How To Identify Profitable Products in Affiliate Marketing
Posted 23rd December 2008 at 04:42 AM by Shishay Wubshet
Tags affiliate marketing
You may have heard a lot of times that affiliate programs are one of the most lucrative ways of money making online.
But, do you think, it is the most lucrative?
Or, is it a waste of time and money?
The truth is affiliate marketing is indeed a great money maker, but only if you do it the right way.
And, the first step of the right way of doing affiliate marketing is product selection - Selection of a product that brings the most money for your efforts and investment.
In this article, I will walk you through some of the most important points that you need to consider before you join any affiliate program for promotion.
Here are some of the most important points:
1) Quality
You must promote a product or service which solves your customer's problems.
The affiliate program has to be of high quality so that you will be able to build good reputation.
Never in any way try to destroy your credibility promoting scrap products.
2) Commission
Every affiliate program you promote should have good commission.
Digital products (such as e-books) usually offer huge commissions (50% - 75% and up). Physical products (the ones that need to be shipped to the customer) usually pay 10% or less.
In addition to the commission rate, pay attention to the dollar amount that you get per sale. For example, 10% commission on a $100 product is $10, while 50% commission on a $4 product is only $2. If the product is too cheap, you'll need to sell a huge number of units in order to make any significant money. It's often easier to sell several expensive items than lots of cheap ones.
3) Tracking
It is recommended that the affiliate program you promote has a tracking system to get real-time statistics so you can see your performance.
As tracking is one of the most powerful weapons in marketing your products or services, it is always recommended to promote affiliate programs which have good tracking system.
Summary
As affiliate marketing is the most lucrative way of making money online, you have to do it the right way in order to make the most money.
You have to properly select the most profitable product.
The products you select must be of high quality with good commission rate and tracking system.
These are called "traditional way of affiliate program selection".
The problem with traditional product selection techniques is that it takes a lot of time to identify the best affiliate programs based on points explained above.
But, do you think, it is the most lucrative?
Or, is it a waste of time and money?
The truth is affiliate marketing is indeed a great money maker, but only if you do it the right way.
And, the first step of the right way of doing affiliate marketing is product selection - Selection of a product that brings the most money for your efforts and investment.
In this article, I will walk you through some of the most important points that you need to consider before you join any affiliate program for promotion.
Here are some of the most important points:
1) Quality
You must promote a product or service which solves your customer's problems.
The affiliate program has to be of high quality so that you will be able to build good reputation.
Never in any way try to destroy your credibility promoting scrap products.
2) Commission
Every affiliate program you promote should have good commission.
Digital products (such as e-books) usually offer huge commissions (50% - 75% and up). Physical products (the ones that need to be shipped to the customer) usually pay 10% or less.
In addition to the commission rate, pay attention to the dollar amount that you get per sale. For example, 10% commission on a $100 product is $10, while 50% commission on a $4 product is only $2. If the product is too cheap, you'll need to sell a huge number of units in order to make any significant money. It's often easier to sell several expensive items than lots of cheap ones.
3) Tracking
It is recommended that the affiliate program you promote has a tracking system to get real-time statistics so you can see your performance.
As tracking is one of the most powerful weapons in marketing your products or services, it is always recommended to promote affiliate programs which have good tracking system.
Summary
As affiliate marketing is the most lucrative way of making money online, you have to do it the right way in order to make the most money.
You have to properly select the most profitable product.
The products you select must be of high quality with good commission rate and tracking system.
These are called "traditional way of affiliate program selection".
The problem with traditional product selection techniques is that it takes a lot of time to identify the best affiliate programs based on points explained above.
So, it would be necessary to device a better way of product selection.
I hope it helps.
Shishay
Adwords Domination Secrets Will Be Launched On Very Soon. If You Are Interested To JV With Me Click Here.
I hope it helps.
Shishay
Adwords Domination Secrets Will Be Launched On Very Soon. If You Are Interested To JV With Me Click Here.
Total Comments 1
Comments
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Very interesting how you explained it. I sort of know it intiutively but your simple and short explanation is helpful and recommended without reservation. I will make use of your suggestions in my current search to set up a good affiliate business. I recently signed up with ClickBank and is looking to market other people's business and earn money doing it. Your post is really helpful.Posted 26th December 2008 at 09:09 AM by RareGoodStuff
