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My $3,500 Mistake...

Discussion in 'Affiliate Programs' started by Volknet, Jul 11, 2008.

  1. #1
    I know there are often threads to encourage users by posting record earnings... Heck, I have even posted a few in the past.

    Today however, I want to talk about the downside of affiliate marketing... Mainly the downside of affiliate marketing when you are tired.

    Basically, last night I accidentally set an adgroup bid to $45.00 instead of $0.45... This campaign has a budget of $7000...

    So anywho... Let's just say that while my conversions were amazing because my ad position was 1.1, I lost around $3500. Yea...

    Anywho. That's the downside to affiliate marketing. :D

    I also blogged it for anyone who cares: http://www.jonathanvolk.com/affiliate-marketing/my-3500-mistake.html

    Feel free to donate to my paypal... LOL jk...
     
    Volknet, Jul 11, 2008 IP
    1 person likes this.
  2. PixelHut

    PixelHut Active Member Affiliate Manager

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    #2
    I guess this is the last time you will make this mistake:D. You lose some, you get some. You will make up this loses soon. More luck next time.
     
    PixelHut, Jul 11, 2008 IP
  3. Lemon116

    Lemon116 Active Member

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    #3
    Thats one hell of a campaign for a daily 7k.
    Thats why you have to recheck every campaign, specially the huge ones...lol

    Great blog, great read- thanks!
     
    Lemon116, Jul 11, 2008 IP
  4. brandon272

    brandon272 Peon

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    #4
    That's painful!
     
    brandon272, Jul 11, 2008 IP
  5. Pinup Girl

    Pinup Girl Notable Member

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    #5
    actually,YOU should feel free to donate to our paypal lol :p
     
    Pinup Girl, Jul 11, 2008 IP
  6. desilator

    desilator Peon

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    #6
    Ahh sorry to hear about the mistake.. but im sure you can turn that around rather quickly.
     
    desilator, Jul 11, 2008 IP
  7. AffilateRook1

    AffilateRook1 Peon

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    #7
    You think its worth it(ie do you really get more conversions having that high of a campaign?)
     
    AffilateRook1, Jul 11, 2008 IP
  8. BusinessMinded08

    BusinessMinded08 Peon

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    #8
    Damn... imagine the AdSense accounts that converted that huge thing. At least you can be sure that nobody takes the first position from you :eek:
     
    BusinessMinded08, Jul 11, 2008 IP
  9. Ripped

    Ripped Well-Known Member

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    #9
    I did the same mistake with Msn Adcenter,
    I set the bid to 15 instead of 0.15,
    I set a daily budget to around 50-60, so I ended up losing about 60$
    however,I had used a 50$ voucher, so I just had to pay 10$,
    I'm really sorry for your loss.. It's gotta suck when you lose that much money
     
    Ripped, Jul 11, 2008 IP
  10. kder86

    kder86 Peon

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    #10
    Yeah gotta be careful with the decimal points.

    That shouldn't be too bad for you though, since you make $170,000 in profits per month.
     
    kder86, Jul 11, 2008 IP
  11. InternetG33k

    InternetG33k Banned

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    #11
    God I can feel your pain
     
    InternetG33k, Jul 11, 2008 IP
  12. Spliffic

    Spliffic Peon

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    #12
    Hah, I did the same thing last Saturday. I set my bid to $25 instead of .25 and my budget of $300 was gone in a matter of a couple hours and I averaged about $4.50 per click. Sucked because I was testing an offer and only got one conversion out of it :(
     
    Spliffic, Jul 11, 2008 IP
  13. m4x

    m4x Guest

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    #13
    Happened to me once, but with a wayyyyy lower amount! :p. Wow that really stinks but you must have a good site if you make that much money...good job you will get it back fast but this is a good mistake to read and learn from haha. btw nice blog :)
     
    m4x, Jul 11, 2008 IP
  14. Business Attorney

    Business Attorney Active Member

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    #14
    Ouch!!! I'll now triple check my changes before I click. Thanks for sharing your painful lesson.
     
    Business Attorney, Jul 11, 2008 IP
  15. serialCoder

    serialCoder Guest

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    #15
    very nice read, although you lost some. i still envy you, i could only wish to get around those amounts, but i'll be working hard for it..
     
    serialCoder, Jul 11, 2008 IP
  16. richkid

    richkid Well-Known Member

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    #16
    wow... that sucks! I am sure you will make it back in a couple of hours :D
     
    richkid, Jul 11, 2008 IP
  17. ubamba

    ubamba Member

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    #17
    I guess you got some (extremely expensive) market data out of it though.
     
    ubamba, Jul 11, 2008 IP
  18. sunchy

    sunchy Active Member

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    #18
    well, that is hard way to learn but You LEARN BRO

    keep working and learning and you will see light
     
    sunchy, Jul 12, 2008 IP
  19. Indian

    Indian Peon

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    #19
    I feel bad for you. There was another guy who lost lot of money by putting an incorrect landing page link. We learn from our mistakes.
     
    Indian, Jul 12, 2008 IP
  20. ceciliajjenkins

    ceciliajjenkins Peon

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    #20
    Wow, I feel for you. I made a similar mistake recently but caught it really quickly thankfully.
     
    ceciliajjenkins, Jul 12, 2008 IP