You spend a few weeks putting together, or finding your product - now you can sit back while your own ARMY of eager sales people drive sales and fill your bank account.
Sound about right?
It can happen to you.
You really can develop an online business where vast majority of your sales come from others who are eager to share your product with their customers and subscribers.
Unfortunately 95% of affiliate programs out there don't follow success patterns and they pay price -- no sales, inactive affiliates, lots of administration.
Here's truth about average affiliate programs...
1. On average, 5% of your affiliates will be active -- which means 95% will NEVER generate ANY traffic or sales. 2. Less than 2% will be SUPER affiliates which will drive BIG sales 3. For most affiliate programs - less than 1% will stay with you over 6-months
There are some set principles you can follow to make your affiliate program a massive success -- and when you do -- you really can sit back and enjoy incredible results.
Try these now.
Success Tip 1. Arm Yourself With Affiliate Tracking Software
There are quite a few options out there.
What you need is a system that allows affiliates to sign up, see their statistics (hits, repeat hits, returns, sales, commissions, payment status, etc...)
You want a system where all of this is automated, that you can use to offer multiple products, that you can customize commissions (for special joint venture endorsements) and that you can track commissions to be paid and those that have been paid.
Based on personal experience, my preferences are either...
Ultimate Affiliate Software - $200 http://www.infoproductcreator.com/part/groundbreak
AssocTrac - $677 http://www.infoproductcreator.com/part/assoctrac/
There are also programs where you pay a monthly fee, but generally these require you to pay out over 15% of each sale -- OK if you only make a few sales each month, but if you bank on being successful, you'll want your own software.
Success Tip 2: Actively Pursue Super Affiliates
Massive success with affiliate programs depends on you seeking out "super affiliates"
You have something great to offer webmasters, business owners, ezine publishers -- they just don't know it yet.
Approach them with partnership in mind - open door by complimenting their business, send an offer they can't refuse and follow up to maintain relationship.
Use tools like toolbar from http://www.alexa.com to help find sites that have a good supply of traffic.
Every market has a buying cycle.
Determine where your product fits in buying cycle, and approach related websites, ezine publishers.