Sup everyone,
This is a long one. Get the popcorn or just click back. Need some help.
First time poster here. My friend owns an affiliate network and is extremely successful. I work a boring office job and got a shot in the balls when I didn't get a bonus this year. I resolved to use all my free time to begin affiliate marketing, with the goal of creating a sizeable stream of supplemental income that will allow me to escape the corporate world sooner, if not entirely. This was a week ago, and I knew virtually nothing about these here interwebs.
Since then, I've gotten hostgator, installed Prosper202, bought 4 good .com domains, and experimented with some things. The first few days I started a website with the goal of getting Adsense money. I am at ~200 natural (free) visitors per day through facebook, twitter, and extremely poor SEO that I know nothing about. This is nice because it's free, but I couldn't see Adsense generating significant money without a ton of websites, which would takes lots of time to update constantly with new content.
I started leaning toward PPC after reading Nickycakes and the Treasure Trove on here. I have decent disposable income to experiment with. So I got Adwords/Adcenter vouchers and went to work.
These were both wasted quickly due to one or two term keywords, broad match, typical newbie mistakes. I now have Adwords set to very specific 3+ word keywords including "buy" or "purchase" and exact or phrase match. It gets triggered maybe once a day since search volume is so low, but that's probably a good thing since CPC is ridiculous (like $2+) and I haven't gotten a single conversion from Google.
Adcenter is paused because one of my landing pages had an exit popup, unbeknownst to me. Got it removed and just waiting for them to reactivate.
So Sunday night, I took my OWN money and set to work on Plenty of Fish. When I woke up, I had made $200 in profit on about $6 adspend. 30% conversion rate. Unreal. This was bizarre, since the offer I am focusing on is in another country, and it started converting in the wee hours of the morning. Strange. My conversions are worth $40-87 a pop. I kept the same strategy and when I woke up the following day, I had made about $150.
Now, I know nothing, especially about POF with its lack of keywords. I have no idea how to optimize POF. I can see what kind of people clicked through, from POF's own site, but can't see who's converting. How do you guys use Prosper with this? So I said to myself, I'll just keep the same strategy and triple my daily budget for more impressions. My goal was to "SCALE." I do not know how to correctly scale POF, or any network for that matter, but this was my bumbling idea of it.
So that was today, where I blew about $100, got 200 clicks to the landing page, ~120 clicks on the BUY NOW button, and NO CONVERSIONS (this is a enter your credit card and pay $2 for a free trial offer, not an email submit). What gives? Do people just hate buying stuff on Tuesdays?
I asked my friend who owns the aff network if this was like the stock market, with good days and bad, but with a sound strategy you come out on top in the long run. He said no, if you find a profitable campaign it should be profitable day in and day out until it dries up, which wouldn't just happen in 2 days. This confused the hell out of me. Is there some marketing phenomenon I'm unaware, due to the law of large numbers or something, that will cause people to convert on my offer at a certain percentage at a certain time every night? So. Confused.
I am resisting freaking out and changing stuff around, demographics and ads and all that. Just because I think it would be more beneficial to leave everything as is for a week so I can assess the different trends in conversion by day of the week unaffected by anything else. Is this correct thinking?
I am going to do this, and focus on POF. I'll leave Google on life support since it's too expensive to be profitable unless someone searches for [I NEED TO BUY (OFFER X) NOW]. Adcenter and Facebook can wait. I don't want to spread too thin.
Also I am paying the minimum 16 cents per 1000 impressions, and getting an average of .08% CTR. I have no idea if this is good or bad. What does increasing your bid even do? I get like 300k impressions per day at 16 cents....so wouldn't increasing bid just be a waste?
For anyone who made it this far, thank you so much, and I guarantee you your advice will not fall on wasted ears. I will make it in this business or die trying.
This is a long one. Get the popcorn or just click back. Need some help.
First time poster here. My friend owns an affiliate network and is extremely successful. I work a boring office job and got a shot in the balls when I didn't get a bonus this year. I resolved to use all my free time to begin affiliate marketing, with the goal of creating a sizeable stream of supplemental income that will allow me to escape the corporate world sooner, if not entirely. This was a week ago, and I knew virtually nothing about these here interwebs.
Since then, I've gotten hostgator, installed Prosper202, bought 4 good .com domains, and experimented with some things. The first few days I started a website with the goal of getting Adsense money. I am at ~200 natural (free) visitors per day through facebook, twitter, and extremely poor SEO that I know nothing about. This is nice because it's free, but I couldn't see Adsense generating significant money without a ton of websites, which would takes lots of time to update constantly with new content.
I started leaning toward PPC after reading Nickycakes and the Treasure Trove on here. I have decent disposable income to experiment with. So I got Adwords/Adcenter vouchers and went to work.
These were both wasted quickly due to one or two term keywords, broad match, typical newbie mistakes. I now have Adwords set to very specific 3+ word keywords including "buy" or "purchase" and exact or phrase match. It gets triggered maybe once a day since search volume is so low, but that's probably a good thing since CPC is ridiculous (like $2+) and I haven't gotten a single conversion from Google.
Adcenter is paused because one of my landing pages had an exit popup, unbeknownst to me. Got it removed and just waiting for them to reactivate.
So Sunday night, I took my OWN money and set to work on Plenty of Fish. When I woke up, I had made $200 in profit on about $6 adspend. 30% conversion rate. Unreal. This was bizarre, since the offer I am focusing on is in another country, and it started converting in the wee hours of the morning. Strange. My conversions are worth $40-87 a pop. I kept the same strategy and when I woke up the following day, I had made about $150.
Now, I know nothing, especially about POF with its lack of keywords. I have no idea how to optimize POF. I can see what kind of people clicked through, from POF's own site, but can't see who's converting. How do you guys use Prosper with this? So I said to myself, I'll just keep the same strategy and triple my daily budget for more impressions. My goal was to "SCALE." I do not know how to correctly scale POF, or any network for that matter, but this was my bumbling idea of it.
So that was today, where I blew about $100, got 200 clicks to the landing page, ~120 clicks on the BUY NOW button, and NO CONVERSIONS (this is a enter your credit card and pay $2 for a free trial offer, not an email submit). What gives? Do people just hate buying stuff on Tuesdays?
I asked my friend who owns the aff network if this was like the stock market, with good days and bad, but with a sound strategy you come out on top in the long run. He said no, if you find a profitable campaign it should be profitable day in and day out until it dries up, which wouldn't just happen in 2 days. This confused the hell out of me. Is there some marketing phenomenon I'm unaware, due to the law of large numbers or something, that will cause people to convert on my offer at a certain percentage at a certain time every night? So. Confused.
I am resisting freaking out and changing stuff around, demographics and ads and all that. Just because I think it would be more beneficial to leave everything as is for a week so I can assess the different trends in conversion by day of the week unaffected by anything else. Is this correct thinking?
I am going to do this, and focus on POF. I'll leave Google on life support since it's too expensive to be profitable unless someone searches for [I NEED TO BUY (OFFER X) NOW]. Adcenter and Facebook can wait. I don't want to spread too thin.
Also I am paying the minimum 16 cents per 1000 impressions, and getting an average of .08% CTR. I have no idea if this is good or bad. What does increasing your bid even do? I get like 300k impressions per day at 16 cents....so wouldn't increasing bid just be a waste?
For anyone who made it this far, thank you so much, and I guarantee you your advice will not fall on wasted ears. I will make it in this business or die trying.