Even though affiliate marketing has become extraordinarily popular, the truth of the matter is that 90% of the people involved in this type of marketing will bring in less than $100 in income per month. So, don’t quit your day job unless you can become very proficient at things like:
a. Creating a great website that will not only attract customers but keep them coming back.
b. Optimize your search engines. To make any type of decent income you will need to have a lot of traffic coming to your site. The average rate of buyers is not high, so you need to make sure that your traffic level is high. It has been proven that, on average, only 1 out of every 200 people visiting your site will actually buy anything. Therefore, the more people visiting the site, the more opportunity you have for sales.
c. Do your research on picking merchants and retailers to represent. This is as much hit and miss as it is anything else. You want to make sure that you are promoting good merchandise or it just makes your job that much more difficult.
You must keep in mind that affiliate marketing is more work than most people assume that it will be. There are many that think by putting up an ad or banner that they have it made. They can sit back and just watch the money flow in. This is not going to happen. It does take a certain amount of work and diligence.
There is no hard and fast rule as to how long it may take you to realize success with affiliate marketing. It depends on how much time you have to put into the business and how much money you want to bring in. If you have some time to devote to it and you can pick things up quickly, you can make fairly good money in a short time. But, if like most people, you have a full time job and only limited time to spend on this, the money will be much slower coming in.
As with any new business, the first few months will be the toughest. It will sometimes seem like a losing battle since you will be putting in the work but will not be making much on the financial side. Try not to get discouraged. Stay with it and things should improve.
As mentioned a little earlier in the article, you may have a great amount of hits on the website but only a relatively small number of those people will actually be buyers. So it’s a matter of waiting out the tough times until your traffic increases and so do your sales.
Try to know the types of people that are coming through your website. If you can do this, you can place the appropriate types of ads on the site that will interest them. This is not an easy task as it takes time to analyze your traffic over time. But if you can master this concept, it will help you to build your business.
This is a type of marketing that takes time to learn and time to build. If you can put in that time, then over a number of years you should acquire the knowledge and skill to run your business skillfully.