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Is Lack Of Money Excuse To Not Do Affiliate Marketing?

Discussion in 'General Entrepreneur Discussion' started by alan3wilson, Jul 14, 2017.

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  1. alan3wilson
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    alan3wilson Contributor Read Millionaire Fastlane

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    Do you think is a lack of money an excuse guys to not do affiliate marketing?

    because I've lost money and now I don't have much money left.

    With how much money did you start affiliate marketing ?
     
  2. Waspy
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    Waspy Float like a butterfly Read Millionaire Fastlane FASTLANE INSIDER Speedway Pass

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    There are a lot of reasons not to do Affilate marketing, you don't even need an excuse.
     
  3. alan3wilson
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    alan3wilson Contributor Read Millionaire Fastlane

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    why ? isn't that great? I know some people who are making good money with that.
    Also I think affiliate marketing works better than network marketing (no control)
     
  4. Almantas
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    Almantas Nothing to Lose Read Millionaire Fastlane I've Read UNSCRIPTED FASTLANE INSIDER Speedway Pass

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    Whatever path you decide to follow...

    DON'T BUILD LINKS - BUILD RELATIONSHIPS!

    *Drops the Mic*
     
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    TheDillon__ Bronze Contributor Read Millionaire Fastlane Speedway Pass

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    Anything that keeps you from taking action is an excuse. (I'm 100% sure I'm going to eat those words later.)

    Affiliate marketing may not work for most, but hell, if you're dead set on making it happen, there's a chance you can make money off of it.

    If you don't have money, and you want to start your business, and you need money to do that, then go make some money.

    I don't want to wake up every morning and sell soap - but soap is putting savings aside into rebuilding my credit and building up a warchest of money for ad spend. Find a job that pays the bills, buy less coffee, pack your lunch, and save your money until you're ready to launch again.
     
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    In most cases Affiliate marketing fails on lack of control. You spend time and money building a profitable campaign only to have the product pulled, capped, or the payout reduced days, weeks later. This is a very good reason to put your efforts in elsewhere.

    That being said there are exceptions. Extremely good Affiliate marketeers can write their own ticket; they are so good at what they do they get approached for private gigs or organise their own direct deals with companies. This way they don't share revenue with affiliate houses and have little to no competition plus there are no nasty surprises looming on the horizon. However they are a rare beast and they have put a lot of time, money and effort into building their business.

    If you are new to AM then you need to learn and the only way to do that is to invest money finding out what works and what doesn't. That can cost you easily between $1000 to $5000 with no guarantee of success. You have to fund one unsuccessful campaign after another continually honing your skills until you build up the knowledge, contacts and get a feel for what works and what doesn't.

    So the bottom line is unless you have at least a couple of thousand dollars you are happy to 'invest' in learning AM then leave well alone.
     
  7. Raoul Duke
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    Raoul Duke The Horrendous Space Kablooie Read Millionaire Fastlane I've Read UNSCRIPTED FASTLANE INSIDER Speedway Pass

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    In all likely-hood, you did not read The Millionaire Fastlane. Please, have your badge removed. Ty!
     
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    ddzc Gold Contributor FASTLANE INSIDER Speedway Pass

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    The book has all of the answers in depth on why affiliate marketing isn't the greatest strategy. I thought you read it?
     
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    mrarcher Silver Contributor Read Millionaire Fastlane Speedway Pass

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    $20 for hosting is what started me off. Build up slow. Affiliate marketing may not have control and has many other flaws but you learn how to market to an audience on less than it would cost to make a product. You'll make some money and it might even help you find or create a product in the same niche. The beauty is you already have a captive audience if you decide to launch something.
     
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    MoreVolume Bronze Contributor Speedway Pass

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    most people get into affiliate marketing BECAUSE of a lack of money lol
     
    Last edited: Jul 16, 2017
  11. Paul Thomas
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    Really depends on what route you're going.

    If you're going the slow SEO route (nothing wrong with it), you can start with almost no money.

    If you're going high volume, "intense" paid traffic affiliate marketing, lack of money is definitely an excuse to not do it.
     
  12. Sean Kaye
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    Sean Kaye Hopium Dealer Read Millionaire Fastlane I've Read UNSCRIPTED FASTLANE INSIDER Speedway Pass

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    Affiliate revenue should be a secondary ancillary income source. Purely opportunistic.

    I will occasionally promote tools and services that I use which I think are unique OR are doing some kind of crazy special deal.

    I've been down the hardcore affiliate marketing path and have had gurus driving Lambos and Ferraris walk away owing me tens of thousands of dollars - they exposed my income to their BS lifestyle. Once you learn that lesson the hard way, you change the way you think pretty quickly.
     
  13. Andy Black
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    Andy Black Any colour, as long as it's red. Staff Member Read Millionaire Fastlane FASTLANE INSIDER Speedway Pass LEGENDARY CONTRIBUTOR

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    If you're going to generate leads for someone, why don't you go direct to the end businesses?

    Something I posted in @IceCreamKid 's astonishing secret thread:

    ...

    I went down the route of learning to drive "traffic" by providing lead generation as a service to business owners.

    I dabbled with affiliate marketing years ago for exactly the reason you mention, but much prefer the freelancer/agency route. Here's why:

    1) I'm building direct relationships with business owners - rather than with affiliate networks.

    2) I get to find out what is and isn't working direct from the business owner's mouth.

    3) I spend a lot of time talking to, selling to, and brainstorming with business owners. These are the type of people I like to surround myself with. No need for paid "mentors" either.

    4) I manage *their* ad spend. I'm not buying the visitors with my own ad spend.

    5) I get paid a flat monthly fee even if the campaigns aren't profitable. (Obviously this can only last long before the business will cut the chord.)

    6) I'm likely the only person running campaigns in particular channels for each business owner. They might have other freelancers working on other channels, but that's a chance to collaborate and learn from them - rather than compete with other affiliates in the same channel for the same client.

    7) If I get positive ROI for the business owner, then they often want more services.

    8) There's a lot material out there to help freelancers move to outsourcing and then productised services and then platforms. (i.e. there's well documented paths out of the time for money freelance stage.)

    9) You learn to sell directly to business owners. And it can be a tough sell since so many spammers have shut the doors for you. This is a good thing.

    Just thought I'd throw that in there since so many people immediately discount freelancing or agency work as it's so obviously tied to your time.

    ...

    People try to go the low-friction route. I prefer the high-friction route of actually talking to people. I learn more.

    Ultimately, the market pays me to build solutions that solve their problems. That's pretty sweet.
     
  14. alan3wilson
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    alan3wilson Contributor Read Millionaire Fastlane

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    Thanks for reply. You say the gurus, but John Crestani for example is a real affiliate marketer and he doesn't seem a BS marketer.

    The only problem is people like him is that those people who tell to have much experience in affiliate marketing then they want to sell you a course wich cost 5k$ or more lol
     
  15. alan3wilson
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    alan3wilson Contributor Read Millionaire Fastlane

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    Thanks. I'm actually learning coding too, so I could offers to local business web design + lead generation right ?
     
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    I have no idea what you're talking about.

    I said that I have personally done affiliate promotions for big named gurus who have left me unpaid amounts of money up into tens of thousands.

    No idea who John Crestani is and pretty much don't care - he hasn't stiffed me on an affiliate payment.
     
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    Christopher777 Bronze Contributor Read Millionaire Fastlane I've Read UNSCRIPTED Speedway Pass

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    Whatever it is, an excuse is an excuse.

    You either go for it or not.
     
  18. biophase
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    biophase Legendary Contributor I've Read UNSCRIPTED FASTLANE INSIDER Speedway Pass LEGENDARY CONTRIBUTOR Summit Attendee

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    Is that what you mean about having no money? You have no money to buy his course? or no money to do affiliate marketing?
     
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    ZCP Platinum Contributor Read Millionaire Fastlane FASTLANE INSIDER Speedway Pass

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    Search for the Hustle Threads to build your capital. Then put some money into AM if you want. Put some money into other things too. Learn. Repeat. Grow.
     
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    Iammelissamoore Silver Contributor Read Millionaire Fastlane I've Read UNSCRIPTED Speedway Pass

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    I'm seeing that you have a "Read The Millionaire Fastlane" badge - did you really read it? There's a whole chapter on the many reasons why/why not. Unless of course, you are asking about affiliate marketing in the sense that you own a business and will be using affiliate marketing to expand your business by hiring affiliates to push your product/service/software/idea/business??? If that is the concept you're looking at, then cool.
     
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