Common Myths About Affiliate Marketing that You Need to Stop Believing In
Affiliate marketing has become quite popular in this day and age and we have the technology and the internet to thank for that. Because of its popularity, many people believe some myths regarding the topic.
From affiliate marketing strategies to quick money schemes through affiliate marketing, there are just some things that you need to stop believing in.
Here are some common myths:
It is Easy to Manage
Probably, one of the most longstanding myths out there, a lot of people believe that managing affiliate systems are quick and easy. That is why some can attest that it is pretty much easy to earn money. You can earn some profits using this medium, but saying that it is quite easy to manage everything is just outright false.
You see, for you to become better in this industry, you need to put in the work and have a lot of patience to see your growth and earning potential rise up.
According to Three Ladders Marketing, there are only a measly 0.6% of affiliate marketers who have been quite successful in the industry since 2013. Just imagine that!
Now, this is not to discourage you or anything, but this is an eye-opener in the sense that affiliate marketing is for people who are willing to put the work in.
It is Important to Work in a Popular Niche to Earn Money
The goal of affiliate marketing is to help promote and market the products and services that are offered by the online merchants that are partnered with the marketers.
That being said, a lot of people believe in the notion that you can never succeed in this industry, especially if you are in a niche that no one really cares about.
While it is true that there are some industries where the money is always guaranteed, but this is not to say that you shouldn’t try it out for yourself.
You are still going to earn money and yes, you are still going to gain a lot of traction just by trying affiliate marketing out for yourself.
It is No Longer Useful
This is a myth that is just really far from the truth. A lot of people believe that affiliate marketing is quite old and ancient in modern times that it really doesn’t provide any value to any business anymore. Again, that is just false.
This myth started when Google changed its SEO algorithm in a way that doesn’t take into account the affiliate marketing strategies of yesterday.
Although that is true to some extent, SEO can still be utilized in a way to help drive more traffic (and therefore, increase the potential prospects). You just have to have a new approach.
Success in This Industry Requires You to Get as Many Products on as Many Websites as Possible
Many people seem to think that in order for you to succeed in affiliate marketing, you have to think about quantity over quality. That is just not the case.
Take, for example, Clickbank. It is one of the largest affiliate networks out there and it has over 30,000 affiliates in its system. Even though they have affiliates by the thousands, only 25% of them can truly generate traffic that converts.
In addition, SEO drives more traffic to websites than social media, which means that at the end of the day, content is still king.