Yo there, Maynzie here.
Just briefly wanna touch on a point, that when I try and tutor people the game of IM so many get stuck on, hopefully this can clear up some of that.
What I find, including myself when starting out are people are damn scared of losing money, even complaining about $3 losses on a $13 revenue campaign.
You are *NOT* actually losing money, but more, buying yourself an online education, just like with any other profession, you must learn first.
Now, before we move on lets take a look at a few of these numbers.
Now in Melbourne, Australia a civil engineer goes to uni for about 5 years.
Now the cost of the university degree to become qualified will cost about $60,000
Not to mention the cost of your time, involved into going to university as it is basically 4-5 days a week.
And when your out? You earn say $50k-$100k, but working 6 days a week and 10 hour days.
How about those exclusive surgeons and doctors?
Hmmm… 7-15 years of tertiary study at a whopping $100k-$400k? No thankyou.
Now onto IM.
I personally, have spent I believe not even $3000 in the past 15 months on an education, and yet am in a better situation then most professionals in the workforce, working double the hours for ‘the man’.
So the math.
Say 6-12 months of proper work will get you pretty far into the IM world.
You’ll probably end up making quite a large profit, with no loss over that year.
Years to come? $100k-$200k-$500k-$1m?
These other ‘elite’ professions would be dazed!
So now that I have cleared the air you may realise that ‘losing’ money in the beginning, is not losing, its an education and if your not going to do internet marketing, your probably going to do the same, 100 fold times worse doing a university degree!
So what you going to do now?
You will STOP reading blogs and forums all day, you will open your wallet and spend those dollars, buying the brighter future of the affiliate lifestyle.
Get in the Trenches and best of luck!
If you’re looking for further Affiliate Marketing Guidance, check out StackThatMoney. Best community of experienced marketers from around the globe, exclusive meetups, follow along’s, tutorials and the knowledge of a thousand sun-gods.
Can’t Decide on Tracking Software?
I’ve recently switched over to a new tracking platform called Thrive by the guys over at iPyxel which I love. It’s still in development, but is constantly improving and making strides, and the best part about it can be self-hosted. The offer a 30-day trial and it’s $99 a month thereafter which is well worth the investment.
Those on a smaller budget can still opt to go the CPVLab route, another favorite of mine but a little more outdated. It is, however, more suitable for PPV traffic if that’s your traffic of choice.
4 thoughts on “Number 1 Mistake New Affiliates Make.”
Great blog but the reason I got out was that I couldn’t imagine that many people continually wanting giant rebills on acai berry pills or teeth whitening strips. Sure people will always buy crap but I felt more like a crook than someone actually selling a worth while product.
Is that what you think performance marketing is? Yeah, if you try to find the get rich quick scheme by trying to scam people, you can always head that route. But the future of performance marketing isn’t built on that foundation. Not even close. The future is when Coke realizes they are not tracking their multi-billion dollar marketing budget and have no idea what their ROI is on their dollars. The future is when marketing budget become a cost of sale instead of a marketing department that makes ads that “look cool”. I shouldn’t have even waste my time saying this.
Man, this post is so lifechanging for me that I’m just having tears as I realized what I have to do. Getting the damn #### UP and start spending money!
Damn! That’s a realistic way to look at it! Thanks for the reality check..