Growing Your Affiliate Marketing Business With Ease!

April 24th, 2008 Derek

I was talking with a friend of mine today whom has just gotten himself started in affiliate marketing about 3 months ago. He asked me a question that got me thinking. He has hit his first goal of 5,000 dollars a month from his affiliate marketing business, however, he now feels stuck and is having a difficult time growing his business.

This post will hopefully provide him as well as all my readers some tips on growing your affiliate marketing business with ease and simplicity.

Offers Come and Go!

One of the first mistakes I saw him making was focusing on niches that come and go. He was doing a lot of seasonal offers like taxes for example. Now, these are really great niches to get into and seasonal niches can really bring in a big buck in a short period of time, because a lot of people don’t worry about seasonal offers at all, including myself! ::embarrassed::

However, he was mostly only focusing on these seasonal niches, so he would get a campaign doing well, and then it would fade in a month and he would have to basically start from scratch.

Also, even regular campaigns you setup, you need to realize that any day the network could pull the offer that your running, or the company could end the affiliate program. So you should always be prepared. I’m a very big believer in scaling a campaign as much as you can, but I’m also experienced enough to know that you shouldn’t only be concentrating on one or two niches!

So my advice to you if your in this category is to work on setting up some other niches, some niches that are pretty safe in terms of they’ll be here for a while. Just some examples, ringtones, dating, insurance, etc. Continue to do your seasonal offers as they are a great way to make a good income, but don’t rely totally on those niches.

Don’t Spread Yourself Too Thin!

Another problem I see a lot of young affiliates do is spread themselves too thin. They start making money and instead of focusing on scaling their campaigns or starting new campaigns, they instead decide to start a blog on affiliate marketing, etc.

Now, I have no problem with an affiliate starting a blog about affiliate marketing, in fact, I encourage it eventually because it’s great for several reasons which I’ll talk about at a later time. The thing you need to remember is in the beginning your working on growing your affiliate business. Blogs and other side projects take a lot of time, and they don’t normally supply the money like your current affiliate marketing business would if you scaled it some more.

Another point of affiliate marketing is too not try to start up too many offers at the same time, or have too many campaigns that require your daily attention running at the same time, etc. If you start campaign after campaign without actually finishing and scaling a previous campaign your going to neglect campaigns you’ve already done and before you realize it they are going to start losing money as others compete against you in your niche and win!

Become Friends With Your Affiliate Managers

One of the quickest and most effective ways to make more in any given niche is to get a higher payout on an offer that your running. The best way to do this isn’t bringing in tons of volume, okay maybe it is for a really big payout, it’s simply becoming friends with your affiliate managers. Talk to them, chat them up a bit. That doesn’t mean IM them and ask them a ton of questions, they get enough of those everyday, instead maybe ask them if there are any offers you should be running and then strike up some small talk. It works wonders!

Make Sure Your Tracking at The Keyword Level!

I get the question of how do I scale/grow my affiliate business all the time, yet when I ask them which keywords are converting for them currently, they can’t tell me!  They aren’t tracking at the keyword level. Yeah you can make money in this crazy game we call affiliate marketing, but if your not tracking your keywords its near impossible to scale without just throwing in a bunch more keywords and hoping for the best. Tracking is key in this business!!!

I wrote a post about Keyword Tracking via Google’s Adwords Pixel, and I’m soon going to write one about using Yahoo’s Pixel to track keywords. If your not sure how to track keywords at the keyword level you may want to check the post out as it gives you one good option. There are several ways to do it.

Make Sure Your Split Testing Everything!

Another quick and easy way to increase your income is by split testing. You should be split testing your Ads, Your Landing Pages, whether broad, phrase, or exact match works best, etc. SPLIT TEST EVERYTHING!!!

Split testing allows you spend less yet make the same amount of money by increasing conversions, increasing your quality score which allows you to bid less for the same position, etc. Make sure you doing this!

I wrote an article recently about split testing ads and how to do it! You may want to check it out if your not sure how it works.

Conclusion:

I hope these tips well help you grow your affiliate business and give you a starting point when your not sure what to do.

If anyone has any other suggestions for affiliate marketers who are already making a little each month from affiliate marketing but want to grow their business please let us know in the comments. I would love to hear your suggestions.

Related Pots: