A blog reader wrote to me last week
“Charles, what percentage of campaigns do newbies fail and what percentage do super affiliates fail?”
The question is solid, but lets take it to the next level.
What if we combined the failure rate with the expected value of each campaign?
Here’s a 15 minute audio on the top misconceptions about Super Affiliates.
I wanted to give you a behind the scenes look on what life’s like as a super affiliate. How much money do we make? Are all of our campaigns successful?
I feel understanding what life as a super affiliate is really like will help you set proper expectations and develop a strong mindset.
I was jumping on the couch when I hit my first $500 revenue a day back in March 2008. I’m a competitive guy, so I asked my affiliate manager what kind of numbers the top guys were doing.
He said, “The top guys generate $20,000+ a day in revenue.”
My newbie brain couldn’t comprehend how it was possible to hit those kinds of numbers when I was struggling to hit $500 a day. I thought, “Well, I just need 39 more of these campaigns to get there.”
The following is a guest post by affiliate marketer, IamAttila. He is a great addition to the affiliate blogging scene. You can find more of his writings at IamAttila.com
I often share a lot of tactical, hands-on knowledge you can implement immediately to improve your affiliate marketing. This time, I decided to spice things up and talk about stuff beyond the technical details. I’d like to share with you what I learned after hitting $1 million in revenue in May 2014.
Many people dream about big profits, but only 1% make it. This is a fact. I didn’t make it up (Google it! I dare ya!) Why only 1% manage to make it big? Well, I don’t know for sure… Some say it’s a lack of action. Others say it’s a lack of persistence. In my experience-based opinion, it has to do with a combination of things.
Most affiliates don’t really have much strategy when it comes to their affiliate marketing campaigns. Instead, they have a collection of little tricks that use to improve campaigns.
I wanted to write an example of how I’ve used a business concept and applied it to affiliate marketing. There aren’t any official books on affiliate marketing, but at the end of the day it’s still business.
A few years ago I read one of my favorite books called “Getting Everything You Can, Out of Everything You’ve Got” by Jay Abraham. You can think of Jay like your “guru’s favorite guru.”
I shared some insights last week on how a newbie should approach their first profitable campaign.
I then realized there’s not really much material on what to do after you start making money. Where should you be spending your money? Should you scale more or expand to different campaigns?
Each level of success brings its own challenges. An affiliate who’s making $1,000 a day has a different set of challenges compared to someone just starting out. And just because you made $1,000 in profit yesterday doesn’t mean you’ve made it.
A few months ago I received an email from a blog reader name John asking for help.
He knew from my reading list that I’m a fan of “learning hacks” because I recommended books such as The Art of Learning and The Talent Code. I don’t think you need 10,000 hours to be an an expert at a skill, and you can use different techniques to speed up the process. John wanted to know if there were any “learning hacks” for affiliate marketing.
This question is interesting because most emails I get are “hey I am a newbie, do you have any tips for me?”
The phrase “Super Affiliate” gets tossed around a lot in this industry. I’ve always hated it because I’ve associated it with low-level “gurus” trying to make a quick buck.
Over time, I’ve grown to accept it because the term came to mean the best affiliates in the industry – the top 1%. They are the people who know how to run profitable campaigns like the back of their hands and have the bank accounts to prove it.
I feel that the image of a super affiliate has changed over time. In 2009, it probably meant someone who was extremely flashy, young, and most likely arrogant. These days, it’s the complete opposite.
You have to know your numbers if you want to be successful in this business.
It surprises me when other affiliates don’t know exactly how much they’ve made each day or week.
To know your numbers, you have to record them manually. Why should you record your profits when you can see how much you make through trackers like Voluum.com?
It’s because Voluum.com’s data is not 100% accurate. The costs are based on estimates. Trackers are great for getting a quick overview and for analyzing data, but they shouldn’t be your only tool.
It takes a special kind of person to become skilled at affiliate marketing.
We’re not specialists. In order to succeed, we have to become experts in multiple areas. Almost all of us start off solo, and we’re forced to wear different hats. As an affiliate marketer, you have to create ads, manage your money, negotiate with people, manage your team, and solve one problem after another.
There’s a term in business called “T-Shaped” skills. It means to be an expert in a single field, while having a broad knowledge of several other disciplines.