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Suppose you could launch an online business in the next ten
minutes? Suppose that this business did not require your own
website, dealing with customers, refunds, product development
or maintenance? This is the ideal world of affiliate marketing.
Made popular on the internet by Amazon.com, marketers can now
earn a referral fee for directing visitors to countless
merchants’ website. According to Forrester Research, affiliate
program earnings will represent $53 BILLION of all e-commerce
sales by 2005. How could you earn a sizeable piece of this pie?
Here are some powerful tips that would get you rolling in those
big commission checks and laughing all the way to the bank.
1. Know what programs and products to promote.
Of course you will want to promote those programs that will bring
you the greatest profits in the shortest time. There are several
factors that play into selecting such a program. Choose programs
that have a generous commission structure, products that fit in
with your target audience and a solid track record of paying
their affiliates on time. If you cannot recoup your investment,
then prune such programs and keep looking for better ones. There
are tens of thousands of affiliate programs online so you can
afford to be picky. This is a case where you will want to choose
just the cream of the crop and so reduce the risk of losing your
advertising dollars.
2. Write free reports or short ebooks to distribute from your
website.
Most likely you will be competing with other affiliate marketers
who are promoting the same program. If you write a short report
on a related topic to the product that you are promoting, then
you can distinguish yourself from all other affiliates. In this
report you can provide valuable information for free with a
“recommendation” of the product. This is often referred to as a
‘soft sell’.
The report or ebook allows you to develop credibility with your
audience and your readers are more likely to follow your
recommendation. There is less resistance to this type of selling
because the prospect doesn’t feel ‘sold’, just informed. The next
step is to make this ebook ‘viral’ by allowing those who bought
the product through your link to ‘brand’ the ebook for their own
promotional use.
3. Collect the email addresses of those who download your free
ebook.
Research has shown that over 60% of the sales of any product are
made after the fifth exposure to the sales message. In other
words, most people do not make a purchase on the first
solicitation. You may need to send your marketing message over
six times before a sale is made. This is the reason why you
should collect the contact information of those who download your
report. You can then follow up on these contacts to gently remind
them to make the purchase.
4. Never send prospect directly to a vendor’s website without
collecting their contact info first.
Affiliate marketing is ideal but not perfect. You must keep in
mind that you are providing free advertisement for the product
owners. The merchants only pay you when you make the sale. If you
send prospect directly to their website then these prospect are
lost to you forever. If you collect these names instead, then you
can always send other marketing messages to them and earn an
ongoing commission instead of making a one-time sale.
5. Publish an online newsletter or Ezine.
It is always easier to recommend a product to a friend than to
sell to a stranger. This is the philosophy behind publishing your
own newsletter. A newsletter allows you to build a subscriber
list and develop a relationship of trust with this list. Your
subscribers will then trust you to recommend products that will
benefit them.
This strategy requires a delicate balance of providing useful
information along with a ‘sales pitch’. In other words, if you
send out frequent advertisement to your list and little valuable
information you are likely to lose credibility with your
audience. But if you write informative editorials you will build
a sense of reciprocity in your readers that will lead them to
‘support’ you by purchasing your affiliate products.
6. Ask merchants for a higher than normal commission.
If you are very successful with a particular promotion you
should approach the merchant and negotiate a higher percentage
commission for your sales. If the merchant is smart he or she
will likely grant your request rather than lose you. Keep in mind
again that you are a zero-risk investment to the merchant, so
don’t be shy in your requests. Just be reasonable.
7. Learn to write strong Pay Per Click (PPC) ads.
One of the most effective means of advertising online is through
PPC search engines. As an affiliate, you can make a sizeable
income by just managing PPC campaigns on services such as Google
Adwords and Overture. Monitor your campaigns to see which ads are
pulling their weight and trim those that are not.
You can use the ClickBank™ Market Place, for example, and just
choose a hot-selling product and start promoting. Once you are
earning a decent return on your investment then you are in
profit! Just this strategy alone can make all the difference to
your commission checks.
Affiliate marketing is an entrepreneur’s dream come true.
Minimum investment, zero inventory, no employees, no product
development—just BIG checks!
Writer's Resource Box:
Chris Coffman is the publisher of Net Marketing Daily.
Visit http://www.netmarketingdaily.com for internet
marketing news, tips, articles, and much more!
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Stand out from the crowds. Educate your prospects and they will turn to you for more knowledge. When they turn to you for more, they will visit your website. It is up to your website copy to sell your products, NOT your article. Provide great information and at your website, address how the prospect will benefit from what you are offering. Using these things in conjuction will help your cash register to ring.