Tag Archive | "Multiple Streams Of Income"

Common Mistakes in Affiliate Marketing

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Common Mistakes in Affiliate Marketing

If you’re new to affiliate marketing, you should know that there are some mistakes made by many newcomers to this industry that you should avoid if you want to build a business that is profitable both in the short term and in the long term. Here are some of the most common mistakes done by newcomers to affiliate marketing and how you can easily avoid them:

Joining Every Affiliate Program Under the Sun

The experts always talk about how building multiple streams of income is important for success in affiliate marketing and with business in general. They show you how they’re part of dozens of affiliate programs and make money from them. But should you do the same? Not right from the start. Exploring various earning opportunities is definitely great, but when you’re just starting out, you should rather focus on a few programs and not overload yourself. This will make it far more complicated to find the right offers to promote, as you will have way too many to choose from. You will also get plenty of promotional emails from affiliate networks and managers urging you to run their campaigns, but you simply won’t be able to handle all of this at the same time when building your business.

Not Testing the Links and Merchant’s Page

If you make a mistake when copying the affiliate link over to your landing pages, this could be quite costly, as it will probably mean that any sales that you make won’t be tracked and so you won’t get paid for them. You should test your links to ensure that they work correctly. Also, you should check whether the clicks you make register correctly in your affiliate account, though bear in mind that there could be a delay between 15 minutes and a few hours before they appear. You should also see that the merchant’s site is loading correctly and not experiencing any technical problems at the moment. Obviously, sending traffic to a site that doesn’t work is pretty pointless as you will be left wondering why you haven’t made any money from your visitors.

Not Tracking Properly

Chances are, you will be promoting your affiliate offers through different channels. If you want to increase your chances of success, then you need to set up a tracking solution that will allow you to know how many clicks and sales came from which of your websites or advertising channels. This will be very helpful when you want to optimize your campaigns, as you will know which methods that you’ve used in promoting the offers worked and which ones didn’t really do anything. Many affiliate programs will allow you to generate different link codes for the same offer, allowing you to track your clicks more easily. There are also simple scripts that you can integrate into the back end of your website that will let you know exactly where your conversions came from, such as the keywords used, which ad was clicked by the buyer, etc. Any serious affiliate marketer maintains detailed statistics and has a good tracking solution set up.

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Building Multiple Streams of Income

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Building Multiple Streams of Income

If you want to make more money online, there are a few ways that you can make this happen. While the specific details will vary according to what kind of online business you are in at the moment, there is some good advice that you can use no matter what you are doing at the moment and what you would like to do in the future.

One of the important things is to: Work on building multiple streams of income, but do it well

We all hear that earning money online successfully involves having multiple streams of income. This is a common topic that comes back in nearly every “Make Money Online” ebook being sold. And this is not just another marketing gimmick to get authors to sell more products. The reason why so many give this advice is because it works, period.

This is even true in the “offline” world. If you ask a person who is very successful financially and has a net worth of several million about how they make their money, they will probably tell you that they run several businesses at the same time. They may own a restaurant franchise, an apartment building, a car wash, a gas station, etc. All of these businesses bring them money.

This gives them the opportunity to not only make more money, but to ensure that they would keep making money should conditions change and one of their businesses wouldn’t be as profitable anymore.

The same is true online. It is better to have 4 websites in different niches making $25 a day than just one website making $100 a day. However, some people don’t approach this concept the right way. They see “multiple streams of income” and believe that it means “do everything at once”. Obviously, this is not a winning strategy, because it would probably degenerate into “do everything at once but do nothing well enough”.

A better strategy for success would be building each site or business one at a time. Focus your efforts on only one or two things at the same time, maximum. Then, when this business starts rolling well and brings you revenue like you want it, you can then start thinking about whether you’re ready to build something else that would work too.

After some time, you would be able to get multiple streams of income coming in from different websites, businesses, products, etc. that you own. This is one of the principal elements of successful online money making.

There are other tips that you can apply in the online business world that will help you earn the revenue that you’ve always wanted from your activities. Tomorrow we will consider some other pieces of advice that you can use to do just that.

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Why Multiple Streams Of Income Are Important In The Online World

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Why Multiple Streams Of Income Are Important In The Online World

If you’ve been reading certain guides on online business, you may have been told that in order to succeed you need to have “multiple streams of income”. Now what does this mean? And most importantly, is it actually true or is it simply a gimmick that is used by product creators to try and have you buy their guides?

Simply put, having multiple streams of income means that you are making money online through various different sources. It’s actually as simple as that. And it is also a concept that can be applied to any online money making activity, whether you are running affiliate offers, selling your own products, providing services or publishing pay per click advertisements on your site.

Now is it something that is really necessary to have? If you are running a business that is bringing you a full time income, then the answer is yes. Now why is that? So that your business can keep operating even if one of your income sources declines or dries up completely. Sure, you may think that it won’t happen to you, but if you’ve read any internet marketing forum, you will find plenty of stories about it happening to other marketers.

There are certain products or offers which are only popular during a certain time and then their popularity decreases. Think of the Acai Berry CPA offers that were all the rage about a year ago. Sure, a lot of marketers made money from them. Some made very serious amounts of cash. But a few months after it peaked, the offer started going down due to the fact that the product received some negative press due to questionable claims made by manufacturers, plus many people complaining that they were having a hard time canceling their subscription to this rebill offer.

There has also been cases where some smaller CPA or affiliate networks were having trouble paying those who run their offers. Some people were getting paid late, others ended up not getting their money at all in some cases. Obviously, if you only work with one network and they have trouble paying their affiliates, this will spell trouble for your business as well.

Organizing multiple streams of income is not difficult at all. Say if you are a CPA marketer, you simply have to work with a few different networks and run some different campaigns on each. You don’t even have to do it all at once if it would be too hard for you to manage. For example, you could run offers from network A for the first half of the month and network B for the other half.

If you are a freelancer such as a content writer or web designer, advertise your services on a few different sites and not only one. Also, work with a few different clients if possible. That way, if one of your regular clients who you’ve worked for during many months suddenly doesn’t need any work done during this month, you won’t be left scrambling to find other ones.

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