Credit Score
Is The Starwood American Express card the best rewards Credit Card for Affiliate Marketers?
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Thanks for visiting!As an Affiliate Marketer, the kind of credit card that you use can make all the [...]
Ultimate Credit Ebook $1500 Cash Prize Giveaway
The Ultimate Credit Ebook is running a Febr
uary contest where every hundredth purchase of their ebook will payout $1500 to one lucky person. The contest runs till the end of February.
Talk about a win-win situation. Improve your Credit Score and get a chance to win some money while you’re at it.
Entry is only open to residents of the United States and you must have a paypal account to be eligible.
Full contest rules are available here.
Is a Bad Credit Score killing your chances as an Affiliate Marketer?
Affiliate Marketing, like any other money making venture online should be viewed and treated as a business - a lot of the same basic rules apply. Considering that the barriers to entry for online businesses are extremely low, it’s easy to just throw up a website or blog and hope for the best.
Affiliate marketing is a business, (a fun business once you get the hang of it) you should treat it as such. For the new affiliate marketer, you will need money (you can do without - but it will take you soooo much longer as you will have to get traffic organically which can take weeks or even months) to get those campaigns up and running asap and drive traffic to your sites.
One of the dirty little secrets of affiliate marketing is the huge expense it takes to discover a successful campaign. Top affiliate marketers will think nothing of spending at least $500 a day, and this is just to “test” the campaign. Once they’ve discovered which keywords convert well, it’s not uncommon to throw thousands at the campaign - and this is at least for a week. So that’s anywhere from $2500 - $5000 per week or two. Granted you don’t have to spend this much to get started (then again you might if you’re in a highly competitive niche, like insurance or mortgage refinancing), but you have to spend money to make money. No way around it.
Which brings the up the question of seed money. Just like almost a regular bricks and mortar business, you can either:
- Bootstrap
- Get money from friends, family or fools
- Sell your soul on eBay
- Get a loan
It’s my guess that you’ll be hard pressed to find money from anyone other than yourself. Your friends and family will call you the fool - because another dirty secret of affiliate marketing is nothing is guaranteed. You could have the sweetest landing page, a very high quality score from Google Adwords etc and still not make any sales for the first week or so. Then you might be running a campaign for a merchant that only pays quarterly etc - so getting a loan is out the window. Many an affiliate has gone in the negative, myself included when working on what might eventually turn out to be a successful campaign.
The only answer to your problem, in regards to seed money as an affiliate marketer is credit cards. You’re toast without a good one. If you have bad credit, you’re killing your chances at succeeding even before you get started and you will need to fix your credit. As you become better at affiliate marketing, you will eventually have multiple campaigns running, each with it’s own thousand dollar budget.
Many new affiliates fail because they simply do not have enough capital to keep a successful campaign running, or jump on a hot opportunity. Don’t let this happen to you.
Click here to receive a FREE mini-guide on how to add up to 50 points to your credit score under 31 days.
This post was brought to you by the Ultimate Credit eBook - Do you have A+ Credit?
