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My current best selling program earns me $90 a sale. I don't do anything different to promote that than I do
program that makes me $20 a sale. If it takes
same amount of time and effort to make a sale from each program, why wouldn't I focus my energies on
$90 commission product?
Contrary to what many believe, it is no harder to sell a $247 product than it is to sell a $50 product. Don't prejudge your audience. Make sure you offer programs that are relevant to their interests (and which you're proud to promote - that should go without saying but just in case ...) and
mere fact that you're bringing targeted buyers and highly relevant products together will do
rest, statistically speaking. Never, never forget - making money in an online business is a numbers game, pure and simple. Generate enough traffic and you'll generate sales. But if you generate traffic that doesn't match your product line, forget about it.
MISCELLANEOUS CONSIDERATIONS
To finish off, here's a few miscellaneous considerations to take into account when selecting your affiliate programs.
=> How Long Do
Cookies Last?
Always go for programs that will credit you with
sale even if
customer doesn't buy on
first visit. That high paying program I mentioned above? 90% of
sales come from
follow-up messages sent by
owner of
program once I give him
lead.
That's pretty typical of all affiliate programs. You've heard that it takes an average of seven exposures to a message before a prospect will buy, right? Well, what happens to your commissions if you only get paid for direct sales (i.e. where
customer buys on
first visit following a direct link from your site)? Right. You get maybe 10% of
commissions you would have earned from
program if
customer was tagged as yours for a period of time (and preferably for life).
Always read
terms and conditions of
affiliate program carefully before investing your time and effort. If it says anything like "if customer later makes a purchase on a repeat visit that does not originate from your link, you will not qualify for a commission on such sale" keep looking.
Some programs will place a cookie on
customer's hard disk for 45 days or so which means that if that customer returns in three weeks to eventually make a purchase, that customer will be identified as "yours" and you will get
commission. Some programs even offer "lifetime customers", that is,
customer is yours for life even if they come back in three years time and buy a completely different product.
=> Stats Reporting
Look for real-time reporting of statistics including hits and sales. Then check to make sure that
hits
affiliate program records are in line with your own stats tracking. This is easy to do. I use Roibot to track all clicks I'm interested in monitoring whether it's a program I'm promoting or whether I'm just interested in how many people click on a particular link to an article, for example. (To check out
Roibot suite of marketing tools, click this (Roibot) link: http://www.roibot.com/w.cgi?R5469_roibot ).
=> Frequency (and Amount) of Payments
Some programs will only pay once you accumulate a certain amount of commission dollars. That's OK ... it keeps admin costs down and therefore makes more of
profit available for payment of generous commissions ... but if it's disproportionately high compared to
amount of
base commission, consider another program.
If it takes you a year to accumulate $50 in commissions, ask yourself how likely is it that this particular company will still be around in one years? Even if you have no concerns on that score, if it's taking you a year to accumulate $50 worth of commissions, this is not a program that's giving a particularly good return on your investment of time and effort. Look for something more productive.
=> How Long Established?
Related to
previous discussion, think twice before investing too much time and effort on newly established programs. Add these to your portfolio by all means, but make your staple programs
tried and trues.
=> What is Their Policy on Spam?
Nothing irritates me more than to receive spam from someone promoting one of
programs that I promote (well, OK, other things do irritate me more but you get my point). Not because I get into a tizz about spam per se (unlike apparently 90% of
internet population I have more important things to worry about), but such tactics bring
program into disrepute because it suggests that
owner of
program condones spam and if
owner of
program condones it, how much value does he or she place on
program? Not much.
So look for programs with strict anti-spam policies.
SLOW AND STEADY WINS THE RACE
Finally, a word about patience. This is a slow and steady wins
race game as well as a numbers game. Don't spit
dummy, throw in
towel, chuck
Glomesh onto
shagpile (or whatever your vernacular equivalent of a dummy spit is) because you don't make a single sale in your first month with a new program.
By all means take a closer look at how well
product fits in with
demographics of your audience (website and ezine) but if it's a good fit, don't throw
baby out with
bathwater (enough with
metaphors already, OK). Instead, refine your marketing approach, tweak your ads, brainstorm for more creative ways of promoting
program.
Don't just write
program off as bad until you're sure it's not going to work for you. There may be some peculiar demographic factor common to your group that you're not aware of but until you've given it a good try, don't assume that's
case.
As a general rule, so long as you're sure that
product is a good fit, work with it for a year to give it a real chance of performing for you. The internet landscape is strewn with
carcasses of would-be successful entrepreneurs whose only mistake was giving up too soon. Don't be one of them.

Elena Fawkner is editor of A Home-Based Business Online ... practical home business ideas, resources and strategies for the work- from home entrepreneur. http://www.ahbbo.com