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What To Look For In An Affiliate Partner
Affiliate websites are one of the fastest
growing wings of e-commerce. You can literally find
thousands of affiliate partnerships to choose from. This
is both good and bad news. The good news is that there are
great affiliate deals to be found online that haven't yet
been over-saturated by partnerships. The bad news is that
there are affiliate partners out there that you shouldn't
touch with a virtual ten-foot pole.
There are a number of steps you should take before signing
up with an affiliate partner. First, you should read the
affiliates terms and conditions. Too often, budding marketers
skip over an affiliates terms. An affiliate partner may not
allow for Google Adwords or other marketing avenues so make
sure this is not explicitly laid out in the affiliates terms
and conditions. If there are no terms of service, this should
be a warning in itself. A reputable affiliate will normally
have terms of service.
Payment is obviously a huge one. Make sure the affiliate has
reasonable terms. Some affiliates, such as Amazon, only pay out
after a set number of sales—you do not make a dime on the
first, second, or even tenth sale. Other affiliates will pay
out for each sale. The flip side is that an affiliate with a
sales minimum may also have a better percentage payout. The
best-case scenario is to find an affiliate partner that pays
out for every sale and offers a good percentage.
This will be all for naught if the affiliate does not pay
out in a timely manner. Try and not learn from experience, in
other words, don't get burned. Instead, learn from other
people's experience. Go to affiliate marketing forums to see if
a particular affiliate has a good or bad reputation. The
trouble here is that a new affiliate might not have a marketer
base yet, and these affiliates usually offer the most
attractive terms in order to bring affiliates in. Use some
common sense—if the affiliate's site is well designed and they
offer a good and useful product, you could try and test the
waters.
On that front, it is sometimes a good idea to find an
affiliate partner that is not overly saturated. If you offer a
service that can't be found on every other web page, it can
lead to a better sales rate. However, once again there's a flip
side: if it's a virtually unknown site, it's harder to build up
buyer's trust, as compared to well-known affiliate programs
like Amazon or the Discover card. A lot of the onus falls on
you—if your site is well designed and well managed, buyers will
trust your affiliate links.
How To Make Money With Affiliate Programs
Affiliate programs can either be a way to put a little extra
cash in your pocket or, hopefully, become a full time job.
However, it's not like you can put up a bunch of affiliate
links and expect to start making a mint. If you want to make a
full time job's worth of money off affiliate marketing, you
have to work at it full time. The great thing about affiliate
marketing is that it works 24/7—but this doesn't mean you
should also put in several hours a day of your own time.
The affiliate marketers who have had the most outstanding
success are normally those who have more than one site working
at once. It's much harder to make a decent amount of money if
you have one affiliate site at a time. Experienced affiliate
marketers will have a number of different sites running at
once, all with different types of affiliate links. What this
means is that each affiliate site will need separate SEO: new
content in the form of blogs, forums, articles, and other
techniques.
A key to a successful affiliate marketing program is to make
the affiliate site a useful resource. Just posting a bunch of
links is not going to impress many web surfers. They'll leave
and likely never come back. The trick to any web business is to
keep people on site—this is true for the affiliate partner and
it's true for affiliate marketers. An affiliate site shouldn't
necessarily scream, "affiliate site." Instead, it can be a
trusted resource on a particular topic.
Useful content is the best way to make this possible. Take a
site that has a number of links to sports-related businesses
(apparel, equipment, tickets, books, etc.). The affiliate
marketer can then set up a forum that talks about different
sports teams, strategy, and so on—potentially, this forum could
bring in sports fans from across the country. Blogging is
another great medium for affiliate marketing. On the same site,
the blogger could write reviews of new equipment or write in
depth trade talk about a variety of sports. These are just a
few ideas but they show how affiliate marketing can—and
should—be a serious, long-term proposition.
What it comes down to is that affiliate marketing is no
different than running the host site. Both are about running a
business, even if an affiliate marketer has no direct product
or service to sell. An affiliate marketer should set up a site
that is useful and informative—a destination that people will
come back to again and again. In some cases, an affiliate site
might even be more informative than the partner's website.
Only until these issues are covered can an affiliate
marketer hope to make a good amount of money with affiliate
marketing. Sure, you could put up links and hope for the best,
but you should think about investing some time into the site if
you really hope to turn a respectable profit.
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