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6 Truths – The Paranoid Affiliate (11)

10-07-2015 12:05 PM #1 andy_d (Veteran Member)
6 Truths – The Paranoid Affiliate

Today, I’d like to shed some light on common issues faced within our industry, and share some strategies to mitigate these issues (where applicable) which I have learned through years of experience in this industry.

Trust is fickle, be careful and weary of who you work with and who you entrust, as ultimately, money is involved, humans are inherently greedy creatures and the morale in this industry isn’t particularly the highest *cough* diet pills, tech support, EWA, Martin Grunin.. #shotsfired

Truth #1

Assume all networks shave / scrub leads. Yes, it sucks, they also don’t tell the truth half the time when they say they’re taking the lowest margin possible (usually 10%). Affiliate managers lie. Networks lie. The issue here is, a trustworthy network, acts as a bank for the affiliate so running direct isn’t always the best idea if an advertiser isn’t well known to be trustworthy. If they are – then run direct and cut out the middleman. This has boosted my ROI a handful of times, and I’ve been lucky enough not to get burned by dealing direct.

Read More >> http://fitaffiliate.com/6-truths-paranoid-affiliate/

10-07-2015 12:39 PM #2 pronewbie (Member)

Thank you Andy. Great tips.

10-07-2015 07:16 PM #3 dazed1 (Member)

Nice post Andy

10-08-2015 05:58 PM #4 Stark (AMC Alumnus)

yo, Andy, thank you very much for the link to your site !

I found Cyclical Ketogenic diet there and for me it looks built very logically, so I'll definitely give it a try!

10-09-2015 08:18 AM #5 cbrughmans (Member)

Agree with all the points

When starting to work with a new partner either ask for a prepayment or credit/business references. And check their linkedin. The trusthworthyness of a company is directly linked to the number of employees they have. +10 employees is enough to be trustworthy. Also run a google check on them, check the big FB pages on affiliate marketing and look around on STM or with your contacts on skype what their experience is with company X,Y,Z

Also, as an affiliate I would recommend to always work with multiple networks, even on the same offers, in order to 1) spread your financial risk and 2) compare metrics about scrubbing/disapprovals, CTR, CR, margin, etc.

10-09-2015 10:03 AM #6 1jilliondollars (Member)

Thanks for the tips Andy, very insightful!

I was recently thinking of networking in order to find someone to work with but just thinking of all the stress and hassle of money going here and there and who opens accounts and who to deposit money etc.. not worth it.

20 years ago my dad was well-off, a millionaire in his industry when he worked alone. He made some deals with other companies and became a multimillionaire. 5 years later lost every penny , home, cars, yachts etc and until a few years ago he still owed around 60k!!!

Mastermind with others and work alone as much as you can! That's what I learned from that.

Thanks again!

Aris

10-09-2015 05:50 PM #7 andy_d (Veteran Member)

Quote Originally Posted by andycy View Post
yo, Andy, thank you very much for the link to your site !

I found Cyclical Ketogenic diet there and for me it looks built very logically, so I'll definitely give it a try!
You're welcome ! It works just stick to it for long enough

10-09-2015 05:52 PM #8 andy_d (Veteran Member)

Quote Originally Posted by 1jilliondollars View Post
Thanks for the tips Andy, very insightful!

I was recently thinking of networking in order to find someone to work with but just thinking of all the stress and hassle of money going here and there and who opens accounts and who to deposit money etc.. not worth it.

20 years ago my dad was well-off, a millionaire in his industry when he worked alone. He made some deals with other companies and became a multimillionaire. 5 years later lost every penny , home, cars, yachts etc and until a few years ago he still owed around 60k!!!

Mastermind with others and work alone as much as you can! That's what I learned from that.

Thanks again!

Aris
Damn dude how did he lose everything ?

That's bloody awful.

10-09-2015 05:53 PM #9 andy_d (Veteran Member)

Quote Originally Posted by cbrughmans View Post
Agree with all the points

When starting to work with a new partner either ask for a prepayment or credit/business references. And check their linkedin. The trusthworthyness of a company is directly linked to the number of employees they have. +10 employees is enough to be trustworthy. Also run a google check on them, check the big FB pages on affiliate marketing and look around on STM or with your contacts on skype what their experience is with company X,Y,Z

Also, as an affiliate I would recommend to always work with multiple networks, even on the same offers, in order to 1) spread your financial risk and 2) compare metrics about scrubbing/disapprovals, CTR, CR, margin, etc.
Great tips right there ^

Even then, companies that fit that criteria can still be shady in certain ways, such as traffic sources... Ripping and running internally.

10-12-2015 05:25 PM #10 ranazahid786 (Member)

It is great post .i have lost thousands $ in this industry even some affiliate networks did not pay my money .and some people asked for services and got my money and flown

10-13-2015 07:04 AM #11 1jilliondollars (Member)

Quote Originally Posted by andy_d View Post
Damn dude how did he lose everything ?

That's bloody awful.
Management was accused for fraud and what not. Anyway, shit happens and to be honest, it doesn't matter who you work with, everything is a risk. But taking risks is also what makes successful entrepreneurs.

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