Applying a texture to a sphere

I've been trying to figure out how to apply a texture to a sphere in Unity. Everywhere I look, I get the same answer: "Just drag and drop the texture from the Project pane onto the sphere (in the Hierarchy view)." However, when I do that, this is what I get: ![pic][1] I'm extremely new to Unity so I apologize if this is a stupid question. But can someone tell me what I'm doing wrong and how to properly apply this texture to the sphere? [1]: /storage/temp/26656-spheretexture.png