Also known as referral programs, affiliate programs are normally commission based sales.
This is how they work Youll recommend a site to your visitors/subscribers and then pick up a percentage of any sale that those visitors/subscribers make.
Youll benefit from the commission and the merchant benefits from the sales, and also new buyers on their buyers list if they are clever enough collect the details of their buyers. 😉
If you already have a website set up, you can run an affiliate program from it, or you can simply build a site to promote a particular product or service. As long as it brings in more cash than it takes to build or run it, then youll be fine.
With any marketing program, youll need to be careful when you select an affiliate program. The benefit of an affiliate program will give you another way to make money from your users. Instead of selling them a product, you simply send them to a partner then take a cut of the profits.
Even though it may seem tempting to go for programs with the highest commissions, those programs wont pay you anything if your visitors dont buy them.
Below, youll find some tips to help you select an affiliate program that is right for YOU:
Do not accept any less than 25% with commission. You can find many affiliate programs with great
payment structures and high percentages of pay in just about any field.
Look for statistic pages that list the number of click throughs, sales, and earnings, so that youll be able to compare and see how you are doing when you promote it.
Always look for programs that offer a wide variety of tools to put on your web site, including banners, text links, and of course graphics.
Find out how often youll be paid and be sure that the payment schedule meets with your own expectations. Some programs will pay monthly,
while others will pay quarterly.Be sure that top level support is included. If they cant answer your questions in a quick and timely manner, you dont want to work
Once you learn what you are doing with affiliate programs, you can make a lot of money. If you are just starting out, you should always use common sense and not rush into anything. As you become more familiar with how things work, youll be well on your way to making a lot of money and enjoying making it.
Feel free to leave a comment and let me know your views and experiences with affiliate programs.