When people decide to join an affiliate program to make extra money or to work full-time, they frequently do so with misconceptions about how the affiliate program works. Read through the top five mistakes people make when selecting an affiliate program and avoid them at all costs. Then you will be more effective and earn more money for your time, so it is definitely worthwhile to read and avoid these warnings.
#1 Support rather than compete
Too many affiliate programs compete against one another, wasting money and driving affiliates out of business. However, if you are a part of an affiliate program, the more affiliates you have, the more information and money you will receive. Choosing an affiliate program that believes in competing with other affiliates is one of the worst things you can do. Choose an affiliate program that supports and grows other affiliates in order to have a larger network and access to more affiliates.
#2 Small Reward
Another common mistake people make when selecting affiliate programs is selecting one that provides little reward for the individual's efforts. Too many affiliate programs pay too little, making it difficult for affiliates to make the money they should. Look for an affiliate program that pays well for your efforts.
#3 Any old statistics?
You want an affiliate program that provides good, solid, real-time statistics, not old or invalid statistics. There aren't many affiliate programs that offer the kind of statistics that an affiliate manager requires, so do your best to find one that does.
#4 No Assistance
Too often, affiliates are left waiting for days for an answer to an e-mail and an important business question. You want an affiliate program that guarantees you support around the clock, if possible, or within 24 hours at the very least. If not, continue looking for an affiliate program that wants to assist you in helping yourself.
#5 New Creative Ideas
Many affiliate programs provide their affiliates with few ideas or creatives, resulting in thousands of web pages with the same advertising. However, affiliate programs would be more successful if a variety of ads were available so that affiliates could alternate ads and place different ads on different sites based on the products sold.
Make a mental note of these five blunders so you know exactly what you're looking for in an affiliate program and what to avoid. You will be much more successful and happier if you do not fall into these traps!
5 Pointers for Choosing the Best Affiliate Program
Affiliate programs can be an excellent way to generate income online. You don't have to spend time developing your own product, taking orders, or providing customer service.
If you already have a high traffic website or an e-zine, you can expect to earn a steady flow of commissions every month without putting in much extra effort.
I've provided the following 5 tips to help you choose the affiliate programs that are right for you to help you get started promoting affiliate programs.
1. Select affiliate programs that are relevant to the content of your website. If your site caters to a specific market, select affiliate programs that sell products in that market.
2. Select affiliate programs with high commissions. For instance, 30%-50% on direct sales.
3. Participate in affiliate programs that offer two-tier commissions. This allows you to earn commissions not only on your own sales but also on the sales of people you refer to your affiliate program.
4. Join affiliate programs that sell a variety of products so you can earn commissions when your referrals return and buy additional services or products.
5. Join affiliate programs that provide excellent marketing support to their affiliates. Many affiliate programs provide their affiliates with pre-written ads, sales letters, marketing courses, and articles to use in promoting their services.
Remember that the best affiliate programs will view their affiliate program as a partnership with you and will combine high commissions with excellent support so that you can begin earning money promoting their products as soon as possible.
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