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Affiliate programs have become very popular because of their
potential to generate substantial, and even lavish, income in a
relatively short period with little investment cost.
Their fame
has become so big that they are being credited as one of the
main reasons for the resurrection of the online business
community after the dotcom bubble burst.
But what are affiliate programs? Simply put, affiliate programs,
or associate programs as they are called in some circles, are
web merchants who pay other websites a commission for either of
two things or both:
When the affiliate website generate traffic for the web merchant;
B. When the affiliate website helps sell a product offered by
the web merchant.
Now, why is such a set-up with affiliate programs a lucrative
option? Well, first, all you really need is an online presence,
i.e. a website, and some selling skills. You don?t have to pay
anything at all. Second, there is no limit as to how many
affiliate programs you could join, and there is definitely no
maximum cap for how much you could earn. Third, when everything
is set, a semi-automated process will be in place that would
allow you to potentially earn even if you?re busy with other
things.
But despite all these favorable things that can be said about
affiliate programs, not that many people have decided to take
the plunge. Their hesitation most probably stem from the
customary notion that nothing enormously profitable can be
gained with little work. Also, they may be of the belief that
affiliated programs are too complicated to understand.
They?re wrong on both counts, and you could use this to your
advantage by joining affiliate programs while the industry isn?t
that saturated yet. Hereunder is an overview on how to start a
relationship with an affiliate program, and how to make the most
out of it. It is presented a la a cookbook recipe to let you
know how easy it is to master.
THE 20 MINUTE AFFILIATE PROGRAM RECIPE
INGREDIENTS:
1 or more web merchants who offer good commission schemes 1 or
more sellable products 1 or more websites where you could
promote your affiliates 1 web builder program (i.e. Frontpage,
Dreamweaver, or even MS Word) 1 payment method plan (i.e.
Paypal, Stormpay, etc.) some writing skills
OPTIONAL SEASONINGS
1 software that could convert files to .pdf format 1 or more
membership in online forums
DIRECTIONS: Find a good and reliable web merchant who offers
products you are impressed with. Remember, you cannot sell, or
re-sell to be more exact, a product you don?t believe in. You
also have to consider if the said goods are sellable. You could
determine this by conducting some research on the target market.
Here?s a tip though: anything is marketable on the web, if you
have the time, the patience, and the willingness to seek out
potential customers.
Once you have chosen a web merchant, you have to study the terms
of the affiliate program he offers. Important things to consider
are the modes of payment and the commission percentage. Make
sure that the web merchant would be able to pay you through the
payment method you have availed of. The commission scheme must
likewise be favorable to you. Here?s another tip: for sales, do
not settle for less than 20% commission.
If all is to your satisfaction, sign up.
You will then be given a link that, when clicked pursuant to a
sale or a hit, would inform your web merchant?s system that you
are eligible for a commission. Do not lose this link, as it
would be your bread and butter for affiliate programs.
Now, all you have to do is to strategically place this link on
your website. Additionally, you must make a sales pitch to your
visitors so that they?ll consider clicking on the said link.
This can be done by discussing something noteworthy, say for
example, a how-to guide on recovering lost data, and in the body
of your article, you could suggest your readers to try a certain
product like a backup system, whose link is provided therein.
Also, you could make a sales page, which is basically a page
dedicated to the product you?re trying to resell, and which can
be accessed from your site.
As an added option, you could also make your own e-book and
distribute it for free. The e-book itself should tackle
something important, but should contain suggestions about the
use of the product you?re reselling, with the appropriate link
that would garner for you your commission. Also, you could join
online forums that are dedicated to the market that the product
would be perfect for. Include your link in your signature. This
would expose it to the people who would view the threads you
participated in.
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