9 Steps to Choosing an Affiliate Program
Ask questions initially before you join an affiliate program. Do some research regarding the choices of program that you intend to join. Acquire some answers because they are going to be the deciding point of what you may be achieving. later on.
Ask questions at the outset before you join an affiliate program. Do some research regarding the choices of program that you propose to join. Acquire some answers because they are going to be the deciding factor of what you may be accomplishing later on.
1. Will it impact you financially to join? As a rule affiliate programs being presented at the moment are absolutely free of charge. So why settle for affiliate programs that cost money to join.
2. When are earnings checks given Every program is unique. Some distribute checks once per month, each quarter, and so on. Select the one which is appropriate to your payment timetable. Many affiliate programs set a minimum earned commission amount that the affiliate has to meet or exceed in order for checks to be issued.
3. What is the hit per sale ratio? It is the average number of hits to a banner or text link it takes to produce a purchase according to all affiliate data. This factor is extremely significant because this can tell you the amount of visitors you must produce before you can make a commission from the sale.
4. How are referrals from an affiliate’s website tracked and, how long do they remain within the system? You should be confident the program will track visitors you refer. This really is the only way you get credit for a sale. The period of time that individuals stay in the system is also significant.
This is because some site visitors will not pay money for initially however may want to return later to make the purchase. Discover if you still get credit for the sale if it is done at a later date by a returning purchaser.
5. What are the kinds of affiliate statistics available? Your choice of affiliate program ought to be effective at offering detailed stats. They must be available on the internet anytime you choose to check them. Regularly checking your particular stats is important to recognize how many impressions, hits and sales that are being created from your website. Impressions are the number of times the banner or text link was viewed by a visitor, A Hit is a click on the banner or text links.
6. Does the affiliate program also pay for the hits and impressions in addition to the commissions on sales? It is important that impressions and hits are also paid, as this can help to increase the revenue you receive from your sales. This is especially
important if the program you're in offers low sales to hit ratio.
7. Who's the online retailer? Determine who you do business with to understand whether it is a concrete business. Be acquainted with the products they sell and the typical amount they're earning. The greater you know about the merchant offering the affiliate program, the easier it will be so that you can know if that program is really for you and your website.
8. Is the affiliate a one tier or two tier program? A single tier program pays you just for the sales you have produced. A two tier program pays you for the business, as well as it pays you a commission on the product sales generated by every affiliate you sponsor as part of your program. Some two-tier programs are even paying out small fees on every new affiliates you recruit. Similar to a recruitment fee.
9. Finally, what's the amount of commission paid? 5% - 20% will be the commission paid by the majority of programs. .01% - .05% is the amount paid for each hit. If you find a program that also pays for impressions, the amount will not be much at all. As you are able to see with the figures, you'll understand why the average sales amount and hit to sale ratio is significant.
These are just a few of the questions that need answering before you enter into an affiliate program. You need to be informed about the many key aspects that your selected program should have before incorporating them into your website. Make an effort to ask your affiliate program alternatives these questions. They will help you choose the correct program for you.
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ABOUT THE AUTHOR
Doug Chaffin is an experienced Affiliate Marketer and Marketing Consultant. He has created a substantial income stream with affiliate marketing for the past several years. If you would like to learn how to create your own 6 or 7 figure Online Affiliate Marketing Business, visit http://secretaffiliatereview.com