How An Affiliate Program Can Boost Your Online Profits
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There’s a marketing technique online that can make online business owners incredibly wealthy over time. This marketing technique is so powerful that it has easily increased many peoples’ incomes by $20,000 a month and more. Want to know what this technique is? It’s called having an “affiliate program”.
An affiliate program is basically a marketing model where you share some of your profits from an “affiliate” who promoted your product for you. Typically you will find that the average “commission rate” that is being paid to the affiliate is around 50%. And compared to some other affiliate programs on the internet, this is quite high.
Some people love this way of earning a living online because they don’t have to deal with customers, they don’t have to handle refunds, they don’t have to create products, they don’t have to write sales letters, and etc. Because of this, many affiliates find that promoting a product that isn’t theirs – but is fully complete is the best route to go.
Now the vendor hosting the affiliate program gets tremendous benefits out of this arrangement. For every customer that the affiliate produces, the vendor can sell to these backend customers over and over again and potentially earn thousands of dollars from these customers throughout the lifetime of the relationship.
Because of this concept, some vendors are even willing to give 100% commissions to their affiliates. This is because they know that the money isn’t in the frontend sales… 80% of all total business profits will come from sales on the backend (selling to existing customers). So for the vendor, it’s a great deal.
Starting an affiliate program is easy. Whether you sell digital products or physical products, you can get setup on sites that will accept your product and offer. Two great sites that you should consider is “Clickbank” and “Paydotcom”. They both have a ton of affiliates who are eager and willing to promote your product for you for free.
Now admittedly, Clickbank has more affiliates than Paydotcom, but that doesn’t mean that you can’t make money with Paydotcom. Some people are making alot of money with it. Just make sure you have your marketing materials and content to give to your affiliates – so that they can sell your products simply and easily.
If you don’t have an affiliate program, you should start one right away. There are many affiliate directories online that are open and accepting new affiliate programs to their directories. You should visit these sites, list your program, list the benefits, and then just wait until some affiliates discover your product and offer, and start promoting it for you.
Generally the higher the potential commission is, the more affiliates you will get. Nobody wants to promote a product where they will only receive $3.50 per sale. That’s ridiculous. Strive to help your affiliates earn at least $20 or more per sale. This is standard.
Take these tips and use them in your marketing strategy so that you can have the kind of thriving internet business that you are looking for.
Good luck with using an affiliate program to earn alot of money in your internet business.
ABOUT THE AUTHOR: Randall Magwood is one of the most respected and highly-regarded online marketing experts on the internet. He has a website about internet marketing that helps small business owners learn how to market their business online simply and easily. To learn more, visit his website here: http://www.internetmarketing-rules.com
An affiliate program is basically a marketing model where you share some of your profits from an “affiliate” who promoted your product for you. Typically you will find that the average “commission rate” that is being paid to the affiliate is around 50%. And compared to some other affiliate programs on the internet, this is quite high.
Some people love this way of earning a living online because they don’t have to deal with customers, they don’t have to handle refunds, they don’t have to create products, they don’t have to write sales letters, and etc. Because of this, many affiliates find that promoting a product that isn’t theirs – but is fully complete is the best route to go.
Now the vendor hosting the affiliate program gets tremendous benefits out of this arrangement. For every customer that the affiliate produces, the vendor can sell to these backend customers over and over again and potentially earn thousands of dollars from these customers throughout the lifetime of the relationship.
Because of this concept, some vendors are even willing to give 100% commissions to their affiliates. This is because they know that the money isn’t in the frontend sales… 80% of all total business profits will come from sales on the backend (selling to existing customers). So for the vendor, it’s a great deal.
Starting an affiliate program is easy. Whether you sell digital products or physical products, you can get setup on sites that will accept your product and offer. Two great sites that you should consider is “Clickbank” and “Paydotcom”. They both have a ton of affiliates who are eager and willing to promote your product for you for free.
Now admittedly, Clickbank has more affiliates than Paydotcom, but that doesn’t mean that you can’t make money with Paydotcom. Some people are making alot of money with it. Just make sure you have your marketing materials and content to give to your affiliates – so that they can sell your products simply and easily.
If you don’t have an affiliate program, you should start one right away. There are many affiliate directories online that are open and accepting new affiliate programs to their directories. You should visit these sites, list your program, list the benefits, and then just wait until some affiliates discover your product and offer, and start promoting it for you.
Generally the higher the potential commission is, the more affiliates you will get. Nobody wants to promote a product where they will only receive $3.50 per sale. That’s ridiculous. Strive to help your affiliates earn at least $20 or more per sale. This is standard.
Take these tips and use them in your marketing strategy so that you can have the kind of thriving internet business that you are looking for.
Good luck with using an affiliate program to earn alot of money in your internet business.
ABOUT THE AUTHOR: Randall Magwood is one of the most respected and highly-regarded online marketing experts on the internet. He has a website about internet marketing that helps small business owners learn how to market their business online simply and easily. To learn more, visit his website here: http://www.internetmarketing-rules.com