6

Is Your Money Bucket Leaking

When it comes to making money online, or offline, it’s not how much you make that matters; it’s how much you keep.

Today, everyone is busy. Moving fast. For some, a typical day includes:

  • Posting social media.
  • Trying to keep up with the crazy 24-hour news cycle.
  • Trying to avoid clicking too many clickbait headlines
  • Struggling to keep up with email.
  • Worrying about how to .

And that does not even include your personal life!

Sound familiar?

There is no doubt that this level of busyness is bad for us. Psychologists have proven it and our societies show the wear.

But did you know that being too busy can have a dramatic negative impact on your budget?

It’s true! Trying to do too much, too fast, can be fatal to keeping a balanced budget.

Especially if you are new to trying to make money online and not following a proven plan you trust.

Here are seven areas where moving too fast can cost you serious money.

Broken Affiliate Links

I put this first because it’s the most damaging and I see it the most often.

Here’s how this problem develops.

You see a product you want to promote. You believe in the product (hopefully) and believe you can do well promoting it.

So you sign up for the affiliate program and get your link.

So far, so good.

Next, you choose a traffic source and get your ad copy ready, remembering to include your affiliate link in the copy.

Well done.

But; and here is the big problem, you do not TEST your affiliate link to make sure you are credited.

And that is when bad things happen.

If you want to stop losing affiliate commissions you should have received, always check your affiliate link BEFORE using it in an ad or anywhere else.

HINT: For most affiliate networks, like Clickbank and JV Zoo, you will be able to see your affiliate ID on the order page.

Having Links On Your Squeeze Page

This is a common mistake. One that can cost you thousands over time.

A , or , has one purpose only … to get the lead. That means getting a visitor to fill in the opt-in form and join your list.

Yet we see squeeze pages galore that have links offering the visitor the chance to click away.

These links most commonly point to …

  • A person’s blog.
  • A products page.
  • Social media accounts like Facebook or Twitter.
  • An About page.
  • A YouTube channel.
  • A sales letter for a different product!

All of these are mistakes that cost you money. Why is that true?

Because these links are a distraction. An excuse for the visitor to not fill in the opt-in form but instead check out what is happening on these other pages.

This is unscientific, but I would say that 99.9% of the time they simply will never come back to the squeeze page.

They are gone, lost to you forever and not going to join your list.

ACTION STEP: Review your squeeze pages today for links that might distract. If they are there, remove them.

If you feel the need to have disclaimer-type links on the page put them on the bottom of the page, not the top.

No Links Inside Your Lead Magnet

A lead magnet is a specific piece of content you give visitors in exchange for joining your list.

The most common type of content is still a PDF report. That makes sense as PDFs are easy to read, easy to create and can contain great content.

But a review of many PDFs shows that many of them do not contain links to the product being promoted or to the site of the person providing the lead magnet.

This is a mistake because the PDF is a part of the sales process just like a sales letter, order form or solo ad.

If you use PDFs as lead magnets, be sure to include the following links.

  • A link to the order form of the product being promoted.
  • A link to the sales letter of the product being promoted.
  • A link to YOUR blog.
  • A link to YOUR products page.
  • A link to other squeeze pages you offer.
  • A link to testimonials for the product being promoted.

While you don’t want to overwhelm your report with links, you do want to make sales.

And that means having a page where the links are super-obvious (I like using the second page) and linking in the text as well.

No Links In Personal Emails

How many emails a day do you send? For many people that number is 20 or more.

We don’t often stop to think about it, but 20 emails a day is over 7000 emails a year!

And while you don’t really want to invite your Mom to join your mailing list, there are people who will read your email who will join your list.

What if only 10% of the emails you sent resulted in a new subscriber?

That would mean over 700 people on YOUR mailing list for no cost and almost no effort.

ACTION STEP: Write a signaturefor your email that reads something like this. “The most exciting discovery I ever made on line is at this link” click here.

Now put your affiliate link in there (hopefully, for a product you love) and watch what happens over time.

No Ads Inside Your Blog Posts

One of the most wasted pieces of real estate online is the area INSIDE a blog post.

The great thing about blogging is that you can post articles that help people. But did you know YOU can be helped too?

Just put a small ad for a product appropriate to the blog post in the MIDDLE of the post.

It’s sort of like ads on the radio. No one stops listening to their favorite talk radio show because of an ad. It’s just expected.

So find the right spot in your post and put a small ad.

ACTION STEP: The best choice for this is a 300X200 pixel banner ad. It catches the eye without overwhelming the words.

You may be thinking “Hey Charlie, why is there no ad in THIS blog post?”

It’s because I’m working remotely today and writing in ByWord and then publishing without accessing my blog.

But it’s coming!

** Paying For Multiple Services That Do The Same Thing

I once met a well-meaning man who had five  accounts.

No judgment here, I have made the same mistake.

  • You see that a person you admire is using so you use them too.
  • Then you sign up with someone like JVZoo who is pushing GetRepsonse so you get that.
  • Then you see that owns and think that’s the way to go!

Paying for multiple autoresponders is more than a waste of money. It will hurt your marketing too.

It is almost impossible to properly coordinate multiple autoresponders so that you are in control of what goes out to who and when it goes.

Even worse, you will never know your real marketing statistics unless you take the time to compile open and click rates from each autoresponder so you can compare them.

That is too much work!

ACTION STEP: If you have more than one autoresponder account take some time to choose the one you like best. Then begin moving your lists to the one you chose. It will take time but be worth the effort.

Not Using What You Buy

We finish with what might well be the Grandaddy of all money wasters … not using the things you buy.

If you have ever heard yourself say “I can always get a refund” I can practically guarantee you have made this mistake.

Please know that I am not throwing stones. At one point I owned over 600 domain names. FOR FOUR YEARS!

They just all sounded SO good. I knew I would use them someday.

I cringe to think of the waste.

Happily, this one is easy to fix. In fact, how to fix it is in the action step!

ACTION STEP: Never buy anything until you have a plan on how you will use it and until you have scheduled the time to use it in your calendar.

Sounds radical, right? But it works.

Take time today to examine yourself in these seven areas. While this is not a “how to sell more” article, it just might add more to your bottom line than you think.

Remember this – it’s not how much you make that matters, its how ‘much you keep.

And keeping more is a beautiful thing indeed!

Charlie Page
 

Happily married for 43 years, Charlie is the dad to two wonderful daughters. He is the author of 12 books on Internet marketing and creator of over 15 membership sites. You can see all Charlie offers using this link Click Here

Click Here to Leave a Comment Below 6 comments
Willie Crawford

Nice blog post Charlie, and it points out a few things that I need
to fix 🙂

Thanks.

Reply
    Charlie Page

    We all develop leaks over time. It’s a good thing to be reminded. Researching this pointed out some holes in my own system!

    You and I have both been online for a long time. One challenge for me is that I have left some broken pieces of marketing behind – squeeze pages I don’t need, things like that.

    Do you have that problem too? If yes, how do you solve it?

    I’m working on that in my own business now; trying to tighten everything up. For example, we are moving all of our membership sites under one roof so members have only one login. That has been popular.

    Thanks,

    Charlie

    Reply
Kathleen Collier

As usual, brilliant advice…thank you Charlie.

Sincerely

Kay

Reply
William Berry

A Very Good article Charlie! I have been reading a few of your articles as I get them and this one hit home as I have been doing some of these things myself! The url I posted above is one that was set up for me for free!
I’m 61, a US Army veteran on disability with one check a month less than $1100.00 and that is why I’m trying to get something going online and why I haven’t been able to get some of your training! I can not afford it!

But, I do have one question (and I have asked others), with no direct answer for the question! Let’s say I have everything ready, my website and or blog set up, all kinds of affiliate links ready along with ads etc., etc. Now I have my Aweber ready to send out my confirmation emails and my sign-up forms, etc. But, one problem. I can not have my emails go out if I HAVE NO LIST WHATSOEVER to send to!

I have tried the Social portion, I even have a Fanpage/business page on Facebook, I have even used money off a credit card that I really did not have but, used it to buy solo ads! Supposedly all the ads went out and were reported successful but, I did not see anything happen! NO LIST AGAIN!

SO, where and how do I start that/a list to start sending out all my stuff (once I’m ready), where do I get them from? Where do they come from. I can’t just start sending out emails to people I do not even know, that would be spamming! Also, I do not email people. I might reply to an email I get and it has links in my signature and under my signature but, I do not just up an email people. Most of the people I know/family/friends, I don’t email them because they could care less that I’m trying to do something online! They tell me congrats and good luck with that stuff but, they are not interested. I have no one else to email to. the emails I do have in my contact emails are the ones that sent me an email in the first place(like you are whitelisted), but, it is no sense in emailing to those emails because they sent me emails to check out there products and already are known on the IM circuit. So they sure would not click my links since most of them I would trying to promote their products to start with!

So I’m lost in the aspect of where and how I even start a list without spamming!

Thanks a lot for listening and I will be looking out for another article from you!

Sorry for such a long reply! Here is my email signature:

Best regards,

William Berry

Reply
    Charlie Page

    William,

    Thank you for your message. I can understand where it is becoming confusing.

    In the beginning, when you do not have a list of your own, you have only two choices.

    1. Buy an ad from someone who does have a list. That is what ezine advertising is all about. The publisher has the list. You pay them to send your ad to their list.
    2. Build your list from traffic you buy or earn. In this scenario, you have a lead capture page (squeeze page) and drive traffic to that page, the goal being to get people on your list. Once they are on your list, you can develop a relationship with them, help them, and offer them helpful products.

    Your instinct is right … never ever spam anyone.

    Thanks,

    Charlie

    Reply

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