Affiliate marketing is a commission based system where a company recruits affiliates (people like you and me). Every time an affiliate refers someone to buy from the company, the company will pay the affiliate a commission.
It usually costs nothing to become an affiliate.
Most companies pay their affiliates between 3%-15% commission.
Some of the best places to find affiliate programs are:
Commission Junction
http://www.cj.com
Share A Sale
http://www.shareasale.com
Click Bank
http://www.clickbank.com
There are literally thousands of products for you to choose from. You can find something to market to virtually anyone.
When searching for a product to advertise on your website make sure the product matches the content of your website. If you have a website on baby names you wouldn’t advertise for computer equipment.
Be sure you feel comfortable about the product you’ll be selling. Would you want to buy this product?
Frequently it’s a good idea to purchase the product that you’ll be promoting.
After the product has arrived you should ask yourself these questions:
- How simple was the checkout process? How difficult would it be for someone new to the Internet to checkout?
- Did the product come as advertised?
- Was the shipping price reasonable?
- Were there any extra or hidden charges that were not advertised or expected?
- How long did the product take to arrive?
- Did the charge on your credit card statement clearly indicate that the charge came from this company?
If you had any problems with the purchase of the product or problems when it arrived then you should not market this particular product. If you had problems then so will people you refer which will result in fewer sales and more refunds & charge backs.
If you are paying to send traffic to the product’s sales page don’t risk a lot of money on any one product. Some products will cost you more money in advertising than you make from the sales of the product. I usually follow the Double Rule.
The Double Rule says if I am promoting something for $10 and I spend $20 in advertising without any sales then it’s time to cut my losses and try something else. To break even I would have to magically make 2 sales without any additional advertising costs. This is very unlikely and that’s why it’s time to find something else to promote.
The Double Rule also says that if you have made 2 sales but have spent more on advertising than you have earned it’s probably time to stop losing money and find something else to promote.
It’s critical you put limits on what you spend or you may lose your shirt.
Be sure you understand your program’s terms and conditions. What are their exact rules?
Make sure you check how often they pay you. Some programs pay every 2 weeks while others wait 120 days after the sale to pay you.
Some programs pay you no matter how much money you have earned. Others wait until you have earned $100.
The morale of the story is make sure you understand the program, policies, and the product you are promoting.
What do you think?
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{ 1 comment… read it below or add one }
I prefer promote information products rather than physical products. It’s provide higher commission which is range from 50%-75% per sales.
There are 5 advantages to doing business as an affiliate:
1.Affiliate marketing is the easiest and fastest way to start an internet business.
2.It can be extremely profitable if you focus and do it right.
3.There is no inventory, customer service or overhead to worry about. Your main focus will be on promoting the merchant’s product.
4. You can start promoting products to earn money without going through the process of creating your own products.
5.Your affiliate marketing system can be duplicated and replicated in any Market niche, so long as there are good products with corresponding affiliate programs available in that niche.
To Your Success
Bryan Hee