The Difference between now and then…
When mentoring publishers, I am often asked what is the biggest difference between when I started, and where I am at now. The answer, although seems quite simple, is actually what I believe is the key to success in this industry. I’ve been doing online marketing for quite some time (started in 2001) in all the different aspects of internet marketing and became really serious about search marketing specifically about 4 years ago. Below are some points based on my personal reflection between me now and then:
1.) Start campaigns with $1000 to spend, not $100! When I was starting off, I did the common mistake of depositing $100 into my Adwords account, and seeing where that got me. After I blew through the money in an hour, I would freak out and call my campaign a failure. This is HARDLY the case. There is a TON of trial and error in campaigns, especially when starting off. One ad group may get creamed and lose $80, while your other ad group may get a ton of leads for $20. The important thing to realize is that your statistics are worthless unless you have enough data to prove they do or do not work. 20 clicks and no conversions on an offer that pays $50 a lead does NOT mean it’s a failure. What happens if 2 clicks in a row convert? All the sudden your “failed” campaign is a huge success. It is important to make sure your keywords have atleast 70-100 clicks each before you make any decisions. In most cases, this will require more than $100 for your campaign to figure out. I’d say closer to $1000. Once I started depositing more money into my Adwords accounts, I started finding that MOST of my campaigns were actually having some sort of avenue to profitability. I found my converting keywords/ad variation combinations and scaled my traffic. This was only possible because I had put the proper amount of money into trial and error.
2.) If you’re not a designer, don’t create your own landing pages! There’s nothing wrong with admitting that a professional landing page designer is better at designing landing pages than you. Realize this, and accept it. A solid landing page increases your chances at success substantially. If you are truly serious about trying to succeed at online marketing, do it the right way. Spend the $100 and get your page done by someone who knows what they are doing. It could be the difference between your campaign hitting, or missing.
3.) Develop a healthy disregard for money. Don’t stress over a loss. Look at the situation similar to a college education. You are paying to learn. Be sure to reflect on every swing at a campaign, and develop a conclusion from your attempt. Document what you learn. The only way you really lose money, is if you don’t learn something new.
4.) Scale like CRAZY!!! If you find a particular keyword or niche that is working, SCALE! Do not hold anything back. Go after every single engine, every single language possible. Examine new traffic sources. You need to milk every cent of profit from you findings. You will find yourself in regret for not doing this when your niche dies down. Don’t leave a cent left on the table!
5.) Track your results thoroughly! This is the main reason why I made Bevo Media. I always found it a pain to track my results thoroughly, however it is of the utmost importance. I mean much more than tracking your keywords too. You should track your landing page and ad variations thoroughly. I built Bevo Media based on my needs as an affiliate marketer, and once I started tracking my results thoroughly with it, I found it much easier to draw conclusions about the aspects of my campaign that were successful, and optimized from there.
6.) DO NOT GIVE UP! A full time affiliate marketer, may as well be considered a full time ‘trial and error’ expert. 90% of the game is trial and error. Just keep trying different combination of keywords, landing pages, offers and ad variations. You are bound to hit eventually. Use your resources, such as your affiliate managers to let you know what niche is hot at the time. If you have a niche that is proven to be converting extremely well at the moment, then you know it’s working for somebody. It’s just the matter of figuring out the right combination within you campaign!
These are all points that have cost me both time and money to realize, and feel all newbies can get a jump start to success from my sharing. Do yourself a favor and take these points seriously. Don’t cut corners. Affiliate marketing is a dream job, but it’s still a job. Strive to be the best, but you need to earn it first. Lazy people do NOT succeed in life, no matter what the situation is. So work hard and celebrate after!
-RB
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Would you rather be in the NFL or a be big Affiliate Marketer?
My buddies and I debate this subject all the time, and I figured I’d bring it out to see what everyone else had to say about it. Would you rather be in the NFL, or be a serious, high revenue affiliate marketer? Don’t laugh, this is a serious debate, and if you think about it, it makes sense.
I will start off by saying that I know 7 people who are currently in the NFL. A few starters, a few guys on the practice squads of their respective team. Many mixed reviews, but for the most part most say the same thing…. being in the NFL isn’t all it’s made out to be. Many face the day to day pressure of being cut, or deactivated from their respective teams, meaning their life goes from riches to rags within a day. It’s not all glamour and glory. Most people in the NFL are not super stars. Infact, the average NFL career is UNDER 2 years! The minimum salary of a person who makes a roster in the NFL is $330,000 a year. Being on the practice squad is a $4200 a week paycheck for 17 weeks. Do the math, everyone in the NFL isn’t nearly as wealthy as Tom Brady or Peyton Manning, but for some reason, the general public see’s players in the NFL as “rich”.
A big time affiliate marketer has the potential to make millions a year. Every single dollar earned by the affiliate, is because of their knowledge of marketing, that CANNOT be taken away at ANY time. I know several people, including myself, who are making a lucrative living, much higher than an average NFL player, doing far less work. I wake up at noon every single day, sit on the beach, drink a Corona, brainstorm, make some phone calls, and THEN go on my computer. There is no one in this entire world, short of God, who can take away my knowledge of affiliate marketing. Their is NO chance of injury, and NO chance of being ridiculed on national TV. Messing up in affiliate marketing is part of the game. If you mess up in the NFL, you may very well find yourself out of a job and humiliated on national TV.
Forbes.com has recently rated an “internet entrepeneur” as the #1 job in the WORLD. This rates above a rockstar and a professional athlete, and there is a reason for this! Being an affiliate marketer is a dream job that allows the best of the best to sit at home, work as they please, and offer the opportunity to make well over the average American salary. It’s the best job in the world, and the reason why I am so thankful for all the blessings that have come my way.
Think what you want, but the next time you start stressing at your favorite sports team…. realize that it’s just a game… and life goes on.
-RB
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Focus, Focus, Focus
If you’re a person with an above average IQ, you probably have several amazing ideas each day. On the one hand, it’s a huge advantage but on the other hand, it’s also something that can work against you if you’re not careful.
No matter how successful or well organized you are, a day still won’t have more than 24 hours and your budget will probably never be limitless either. Yes, it’s true that you need to diversify but that doesn’t mean that you should go overboard. Spreading yourself too thin is just as bad as keeping all of your eggs in one basket.
In Case You Forgot: Focus, Focus, Focus
Most people get really excited about a project at the beginning but end up being distracted at one point or another. The brainstorming process is almost always a lot of fun but when you start implementing everything, things tend to get a bit boring. It’s like that for everyone and it’s perfectly understandable.
While it is understandable, that doesn’t mean that you have to start finding excuses. So you have great ideas? Well, what good will it do if they don’t materialize? Writing stuff on a board or on a piece of paper is great and everything but making money would be kinda-sorta nice too, wouldn’t it? If you always jump from one idea to another, you’ll end up with a lot of “concepts” but no money in the bank. So, what’s the solution?
You’ve Guessed It: Focus, Focus, Focus
Keep your eyes on the prize and be sure to set goals. Reaching a goal always gives you a nice little boost, probably more than enough in order to make it to the next one and so on. Don’t forget to reward yourself, keep it fun!
Ok, so focusing is important. But does this mean that you should let ideas with a lot of potential go to waste? Of course not, be ready to always write a great idea down. Be organized, you’ll thank yourself later on. Notepad is your friend, seriously! Why complicate things? Create a folder, call it “ideas” or something and whenever you think that you’ve discovered the best thing since sliced bread, open notepad or an editor of choice for a moment and let your imagination run wild. Then get back to work, rinse and repeat. That’s really all there is to it.
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A Little Bit of Paranoia Helps!
You’ll cross paths with a lot of shady people as an affiliate marketer, there are always folks who want to make a quick buck and this industry definitely doesn’t represent an exception. It’s even safe to assume that a day never goes by without someone trying to cause trouble in one way or another.
Maybe it’s an advertiser who’s shaving like there’s no tomorrow, maybe it’s the owner of a network, maybe it’s someone who’s trying to intimidate your host, maybe it’s someone who wants to hack one of your websites and the list could go on and on.
Ready to Put Your Tinfoil Hat On?
Well, you should be. A little bit of paranoia definitely doesn’t hurt and it all boils down to this: watch your back! Let’s analyze two possible scenarios:
- You blindly trust the people you do business with
- You don’t trust anyone
Now in the first case, it’s only a matter of time until you’d end up being disappointed and possibly even broke. It happens time and time again. Do you think that blindly trusting an advertiser and/or your AM is the smart thing to do? Let’s assume that an offer converts great today and that your AM is insisting that you invest as much money as possible “until it’s too late”. Let’s also assume that you’re just starting out and only have $5,000 at your disposal. Should you invest everything you have? A lot of people do and end up being disappointed. There are more than a few advertisers who lure you in with an offer which converts great, only to start scrubbing like maniacs as soon as they see some serious volume. If you have a huge budget at your disposal then sure, you can afford to lose $5,000 or even more but if not, don’t get carried away!
What about Scenario #2?
Now as far as scenario #2 is concerned, one thing is certain: if you don’t trust anyone, you’ll never end up being disappointed. That doesn’t mean that you should treat the people you do business with like criminals, not by a long shot. Don’t start burning bridges, be rational.
Paranoia can work in your favor as long as you don’t go overboard. Be polite and professional but not naïve, that’s basically all there is to it. Do everything you can to generate win-win situations but don’t forget to watch your back!
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The Art of Creating an Attractive Ad which Appeals to the “Right” Audience
Did you think that if your ads have an impressive CTR, the campaign(s) will automatically end up being profitable? Wrong! Think about it: the most important thing is convincing the people who click to perform a certain action. Maybe you’re selling something, maybe you want them to sign up for something.
Even if you have a brilliant landing page, convincing the “wrong” audience to perform the action(s) in question is so hard that it’s just not worth it. Most people think that it’s your job as an affiliate marketer to convince as many people as possible to click on an ad. Well, it’s not.
Do You Want Lots of “Curious Clickers”?
Here’s the thing: even a complete beginner can come up with an ad which is so “different” (weird, interesting, maybe even shocking) that lots and lots of people end up clicking. But there’s just one problem: most of them would be “curious clickers” who have no interest whatsoever in what you’re offering. They would click that shiny ad of yours, drop by and then leave.
In other words, you’d practically be throwing money away. While it is true that you will get cheaper clicks if your CTR is high (after all, networks display ads based on how much money they make from each of them – they make more money from people with low bids but a huge CTR than from people who are willing to pay a lot more per click but have an ad which nobody wants to check out), it still just won’t be worth it in most cases.
Exact Science + Art = $$$
Affiliate marketing is an exact science as well as an art and in this case, you have to find the right balance between creating an attractive ad and not making it appealing to the wrong crowd. It sounds complicated but it really isn’t. If you have at least some basic understanding of marketing, you’ll be fine.
All you have to do is make the ad “different” but still make it perfectly clear what you’re offering. The potential visitors need to know exactly what they’d end up finding if they choose to drop by. Show them what your site is all about in a unique way. Tweak, tweak and tweak some more. Find something that works, scale. Rinse and repeat. Have fun!
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