Why Most Affiliate Marketers Are Broke & How to Avoid This
When it comes to affiliate marketing you can make a lot of money, but you can also lose a lot of money and waste a lot of time. That is why I want to show you why most affiliate marketers are broke and exactly how to avoid this.
They are in to many markets at the same time. This is a huge problem most people have with affiliate marketing! It is very easy to open up a new AdWords campaign and promote a new product in a new market and make a few hundred bucks a month.
The problem is you never get any momentum in a market and you get spread to thin and don’t make any compounding profits. That is why you must focus on one market until you are making a substantial amount of money in that market.
They are promoting products that will never make money off of AdWords traffic. I see this all the time. People start promoting eBooks for $30 and think they can make money on buying AdWords traffic for $0.50 a click!
You have to understand – don’t spend a lot of money on traffic until you have proven to yourself that you can make a good profit off this site & AdWords. Once you prove to yourself that this is the case – then ramp up your traffic.
Don’t do it the other way around.
The markets they are in are to small. You need to have at least 4 products in your market that you can promote or you will go broke. If you just promote one offer & it quits working – your out of business.