An
Ideal Way to Achieve Income in the Internet Age
An increasingly
popular way of promoting your online business is through affiliate programs.
These are where other relevant websites put a link to your site (if
you are a merchant selling a product or service), and you share the
profits of any resulting sales. Alternatively, if you are an advertiser
with a website, you may contact a merchant with a product or service
appropriate to your site. Again, you share the profits. No additional
money is spent on advertising or other overhead, and no money is exchanged
unless a sale is made. A win-win situation, whichever way you look at
it. Find out much more by getting the full information on
affiliate marketing here.
Affiliate
Programs - You as Merchant Client
Take the scenario
of a business that has just built its first website. It's all very flashy,
uses lots of gimmicks, has lots of animated graphics files, and sells
the sizzle along with the sausage. Then after about a month the website
owner realises there still aren't any sales. What's the problem?
The problem is that
the website is overburdened with those gimmicks which take a long time
to load and which cannot be read by the search engines (the engines
can't read graphics, only text). Most importantly, potential visitors
are all typing in words to the search engines that relate to the sausage,
and not the sizzle. The result is that the site is buried on page 27
of the search engines instead of where it should be on page one. That's
why nobody sees it. That's why there are no sales.
The hypothetical
solution? Build a website that is highly optimised for the search terms
that potential customers are typing into the search engines' search
boxes. The result is that this website is now on page one of the major
search engines. But the client hates it! Why? Because he is still in
love with the flashy website that was his original dream. He insists
on keeping his original website (after all, he probably paid thousands
for it.)
The real solution:
Find someone to set up a special highly optimised website, featuring
a number of web pages each based around a number of keyphrase search
terms that potential customers would type into the search boxes. Or
find an existing website which has high web traffic relevant to your
niche or market sector.
Set up a link from
the site to your own site and in doing so drive web traffic to that
site. Put in place a third party tracking system which monitors all
traffic and sales. Enjoy the profits from the extra traffic to your
site, and in return pay a percentage of sales to the website owner where
all the extra traffic came from in the first place.
This is what affiliate
programs consist of. Because payment is by performance and on a
percentage of sales, and because there are no additional fees, it is
a win-win situation for everyone and for this reason affiliate programs
are increasingly very popular.
Find out much more
by getting the full information on affiliate
marketing here.
Affiliate
Programs - You as Publisher/Advertiser
In this scenario
you already have a website. Your traffic is good. You decide to seek
extra revenue from this traffic by putting a link to another website
which sells related (but not competing) products or services. As the
owner of the website you are the publisher, and your affiliate client
is the merchant. Every time one of your site visitors clicks on the
link that goes to the merchant's site and makes a purchase you get a
percentage of sales resulting from that. Again, everyone is happy because
affiliate programs are a win-win situation. You are getting revenue
that you would not have had before, and so is your merchant client.
Find out much more by getting the full information on affiliate
programs here.
Find out which affiliate
programs to avoid by learning more about affiliate
marketing here.
Affiliate
Programs - How to Set Them Up
Firstly you must
decide whether you are an affiliate merchant client (you have
a product or service to sell) or are you a publisher, advertiser
or webmaster (you have an existing website with plenty of traffic
- upwards of 3,000 unique visitors (UVs) per month would be a realistic
minimum figure).
If you are a merchant
then you should sign up with a third party tracking service, to monitor
visitors to your website and also to monitor sales from other affiliate
sites where those sales originate via similar affiliate programs. It
is important that this system is fair and transparent. It is particularly
important that you gain the trust of your affiliates through the practice
of honest reward. After all, if your affiliate has done the work of
generating all that traffic for you then he or she should be rewarded
with a decent percentage of sales. If your affiliates think that they
are being deceived out of earnings they will simply drop your links
and change them (easily done in a matter of minutes) in favour of another
supplier, and here is your problem: the affiliate's website is optimised
very tightly and specifically to what you produce, in terms of
the keyword phrases and the descriptions used. So the only links that
can be reasonably applied would be to a supplier of the same product
or service - yes, to your competitor! So keep your affiliates
onside.
Find out how to
avoid the pitfalls by learning about affiliate
marketing here.
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Affiliate
Program network providers are suppliers
who serve both the merchant and the affiliate. If you're an
affiliate then go to their site and select the affiliate programs that
are relevant to your website. If you're a merchant then just sign up
with them and have your product or service listed there. Most will offer
publicity to likely potential affiliate partners as part of their service,
including email newsletters to their existing subscribers.
ClickBank.
A well known supplier of digital or "virtual" products for
purchase by your customers. If you sell things like e-books or informational
material or anything that can be downloaded as a file, then this would
be the obvious first choice. There is a one-off $49.95 activation fee
per account, plus a charge of $1 plus 7.5% of each sale. You can sell
up to 50 products through the same account. Click
here for more information.
For a list of many
more affiliate marketing providers click here.
Warning:
If you plan to set up as an affiliate you should avoid certain affiliate
programs. First and foremost, steer clear of any affiliate program that
actually charges you to join it. There is absolutely no reason why any
merchant or third party should charge a joining fee unless the product
or service cannot sell itself - and that is the whole point of the exercise
after all. Learn more about this by clicking here.
See also the section
on Merchant Accounts,
and alternatives to them (there's a plan to suit all budgets), on this
website before returning to the Affiliate Programs page.
We will constantly
try and update this page as new events occur of interest both to affiliates
and merchants. Why not bookmark
this page for future
reference!