This interesting article addresses some of the key issues regarding affiliate programs. A careful reading of this material could make a big difference in how you think about choosing the ideal affiliate program!
These days, there are tons of affiliate programs on the internet, which make it a pretty difficult task just to select the right one for you! This article will discuss specific methods you can implement, to select the ideal affiliate program.
First off, it’s always better if you perform some sort of background research on the website and its owners, before totally committing yourself to promoting their products. Next, check if they charge you a sign up fee when you join their affiliate programs. Many affiliate programs being advertised on the Web today are free of charge. Why then go for those that charge you a fee for affiliate membership? Unless of course, the products you intend promoting are very *rare* and *unique*, there’s no reason why you should not sign up with a free affiliate program!
It’s always good to have first-hand info on the products you’re promoting. Why not first purchase it yourself, to gain in-depth knowledge of how it really works. If you know the product ‘inside out’, you’re likely to feel comfortable and confident selling it!
Yet another point to keep in mind is the hit per sale ratio. Basically, it is the average number of hits a banner or text link has to generate, to obtain a sale based on all affiliate statistics. This factor is vital, as it’ll give you a rough estimate of the amount of traffic you’ll need to attract, before you can earn a commission from the sale.
Ok, what kinds of affiliate stats are available? The affiliate program you’ve selected should be able to produce detailed and accurate statistics. Plus, it should also be available online any time you need to review it.
Also, is the affiliate program one tier or two tier? A single tier program pays you only for the business you *yourself* have gained. A two tier program, on the other hand, pays you this, in addition to a specified commission on the sales generated by affiliates you sponsor.
What do you think of the compensation plan? You may or may not know this, but 5% – 20% is the commission offered by most affiliate programs. You do get instances though, where companies are willing to pay you an awesome 75% of the sales generated!
Also, you may want to find out when they issue commission checks. Remember, every affiliate program differs from the other, and have various payment structures. And while some issue checks every month, others do so every quarter, or maybe even fortnightly. So go for one that you feel would best suit your payment time choice.
Knowing enough about affiliate programs to make solid, informed choices, cuts down on the fear factor. If you apply what you’ve just learned about affiliate programs, you should have nothing to worry about.
All right, that’s a wrap! Hopefully, you found this article useful, and learned something from it!