**AVOID
THE DEADLY MISTAKES THAT MOST AFFILIATES MAKE!**
RULE
#1: Go for QUALITY!
Remember
that any recommendation you make will reflect
directly
on you. If you recommend a good quality product or
service
that is reasonably priced, your customers will
continue
to trust you and be interested in future
recommendations
that you make. If your customers have a bad
experience
with a product or service that you recommend,
however,
they will likely hesitate to act on any new offers
you
send them.
So
be sure that you do your homework before recommending
anything
to your customers. Try the product or service
yourself.
Talk to other people who have bought it. Make sure
that
you are recommending a high quality product that comes
from
a company who offers great customer service and who is
reputable
enough to back up what they sell with a strong
guarantee.
Don't
ever promote something that's going to hurt your
reputation!
RULE
#2: Look for a program that offers TOP COMMISSIONS.
It
is perfectly reasonable for you to EXPECT TO BE PAID 20% TO
50%
OF THE PROFITS on each product sold -- 5% to 10% is really
low.
Ultimately, you should look for companies who understand
the
"lifetime value" of new customers you send them, and
who
appreciate
your efforts enough to compensate you generously.
For
example, here at eye4products, we pay
over
25% of our sales to our affiliates, so they earn
$35
for every virtual
product display sold through their link to our site.
This
means that after we've covered such costs as page design and
programming
the display, customer service, credit card accounts,
hosting
fees and other expenses, we actually pay our affiliates
over 60% of our net profits.
Why
are we willing to pay such high commissions? Because we
recognize
the *lifetime value* of each new customer our affiliates
send us. Only consider joining programs that offer a
similar level of respect for their affiliates.
RULE
#3: Make sure they have a HIGH SALES CONVERSION RATIO.
When
joining an Affiliate Program, make sure that the site is
turning
a reasonable number of visitors into sales. If
they're
not, your efforts directing traffic to their web site
will
be completely wasted.
Look
for sites that have at least a 1% conversion ratio (i.e.
1
out of every 100 visitors buy). Check out their web site
and
their sales copy to see if it "makes you want to buy."
After
all, while it's your job to send them targeted traffic,
it's
their job to turn these prospects into paying customers.
RULE
#4: Match the product or service to the THEME OF YOUR
WEB
SITE.
If
you sell golf clubs, then you shouldn't choose affiliate
products
like weight loss pills to promote on your site. Your
customers
see you as a golf expert -- not a weight loss
expert.
So it makes sense that while they will be very
interested
to learn what brand of golf bag or golf balls you
recommend,
you are going to lose their trust and respect if
you
start trying to recommend weight loss products to them.
Find
out what your target market is looking for and then
choose
affiliate products that meet their needs while
complementing
your own product or service.
RULE
#5: Be sure that you're GETTING CREDIT FOR ALL OF YOUR
SALES.
Find
out what kind of tracking software the Affiliate Program
that
you're interested in joining uses. You want to go with a
company
that uses quality affiliate tracking software that is
reliable
and tracks ALL of your sales.
Why
I emphasize "all" is because you want to make sure
they
track
online, phone, fax, and snail mail orders. Many
companies
only track online orders, and this means that you
will
never get credit for anywhere from 5 - 10% of your
affiliate
sales!
Also,
make sure the Affiliate Program you join uses "cookie
tracking"
because this helps to ensure that you will be
credited
for the sales of people who don't buy the first time
they
visit, but come back later to make a purchase.
RULE
#6: Look for programs that allow you to ACCESS ALL OF
YOUR
SALES STATISTICS in Real Time.
Real
Time statistics are important because they allow you to
see
how different banners, text links, and recommendations are
doing.
For example, on your site you might discover after
some
testing that a banner on your resource page doesn't pull
nearly
as well as a personal recommendation under your
newsletter
subscription box.
Based
on what you learn from your Real Time sales statistics,
you
can adjust which banners and text links you use and where
they
are placed.
RULE
#7: Look for a program that TEACHES YOU THE *BEST*
TECHNIQUES.
A
good Affiliate Program will provide you with everything you
need
to be successful. They'll provide you with traffic-
generating
banners, text links, and recommendation letter
templates.
And they'll also tell you which techniques work
well
in which circumstances.
Because
their success is linked with yours, the Affiliate
Program
you join should be ready, willing, and able to teach
you
everything you need to know to START EARNING EXCELLENT
COMMISSIONS.
***MOST
IMPORTANT RULE***
Avoid
falling victim to the "Flea Market Syndrome"!
It's
absolutely critical that you don't allow Affiliate
Programs
to clutter up your main site or the main goal of your
page.
Don't go crazy and start promoting 10 or 15 different
affiliate
products on your site, thinking that if you can make
a
lot of money by joining 1 affiliate program, you'll make
even
more money by joining 10. Your site will end up looking
like
a giant flea market!
You'll
come across as unprofessional because it will look like
you
are trying to make a quick buck rather than do your
visitors
a "favor" by recommending one or two really quality
products.
The most profitable way to approach Affiliate
Programs
is to CHOOSE ONE REALLY GOOD QUALITY PRODUCT and promote
it to the best of your abilities.
This
is the approach that top affiliates are using
to earn commission checks of $4,000 to $8,000+ each month!
Now
granted, these affiliates have high traffic sites;
however,
this same technique is earning our "average"
affiliates
$1,000 to $2,500 every month! That's how powerful
focusing
your energy on promoting one product can be!
And
of course, once you've MAXIMIZED YOUR PROFITS with one
affiliate
product, you can choose another and start the
process
all over again. Don't choose 10 programs and try to
promote
them all at once. This doesn't work. More is NOT
always
better! You will devalue your site and destroy your
credibility
by coming across as "greedy" rather than
"helpful."
Remember
that just because one vitamin a day is good for you,
it
doesn't mean that 5 or 10 are even better! If you promote
too
many Affiliate Programs on your site, you'll end up
confusing
your visitors because your web site will lack focus.
They'll
be overwhelmed and just click away… and you won't end
up
making any money at all! So remember to stay targeted!
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