There are many ways to make money online, and affiliate marketing is one of the best ways to do so.
Affiliate Marketing has made more millionaires online than any other internet or digital venture.
However, affiliate marketing has the most casualties when it comes to wasting time and resources online without getting any results.
Many so-called affiliate marketers today are frustrated, confused, and broke.
But that is because no one is going to tell them the truth about affiliate marketing.
Most of the affiliate marketing platforms today are built on gimmick and false narratives, just to attract a sea of desperate newbies.
In fact, less than 20% of affiliate marketers today are making any money online. Ask them to show bank proofs.
But that is a story for another day.
In this article, we’ll look at five reasons why affiliate marketing isn’t good for you and how to make adjustments.
Or better still, reasons why you are not going to make any money from affiliate marketing, and what to do instead.
Let’s get started.
You Have no Platform
If you have no platform, then it might be difficult to make money with affiliate marketing.
A platform is anywhere you have an audience who listens to you and respects your recommendations.
There are many platforms, such as Facebook groups, Facebook pages, YouTube, Instagram, Telegram, WhatsApp, Blog, etc.
If you don’t have at least one of these platforms, then you would have to sweat and pay to get every single lead which might not necessarily lead to a conversion or sale.
Lack of Email List
Someone told me recently that an email list is like having the key to a vault. Anytime you need money, all you have to do is turn the key.
And he was right.
An email list is gold when it comes to internet marketing.
If you can build an email list and engage them over a long period of time, you can start sending them your affiliate marketing offers.
An email list is so important that if you don’t have a platform, you can still make money from your email list.
In fact, you don’t need a platform to build an email list. If you can create a successful lead advert campaign that collects interested users’ emails and phone numbers, then you’ll be on your way to creating a responsive email list.
Lack of Product Fit
It is important to note that not all products are good for your audience.
You could have the greatest affiliate marketing product on earth perform poorly when you market it to the wrong audience.
The biggest reason why affiliate marketing may not work for you is that you are yet to find the right product that matches the interest of your audience.
Lack of Marketing Fund
Many newbies fail at affiliate marketing even before getting started.
Affiliate Marketing is not an investment platform where you invest money and then go to sleep.
Affiliate Marketing is not a passive income model, even though there are some automated processes involved.
Affiliate marketing is also not cheap. You need a reasonable marketing budget to reach the right audience and build a following.
If you are planning to invest your money into affiliate marketing with the aim of getting passive income, then you are in for disappointment.
If you are broke and looking to dig affiliate marketing with your last cash, then you need to abort.
Unless you already have a ready audience to sell the right affiliate marketing products to, you’ll need to invest significantly in marketing.
And that costs money.
Poor Marketing Strategy
Do you have a specific marketing strategy to get your audience paying or you’re just following a generic template?
One of the biggest reasons why affiliate marketing won’t work for you is when you do not have a solid or proven marketing strategy.
It would be a huge blunder to keep throwing offers at your audience without getting them engaged and knowing what they’re actually interested in.
However, many affiliate marketers still keep making the same mistakes.
If you want to have any success with affiliate marketing, then you have to put all your marketing strategies to the test to find which one works best.
And then stick to it.