Can You Succeed Marketing An Affiliate Based Program?
Internet Marketing can be an enjoyable and profitable experience, but it can also be very frustrating, time consuming, money draining and anti social.
So why do we keep putting ourselves through all this pain?
Well, I'm sure that for everyone there is a different answer depending on your driving force, but for me it's the thought that one day I'll succeed and make a tidy income. God knows how many 'Get Rich' schemes are out there but experience has taught me that 95% of them are simply schemes for making the owner rich and not the affiliate. On the plus side, they do teach you the pitfalls of Internet Marketing and hopefully move you that little further down the line towards your ultimate goal.
You may think that this article is simply a moan about the chaos which is 'Internet Marketing' but I assure you that's not the case. My aim is to pass on the good and bad of this type of venture and to hope that I can help someone to avoid the many obstacles and reach there goal reasonable unscathed.
Can you make money from a program which doesn't sell a tangible product?
Time and time again you'll see these type of programs - They'll say pay $5 as a one off payment and we'll give you thousands in return. The word that comes to mind is 'Pyramid'. Logic tells you that $5 can never become $1,000 without you sponsoring thousands of people and then they've got to sponsor thousands of people and so on. At some point you run out of people and the system fails. You loose your money but the owner makes a tidy sum. Maybe the answer is to invent your own 'Get Rich' scheme but then, how do these people sleep at night?
Personally, these schemes should be outlawed because all they do is serve to undermine the ethics of Internet Marketing.
So, can you make money from these types of programs - My experience tells me 'No'
Should you avoid them?
Most certainly 'Yes'
What about programs where you pay a monthly fee but again there isn't a product?
These are very much the affiliate based programs and do have some merits. They tend to offer the same, old same old, free resource tools, safe lists to join and a type of ad co-op guaranteeing leads and/or sign-ups. Of course, the tools are usually obsolete in today's market, the safe lists are more geared towards the owner making an advantage by you joining using their affiliate ID and the guaranteed leads are too old to be of any use. I'm sorry for being a cynic but I'm sure there are people out there who are reading this article and nodding there head because they've been there.
On the plus side these programs do have a sustainable growth because of the monthly income and so getting personally sponsored affiliates can recoup your loses over time. The problem however, is that people tend to be reticent to join because of the fees and then become despondent when they struggle to get affiliates for themselves. Most of the programs offer free membership and 'Yes' you will get tens to hundreds of people joining the free program but the ratio from free to paid is very poor.
People enter these programs believing, that by simply joining, they will be given thousands of Dollars for doing zilch! Like I said these programs do have there merits and if you stick in and spend loads of your money on advertising, hours of your time promoting to rotators and safe lists then you may come out the other side breaking even or with a small profit. Don't get me wrong I still have some involvement with these types of programs - Why? - Because I believe the hype that I can be the one success story and come out the other side, a rich man!
What about the programs where you pay a monthly fee and promote a product?
If the product is unique in some way, affordable to the masses, useable and needed and you can get in on the ground floor then you could be onto a winner. In my experience, it's the product which brings in the serious marketer not the affiliate program. Think back to the early days of mobile phones, when they use to be very bulky and expensive and people were saying "They'll never catch on"
However, the marketer with vision saw the mass potential and stuck in. Oh how I wish I'd been in this game then because now I wouldn't be here typing this article, I'd be on a beach somewhere and my secretary would be typing this article. There are other types of product based affiliate programs out there which will also give you a chance for success, but finding it is like crawling through a minefield. Don't simply sign up because it's free membership or the site looks professional, read all the pages and understand the ethics of the owner. Consider the product(s) on offer and think about your target audience. The product(s) should be affordable, useable, sellable, exciting and hopefully unique in its market.
The affiliate program should be affordable and sustainable. Look at the Compensation plan and consider how feasible it will be for you and your potential team, to reach the profit line. Some plans may look impressive but sometimes they dazzle you with big Dollars. Look at the amount of paid sign-ups required together with the percentages paid and compare this to the cost of the program and the cost of advertising needed to reach those required sign-ups. Work out how long it will take you to break even, for instance, if the cost of the program is $20 a month and you spend $20 a month on advertising you may get 1 or 2 sign-ups a month. If the comp plan pays you $5 a sign-up you'll need 8 sign-ups to break even but it may take you 4 to 8 months to get to that point. So it could cost you between $160 and $320 to get there.
Do your sums or you may never really break even?
You should look at the make-up of the down line and how it fits in with the matrix/comp plan. Some down lines have legs, in that you build so far down and then the line splits off and begins again. This usually happens when you reach another level in the comp plan, but the resulting effect can make it hard to progress to the next level. Some have a straight down line so everyone who joins will be in your line. This can be misleading in that you believe that it's your sign-up and you've earned money.
However, it does allow you to assess the popularity of the program and help you decide if you should continue.
Now Image you've come across an affiliate site (Not hard to do with today's Internet) Ask yourself the following questions:-
Does the site look impressive?
Does it make you want to read on?
Does it have a product that excites you?
Could you use the product?
Could you sell the product?
Would you buy the product?
Is the product affordable?
Do I get the product as part of the affiliate program?
Can I afford the monthly payment?
Do they have a worthwhile Compensation Plan?
Do they have a matrix or a straight down line?
How quickly will I break even?
Can I make a profit?
SO CAN YOU SUCCEED BY MARKETING AN AFFILIATE BASED PROGRAM?
Find today's 'Mobile Phone' with an affordable affiliate program, offering you a good compensation plan, workable matrix and responsive down line and the answer is undoubtedly
Thanks for reading my article. If you want to subscribe to my newsletter then go to www.profitmashine.com/biztipspop.html" target="_new">http://www.profitmashine.com/biztipspop.html
About The Author
Ian Bosworth has over 2 years experience in Internet marketing and has put all his ideas and knowhow into his website and newsletter at www.profitmashine.com" target="_new">http://www.profitmashine.com
This morning we see three key reports of economic data for investors to mull over Major U S indexes now have their eyes on a possible ninth straight week of closing in the green but based on more speculation and hopefulness than actual statistics Being Thursday we have new weekly
We remain lacking on normal economic data ahead of today s opening bell not only because Q4 earnings season s deluge has dwindled but because the overhangs of the 5 week government shutdown has continued delays in data such as the January Housing Starts and Building Permits that had
To kick off a shortened week due to Presidents Day Monday we see a much lighter calendar both in economic data and Q4 earnings releases Aside from a report on the February Home Builders Index due after the opening bell and a few key earnings reports so far this morning we re notably
As I have pointed out on many occasions in the last few months, the big move down in stocks at the end of last year wasn’t about anything that actually happened. While Q4 wasn’t exactly a barnburner, it wasn’t a disaster either. Job growth remained strong, wages were starting to pick up as a result and, most
The market surged on Friday, driven by renewed optimism that when the March 1 deadline comes around, the U.S. and China would have already shaken hands on a trade truce. Tariff-related rhetoric and thoughts of an economic slowdown had become a restraint, particularly amid the recent market rebound. Was it a “head
Data collection is no justification for increasing investor
Retail sales for December 2018 showed consumers backed away from the spending trough. Is this a precursor for things to come? Retail sales release for December was delayed due to the government shutdown. To understand graphically how bad the headline data was for retail sales, the graph below adjusts the
Import and Export Prices 160 for the month of January have been released ahead of this morning s opening bell with results much as we ve seen with recent economic metrics coming up short of estimates Import Prices month over month hit 0 5 lower than the 0 3 expected
Gold prices have been down ever since the precious metal hit all-time highs of nearly $1,900/oz eight years ago. That’s quite a long time, and a nice rally appears overdue. Well, one Wall Street punter thinks that time is just right to purchase the commodity. Bernstein says investors should look at gold and gold
Futures have swung to negative levels following three main economic metrics hitting the tape before Thursday s opening bell Happy Valentine s Day BTW everybody Perhaps early traders are still trying to digest what these figures mean and none are cataclysmic though all are worse
Adobe stock A new study has found that a horrifying 530,000 families turn to bankruptcy each year due to medical bills they can’t pay. In the end, it’s easier to declare bankruptcy than to allow oneself to drown in medical expenses. That’s how you know when a country is broken. According to researchers of a
The American political discourse has changed since the 2018 midterm election. Enthusiasm and passion were to be found on the left-wing of the Democratic Party. A new sense of hope and mission replaced the defeatism and cynicism seen in 2016. Some identified with democratic socialism, but in the political rhetoric the
Pre market futures are again trading up today as expectations continue to be favorable for two things that have yet to be officially resolved the U S China trade war where an increase on the current 10 tariffs on Chinese goods is scheduled to increase to 25 March 1st and a budget
Following an optimistic start to the year and the best January ever for oil prices, hedge funds and other money managers began the month of February more cautiously as fears about global economic growth outweighed (again) OPEC’s cuts and U.S. sanctions on Venezuela and Iran. In the latest reporting week to
Chinese President Xi Jinping hatched " Made in China 2025”, it didn’t go down well with many world leader, especially in Western economies. And now Germany has proposed an equally abrasive push. Germany’s economic affairs minister, Peter Altmaier, has launched an ambitious and somewhat controversial industrial