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What You Should Know About Failure and Success in Affiliate Programs

hendri — Mon, 29 Jun 2009 16:15:21 +0000

Who would have thought that revenue sharing would be so lucrative? Two decades ago, the thought of sharing sales through commissions was only restricted to traditional trade. These days, however, this concept rules one of the largest industries to ever thrive on the Web in affiliate programs.

There has been plenty of news regarding affiliate programs and many have hailed their benefits in recent years. But how truly effective are they? And how can a new affiliate member use available resources in order to maximize success and minimize failure? Here, we take a look at what it would take to make it in affiliate marketing.

Understanding affiliate marketing

The key to succeeding in affiliate programs is to truly understand how this industry works. Affiliate programs are built on affiliate marketing concepts. This type of marketing refers to the method used in the promotion of businesses, particularly web-based enterprises. An affiliate program operates simply. An affiliate (sometimes referred to as the publisher) joins an affiliate program in which he will be paid to promote products and/or services exclusive to that program. The affiliate will be compensated for every sale, customer, visitor or subscriber he attracts.

Due to the nature of this business, most affiliate programs are run online, particularly because it is the most efficient and cost-effective means to promote products and earn money at the same time.

Succeeding in affiliate programs

There are a few key considerations when joining affiliate programs. They are:

An established or reliable affiliate company

Although there are many new affiliate programs available today, it pays well to go with well-established affiliate companies. For one, there’s the advantage of name recognition, whose benefit you will be able to appreciate when attracting your market. There is also the assurance that you will be dealing with a company you can rely on.

A feasible product

The product you will be promoting through the affiliate program is key to your success. A solid business acumen can do little to sell a product that has no value or market. Try to do some research on the product or service you will be selling. Understanding how useful it is and how well it will fit the needs of your market will make a huge difference in how well your affiliate program will fare.

A high-traffic website

There is money in traffic. Otherwise, how else can people find the platform with which to do business with you? Put effort and if necessary, money into creating a website that will host your affiliate program. And then work overtime to build traffic. Advertise if you have to, build links and promote your program, even if it is already well-known. Remember that there are dozens, even hundreds or thousands of other websites out there that probably belong to the same affiliate program as yours.

Having multiple websites can also raise your chances of success in affiliate marketing. Most affiliates prefer this route because it opens up plenty of opportunities for potential subscribers and customers to learn about their program.

A real market

The availability of the market and their willingness to buy or participate in the program is also an important consideration. Many a product has been launched in the past that failed miserably because the market just wasn’t around.

An effective compensation scheme

Try to translate your efforts into figures. Wouldn’t you rather be paid $1 for every subscriber you find than 60 cents for every five you attract? Don’t waste time on affiliate programs that offer peanuts for your business. Look for affiliate programs that give high commissions. Depending on which program you join, you could expect from as little as 30% to 70%.

What are the chances of success in affiliate programs?

If you look at the figures reported from affiliate marketing programs; over $6 billion in commissions in 2006 alone, nearly twice the figure during the past year, you probably would think twice about not joining. There is a variety of products covered by these programs, from retail to gaming to telecoms and publishing to personal finance and education.

The unique characteristic of an affiliate program is that as an affiliate, you will get paid for your performance. There is little to no capital expense involved and the generally, the harder you work, the more you’ll earn. However, success and failure in affiliate programs will depend on the type of choices you make after much consideration of the factors involved in this business. It will also help if you treat your affiliate program as a business, which means it will require a lot of work, maintenance and follow up. This is a growing industry and highly competitive. To survive, you don’t only have to be noticed by your market, you have to be trusted as well.

Making Money : No Paypal,No Clickbank?No Problem!

hendri — Mon, 26 Jan 2009 07:44:46 +0000

You would have read about Google Slap, but let me share many other slaps I have experienced online,
and I will let you know how I solved these problems so you can learn from my experience.

Fundamental to any business is MODE of accepting payment, if you cannot accept/receive payment from your buyer how you are going to pay your bills?! I faced the same problem in online business being a citizen of 3rd world country.

At the begging when I get started in IM. I was very anxious to start making my First MONEY online.
Affiliate marketing was the easy way to get started so I started learn everything I could about affiliate marketing then the day come, when BIG dream as an Affiliate was shattered, as I could not sign up with Clickbank. Yes Clickbank will not accept affiliates from my country.

But every affiliate product or guide taught me to go to Clickbank and start promoting affiliate products. My affiliate marketing is doomed I cannot make a buck online, these were the feelings I have that time.

I stopped thinking about Affiliate Marketing, LOL for me Affiliate marketing was promoting the product listed in Clickbank. Clickbank Slap?

I tried to capitalize my skills of web development and joined a small community of freelancers to bid on the small projects, But …

I faced another problem that clients will not assign me projects as I did not accept Paypal as a payment source (I was using Western Union and did not know much about Paypal). When I tried to get Paypal, another discouraging moment in my life, I could not sign up, as they also do not accept signup from my country. Paypal Slap?

So problems like this made me very disappointed at start and my ambition of making MONEY online started to slow down . I tried loop holes, like getting US bank account and inking that to Paypal and Clickbank, and It was busted by Paypal.

With the passage of time, I started to focus on Opportunities than Problems. Yes there were many alternatives I never thought of, or did not know about them all together.

Today I have found solid alternatives to these problems and I am earning a good consistent living online. I am going to share some tips for Warriors who may face the same situation I had to face when I first get started online.

A. Well if no PayPal, go for 2Checkout.com ,
yeah as simple as abc #61514; ,with 2Checkout you can even accept Paypal payments (we were lucky they added this feature in 2007). There is two big disadvantages you may face with 2Co but again we have solution for that right in this thread :

1. you can not simply give your email and accept any payment.
You have to create a Product for every payment in 2Co panel and then accept that. But most of the time people are so much used to paypal that they will not use anyother sytem, they will ask you give them paypal email of yours so they send you any amount they wanted to send you.

It will be very time consuming and difficult for you to accept varying amounts of money from various clients,
I mean varying amounts charged to clients depending on the situation and work done.

I have found solution for this, we can use 2Co just link Paypal to accept any amount of payment without creating millions of products in 2Co a/c with various price combinations.

Whenever someone want to send you any amount or cold beer and ask your paypal email! Send them to your Website with the form for payment like this http://[token]payment
This is a form with 2Co with variable price, and it works like a charm.
Not a single client of mine have ever complained that they did not like the above mentioned payment form, whenever they asked me for my Paypal email for any amount or extra bonus for my work, I simply send them to this form and tell them that they can pay from their Paypal account using this form #61514;
(You can view the source code of this form and use as template for your own account, do not forget to replace my account particulars with yours)

2. The second big disadvantage of 2Checkout is that they have $49 sign up fee whereas Paypal is free to sign up. Some time it is difficult for new comers to spend money when they have not earned any money online.

In this case you my go for www.Plimus.com This is free to join, accept Paypal , and very flexible to set in your website.

But their fees are very high as compared to Paypal and 2Co. But as I did, go for 2Co, but if at start you could not, go for plimus, earn some bucks and then move to 2Co when you have money for sign up.

B. Affiliate Marketing:

You cannot sign up with clickbank, your affiliate marketing is doomed! This is what I used to think. But this not truth!

You can still make big bucks as an affiliate even if you cannot sign up with clickbank. Here are few affiliate networks which accept affiliates almost from every country and I have used them, they are reputed and reliable guys.

1. Cj.com
2. ShareASale.com
3. LinkShare.com
4. Google Adsense and Affiliate Links
5. Amazon Associate program

Also many product owners have individual affiliate programs for their products hosted and managed by them, they may accept your country so consider to sign up with them also.For example for Hosting, I have promoted Hostgator as an affiliate, it is affiliate program independently hosted by them and they pay me at time. You should check site and affiliate programs for individual products in your Niche and great chance is
that you will be allowed to sign up.

So if you cannot sign up with clickbank, so what? Should you stop affiliate marketing, not at all, use above networks as an alternative to make Moolah Online. Do not let these big SMALL problems discourage you
and stop you to prove yourself and your skills online. Again I am here to share my experiences and lessons
I learned in Internet Marketing doing business from a 3rd world country.

If you face any problem related to this issue please post in this thread, we will try to find the solution / alternative to that.