Affiliate internet marketing can be a risky business if you don’t know what you’re doing. A lot of people start out in internet marketing with the possibility of making a fortune online only to later discover they wasted their time and money. Affiliate internet marketing can be a potential goldmine if you approach this type of internet business with the appropriate knowledge at hand. I remember when I first heard of affiliate marketing, it sounded really exciting and quite simple to tell you the truth. But in reality it can take a long time to learn from your mistakes (the hard way) and become a successful affiliate marketer.
If you’re new to affiliate marketing it pays to seek a bit of advice before getting started promoting affiliate products. Before you start any affiliate internet marketing campaign you need to do your maths. There is no point promoting an affiliate’s product if the cost of sending traffic to their website outweighs any return you’ll ever receive. Let’s face it, pay per click advertising is one of the most popular ways of promoting affiliate products and if you’re paying too much per click to send traffic to the sales page, you’re never going to be a successful affiliate marketer.
A good starting point to use when doing your initial calculations is to use a sales page conversion rate of 1%. There will always be some sales pages that have a higher conversion rate and some lower but 1% is a good rate to use initially. Suppose the affiliate product you’re looking at promoting gives you a commission of $20 for every sale you make through your affiliate link. Assuming the sales page converts at 1% we can tell that you can’t afford to spend anymore that 20 cents per click and that’s just to break even.
This sort of initial ground work is critical before you start any affiliate marketing campaign but so many newbies to affiliate marketing fail to do this. Before you get too excited and dive right into affiliate internet marketing it’s a good idea to invest a little into your future online business. Whether that’s through researching free forums or purchasing a product that will teach you the process behind affiliate marketing.
Too many newbies to affiliate internet marketing that don’t know what they’re doing blow all their cash with basically no return on their investment to leave the game for good. If they’d just spent a bit of time educating themselves the outcome may have been entirely different.