First, an update on the Affiliate Marketing Challenge. I’d like to encourage everyone who hasn’t entered yet and is eligible (hasn’t signed up to MarketLeverage) to sign-up. There is an 8GB iPod Touch, Mino Flip Video Camera, $200 Market Leverage Rewards Amex Card, and a 2.0GB USB Pen up for grabs, and so far competition has been pretty minimal so you stand a good chance of winning something.
In fact, you currently only need to make $0.01 in order to take fourth place since there are only 3 participants who have generated any sales yet. Remember, first place gets an 8GB iPod Touch and second gets a video camera — not too shabby for generating only a few bucks in commissions!
Participant CD8065 secures his position on top with a current $21 in sales, while CD8036 remains close on his heels with $21. Taking up the rear is CD8021 with only $1.60, but since he currently has no competition breathing down his neck, he has nothing to fear and could simply ride his way to a free $200 cash from MarketLeverage having only generated $1.60 in commission!
It’s not too late to enter: in fact, the contest doesn’t end until July 11th so you still have plenty of time to participate. Full competition details of the Affiliate Marketing Challenge can be found here.
Busy as Heck
My God, I’ve been busy. I think I worked close to 60 hours this week. For some reason, affiliate marketing takes so much time. I’m sure a lot of it is because I’m a complete newbie and so there is so much to learn.
I’ve been finding it really difficult to juggle PPC affiliate marketing, my blog, and my other 20+ websites. I went from finding it hard to get myself to work 4+ hours per day to finding it hard to pry myself away from the computer to eat.
I’ve also been having a lot of difficulties sleeping. I get so excited with constantly checking my stats and working on my campaigns that I keep myself up at night or wake up unexpectedly early. I know that checking your stats constantly is not a good thing, but I know that this will wear off eventually. It’s just that, when you’re starting out, making just one lead or sale can completely turn your day around.
Here are my latest stats, as of yesterday:
You’ll notice that I got back into the red the past two days. I didn’t change too much with my actual campaign in regards to keywords/landing pages other than resuming a previous offer that was performing really bad for about a day to see if it might turn around (grab more sample data), but it still failed to bring in a single lead/sale so I paused it again.
I also started using Yahoo Search Marketing, but unfortunately it has not brought in a single sale or lead either… yet.
I’ve generated $257.25 in commissions and spent $552.27 so far, currently leaving me down $295.02. But I’m very optimistic. I haven’t really done any work on the campaign for a couple days, and there is a LOT of optimizing and testing to do. Also, while my current overall ROI is -53.42%, it’s still an improvement over the -78.21% from last year. It’s also an improvement from 2 days ago when it was at -57.12%. An increase in 4% ROI is nothing to scoff at.
Wish me luck on improving it – I’ll be sure to let you know how it goes soon.