Are Your Affiliate Programs Eating Away Your Money And Time
So many times I have heard this. So many examples I do remember. People have left the internet business after being disappointed with their so called affiliate programs.
An affiliate program is an excellent way to earn money especially in the beginning. I said beginning because at that time one does not understand the market and is too naÔve to bring his own product out in right way.
Affiliate programs fill that gap nicely. You have got a ready-made product and a ready-made webpage too (though you can develop your own and you should be doing that). There is only one aspect left to make that money.
But you need to choose your affiliate program carefully.
An affiliate program should be free to join. You should be cautious of the programs that will charge you upfront to be able to become their affiliates. Sometimes you buy a product and get affiliate status as bonus. That is acceptable. But a good affiliate program should not charge you a membership fee monthly or yearly whatever the case may be.
There are some programs which charge you a monthly fee for becoming a member and you are expected to recruit more for getting a commission. These are not affiliate programs but MLM programs.
Be cautious when you join such programs. They do not offer a good product to sell. The only thing that you have to sell is the membership. Such programs may eat up a lot of your money before you realize their worthlessness. In such programs you sell a membership and your recruit is expected to sell the same in return.
This kind of sale is not only hard to accomplish but also associated with high attrition. That means the rate of members dropping out is very high.
Also you should get a good commission. Check the percentage offered. Good programs offer 50-60% commissions. Though high priced products seem quite lucrative due to apparent volume of money in commission but selling a high priced product may not be that easy task too. It is because the market for those may not be that large. So you need to select your product carefully.
One very important factor that is often ignored is your aptitude for the particular product. Select a product that you can associate your interests with. For example if you like gardening then a product that caters the gardening needs will be easier to sell than a selling a real estate product.
Because in sales first of all you need to be convinced about the usability and benefits of the product before you attempt to sell it. If the product is around the area of your interest you can easily identify the beneficial aspects. Then you will find it easier to convince your potential customers.
Study the market and demand for that product.
If the demand is high the sales are easier. To study the demand go to Overture or Google and look for the search made around the keywords of your product. It will give you a fair idea about the demand.
Plan your market strategies beforehand.
It is better if you make your own website instead of promoting the copy of the original page laced with your link. Having your own website gives you a unique identification and professional look. The other advantage is that you can promote multiple products on the same page rather than promoting different pages separately.
Web hosting is quite cheap now a days and webpage can be easily built in front page.
Try and give your full efforts into promoting what you have got. Affiliate programs are good way to learn the market tactics. Learn and try them best to your abilities.
Stick with the product you have chosen instead of jumping to the new offer of some other product. New products are being released everyday but being new does not mean that it is better and easier to sell.
Analyze regularly. Test regularly and keep working.
Your commission graph would definitely rise.
Wish you success.
Copyright 2005 Arun Pal Singh
Author is a doctor, marketer, and writer. Visit his website www.homeforprofits.com">http://www.homeforprofits.com to know more about success in online business. To avail his free Income Course, send an e-mail to email@example.com with subject 'subscribe'.
iStock photo If the last couple of months has taught us anything, it is that, in the words of the Bard, one swallow doth not a summer make. There have been many days when stocks have opened significantly higher, bringing hope that we have turned the corner, only to plummet again the next day, or even later in
We see the other shoe drop this morning on one of the most important domestic inflation metrics there is the 160 Consumer Price Index CPI the flip side to the Producer Price Index PPI released yesterday before the opening bell The CPI for November was unchanged from the previous month
Twin economic reads from this morning and next are among the highest weighted indicators of U S economic inflation the 160 Producer Price Index PPI 160 released ahead of today s opening bell and tomorrow s Consumer Price Index CPI Both sets of figures arrive before next week s
Shutterstock photo After over thirty years in and around financial markets, I feel that I have seen most things. I am certainly no stranger to volatility, having spent nearly twenty of those years in interbank forex dealing rooms around the world. Even so, this year feels unusual. The two bouts of chaos in the
By Avi Gilburt, ElliottWaveTrader.net This past week was quite interesting, as well as volatile. On Monday, we had a huge gap up right into the initial resistance region we had on our charts in the 2810-15SPX region. In fact, the futures struck a high of 2813ES, and then turned down. Well, when the trading day
We start a new week of trading waking up to lower market closes across the Pacific with Asian indexes like the Nikkei in Japan 2 and Hong Kong 1 2 This came on the heels of big drops in Chinese imports and exports which fell precipitously from the month of October to November
US Census says manufacturing new orders declined in October. On the other hand, the Federal Reserve says Industrial Production subindex manufacturing improved in October - but the year-over-year rate of growth slowed. Part of the difference between US Census and the Federal Reserve's views on manufacturing:
Fresh economic data in the form of new 160 non farm payroll numbers 160 for November have been released this morning by the Bureau of Labor Statistics BLS and the results have swung pre market futures into the green This is interesting considering the headline number of 155K new jobs
If you have a set of specific set of skills, look no further than the Midwest for your next job. With lower unemployment and higher job-opening rates that the rest of the country, the Midwest now finds itself in a situation in which it significantly lacks skilled workers. Although the economy in nine Midwestern and
Over the last few days, there has been some talk about an ominous sounding technical chart pattern that has looked imminent for a while, and if the S&P 500 closes anywhere close to the levels indicated by futures this morning, will be achieved today. This thing is known as a ‚Äúdeath cross,‚ÄĚ which, admittedly, sounds
New private sector 160 ADP 160 ADP 160 payroll numbers 160 for November have come out this morning one day before non farm payroll results from the BLS government survey will be released and for the first time in recent memory these figures have come up a bit short of
The oil market is understandably in a state of suspense this week, eagerly fixated on the events unfolding in Vienna. But regardless of what happens, the market is in for a potentially rough ride as we head into 2019, with a series of economic headwinds threatening demand. The S&P 500 is set to peak, corporate
By Avi Gilburt, ElliottWaveTrader.net Recently, one of my members of¬† Elliottwavetrader ¬†was in attendance at the 32 nd ¬†Economic Outlook Symposium hosted by the Federal Reserve Bank of Chicago. On the first day, he sat in a room with 150 economists. When asked how many see a recession in 2019, all of two hands
Shutterstock photo So you think you're having good times With the boy that you just met Kicking sand from beach to beach Your clothes are soaking wet But if you look around and see A shadow on the run (on the run) Don't be too upset because it's just a paper sun - Traffic, Paper Sun Paper Sun was the
As Wall Street keeps its doors closed today in remembrance of George H W Bush the U S s 41st president and father of George W Bush the 43rd Tributes abound as market activity ceases for the day including a planned speech by Fed Chair Jerome Powell this afternoon which has been cancelled