Let’s not beat around the bush. Almost all of us love affiliate marketing because of the immense freedom that it provides us with. As an average joe, it’s a dream to have to wake up and see your bank account have more balance that you had the night before. And to achieve that, you need to have discipline and have a couple of best practices that you live by. And that’s exactly what I’ll be covering in this article – 5 best practices for affiliate marketing that you should live by.
Traveling around the world and working out of your laptop is amazing, no doubt. But if you want to keep living this amazing life for the rest of your life, you need to make sure that you are setting things up in the right way.
And for that, you need to make sure that you win even before the competition starts. That’s the real advantage that you should have on your side. So without any further ado, let’s dive head first into this.
Affiliate Marketing Best Practices #1 – Laser Focused But Not Crazy
There’s a fine line between being laser focused and appearing as a crazy person to other people. As an affiliate marketer, you need to make sure that you do not reach the crazy line.
What do I mean by this?
Well, you want to make sure that you are not abandoning everything else in your life. You want to make sure that your friends and family still love you while working on your affiliate marketing projects.
Everybody goes through down times. You want to make sure that you use that time wisely, aka, recharging yourself and getting ready to execute your strategies.
In other words, make sure that you are not turning yourself into a hate machine while trying to achieve your dream life.
And also make sure that you are not working yourself till exhaustion. It’s a marathon. Maintain a steady pace and you’ll reach your goals sooner than you thought.
Affiliate Marketing Best Practices #2 – Accurate Market Research = Faster Success
Whatever you do on your affiliate marketing journey, you want to make sure that you are doing proper market research. Because you don’t want to fail when you are 6 months into a project. That will just be a huge waste of your resources.
To avoid that, take your time to do the market research. You don’t have to end up with a conclusion on the same day. Sometimes it can take weeks, but if you do it right, you will save yourself months or maybe years from a failed project.
If you’re unsure about a product, test it out on a smaller scale and see if people like it. It’s all about the response and then scaling things up and allocating more resources.
Most people do this the wrong way.
They choose a product and then just start marketing it without even testing it. And that is the reason why you see so many newbie affiliate marketers fail. They never follow the right path to success.
So, make sure that you do not make the same mistakes.
Affiliate Marketing Best Practices #3 – Adding Fresh Content to Your Blog/Website
In this world of search engine craziness and information consumption, you want to make sure that you constantly have new information for your audience.
They want to learn more about the topic. And they want to learn now.
And if you don’t provide them with fresh content to consume on a regular basis, they will go to someone who will do that. And that might just be your competitor.
So make sure that you are giving your audience what they need.
This will not only build up a loyalty around your blog and brand, it will also help you become an authority. Because at the end of the day, authority is just a group of people loyal to a specific blog or brand.
If they are loyal to you, then you are an authority in that niche.
If you are not doing this, then you are definitely setting yourself up for a huge failure.
Avoid that, and start posting content on a daily basis.
Affiliate Marketing Best Practices #4 – Re-Invest
This goes without saying. But some people love to party too much, so I had to include this point.
NEVER spend your initial earnings on things outside your business. If you want to scale it up and end up having that laptop lifestyle, you want to make sure that you have as many resources as possible.
And money is one of THE most important resources out there.
So instead of buying that PlayStation, re-invest that money back into your business so that it can grow quickly into something that you just cannot resist loving.
Not only that, what you do with your initial earnings will also decide how your entire journey will look like.
If you do not re-invest it, then you will do the same thing when your next affiliate cheque comes in. And then imagine what you would do when the 3rd cheque comes in? The same thing.
So break that cycle right in the beginning.
Affiliate Marketing Best Practices #5 – Eat. Sleep. Market. Repeat. (Repeat What Works!)
Once you find out what’s working in a niche, that’s when you want to go all out on that. But do it gradually so you don’t burn yourself.
By going all out, I meant that you should scale as quickly as you can. This will ensure that you start bringing in those big cheques and you know comes after that? More freedom to do whatever you want.
But be wary of other people here. Never listen to what they say about what’s working in a niche because they could be lying to you.
The best way to avoid burning a hole in your pocket is by testing things yourself and discovering the best ways to build a loyal audience around your brand.
Once you figure that out, then it’s a cakewalk in the park with no sunlight. That means you can eat cake in the dark and not worry about a single thing.
Also, get that “getting rich quick” mindset out. You will need to hustle to reach your goal. And it seems easy at first, but once you get both feet in the water, only then you’ll realize what you have to do to make your dreams come true.
Remember, if it was easy everybody would do it.
So, it’s not about getting depressed when things don’t work out as you thought they would.
Instead, build your understanding about it. Understand what you should be doing in order to make things work.
Once you start doing that, then you will know exactly what to do in any niche that you get into. And that’s when you will realize that everything you touch, turns into gold.
It’s not by accident, you will deliberately be doing things that bring you that gold.
So let me ask you this: do you want to have more gold in your life?
Then focus on understanding how affiliate marketing works. And stop getting sad and depressed when you’re not making money. Once you understand enough, you will start making money hand over fist.
I’ll finish by saying that this journey will not be easy. If you survive and not perish, only then, you will be able to live up to your true potential in this world.