What causes people to fail in AM? (15)
What would you say the top three factors that cause people to fail in AM when they try it out?
Giving up too soon?
Not focused on one thing?
Lack of a proper bankroll?
Giving up too soon for sure yeah. Being scared to fail. Not trying enough, being lazy. Jumping from one project to a completely different one anytime they heard someone banked doing this or this.
I think it depends on what kind of person you are, but here are a few that I've seen over and over again.
1. Having a bad mindset, being scared to fail. People in this scenario will read everything under the sun. Spend days creating the "perfect" landing page. Days collecting images for the "perfect" ads. Building scripts for who knows what process. Overall spending weeks setting up a campaign before they spend their first cent.
2. No focus. There are some people that have been doing AM for a few weeks, they say they have tried everything. 6 traffic sources, 6 niches. They will never learn from their data that way, it's a good way of throwing money away.
3. Taking your foot off the accelerator. Some people take off to a flying start after working hard at it. They get a few winning campaigns. Then think they have made it. They spend their money with excitement. They let their campaigns run their course without working on anything new. Before they know it they are out of pocket, they have lost touch of what works, and their mental state is not in a good place.
Originally Posted by nebuer
Spend your time on "making" it - not thinking about failure.
Originally Posted by cyberdelicstudio
From my personal experience, I think lack of focus. I've been tempted to move away from what I'm doing but thankfully have had great support in the right times that have kept me from loosing it.
From my own experience, although I am no where close to "making it," I would say lack of focus. I tend to get engulfed with the success stories and jump from what I am doing to what the success story is doing and tend to follow them. My focus for the next couple months is going to be AM and pressing the petal to the metal.
for me personally,
lack of funds (I'm well under the $5k initial investment)
other commitments (day job)
1. Lack of focus
Pick one thing to focus on and do it until you master it.
2. Not managing cash flow
This is a big one. Know where your money is being spent and how soon it will run out. Ask for faster payments!
3. Failure to Set Goals
Set a goal of where you want to be at a certain time/date and work towards that. (Helps you focus too!)
I came from an online poker background, so the downswings were inevitable, so when I was fishing for data and I was losing about 300$ a day (when i started) even though it was VERY hard to cope with, I already had been through similar things in poker, i bet most people just coming into this would just give up right there and then... So the mindset that you might lose money has to be engraved in you, as long as you know that you're losing money for a reason(data mining) or you know how to fix it (banner burn outs, offer burn out etc...)
For me it's in this order :
1 - Lack of "stubbornness" ( determination ). The people that don't give up will make it eventually.
2 - Enough cash to get started or having a family to maintain.
3 - People not treating it as a business but look it as a side hobby.
^^^^^this
I'm guilty of the side hobby
Damn what a sick thread, brilliant summaries.
There has been some great advice dropping here lately on becoming successful as an affiliate, one of the best things I ever did was treat this like a job, structure and constant work. If you start making profit, its not time to put the brakes on and just refresh stats all day, that will kill your motivation and work ethic, when you're making money is the best time to make even more money and get rid of the motivational blues when that campaign dies.
Keep up steady progress, be accountable for your work, thats why follow alongs have been so great on this forum people feel answerable to other people helping them along keeps the work coming along and the path to success itching closer
Goals are really good too, but having a REASON for your goal is when you really get motivated not to fail.
Buying your family a dream home, sister a car so she doesnt have to bus 1hour each way to work, or your own ferarri. Whatever makes you sweat and work hard, that reason keeps you HUNGRY to not fail OR continuously succeed!
I've seen so many people crash and burn the past few years
- Overspending.
That recent thread where some affiliates want to get a $10k a month apartment is an example. Just because you're making $5k a month doesn't mean you're going to be able to make that much or increase it a year later. Live below your means and keep $ saved up in case things go sour.
It's retarded the amount of affiliates that went broke trying to portray a baller image just to impress other nerds on Facebook. Some serious small dick syndrome
- Not developing skills
Making money doesn't always translate to having skills. Being skilled means having a good grasp of the fundamentals of affiliate marketing.
Take a guy I know for example. He was doing $10k profit a day off of Facebook rebills. His ads were copied through spy tools, and his landing pages were copied from competitors. Good money for sure. However his accounts got banned and he couldn't get access to anymore.
He entered niches like adult dating since it was "hot", but he never developed the proper skill sets of split testing. The problem is he made money too easy and too much of it. He's so use to $10k a day campaigns that he feels running $500 a day campaigns are beneath him, even though they would help develop his skills.
We all get lucky here and the with campaigns, but it's important to take advantage of that luck. Use that $10k a day to launch new campaigns and keep learning.
Obviously there's a ton more but these two reasons immediately popped into my head.
Seriously good advice all around here.
I'd 100% agree with Stackman: it's much, much easier to learn to make money when you know why you're making it, and that reason aligns with your core beliefs about what you want to do, should be doing, etc. It doesn't matter if the reason seems noble or petty, big or small - it's whether it motivates you that's important.
That's been my experience, anyway - once I knew exactly why and for what I wanted to make money, actually being determined enough to make it became a lot easier.
There are some good tools out there to help figure out what your core motivation is: Tim Ferriss' "dreamlining" process is really good, and David Allan's "Getting Things Done" has a good overview of making sure you're heading in the right direction.
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