Hey Guys,
Hope you’re well today. I’ve been in affiliate marketing for a short time and really loving it!
When I first started affiliate marketing I had reservations about starting my first campaign because it would be me investing the money to reap the benefits. So, for 2 months (when I started) I only would do analysis and see if I could find a correlation between a good deal and sites.
Many of us start campaigns and lose money… I’m wondering, is there a research method that you practice to minimise your ROI losses? This is aside from testing the product through ads.
It would be great to hear form you.
Masimas
Honestly the only research I do is researching the campaign/demographics to think up angles. Even still, if I think of some off the wall angle/ad without precedent, I'll run it.
Just lose money man, fastest way to figure out how to make money. Just be smart about testing and optimizing, that's the only way I see to reduce ROI losses. Have a purpose for every test, so that way you're paying for data, not losing money.
It's a bad mindset to be afraid of losing money. Lose $1000 now...make $1000/day later with the data you paid for. Fuck it, lose $10k your first year of aff marketing, make $100k your second year, eventually your losses won't matter.
EDIT: Going deeper----you know how everyone always touts sticking with one vertical/traffic source until you make it your bitch? Well, that's probably the ultimate way to reduce losses. You might fail a shitload of campaigns in one vertical/traffic, but each time you are gaining valuable knowledge/winning creatives/angles/landing pages/demographic info/etc. to be used in the next campaign, thereby reducing your testing losses over time and with each new campaign.