Creating an Income Stream with Affiliate Programs


Affiliate programs (also called Referral Programs or Partnership Programs) are essentially commission-based sales schemes. You recommend a site to your users and pick up a percentage of any sales those users generate. You benefit from the commission and the site benefits from sales it wouldn't otherwise have made. If you've ever gone to a website and seen links to Amazon, those were affiliate links.

You can run an affiliate program from a site you've already set up, or create a site specially to promote a product or service. As long as it brings in more cash than you spend on building it and buying traffic, you're laughing.

Affiliate ads work two ways: you can join them to make money, or you can run one to attract users.

Joining An Affiliate Program

As with any marketing venture, you need to be careful in the selection of an affiliate program. The benefit of an affiliate program is that it gives you another way to make money from your users. Instead of selling them a product yourself, you send them to a partner and take a cut.

On the downside though, your affiliate ads will take the place of a different ad that you could have put in that same spot. You have to make sure that each advertising position on your site is bringing in the maximum revenue possible. If you're not getting the most from your site, you're tossing money away.

The key to success is to choose the right program, right from the beginning.

Now, a lot of commercial sites run affiliate programs. That's because they know that they only have to pay a commission if a sale is actually made; it's a proven way to generate revenue without risk. What that means for you is that when it comes to choosing an affiliate program, you're going to have a huge range to choose from. What it all boils down to though is product and price.

While it might be tempting to go for the program that pays the highest commissions, the program won't pay you a penny if your users won't go there or won't buy once they get there. You have to be certain that the service you're promoting is of genuine interest to the kind of users you buy, whether you're buying them from search engines or anywhere else.

Sure, you can work backwards: You find a high-paying affiliate program and create a small site to send users to it, but do you know where to buy users for a program like that? You're going to have to research the field, check out the most popular sites, and negotiate banner campaigns and link exchanges.

That's fine if you want to invest the time and the effort. But it's much easier to find an affiliate program operating in a field you're familiar with, and use that program to earn extra cash.

For example, suppose you had set up a dating site. You might make bit of money selling subscriptions, but you might make even more by joining Match.com's affiliate program and selling them your users. Unless you're planning to be the Internet's biggest dating site, you're not going to be able to compete directly and beat them, but you can join them-and earn money.

Or rather than sell your users directly to a 'competitor', you can look for services that complement your own. Visitors to your dating site, for example, might be interested in buying flowers, books on relationships or tickets on singles cruises. Instead of selling just one product-membership subscriptions-you'd be selling a whole range of different goods to the same people, and increasing the sources of your income.

Here are some tips to selecting an affiliate program that is lucrative and right for you:

* Don't accept less than 25% commission. You can find

affiliate programs with great payment structures and high

percentages of the purchase price in just about every

field.

* Look for comprehensive statistics pages that list the

number of click-throughs, sales and earnings so you can

see

how you're doing. The information should be broken down

by month.

* Look for programs that offer a wide variety of

promotional tools to put on your Web page, including text

links, banners and graphics.

* Find out how often you will be paid and make sure that

the payment schedule meets your expectations. Some

programs pay

monthly, others quarterly; which is best for you?

* Look for examples of marketing methods that successful

affiliates are using to get the best results.

* Make sure that top level support is given. If they can't

answer your questions promptly and intelligently, you

don't want to work with them.

Affiliate programs offer a viable solution to competing against larger competitors and still make money. As the saying goes, if you can't beat them, joint them! Until next time...

Best Regards,

Stephen Russell

Stephen Russell hails from Georgia, plays in an up and coming rock band, and creates liveable income streams using internet marketing.


MORE RESOURCES:
The headlines across the media are talking about how much the Trump and Pelosi shutdown is costing. Most of it is true to varying degrees but the words are telling only part of the story. This post also reviews the major economic releases issued this past week - although several scheduled releases were not made -

Tesla 160 TSLA 160 CEO Elon Musk is making headlines once again this morning following his decision to cut 7 of the work staff from his leading electric vehicle manufacturer No specific amount of job cuts were announced but estimates are north of 3000 or 3100 Shares took a hit upon

We re again somewhat light on economic data this morning with new Housing Starts and Building Permits for December going unreported due to the partial U S government shutdown which tomorrow will reach four full weeks and already an all time record Thankfully Q4 earnings season and

With the partial U S government shutdown extending its longest period in history at this time next week should it remain closed it will have been for longer than a full month we do not have updated information on Retail Sales for December shedding some light on 2018 holiday shopping

At long last we finally see our first pre market of the new calendar year with multiple earnings reports from major companies in the S amp P 500 We even get new data on the Producer Price Index PPI this morning as well as Empire State results for January In short we re glad to bring you

Pre market futures are soundly in the red this morning following discouraging trade data out of China Exports which had been expected to come in at 0 6 year over year have fallen instead to 4 4 The pales drastically to the previous read of 5 4 Imports were even worse at 7 6 more

The fourth quarter earnings season is finally here. And one way or another, all of the concerns investors and analysts have had regarding a slowing global economy, impact of the trade war and the effect of rising interest rates on corporate profits will be revealed — if not within the numbers themselves, certainly

There is a general downward trend of economic data. Many are forecasting a recession in 2019. I am not convinced that the downward momentum will lead to an economic contraction. This post also reviews the major economic releases issued this past week - although several scheduled releases including factory orders,

Pre market futures this morning are down again although when we ve woken up to red indexes ahead of the opening bell in past days this week we ve managed to finish in the green each time The markets are currently riding a 5 day winning streak as astutely pointed out by Zacks Exec VP

Welcome to day 20 of the government shutdown over a $5-billion border wall that’s taken the SEC offline and put the future of ready-to-go Initial Public Offerings (IPOs) at risk. As of December 27 th , the SEC had  only 285  of its 4,436 employees working, even though the agency’s electronic system for filing

We re certainly not above tooting our own horn here at Zacks but we try to be somewhat dignified about it when we do and only when it s truly justified Currently we see ourselves with an excellent opportunity to crow about the developing trend in the stock market first spied by Zacks

For newcomers to the stock market, or any financial market for that matter, one of the hardest things to come to terms with is the frequency with which the market reacts to news in a way that seems completely illogical. Sometimes it is just a matter of digging a bit deeper. An earnings report that shows a bottom

“The outlook for the global economy in 2019 has darkened.” That conclusion came from a new  report  from the World Bank, citing a variety of data, including softening international trade and investment, ongoing trade tensions, and financial turmoil in emerging markets over the past year. “Storm clouds are brewing

"Bull markets are born in pessimism, grow on skepticism, mature on optimism and die on euphoria. The time of maximum pessimism is the best time to buy, and the time of maximum optimism is the best time to sell.” The above quote came from John Templeton, who made a name for himself during the height of the great

This morning with no economic reports expected to inform investors with new macro data our pre markets up once again today are turning to public commentary from Fed presidents along with the release of minutes from the Fed s last meeting at which time interest rates rose another 25

Alopa.com ©