affiliate’s Life Analogy by Mr. Bean”, I hope you get it…

Failing to invest on knowledge

Ok, you don’t know anything or know very little of internet marketing. This is not a bad situation. Both the internet and the offline world are filled with great opportunities for you to acquire the knowledge you need in order to succeed in online marketing.

You probably now thinking, hey, the internet is full with internet marketing free information… and it is!!! But wait… you don’t need just ‘information’, you need a real solid knowledge. A knowledge you can actually succeed with and the good thing about it, that this education is not costly and affordable to anyone. But without paying for the knowledge you will not get anywhere. Did you know that most affiliate marketers, even the more experienced one, are buying their knowledge (online and offline).

Set in your mind, you will have to invest every year you are an affiliate marketer a sum of money to get more, new and updated knowledge, this is one of the secrets of success.

Thinking that affiliate marketing can help you to become rich fast

You are not going to be rich!!! But don’t be discourage by that.

Most affiliates are NOT making millions. They are making a few thousands of dollars that enabled them to quit their jobs, work for themselves and change their lifestyle forever.

Now let’s be honest, most of us, only need a few thousands of dollars a month income and here my friend, you can be yourself!

When I was 18 years old (almost 20 years ago, boy I am growing fast ), when people asked me what are my goals when you reach the age of 30. The answer was $1M in the bank. The reaction of most people was be careful that “your expectations wont blow in your face”. But the keyword here is not expectations but setting the right goals. Think about it for a sec… if I’ve said $100,000 in the bank and was able to get to only 50% of my goal, I would have in the bank $50,000 – nice… but not as much nice as setting the goal to $1M and by reaching only 50% of my goal, I will have ‘only’ $500,000 in the bank!!!

I hope I made my point clear. Don’t expect to be a millionaire from Internet Marketing, as I said, most of them do to set their livings. Just set your goals to where you really want to be (plus some margins for errors).

Selecting the wrong niche/products to promote

It has been a long time since I’ve written in the blog and the truth is I have no excuse what so ever. Even if I tell you I was working like a dog, it is not an excuse. Well, it is an excuse, but not a good one. Hope to keep it going back on track now.

Now this This is one of the biggest reasons why affiliates and Internet Marketers are failing. So… how can you be wrong? Why does it matter what product you want to promote? Well, the answer is really simple. There are 2 simple thumb rules, or you can call it ‘tests’, that I do, in order to determine if I say yes or no to a product. Here we go:

1)   Is this market is a buyer market? Back then I found a great niche – the astrology niche, it has zillions of searches and the cost per click is rather low. I’ve tried back then many products and services, building lists, but the bottom line, these people wanted free astrology information and weren’t planning on paying a dime for it or anything related. You have to do a good research (I do admit that sometimes you can really know and the best way to do is to test it…).

2)   Is there a market? You probably thinking, this is a strange question but it is not. You have to see if there is a market. You have to find out if there is enough volume of targeted audience to make it worth a while for you to test the market.

Now it doesn’t really matter if you are planning to make your own products or promote other people products – the 2 rules always apply to both.