To start this post, I think a lot of you are still waiting for the perfect affiliate program to start your affiliate marketing business. But I want to be clear with you that you might not be able to benefit from the affiliate program that helps other people to earn their mansion and yacht. So, below are some tips to help you to identify the right affiliate marketing program for you.
Where to start
You can start by Google for "your niche + affiliate" and look at the search results. You can then analyze the programs and join the one that you think is most suitable for you.
Or you can look at affiliate programs at affiliate program networks like Clickbank, PayDotCom, Commission Junction, Linkshare or Shareasale. These networks are the middle man who run the administrative work for the vendors and pay you as the affiliate.
You can then sign up as an affiliate for free and start your online venture. One important thing you need to remember is that signing for affiliate should be free. No Matter What The Vendor Said. Think about this, you are helping them to make money, just like you are working for someone else, they should be the one to pay you. Why should you pay for anything to work for someone else?
How to start
Now, I understand that you are eager to make money with affiliate marketing and you are willing to work hard for a few affiliate marketing programs. But quantity doesn't equal to quality. Of course you need to work hard to be a successful affiliate marketer but you have to work smart too.
So, before you join any affiliate marketing program, make sure that the potential affiliate income is worth your time.
However, the potential affiliate income doesn't say it all. It is just the basic screening tool. You have to look at the conversion rate as well. Let's imagine the affiliate program offers you $45 per sale yet the conversion rate is just 0.5%. That means you only make money when you have 200 clicks. What if another affiliate programs offer $30 as commission and the conversion rate is 1%? That means you will make money with 100 clicks and by 200 clicks, you already make $60. It is an extra of $15 with same number of visitors as the first affiliate program. Now, you want to be the successful affiliate marketer, you go figure which affiliate program is more worth your time.
Besides, the vendors can only pay you more commission when they charge higher price for their products. This expensive price might hinder the customer from buying the product hence affect the conversion rate.
With that being said, I hope you don't misunderstand that you can make more money with affiliate marketing by promoting cheap products with high conversion rate. If the affiliate program has the conversion rate of 1% and offers $4 per sales, do you think it is worth your time? You need to have 1000 clicks to earn $40. For crying out loud, do you know how much cost, work and time you will need? Unless the affiliate program suddenly boost its conversion rate to 10%, you are better off joining other affiliate program.
I hope that I didn't confuse you with the calculation. I just need you to understand that the potential affiliate income and the conversion rate have to go hand in hand if you were to make money with affiliate marketing.
Actually, there are more to talk about the things you need to look at for an affiliate program but I think it is better that I share them with you in the next post. For now, rest...
Create your success,
Wong Michael. :-)
http://www.beyondaffiliatecash.com/
Remember, making money with affiliate marketing is easy when you know how. :-)
P.S. Building a successful affiliate marketing business can be devastating sometime. Still, you can always talk to me and get more tips of how you can earn your online income with ease.
Tuesday, June 23, 2009
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