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Thursday, 22 May 2008
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The key to success is choosing the right program from the start and this may take some research on your behalf.
What is an affiliate?
The affiliate marketer acts as the "middleman" between the merchant and consumer. This benefits the consumer because no extra costs are passed down from the merchant.
It's also good for the affiliate because no inventory is kept and there is no marking up or reselling involved. It becomes a win-win for everyone.
The affiliate’s only task is educating and directing the consumer to the merchant's product. For that effort, the affiliate receives a percentage on the sale of each product purchased.
If the affiliate is on top of his game, he can reap a full-time income by marketing a variety of products they don't own.
There is no product creation, shipping headaches, or customer complaints to deal with. Merchants are able to get their product in front of thousands of potential buyers without paying the big advertising bucks.
For the affiliate, finding a target market is top priority.
What products do you know the most about, and which do you think you could do the best job of selling and promoting?
The next step is to select the merchants you wish to work with and analyze their affiliate programs.
You'll also need to know if you're going to be paid monthly, bi-monthly, or weekly.
Be sure to check if there is a quota that must be met before you can be paid.
Also, make sure you know the method of payment up front.
Some merchants choose to pay by cheque, direct deposit, or Paypal.
Knowing how the compensation arrives can motivate many affiliate marketers to step up their marketing efforts tremendously.
What Affiliate products to choose?
You'll be investing your own time and money into advertising and other expenses.
The programs you seek should reward the affiliates well for the effort spent.
This means seeking out companies that have high-volume products that you can promote. Look for a commission in the fifty to sixty percent range.
Do your research on the company:
- Is the company managed well?
- Is the company reputable?
- Is there a knowledgeable representative who can offer training and timely advice?
- How quickly do they respond to your inquiries?
If the company is lacking in any of these areas, this could be a sign for you to move on to another venue.
Think smart and master the business of affiliate marketing.
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