Affiliate Products is where you (the affiliate) generate sales for some other product vendor(s) and in exchange they pay you a commission for each sale that you make.
Some affiliate programs are “continuity” programs in that they require that the customer pay a monthly fee for membership or for use of that product.
I started off doing affiliate marketing for the first 5 years of my career as it is a great way to see if you are any good at online marketing. It also lets you see how people do it and then potentially do the same for your own products later on.
* Super easy to promote third party products and keep commissions (50%-100%)
* Just need to drive traffic
* No headache of product creation
* No technical knowledge required
* Can lead to “high ticket commissions”
The 3 Things All Affiliate Marketers Need To Survive Online
Being in the affiliate marketing business is not that hard now with the Internet at your disposable. There are two areas to look at.
* Selling products as an affiliate which this section is on.
* Running your own affiliate program.
It is much easier now compared to the days when people had to use the telephones and other mediums just to get the latest updates on how their program is coming along.
Now every affiliate marketer is always looking for the successful market that gives the biggest paycheck.
Sometimes they think it is a magic formula that is readily available for them. Actually, it is more complicated than that.
It is just good marketing practices that have been proven over years of hard work and dedication.
There are tactics that have worked before with online marketing and is continuing to work in the online affiliate marketing world of today.
With these top three marketing tips, you will be able to able to increase your sales and survive in the affiliate marketing online.
One that is used a lot is Clickbank
Yes I do affiliate marketing and I do it using wordpress and Woo Commerce.
What are these three tactics?
1. Using unique web pages to promote each
separate product you are marketing.
Do not lump all of it together just to save some money on web hosting. It is best to have a site focusing on each and every product and nothing more. By using reseller hosting that we look at later you can make 100’s of sites for just cents.
Always include product reviews on the website so visitors will have an initial understanding on what the product can do to those who buy them. Also include testimonials from users who have already tried the product. Be sure that these customers are more than willing to allow you to use their names and photos on the site of the specific product you are marketing.
You can also write articles highlighting the uses of the product and include them on the website as an additional page. Make the pages attractive compelling and include calls to action on the information. Each headline should attract the readers to try and read more, even contact you. Highlight your special points. This will help your readers to learn what the page is about and will want to find out more.
2. Offer free reports to your readers.
If possible position them at the very top side of your page so it they simply cannot be missed. Create autoresponder messages that will be mailed to those who input their personal information into your sign up box. According to research, a sale is closed usually on the seventh contact with a prospect.
Only two things can possibly happen with the web page alone: closed sale or the prospect leaving the page and never return again. By placing useful information into their inbox at certain specified periods, you will remind them of the product. Be sure that the content is directed toward specific reasons to buy the product. Do not make it sound like a sales pitch.
Focus on important points like how your product can make life and things easier and more enjoyable. Include compelling subject lines in the email. As much as possible, avoid using the word “free” because there are still older spam filters that dumps those kind of contents into the junk before even anyone reading them first. Convince those who signed up for your free reports that they will be missing something big if they do not avail of your products and services.
3. Get the kind of traffic that is targeted
to your product.
Just think, if the person who visited your website has no interest whatsoever in what you are offering, they will be among those who move on and never come back.
Write articles for publication in e-zines and e-reports. This way you can locate publications that are focusing on your target customers and what you have put up might just grab their interest.
Try to write a minimum of 2 articles per week, with at least 300-600 words in length. By continuously writing and maintaining these articles you can generate as many as 100 targeted readers to your site in a day.
Always remember that only 1 out of 100 people are likely to buy your product or get your services. If you can generate as much as 1,000 targeted hits for your website in a day, that means you can make 10 sales based on the average statistic.
The tactics given above do not really sound very difficult to do, if you think about it. It just requires a little time and an action plan on your part.
Try to use these tips for several affiliate marketing programs. You can maintain a good source of income and surviving in this business that not all marketers can do.
So Many Affiliate Programs! Which One Do I Choose?
Ask questions first before you join an affiliate program. Do a little research about the choices of program that you intend to join into. Get some answers because they will be the deciding point of what you will be achieving later on.
Visit http://www.associateprograms.com/directory/ for a list and overview of hundreds of affiliate programs.
Will it cost you anything to join? Most affiliate programs being offered today are absolutely free of charge. So why settle for those that charge you some dollars before joining.
When do they issue the commission checks? Every program is different. Some issue their checks once a month, every quarter, etc. Select the one that is suited to your payment time choice. Many affiliate programs are setting a minimum earned commission amount that an affiliate must meet or exceed in order for their checks to be issued. Many now will deposit into your bank or Paypal account.
What is the hit per sale ratio? This is the average number of hits to a banner or text link it takes to generate a sale based on all affiliate statistics. This factor is extremely important because this will tell you how much traffic you must generate before you can earn a commission from the sale.
How are referrals from an affiliate’s site tracked and for how long do they remain in the system? You need to be confident on the program enough to track those people you refer from your site. This is the only way that you can credit for a sale. The period of time that those people stay in the system is also important. This is because some visitors do not buy initially but may want to return later to make the purchase. Know if you will still get credit for the sale if it is done some months from a certain day.
What are the kinds of affiliate stats available? Your choice of affiliate program should be capable of offering detailed stats. They should be available online anytime you decide to check them out. Constantly checking your individual stats is important to know how many impressions, hits and sales are already generated from your site. Impressions are the number of times the banner or text link was viewed by a visitor of your site. A hit is the one clicking on the banner or text links.
Does the affiliate program also pay for the hits and impressions besides the commissions on sales? It is important that impressions and hits are also paid, as this will add to the earnings you get from the sales commission. This is especially important if the program you are in offers low sales to be able to hit ratio.
Who is the online retailer? Find out whom you are doing business with to know if it is really a solid company. Know the products they are selling and the average amount they are achieving. The more you know about the retailer offering you the affiliate program, the easier it will be for you to know if that program is really for you and your site.
Is the affiliate a one tier or two tier program? A single tier program pays you only for the business you yourself have generated. A two tier program pays you for the business, plus it also pays you a commission on the on the sales generated by any affiliate you sponsor in your program. Some two-tier programs are even paying small fees on each new affiliate you sponsor. More like a recruitment fee.
Lastly, what is the amount of commission paid? 20% – 80% (and some cases, 100%!) is the commission paid by most programs. .01% – .05% is the amount paid for each hit. If you find a program that also pays for impressions, the amount paid is not much at all. As you can see from the figures, you will now understand why the average sales amount and hit to sale ratio is important.
These are just some of the questions that needed answering first before you enter into an affiliate program. You should be familiar with the many important aspects that your chosen program should have before incorporating them into your website. Try to ask your affiliate program choices these questions. These can help you select the right program for you site from among the many available.
Which Affiliate Networks To Look Out For When Promoting
There are many horror stories about affiliate programs and networks. People have heard them over and over again, that some are even wary of joining one. The stories they may have heard are those related to illegal programs or pyramid schemes. Basically, this kind of market does not have a real, worthy product.You do not want to be associated with these schemes.
It is obvious you want to be with a program that offers high quality product that you will readily endorse. The growing number of those who have joined already and are succeeding immensely is proof enough that there are reliable and quality affiliate programs out there.
Why participate in an affiliate program?
It allows you to work part-time.
It gives you the opportunity to build a generous residual income.
And it makes you an owner of a small business. Affiliate programs have already created lots of millionaires.
They are the living testimony of how hard work; continuous prospecting, motivating and training others pay off.
If ever you are deciding to join one, you must take note that you are getting into something that is patterned to what you are capable of. This will be an assurance that you are capable of doing anything to come out successful.
How do you choose a good affiliate program to promote? Here are some tips you may want to look over before choosing one:
1. A program that you like and have interest in.
One of the best ways of knowing if that is the kind of program you wish to promote is if you are interested in purchasing the product yourself. If that is the case, chances are, there are many others who are also interested in the same program and products.
2. Look for a program that is of high quality.
For instance, look for one that is associated with many experts in that particular industry. This way, you are assured that of the standard of the program you will be joining into.
3. Join in the ones that offer real and viable products.
How do you know this? Do some initial research. If possible, track down some of the members and customers to give you testimonial on the credibility of the program.
4. The program that is catering to a growing target market.
This will ensure you that there will be more and continuous demands for your referrals. Make inquiries. There are forums and discussions you can participate in to get good and reliable feedbacks.
5. A program with a compensation plan that pays out a residual income and a payout of 40% or more would be a great choice.
There are some programs offering this kind of compensation. Look closely for one. Do not waste your time with programs that do not reward substantially for your efforts.
6. Be aware of the minimum quotas that you must fulfill or sales target that is too hard to achieve.
Some affiliate programs imposes pre-requisites before you get your commissions. Just be sure that you are capable of attaining their requirements.
7. Select one that has plenty of tools and resources that can help you grow the business in the shortest possible time.
Not all affiliate programs have these capacities. Make use you decide on one with lots of helpful tools you can use.
8. Check out if the program has a proven system that can allow you to check your networks and compensation.
Also check if they have it available online for you to check anytime and anywhere.
9. The program that is offering strong incentives for members to renew their membership each time.
The affiliate program that provides continuous help and upgrades for its products have the tendency to retain its members. These things can assure the growth of your networks.
10. Be aware of the things that members are not happy about in a program.
Like with the ones mentioned above, you can do your checking at discussion forums. If you know someone in that same program, there is ho harm asking if there are many downsides involved.
Have a thorough and intensive knowledge about the affiliate program and network you will be promoting on.
Knowing the kind of program you are getting yourself into will make you anticipate and prevent any future problems you may encounter.