How To Make Affiliate Marketing Money Online
Cash Cow Knows Affiliate marketers seem to have a fascination with Lamborghinis and Las Vegas. Fast cars and glitzy vacations may seem out of your reach right now, but you can take the first steps today towards the lifestyles of your dreams. Here’s how.
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Vary the commission to keep things interesting
Your affiliate commission doesn’t have to stay fixed. In fact, to stay competitive, it shouldn’t be fixed. Regularly changing up your commission helps keep your affiliates engaged. It also ensures you’re staying ahead of the competition. After all, if a competitor’s commission significantly surpasses yours, it might draw some of your affiliates away.
An easy way to change up commission is to identify a month or period where you can afford to offer a temporary commission boost, or where a temporary commission boost has the potential to increase sales by the greatest amount. This type of “commission surge” is a great way to drive more sales during a slower month.
You could also A/B test two different commission rates or structures to determine which one generates the best results. Just make sure the affiliates with the less lucrative structure don’t find out about the more lucrative structure.
Pay commissions on time
This may seem obvious, but paying commissions on time is crucial to maintaining a healthy relationship with your affiliates. If you’re late on paying commission, you risk an affiliate leaving you for a competitor. Fortunately, affiliate marketing software lets you automate commission payouts, so you’ll never miss a payment.
Reward successful affiliates with more incentives
Your top affiliates deserve greater rewards for bringing in the most revenue – and added rewards will make them even more motivated to continue with your program.
Consider offering commission bonuses (or valuable gifts) to affiliates who meet certain lifetime revenue goals, or who fall within a given top percentage of your affiliates. You could also offer a “streak bonus,” where a given amount of monthly or quarterly sales unlocks a temporary commission rate boost, or a meaningful gift.
How to Find Hot Affiliate Products
Find a merchant that is willing to give you access to their customer base, then you need to make sure that you do not only research the merchants, but also research the market that they cater to. For example, if you are choosing a merchant that sells watches, you need to make sure that you choose a market where people have money to spend.
Making sure that you do your homework in researching the merchants that you want to work with is very important as you will want to make sure that you are not compromising the image that the merchant wants to project to the market.
Once you have found a merchant that is willing to give you access to their customer base, you need to make sure that you are choosing a merchant that has a product that people are willing to spend money on. If you are choosing a merchant that is selling a product that people do not want or want to spend money on, you will only have the chance of making little to no sales. You need to make sure that you are choosing merchants that have a product that people want and that they are willing to spend money on.
There are some useful tools that you can use to find out what merchants have what products.
The free version of Google AdWords Tool, that I am using, can be used to find out which merchant has the hottest products. After installing the free Google AdWords Tool, you need to enter in a few keywords that are free and that you want to bid on. You need to make sure that you are choosing high competition keywords. Once you have found the keywords that are good for you, you need to make sure that you make sure that you choose keywords that are related to the product that the merchant is selling.
ClickBank is a very useful tool that you can use for quick research on products that are hot. ClickBank offers thousands of products and you need to make sure that you choose the products that you are comfortable with. If you are uncertain about the product, you need to make sure that you take time to browse through the product to see if you agree with the product.