Choosing The Right Affiliate Program & The "Rules To Live By"
Here's the 'Numero Uno' Rule!
Don't be cheap! Always go for quality! Hey, if you wouldn't buy it, why should anyone else?!
Take a good look at the product or service you're considering marketing and make sure it is top notch! Is is a good value for the price? If it's a ridiculous amount of money for something not worth a whole lot, then forget about it. How about the people that are recommending it? Have you done business with them in the past? Are they reliable? Can you talk to a few people who have bought the product? Are they happy with what they purchased?
You've really got to be certain you are recommending a good quality product, from a reputable company, which has great customer service.
This is definitely pretty darn important! As an affiliate, you're sticking your neck out there, every time you advertise or recommend the product or service you're linking to. You are in effect, endorsing them, so it's your reputation at risk! Be sure you're dealing with a company that deserves your trust and reflects well on you personally!
Be smart! Don't ever promote something that's going to harm your reputation!
The Second Most Important Rule
You better be earning a super dooper commission! If you're only being paid 5% or 10% per product sold...boy, are you ever getting the 'short end of the stick'! That's a low commission! You need to look for a company who's thinking about the life-time-value of a customer and is willing to give YOU a very high payout to keep you. You want to associate with a company who pays out around 60% of the net profit to their affiliates. You won't find an affiliate program like this on every website, you're going to have to really search for it! But that's allright. It'll be worth the effort!
With a good affiliate company, when someone joins under you, they get paid for every sale they make (just like you), and you get paid a percentage for every sale THEY make. Just think what would happen if you had a few really hot affiliates, who signed up underneath you and were making 10 sales a mont... you would be making a whole lot of money every month just on the work THEY did. As long as they keep selling, you keep getting paid!
Something else to think about...even if a company is paying out a high commission, if people don't buy from them, you're right back where you started! They've got to have a site which turns visitors into buyers; the site must have a good conversion rate! The site should have at least a 1% conversion ratio; meaning, that one out of every hundred customers you send to them, then turns into a sale.
Make sure you go with an affiliate program which has sales copy and website design that "makes you want to buy". After all, YOU are sending them the potential customers, but it's their job to turn those potential customers into buyers! More buyers, more money for you! Basically pretty simple.
Also, keep in mind your payout amount. If you are earning $50 a referral for one buying customer, you're doing okay.. but, if you are only earning a $10 referral fee for that one buying customer, you may want to rethink things.
Here Comes Rule Number Three, Short But Major Important!:
Match the product or service to the theme of your site. So if your site is about horses and horse products you don't want to be advertising music CD's or weight loss products (unless of course it is a weight loss product for horses!).
You need to target your clientele so that what you are selling or recommending, has something to do with what your visitors WANT. I can't stress this enough it's very important! Provide links, services and products, which are related to what YOUR visitors want!
I am continually astonished, that people build a site and then have products and affiliate programs that have nothing whatsoever to do with each other! DUH!!
The Number Four Rule:
You also need to be concerned with the tracking software the affiliate program is using. You want to see your statistics (stats) in real time and be able to check them at any time to see how you are doing.
Why?
So you can go and check to see how your promotional efforts are working Compare the difference in results between putting a button up and putting up a whole sales page. You need instant information on visitor and sales results. How many sales is your affiliate banner generating, same goes for a text link, or personal recommention....how many visitors are you sending to the affiliate site and then how many - continued below ...