Automation

Four Common Mistakes Made By Affiliate Marketers

You would find it very hard to source a more profitable and gratifying way to make money online than affiliate marketing – promoting someone else’s product for a commission. Having most of the hard work done for you already allows you to focus on money-generating activities like building your list, driving traffic and obtaining sales. Affiliate marketing gives you an unlimited earning potential and has, in fact, created many internet superstars.

Of course, affiliate marketing does take skill, knowledge, and a strong determination to succeed. If you think that you will become an affiliate marketer today and be a gazillionaire tomorrow, you are sorely mistaken. However, if you are serious about building a solid business in the affiliate marketing industry and do your best to avoid some common mistakes that can derail your progress, there is no reason why you cannot do just that.

So, what exactly are the activities that you want to avoid? Below I’ll touch on some of the most common blunders that newbie affiliate marketers make so you can keep clear of them.

1.) No List

Your list is probably the most important tool you will ever have as an affiliate marketer, and yet, so many people neglect to build one. Yes, you can make one-time sales by driving traffic directly to a sales page, but what you want is to be able to make numerous commissions from each and every customer. Having a list, especially a ‘buyers list’, allows you to nurture and grow a profitable relationship with people who will look to you for information on the best products available in your niche.

2.) Commission Based Focus

Yes, it is wonderful to find products to promote that have very high commissions. In fact you can find tons of products that pay out 100% commissions, but be sure that you are only promoting excellent quality items that help your subscribers instead of only looking at your potential income from each sale. Becoming someone with a reputation of recommending inferior products only to make a sale will hurt your reputation in the long run and you will find that as time goes on, you will be making less money instead of more. Below is a link to the most valuable company, both income and self helping I have come across Link To 7 Part Video Series

3.) Being A ‘Seller’ Instead Of A ‘Helper’

Jay Baer, marketing consultant, speaker, & best-selling author said, “If you sell something, you can make a customer today. If you help someone, you can create a customer for life.” As an affiliate marketer, your job is to let the sales page do the selling and instead, be a connoisseur of expert advice and information pertaining to our niche. When you act more like an honest reviewer of products instead of a salesperson, you are more likely to gain the trust of your followers and in turn, make more money in commissions.

4.) Shiny Object Syndrome

While having several promotional products at a time is not a bad thing, it is possible to have too many irons in the fire when it comes to affiliate marketing. Be sure to have enough time and energy to focus on the things you have going on right now without getting distracted by the next big launch that is inevitably going to come along in the middle of your current campaign. Being an affiliate marketer required constant focus and self-motivation. The ability to see a marketing campaign through to its completion will be a valuable skill to you in your affiliate endeavors.

These four mistakes are common throughout the affiliate marketing industry. Make it a point to avoid these pitfalls and give yourself a more probable likelihood of being successful in your marketing endeavours.

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Business

NYC Taxi Medallions Worth Their Weight In Gold

NYC Taxi Medallions Worth Their Weight In Gold…well they used to be worth their weight in gold, up until a few years ago.

A medallion is required to operate a New York City yellow taxi cab, the only type of vehicle allowed to accept passengers who hail cabs on the street. Until the streets were flooded with independent operators like Uber & others, those medallions could sell for over one million dollars! Cabs have been reported to be around on the streets of New York since the late 19th century. By the 1930’s their numbers had slowly grown over the years to a whopping 30,000 zooming around the streets unregulated. In the late 30’s the city introduced the medallions costing $10. Since that era they experienced extraordinary growth of almost 8000 times their initial price at their peak.

The gentleman that owns the most medallions in the city Andrew Murstein has found a lot of green in yellow, reportedly owning at least 500. These days credit unions mainly own and lease out the medallions like LOMTO Federal Credit Union have 628 medallion loans totaling about $138 million. For decades, taxi medallions were among the safest financial bets around. Many New Yorkers got rich by purchasing a few and watching their value soar over the years.

A couple of years ago owners of New York City’s taxi “medallions” filed a lawsuit (PDF) against city regulators.  “With companies like Uber operating in the marketplace free of regulatory burdens… licensed taxicab drivers have left the taxicab industry in droves, choosing instead to drive for Uber,” The taxi drivers that have stayed are at risk of losing everything,  earning an average of only $22,000 per annum and having no chance of paying their loans.

In this current financial climate and the direction the world is heading traditional brick and mortar businesses and seemingly bullet proof investments are certainly not what they used to be. Affirming my personal feelings around working online and building my own personal brand. In doing this, being the absolute best version of myself and helping as many people as possible I feel security and freedom (eventually) that I would not get as simply an employee. The cab drivers of New York, New York are commendable, especially the ones that had the foresight and belief to invest in a medallion. However anything can happen. I feel very strongly in diversification and also personally have a love for the online platforms with billions of eyeballs looking to cure different pains. My personal focus is helping people be a healthier version of themselves. Lead generation and quality traffic, for ANY business niche & more recently I have a desire to share digital training and motivational content. With the latter you can help multitudes of people long after doing the work, by way of eBooks or audio visual content. From a business sense you can still see remuneration without the need to be on a call or at a meeting where you are swapping your time for money. Many connections of mine talk about a goal of, or are already coaching or consulting. Yes the money can be substantial, however again you are needed physically to be present. Similar to an employee you are trading your time for money, probably more money than a typical employee. If time freedom is the ultimate measure of success, digital products are the ducks nuts, for mine!

Different tiered products are an important part of the equation also. Apple’s products are a great example of having different price point offers. Purchasers may have bought a iPod years ago, next its the iPhone, time passes and an iPad is essential. Before you know it your investing in a flash desktop Mac because it all syncs up seamlessly and you just gotta have one…well O.K. maybe not, but you get the point. With different tiered products, purchasers may pay $7 for an eBook, then over time a course for hundreds, then a mastermind for thousands. The key is to provide 3 times the value minimum, compared with the price being paid.

Online is the future whether people like it or not. Give value, value, value non-stop, build brand ‘You’ and I guarantee you will go far, even long after all these corporations fall to the wayside!

 

Andrew Murstein (Mega Medallion Owner)

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Automation

MARKETING TERMS FOR NEWBIES

MARKETING TERMS FOR NEWBIES

I have been marketing online for some time & looking back it has been a very steep learning curve. In this article I will shed some light on Marketing Terms For Newbies . The great thing in the “laptop lifestyle” community is peoples willingness to help others. We were all “Newbies” at some stage. No-one just hopped online and had an instant following, were able to give massive value and in turn make bucket loads of cash money…despite what some will try and tell you.

The reality is you need to put the time in, learn systems, realise shortcuts, use the knowledge of people around you, that have done what you are striving to achieve. The other analogy I like to use is; think of a baby, crawling, then slowly standing sometime down the track, small steps are then taken, along with falling many times on it’s nappy bottom. Before long that little bubba is walking around on its own and then eventually running all over the house and yard.

Below is an index of marketing terms for newbies that if you are getting into this space you will see bandied around a lot. If you are currently working with me online feel free to add terms to this list in the comments below then I will add them to this post..our newbies need us!!!👈

MARKETING TERMS FOR NEWBIES

ASKHOLE: A person who constantly asks for your advice, yet always does the opposite of what you told them.😂

AFFILIATE: An individual who promotes products or services for a merchant like Six Figure Mentors, in exchange for receiving compensation for their sales

AFFILIATE LINK: A link provided to you by the merchant like Six Figure Mentors that includes a unique tracking code specifically assigned to you for the merchant to track the sales you have generated.

CLICK: This refers to someone who clicks on your affiliate link that takes them to the merchant’s website. *Clicks and leads are not the same thing* ✋hand to face

PROSPECT: an individual who you have contacted via organic (free) traffic methods and whom you ask specific lines of questioning to qualify them for your offer so they become a targeted lead.

LEAD: an individual that expresses an interest in your goods or services. *Your leads are your emails and phone numbers that you receive from your clicks*

SALES FUNNEL refers to the buying process that customers go through when purchasing products. A sales funnel is divided into several steps…in your case it’s a landing page, sales page then order page

PAID TRAFFIC: this comes in many forms but is basically when you pay to get visitors to your link ..example would be PCC- pay per click

FREE TRAFFIC: also know as time consuming traffic… is when you you get visitors to your link through social media, SEO, YouTube, forums, blogs, etc.

CPC (Cost Per Click): Cost of an individual click when paying on a per click basis. (paid traffic)

OPT-IN-RATE: The percentage of people who subscribe to your mailing list out of the total number of people who were presented with the opportunity.

CONTENT MARKETING: is the marketing process for creating and distributing relevant and valuable content to attract, acquire, and engage a clearly defined and understood target audience

NICHE: A specific topic or vertical. Example – if you own a site about dogs, then your niche would be dogs – as well as pets in the broader definition of a niche.

Add on from comments:
SEO: Search Engine Optimization. The practice of optimizing your website to get it to show up higher in the search engines for specific topics and keywords.

AUTORESPONDER: Used to store your email list and send out automatic and manual broadcasts. They help you automate your campaigns and manage communications with your recipients.

OFFER: The program, business, product or service that you’re promoting. e.g. ‘send traffic to your offer’

ROI: Return On Investment. The Return should be greater then the investment put into achieving the returns.

VALUE: something you provide to a prospect, lead, or signup that may help them to succeed, this is not always monetised, value often comes in form of useful information in video or text form (i.e. this post)

If you found value in this, please like comment or share.

Have a productive and fun day.

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If you enjoyed this article & you believe others would benefit please share.
Ryan Billy Tate

Main Blog: RyanBillyTate.com

Six Figure Mentors Membership: Six Figure Mentors Elite+ Member

Online Sales Pro: VIP Member >Click Here For Demonstration Video<

About Ryan Billy Tate

>Click Here To Learn More About Ryan Billy Tate<

Connect With Ryan On Facebook

Follow For Follow On Instagram
Connect With Ryan On LinkedIn
Connect With Ryan On Pinterest
Checkout Ryan’s Channel YouTube
Follow Ryan Billy Tate’s Tweets

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