The Internet is an awesome phenomenon. Think about it. To become an affiliate for a Fortune 500 company can cost thousands of dollars and takes time. The Internet has opened a whole new world of money making opportunities. I should know. I left my consulting business to become a partner with AIS Media.
It seems like just yesterday, but a year has already passed. During this time, I have seen many programs to make money come across my email. I guess Iíve become somewhat immune to these offers, as cynical as it may sound been there done that.
When I was asked to join company, one of my main responsibilities was to increase closing ratio of applications to actual set up merchants. In my endeavor, I experienced some disappointment. Certainly not in our closing ratio (it went from .002% to an average of 18%), but what I was finding in way of competing programs astounded me. Programs offering from $50.00 per account to over $250.00, quite a difference.
Sure I, like everyone else, want to make as much as possible for my efforts. Keeping that in mind, let me tell you how we got here. Fourteen months ago, we launched an affiliate program that offered merchant services (online credit card processing) and we outsourced leads (a lot of companies do this) to what we thought were several good companies.
Our experience was horrible and within two months, we were in process of bringing it in-house. What was so bad about outsourcing? The companies to which we were sending leads were closing only .002%! Sure they were offering us $300.00 per sale, however they werenít paying us on all sales they made. I am still receiving emails from merchants who signed up with us, yet we were never paid commission on these merchants!