04.16.01
Planning on sending your children through college on the income from
the affiliate programs you belong to? Your kids might be in for a
disappointment. Every affiliate program isn't a waste of time, but
most of them never live up to their promises. You can make money
from some affiliate programs. This week's issue of PromoteNewz will
tell you how.
Michael McDonald and Stephanie Mitchell
The PromoteNewz Team
A few years ago when affiliate programs began to make their way onto
the Net, I was already "living" online. So naturally, I was one of
the very first marketers to take a look at this "new" online
marketing idea.
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And frankly, after a close look inside the numbers, what I saw was
not overly exciting. But thanks to a little patience and a few
strategies I developed, I've been able to generate affiliate income
that most experts predicted impossible.
If you're looking to do the same, read on...
The first program I reviewed (which shall remain nameless) paid an
average of ten percent commissions on each sale my site generated.
The products (mostly books) averaged around $15 so my share would be
about a buck and a half per sale. I figured if I could get one sale
out of every 35 visitors I sent to the site, that would be a decent
conversion rate (better than average, actually). After doing a little
math, I concluded that I would earn about $45 for every 1000 visitors
I sent to the site.
But getting 1000 visitors to any given affiliate site meant I'd have
to get about 10,000 visitors to my own site. If I could do that every
week, I'd be doing OK for a small business site with a marketing
budget close to zero. But I was already learning that it takes time
and money to get 10,000 visitors a week. And lets see... for all my
traffic generating efforts I would pull in a cool $180 a month? It
didn't take a genius to figure out that it might not be worth the
effort. I passed.
But I did not pass on the affiliate game altogether...
I knew there was potential for excellent long-term income in the
right affiliate programs so I bided my time and grew my website
traffic and my ezine subscriber numbers. Meanwhile, I kept a close
eye on the affiliate horizon.
At the end of 1997 I joined my first serious affiliate program.
A year and a half later I would join my second.
And to make a long story short, those two affiliate programs I joined
are now responsible for over $80,000 in annual income (and still
growing) at my site. Who says you can't make a decent income with
affiliate programs?
While I've sampled a few other programs along the way, I continue
to promote only those two programs on a regular basis. As far as
affiliate program marketing goes, you won't find too many marketers
who are this picky. But picky works. Had I joined that very first
affiliate program I looked at, I would have been lucky to make $5,000
last year in affiliate income. Not bad, but a far cry from 80K.
So what programs are pulling in 80k a year for me?
I'm not going to tell you! At least not in this tip. (If you just
have to know, I'll share a link at the end of this piece.) You see,
I did not write this tip to round up more second-tier affiliates.
I wrote it to show you the true potential in affiliate program
marketing and to explain exactly how you can grow affiliate income
like I have.
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So what are the secrets to generating measurable affiliate income?
Here they are in a nice five-step program...
1. Choose the right affiliate programs!
As my example above shows, this important step can mean a difference
of 75K a year, easily. The right programs for YOU are ...
a) programs that tie in with your site well (Ex: don't promote a
dating service if your site focuses on business)
b) programs that you can get behind 100% and recommend personally to
your website visitors, subscribers and all else who come in contact
with your business
c) programs that pay serious commissions of 25% or more on sales --
and if you can earn residual or recurring income that's even better
(Ex: services like web hosting require customers to pay monthly, so
you as an affiliate can earn monthly too!)
2. Promote your best programs with personal recommendations at your
website and in your emails.
While most affiliate programs offer marketing assistance to their
affiliates, your best bet is to form your own marketing plan and
promotion material. This sets your affiliate site apart from
thousands of others.
And don't forget, in order to truly make personal recommendations,
you'll need to be a customer as well. I see far too many affiliates
making personal recommendations without even making the investment
in the product or service they are promoting. Not only will you lose
credibility when you do this, you'll be limiting your marketing
potential by not knowing the product like you should.
3. Don't go affiliate crazy and promote too many programs.
A handful is fine, but a dozen or more cheapens the experience
for your users. If you absolutely must promote lots of products
and services, personally recommend only a small number of them.
Take your very best one or two affiliate programs and stick to
recommending them as your staple. A premium service with a slightly
higher than normal price tag and generous commission is ideal for
this strategy. But be sure it is worth the price!
4. Don't expect to grow serious affiliate income without having a
website of your own.
Too many newbies make this mistake. They think they can avoid ALL
online business start-up time and expenses by joining an affiliate
program and using the free site they get as their main site. It's
a mistake. The best affiliates in every program have their own
website where they bring all their traffic first. From a "home base"
like this you are free to make personal recommendations, promote a
variety of programs and earn income other ways such as advertising
or selling your own products and services. Growing your own site is
a major key to growing serious long-term affiliate income.
5. Get help!
Don't go it alone. Ask successful affiliates how they've grown their
incomes - most are happy to share the details on how much they are
making and exactly how. And with that in mind, here's that link to
the programs promoted right here at bizweb2000.com - have a peek, but
remember -- don't even consider them unless they tie in with the
theme of your own website!
Article by Jim Daniels of JDD Publishing. Jim's site has helped
1000s of regular folks profit online. Visit bizweb2000.com
for FREE "how-to" cybermarketing assistance, software, manuals, web
services and more. No time to visit the site? Subscribe to Jim's
Free, weekly BizWeb E-Gazette: freegazette@bizweb2000.com
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