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Making Money with Affiliate Programs ? Part I
If you have a website and you are not involved in any of thethousands of affiliate programs available on the Internet, youare loosing great opportunities to make some extra income. As inthe case of some top affiliate marketers this extra income mighteven transform into thousands of dollars. Affiliate program is one of the most effective methods ofproducing sales second only to direct mail. According toForrester Research, a marketing research company, in this year21% of all online sales will be generated from affiliate sitespromoting affiliate products. If you do your homework right, you too can earn handsomely fromthe correct use of affiliate programs. What is an affiliate program? The concept of affiliate program is based on the age-oldbusiness practice of referral service. This is quite commonin many industries. An attorney, for example, gets a certainpercent of commission if he refers a client to another lawyer. Back in 1996 Amazon.com started the first widespread use ofreferral service on the Internet. If a client comes to Amazon.comand buy a product using a link provided by Amazon, from a websitewhich signed affiliate partnership agreement, that site receives10 to 15% commission from the sale. The Amazon Affiliate Programbecame so successful that it prompted others to follow the suit.Today, affiliate programs became ubiquitous on the Internet makingthem one of the primary methods of online marketing of productsand services. Affiliate Program can be defined as Internet marketing systemwhere a company allows and helps third party websites, calledaffiliates to post link and refer clients in return for apredetermined flat-fee or percentage-based commission. Benefits of affiliate programs Benefits for program owners include: Increase Sales Free promotion Increase search engine ranking Branding How about the affiliates? What are the benefits they get froman affiliate relationship? No product or service to carry The investment is low as all you need is a website. No need to have a merchant account Possibility of residual income Visitor tracking system allows affiliate programs to pay you acommission when same visitor from your website makes repeatpurchase. Some affiliate programs that promote monthly or yearlysubscription services pay a commission each month as long ascustomer referred by you stays subscribed. Complement you website with added products and services If your site is dedicated to certain products or services,there must be other stuffs that go well together with yourown products. It's a good idea to seek out viable affiliateproducts of these items and promote through your site. Yourvisitors will love this and this will help building loyaltyamong your visitors. Have new contents for your site Various Affiliate programs There are two ways of running an affiliate program:The company owns and handles the program itself, usingcertain software. The company uses third party administered affiliate programs.The reasons why many companies prefer to hand over managementof their affiliate programs include technical aspects, costfactor and human factors. ? Companies do not have to spend money on developing, running and updating the software. ? Proven technology allows companies to concentrate on theirjob of selling their products and services. ? Many prospective affiliates prefer third party managedprograms, because they rightfully ponder, in this case theprogram owners have less chance to cheat their affiliates. Find below a list of some leading third party affiliate programadministrators: http://www.befree.com However, this does not mean that you should avoid company runaffiliate programs. On the contrary, some of the most successfuland best affiliate programs are run by the owners. If you find an affiliate program that suits your requirementand you feel that the company is a reputable one, by any means you should give it a try! Nowshade Kabir is the founder, primary developer and presentCEO of Rusbiz.com. A Ph. D. in Information Technology, hehas wide experience in Business Consulting, InternationalTrade and Web Marketing. Rusbiz is a Global B2B Emarketplacewith solutions to start and run online business. You can contact him at mailto:nowshade[at]rusbiz.com,http://ezine.rusbiz.com , http://www.rusbiz.com , http://ezine.rusbiz.com/newsletters/newsletter21.htm
|  | | | RELATED ARTICLES Popup Killers - Not just killing that Popup but also your Revenue! With the increased use of popups on sites - when you enter,when you leave, while you are there - Popup killers (orstoppers) are all the rage. Free Affiliate Marketing Page Pays $755 in Commissions From its First 100 Visitors Affiliate marketing is an easy way to get started making money online.You just sign up to be an affiliate, and refer new customers to the sales site(s) with a special, coded affiliate link.When your referrals click the link and make a purchase, you get paid a sales commission on the sale.Many of these commissions are now paid instantly, at the time of the purchase, as in the system below. Affiliate Program Basics Affiliate Program is a ground floor opportunity. All you have to do is send visitors to your affiliate web site by placing a textlink or banner on your website and receive a commission on each sale, without the complication and expense of selling anything yourself. Affiliate Marketing: An Online Marketing Strategy Everybody it seems can make money online. The simplest way perhaps is to make money online through affiliate marketing. If you have a website, you can list other people's websites on yours and become an affiliate, making money online through sales commissions every time someone goes to their site through yours and makes a purchase. You can make anywhere from 5% to 30% by just advertising their link. Online Affiliate Programs - 6 Must Read Reasons to Join Them You must have been exposed to the online hype, and the fact is starting an online business is a great way to make an extra income. There are many ways to make money online, one of them, is joining online affiliate programs... Economic Recession or Not, You Must be Creative to Survive Are we Really in an Economic Recession? Learning Internet Marketing the Hard Way Ok, so after reading many articles on internet marketing I decided to takethe plunge and started my own website, and decided that url should be something that by itself would bring the shoppers to the website in droves. Focus on Success ? How To Make Affiliates Work For You How do we go about getting success with affiliate programs my friends? 5 Deadly Mistakes That Affiliates Make - A Quiz Some people are making big money with affiliate programs-some are not. With a little research I have discovered that the people that are not cashing many checks are making the same five mistakes. Why not take a short quiz to see how you rate? Do you qualify as a novice, average, or super affiliate? Try this true and false quiz. You might learn something! Two Quick Ways to Make Your Copy of Merchants Data Feed Different From All Other Affiliates Product data feeds are really popular among affiliates because they can help produce thousands of product pages quickly and easily. Such pages can be used to drive highly targeted search engine traffic looking specifically for those products. But there is a big problem. Never Get Burnt by a Cycler Program Again! A cycler or doubler that offers nothing of real value is likely a scam and for the most part is illegal. Check out what you are buying, and look at the cylcling or doubling as a bonus or rebate. Cyclers and Doublers will never be the main-stay of an honest persons income, but what is wrong with purchasing valuable products and in the long run having the purchase price of those products given back to you two or more times? Dont Even Think About Affiliate Marketing Until Youve Read This -Part 1 You've probably heard some of the affiliate success stories from across the internet. You've also probably heard of the diverse benefits of affiliate marketing... Low start up costs, no products to deliver, no sales pitch to write, EASY! I was the same as you and it was these things that first got me into affiliate marketing. However, it took me a long time and several key distinctions to take my affiliate revenue from average to amazing. Unique Joint Venture Twist: Make Huge Profits Even If You Have No Money, No Products, and No List Would you like to jumpstart your online or offline business without spending a ton of money? Choosing a Niche Market to Promote ? Affiliate Marketing I think it truly goes without saying that there are some niche markets that do incredibly well, some that do "ok" and others that just totally flop. Affiliate Marketing Secrets that You Can Use Affiliate marketing is a very hot topic on the web right now. Not surprising when you consider the fact that a vast majority of successful online entrepreneurs make their money from affiliate schemes and programs. Since the earlydays when Amazon was being set up and founder, Jeff Bezos was establishing affiliates as key marketing tools for any online enterprise, affiliates and affiliate marketing has come of age. Best Affiliate Products, Where to Find them and Choose the Best ones The BIG QUESTION on everyone's mind is... How to Create Multiple Streams of Income, Part 2 A while back I wrote a little article called "My Vision of Multiple Streams of Income". After receiving several emails asking for a sequel and sharing more real life experience I decided to give an update on my journey with SFI and Stone Evans' PIPS system. 7 Sure-Fire Ways to Build Large Affiliate Checks Everyone wants a huge affiliate check.All the advertisements promise them, but if you just buy into the affiliate program and expect large affiliate checks to come, you will be sorely disappointed.Even if you have built downline in your affiliate program, your checks will not often be very large.The goal, after all, is to make money - and lots of it! Affiliate Alternative; Google Adsense The Rise and Fall of Affiliate Programs How to Grow Your Affiliate Marketing Business Affiliate marketing is a large business in the internet today that involves a partnership between a merchant and one or more affiliates, in which the affiliates advertise or promote the merchant's product and services free of charge until a customer is gained. |
