Affiliate marketing is one of the most popular and also the most lucrative way of earning passive income online. In affiliate marketing the merchant only pays the affiliate whenever someone he refer takes action i.e. whenever the customer makes a purchase which make the whole program a win-win affair for both merchant and the affiliate. In other word the merchant making a sale and the affiliate earning an income from the sales that he initiated.
However before one venture into affiliate marketing, it is better to understand the hiccups that surround it so as to know how to avoid some certain pitfall.
MISTAKE NO 1 NEVER CHOOSE A WRONG NICHE.
Most affiliate fail to do market research before choosing an affiliate product to promote. They tends to make money fast as soon possible from the whole scheme. For you to really make money repeatedly from affiliate marketing you have to choose a niche that you have a liking for. The basic reason for these is that it is more easier to work in the market you enjoy and know something about.
Choose a niche that is appealing to you and do some market research on it to be able to ascertain that their is high demand on it.
MISTAKE NO 2 MAKE SURE THE MERCHANT IS NOT COMPETING WITH YOU.
Take time to find out if the merchant you are promoting his product is not promoting the same product with you. This is because every sales refer directly by the merchant is a loss to the affiliate. To really know if a merchant is competing with his affiliate, you can make use of the Google search engine by typing your market niche into the search engine and look through the result that springs up critically to see if the merchant has a lot of pay per clicks advertisement or other promotional items. You will be able to tell if the merchant is competing with his affiliate as he will direct his prospect through a direct link and not an affiliate link.
MISTAKE NO 3 LOOK FOR SALES PAGE WHICH USE GOOD ATTENTION GRABBING HEADLINE.
In other to make a lot of sales, make sure the sales page of the merchant has a solid copy writing, attention grabbing headlines that makes you want to read more. The reason behind this is because the more benefit that is being reveal through the sales page, the easier it will be for the customer to dig into his wallet to make a purchase.
MISTAKE NO 4 MAKE SURE YOU BUY THE PRODUCT.
As an affiliate promoting a product, for you to be able to provide an unbiased valuable information about the benefit its users will enjoy is for you to have already tested the product to see if it meets your own needs. Buying and using the product yourself will make you a living testimony that its deliver what it promise.