The beauty of an Affiliate program is that you can start the day you join. It is an extremely simple way to earn money online. It is, by no means, without any effort. But it offers the best chance at fast income with the least amount of headaches involved.
An affiliate program involves sending someone to a product website to buy something or sign up for something, and you are paid a commission when they make a purchase.
An affiliate program is basically a revenue sharing arrangement set up by a company that handles the product distribution and commission payments to "publishers" (website owners who advertise the products - in other words, people like you), and send the remainder off to the product owner (the product owner's profit).
All you have to do is promote the website. You do not have to worry about building a website, maintaining the website, creating a product, paying for website hosting, hiring people to help you with the things you are not able to do on the site, keeping up with domain names, handling support issues, taking orders, or shipping orders. The Affiliate Program does all of that, you just send people to the sales page. You just concentrate on marketing. The headaches belong to the product owner and the Affiliate Program owner.
How can I increase my income from an Affiliate program?
Make sure you send more people to the product page, and make an effort to entice more of them to purchase by making the product seem more appealing, and you will increase your income. Affiliate marketing is pretty much a "numbers game" in a way. How? If you send 100 visitors to the website, and 1% buys, you have sold one item. If, however, you send 1000 visitors to a site and 5% buy, you have sold 50 items. Increase your traffic to the site, and you increase sales that result in income.
Now, before we get into which Affiliate Programs to join, let me say this just once, so listen up!
Start with just one affiliate program and learn all you can about it; how it works, how to use it properly, what the restrictions are to get paid, and how you are allowed to promote the products they offer.
Do not join half-a-dozen Affiliate Programs and spread yourself too thin. It takes time and effort to promote just one, and trying to promote multiple programs, especially if you are just starting out, will actually cost you some income.
I speak from experience because I made that mistake myself in my early years (over 20 years ago now), and it drastically reduced my income potential. Had I just focused on one or two to start with, I would have been making a seven figure income by now.
A Word About Income:
Many of the so-called "Gurus" online state their income before expenses, which greatly inflates their numbers. Many of them, after taking out expenses, make far less than they state in their promotions. Some of their advertising expenses can be in the thousands of dollars per day. Never take those numbers they state in their promotions as pure profit. To do so will only serve to make you feel inadequate, when, in fact, you are doing better than you think.
I will never do that. I will never give anyone the idea that they will become millionaires over night like some do. You CAN, however, make a very impressive income that will replace, and, in most cases, surpass what you make on your current J.O.B (which translate to "Just Over Broke").
How do I choose the Best Affiliate Programs?
When choosing an Affiliate Program, look at the products they offer for you to promote. Are they a good product? The best way to know for sure is to purchase the item yourself to see if it delivers what the sales page states. Barring that, you may want to do a search for the name of the product and read the forum reviews you find. Be careful, if the item is not listed on a forum, you may have found a niche site set up to look like a "product review" when it is mainly a site that wants you to buy the product. Of course, such a site will praise the product no matter what it really offers. That is why I said "Forum reviews".
Do not jump on a product that has just come out thinking it will sell. You could end up losing credibility if the product does not deliver what is promised on the sales page. Your reputation online is extremely important. Don't lose out by promoting bad products. If you do purchase the product, first, try asking a question in their support links. I have had the sad lesson of posting a question to support in a program that stated they answered all support questions within 48 hours. At last count, it was a month and a half with no answer. At that point, I quit promoting the product. My reputation online is too important to me to have this kind of product problems attached to it.
Be sure you find products that you have some area of expertise in. Don't promote products about how to fix cars if you know nothing about them. If you like to go camping, promote a product about that. It gives you a better ability to create better promotions for the product if you know something about the subject. Your promotions will sound much more credible.
Remember, the people searching for that product has some knowledge of it in the first place. If you come across as lacking knowledge of the subject, they will not trust you and they will go elsewhere to buy.
Be Sure It Is Worth Your Time and Effort
Join programs that offer at least 45% to 75% commissions or better, unless the item sells for a high dollar amount. Promote the products that will give you a commission of at least $25 or more for it to be worth your time and effort. Marketing takes time and/or money, and you need to concentrate your efforts where you will gain the highest return on what you are investing in it. Just remember, it takes the same amount of time and effort to promote a $10 product as it does to promote a $100 product. Yes, you will get a higher number of sales from the cheaper product, but not enough to make up the percentage of sales per visitor or the income you could have made with the higher dollar product. Again, just be sure the product is worth the dollar amount, or you will not sell a single thing. If you promote a product for three months and get less than 2% sales, drop it and move on.
Promote Once - Get Recurring Commissions!
A program that offers a recurring income as well as a one time income per sale is probably the better choice. Why? Simple. Do the math. If you promote a product once, you get paid once. If you promote a product that has a recurring membership fee, for instance, you will be paid monthly for the one time effort of gaining the sign-up. Not bad! If you earn just $5 per month from the recurring fee, that is $60 per year. Now, multiply that by just 100 customers, and you get the idea! That is $6,000 income for the year. That can make your car payment, or more, right?
One Tier or More - How Important Is It?
Don't worry about whether you can build a "downline" in an affiliate program. Chances are, (and I speak from experience) your downline most likely will not work as hard as you do to promote the program. Go into the program with the attitude that you will earn the lion's share of income from your own efforts. Any downline that does earn you some bonuses is just "gravy" that is a pleasant surprise. One tier Affiliate Programs are as good, or better than those with two or multiple tiers.
What are the Best Methods of Getting Traffic?
Creating Niche Sites that are topic based can grab free traffic from the search engines. In other words, the pages will have search terms throughout that reflect relevant information about the product itself, or similar products, with a link to the item you are trying to promote. This kind of niche site does two extremely important things. 1. Helps rank high in the search engines, which, in turn, increases traffic. 2. The product can be sold right on the page using a text link, or redirect to the product sales page.
Important Guidelines That Increase Traffic:
These methods work best if you have the ability to create your own websites. Affiliate programs, as such, by their very nature do not require your own website, but these methods will increase free traffic to your promotions. After all, Free is "gravy" because it doesn't cost you in time or money. If you don't have your own site, you can still make a considerable amount of money online. At least it is a start. The best way to get started with "niche" marketing with your own website without having to know anything about html or other website building skills, there is a program that I have used extensively with a great deal of success. There are tutorials every step of the way. To give this a serious look, go to ProfitMart. You will have niche sites connected to many products from ClickBank, Amazon, and more with very little effort compared to starting all on your own. My only word of warning here is - If you hate cPanel, do not use ProfitMart. They changed from a wysiwyg editor to cPanel and you had better know how to use it. Their tutorials are lacking I feel.
1. Your own domain names to promote your affiliate programs
This method works extremely well if your domain name includes one or more of the terms in your product name. The search engines love it and you can get a lot of free traffic to your site this way.
2. Web hosting that doesn't use 3rd party ads - keep your credibility!
Most free web hosting companies put third party ads on the site in one or more places to help pay for the bandwidth used by your site. For that reason, it is best to find hosting that doesn't use third party ads. This usually means finding paid hosting. More expensive hosting does not necessarily mean better features. Do your research.
3. Use Banners at the top of your site.
Banners are an additional method of advertising, but statistics show that they are not a major source of commissions. Still, you can get some income from them on occasion and it is not hard to set up just once and let it rotate.
4. Personal recommendations of products with a text link
This method has been proven to be one of the best ways to get income from your own website. If the content of the page has relevant information, or innumerate the features and benefits of the product in a clear, appealing way, and you finish with text links within the content, you are more likely to get a sale than with any other method.
5. Classified ads
Placing text that looks like a classified ad on your site for a similar product, along with a text link to that product can increase your sales by promoting a second, related product.
6. eZine ad or special offer
A highlighted special offer or eZine promotional ad on your website can help in many ways. One that immediately comes to mind is to offer an eZine subscription with a free gift. How does this help? You can use an autoresponder lead capture form here and you now have built a "List" for yourself of eZine subscribers. Just be sure you do have an eZine that is relevant to the subject, and that it offers more than just ads or your subscribers will very quickly "unsubscribe".