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Maximize Your Commissions From Affiliate Programs
by Kevin Sinclair, CPA
The majority of affiliates are not
earning much money from the affiliate programs they belong to. It doesn't have
to be this way. Here are a few tips and techniques that will help you to
maximize the commissions you receive from the affiliate programs you belong to.
Choose your affiliate programs with care.
The most critical
thing you need to do is choose your associations with care. If you do this
wrong, you limit your ability to earn good commissions before you even
start.
The programs you choose must fit with the product or service range
that you are offering. It is important that they are natural add ons to what you
are selling. Alternatively, they must complement the theme of your site. For
example, if you offer web design services, a natural add on could be an
affiliate program for web hosting.
If you do not offer your own products
or services, then your web site needs to convey useful information on a topic of
your interest. Affiliate programs relating to this topic of interest would be
good add ons for your site. For example, if you have a poetry site, useful
affiliate programs could be poetry books, greeting cards, or
flowers.
Limit your choice of affiliate programs initially so you can
concentrate your efforts on learning how to market them
effectively. Having
too many programs will dilute your focus and make it harder to learn what works
best. Once you are successfully selling and making reasonable commissions from
your initial choices, you are then in a better position to choose new programs
to add to your site.
Don't choose based on
what pays the highest commission. Instead, put yourself in the shoes of your
customer and choose
what would best serve their needs. When you do this, you will choose programs
that will sell very well and make you more commission in the long run.
Personal recommendations.
Once you have
settled on a small list of programs you think are suitable, buy the product or
service yourself before making your final choice. This will enable you to test the service
delivery and product quality to ensure that it is totally suitable for you to
recommend to your customers and visitors.
Your credibility with your
customers will be damaged if your refer them to another merchant who does not
provide them with good service or product quality. Therefore, always test the
product or service before you give a personal recommendation.
Most
marketing experts say that the best way to sell products through an affiliate
association is by personal
recommendation. Once you have used the product,
you are then able to write a review that tells your customers or visitors what
you liked about it and how it helped you. A personal recommendation will sell
more than any advertisement.
Opt In Lists v. Web Sites
Your
advertising message will produce a stronger response from people that already
know and trust you. Therefore, your own opt in list or ezine is going to be more
effective than your web site at generating commissions. If you don't have a
means of staying in contact with your customers or visitors, you are severely
limiting your income producing potential.
Banner links on web sites are
less effective than text links. More people will click on a text link than a
banner. With text links, you are able to pre-qualify people before they visit
your affiliate partner's site, and you will find that more convert to sales.
Advertising
To supplement your promotional
activities, consider advertising that gets people to visit the details of the
affiliate program on your site, or alternatively, sends them direct to the
affiliate site using your affiliate link. Paid ads in ezines can be relatively
cheap and can provide you with highly targeted prospects for your promoted
product or service.
Many ezines accept paid advertising. Check out List Resources.com http://list-resources.com/ who has a directory of sites that list newsletters and ezines. Another option to
consider for low cost ezine advertising is the "2 Bucks an Ad Program" http://www.ksinclair.com/2bucks.htm
Free classified ads are another
option but are less effective than targeted ezine advertising. Yahoo Classifieds
(http://classifieds.yahoo.com/) is the first choice for
free ads. Ensure that you update or change your ads every couple of days to keep
them near the top of the listings. Also, check out The Grandfather Of All Links
FREE Advertising Directory which has over 10,000 +
places to advertise for free. http://www.ecki.com/links.
Track
Your Results
Always test and track the results of the ads and promotions
you run. Use the information gained to fine tune your efforts. If you don't
track your results, you will not know what is or is not working for you. The
best decisions are made based on good information.
A good service I use
to help me track my advertising and promotion results is provided by ROIbot http://www.roibot.com/w.cgi?R10682_ROIbot.
A free trial is available so that you can test their services with your next
adverting or promotion campaign.
Conclusion
You can maximize your
commissions from affiliate programs. You need to carefully choose the programs
you will participate in based on what would best suit your customers or
visitors. A personal recommendation is the most effective selling tool
especially if it appears in your own ezine or opt-in list. Other advertising
tools should also be used to enhance your earning potential. Always test and
track your results so that you can maximize what works best for you.
Article by Kevin
Sinclair, CPA, of Be Successful! Business & Personal Success Resources (http://www.ksinclair.com/). He is the
author of 2 free ebooks: "Success Secrets" & "How To Choose A Home Based
Business". Kevin is also the publisher of "Be Successful News" - a free ezine
dedicated to your online business success - to subscribe, send a blank email to
pbsr-subscribe@listbot.com.
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