Although this system for making tons of money online has been labeled as easy, this doesn’t mean that it will be all smooth sailing. Like any human endeavour, especially if it is being done for the first time, problems may crop up with your niche marketing during the implementation phase. Here we anticipate ten of them.
1. You may not find a good affiliate product to promote
With the list of 25 niches, you can choose the perfect one for you. But how do you know which products within the niche will make you profit, which will just make you break even and which will bring a loss?
Of course, at ClickBank you can click on the Gravity score (written Grav) metrics which will rank the products. Those at the top have the highest gravity. They are the best-selling products. But does this figure tell it all?
Not always.
Often the best way to know if a product will sell is to study the product and the sales pages. But then this could be like reading the stars for a non-initiate while an experience marketer will know what to look for. But this should not be a snag to promoting niche products. Just go with your gut and trust your stars and learn all you can.
2. You may not have the right bait
I live in the part of the world where rats are a nuisance. Sometimes you will set up a trap and wonder why those rodents are avoiding it. But then look for a good bait and before you know, you have a rat less in your house.
This is also true in list building. If your prospects don’t find your gift up to the solutions they are looking for online, of course there is no way they would exchange their details for it.
A solution to this problem would be to get someone to write a report for you or for you to buy one online.
3. You may not be able to create good content
Building an email list to make money online heavily depends on your ability to create top quality content. That is why content is the biggest hurdle when you decide to make money with list building.
You need good posts on your website to attract traffic. You need authoritative and informative reports and email newsletters to give away for free so that your subscribers will reward you with their trust and purchase the products you promote.
A lot of experience, time and research are necessary to create such quality content (emails) and a lot of care, money and research are needed to get a top-notch writer to create it for you.
Know that low-quality content will put a stop to your attempt at list-building. If it doesn’t discourage your prospects from signing up for your newsletter, it will let them stop opening your emails, or unsubscribe from your list, or report you as “spam” and get your entire list deleted.
4. You may not be able to sell the products you promote
Selling by this system is a question of walking the tight rope between pushing a product too hard (in which case your subscribers will get angry at being “spammed” and unsubscribe from your list) and pushing it too softly (where your correspondents will continue to love you, but would not feel the need to buy anything from you).
To steer a middle course is the only way to avoid these problems with list building and ultimately failure in this field.
5. You may not have the right technical skills
One of the problems of list building is that getting your money-making machine into place demands some technical dexterity.
Setting up your website, registering your domain name, connecting your domain with your hosting, customizing WordPress, adding content to your site, setting up your autoresponder…any of these can be intimidating.
Of course, a solution could be to outsource these tasks but that becomes a problem if you are just starting out and have not that much money to invest.
6. You may not be able to embed your signup form, and at the right place
Unless you are taught to do it, embedding your signup form into your website may be a daunting task. Besides, the form may not work satisfactorily where you have placed it.
A Google search may offer you the right solutions.
7. You may not find it easy to make your site, etc. look professional and trustworthy
The first thing a visitor you will convert into a subscriber sees about your money-making-making is your website. Note that you will not have the opportunity to correct a bad impression, so it is in your interest to make your “first impressions” on your website the best.
Another way to kill signups to your list is your newsletter. Nobody will sign up for it if your newsletter looks amateur.
So if you lack the skills to design a header for your website or to create an enticing eBook cover, graphics and styling, there is no choice but to hire someone to do it for you.
8. You may not be able to drive traffic to your site
No traffic no online business. Period. So mastering free and paid methods of getting people to your website is key to getting subscribers for your list.
If you cannot do it yourself, the only alternative is to buy traffic.
9. You may not be able to maintain your enthusiasm
Finding out which affiliate product to promote to your list and how to sell it to them, figuring out which report to use to get people to subscribe to your list, clearing all the technical hurdles in the system, creating quality content, etc., could kill your enthusiasm.
10. You may not have the money to scale up your campaign
When your campaign is working fine and bringing in some money, you need to reinvest this back into the business. In the beginning you may not be earning big sums. And if you don’t have the means yourself to scale up your campaign, this means your progression could be slow.
All said and done
These difficulties you may encounter in building and running your money-making machine could be daunting. But you can keep yourself motivated if you keep in mind these benefits of list building.
You are laying the foundation for a great future, a future in which you are your own boss, a future in which you can work when, how and wherever you want: home, office, or abroad.
Don’t forget also that you are building yourself a personal ATM. For whenever there is a big promotion, all you have to do is send an email out to the list concerned, and the commissions come tumbling out.
Above all, you’re building a website that you can easily sell for a staggering sum if you felt like it.
I hope you have enjoyed this post on the 10 problems to in niche marketing when using the 5-step formula to earn big money online. However, if you have any comments to make, please don’t hesitate to go to the box below and leave your feelings there. I will get back to you the soonest.
Akoli
Your personal guide to securing your future online