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, and some are even wary of joining one. The stories they may have heard are the ones related to illegal programs or pyramid schemes. Basically, these marketplaces don't have real, viable products.
You don't want to be associated with these schemes. Obviously you want to join a program that offers high-quality products that you are ready to support. The growing number of people who have joined and are very successful 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. Gives you the opportunity to build a large residual income. And makes you a small business owner. Affiliate programs have created many millionaires. They are living testimonies of how hard work; prospecting, motivating, and training others pays off.
If you decide to join an affiliate program, you should note that you are getting into something that is within your capabilities. This will be a guarantee that you are capable of doing whatever it takes to be successful.
How do you choose a good affiliate program to promote? Here are some tips that you might want to look into before choosing one:
1. A program that you like and are interested in. One of the best ways to tell if it's the kind of program you want to promote is if you're interested in buying the product yourself. If so, chances are, there are many other people who are also interested in the same program and product.
2. Look for programs that are of high quality. For example, look for a program that deals with many experts in a particular industry. This way, you can ensure the standard of the program you are about to join.
3. Join a program that offers real, viable products. How do you know this? Do some preliminary research. If possible, track down some members and customers to give testimonials about the program's credibility.
4. Programs that cater to an ever-growing target market. This will ensure you that there will be more and continuous demand for your referrals. Ask questions. There are forums and discussions that you can join to get good and reliable feedback.
5. A program with a compensation plan that pays residual income and a payout of 30% or more would be a great option. There are several programs that offer this kind of compensation. Look carefully. Don't waste your time with programs that don't provide substantial rewards for your efforts.
6. Beware of minimum quotas you must meet or sales targets that are too difficult to achieve. Some affiliate programs impose requirements before you earn commissions. Make sure that you are able to meet their requirements.
7. Choose a program that has many tools and resources that can help you grow your business in the shortest time possible. Not all affiliate programs have this capacity. Take advantage of affiliate programs that have a lot of tools at your disposal.
8. Check if the program has a proven system that allows you to check your network and compensation. Also check if they provide it online for you to check it anytime and anywhere.
9. Programs that offer strong incentives for members to renew their membership every time. Affiliate programs that provide ongoing assistance and upgrades for their products have a tendency to retain their members. These things can guarantee the growth of your network.
10. Know what members don't like in a program. As mentioned above, you can check on discussion forums. If you know someone who is following the same program, there is no harm in asking if there are many drawbacks.
Have a thorough and intensive knowledge of the affiliate program and network you will be promoting.
Knowing the type of program you are joining will allow you to anticipate and prevent future problems you may encounter.
So Many Affiliate Programs! Which One Should I Choose?
Ask questions first before you join an affiliate program. Do a little research on the choice of program you want to join. Get some answers because that will be the deciding point of what you will achieve later.
Will it cost you to join? Most of the affiliate programs offered today are absolutely free. So, why settle for those that charge a few dollars before joining.
When do they issue commission checks? Every program is different. Some issue checks once a month, every quarter, etc. Choose the one that suits your choice of payout time. Many affiliate programs set a minimum commission earned amount that affiliates must meet or exceed for their check to be issued.
What is the click per sale ratio? This is the average number of clicks on a banner or text link required to generate a sale based on all the affiliate statistics. This factor is very important as it will tell you how much traffic you need to generate before you can earn a commission from a sale.
How are referrals from affiliate sites tracked and for how long do they remain in the system? You need to be confident enough in the program to track the people you refer from your site. This is the only way you can get credit for sales. The length of time these people are in the system is also important. This is because some visitors don't buy initially but may want to come back again to make a purchase. Know if you will still get credit for the sale if it was made several months from a certain day.
What types of affiliate statistics are available? Your chosen affiliate program should be able to offer detailed statistics. They should be available online anytime you decide to check them. Constantly checking your individual statistics is important to know how many impressions, clicks, and sales your site has generated. Impressions are the number of times a banner or text link was viewed by your site visitors. Hits are people who clicked on the banner or text link.
Do affiliate programs also pay for hits and impressions in addition to sales commissions? Impressions and clicks should also be paid for, as this will add to the earnings you get from sales commissions. This is especially important if the program you join offers low sales to be able to achieve a click rate.
Who is the online retailer? Find out who you're doing business with to know if it's really a solid company. Know the products they sell and the average amount they achieve. The more you know about the retailer offering the affiliate program, the easier it will be for you to know if the program is really a good fit for you and your site.
Is the affiliate program a one-tier or two-tier program? A one-tier program pays you only for the business you generate yourself. Two-tier programs pay you for business, plus they also pay you a commission on sales generated by affiliates you sponsor in your program. Some two-tier programs even pay a small fee for each new affiliate you sponsor. More like a recruitment fee.
Finally, what is the commission amount paid? 5% - 20% is the commission paid by most programs. 0.01% - 0.05% is the amount paid for each click. If you find a program that also pays for impressions, the amount paid is not much. As you can see from the numbers, you will now understand why the average sales amount and click to sales ratio are important.
These are just some of the questions that need to be answered first before you join an affiliate program. You should understand the many important aspects that your chosen program should have before incorporating it into your website. Try to ask these questions to the affiliate program of your choice. This can help you choose the right program for your site from the many available.
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