9 Steps to Choosing an Affiliate Program
- Author Doug Chaffin
- Published April 11, 2010
- Word count 677
Ask questions initially before you join an affiliate program. Do some research about the choices of program that you plan to join. Get some answers because they are going to be the determining point of what you may be accomplishing later.
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Will it cost you to join? The majority of affiliate programs being presented at the moment are totally free of charge. So why accept affiliate programs that cost money to join.
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At what time are earnings checks issued? Every program is different. Some issue checks once a month, each quarter, and so on. Decide on the one that is appropriate for your payment timetable. Various affiliate programs set a minimum earned commission amount that the affiliate has to meet or exceed in order for checks to be issued.
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What is the hit per sale ratio? It is the average number of hits to some banner or text link it takes to generate a sale according to all affiliate statistics. This aspect is very vital since this can tell you the amount of traffic you should generate before you can earn a commission from the sale.
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How are referrals from an affiliate’s site tracked plus, how long do they remain within the system? You need to be confident the program will track purchasers you refer. This is the only way you receive recognition for the sale. The time frame that potential buyers stay within the system is also significant.
It's because many site visitors will not buy initially however could revisit later to make the purchase. Find out if you still get recognition for your sale if it is done at a later date by a recurring purchaser.
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What are the types of affiliate statistics provided Your selection of affiliate program should be effective at providing thorough statistics. They ought to be obtainable online anytime you decide to check them. Frequently checking your individual statistics is important to recognize the number of impressions, hits and sales that are being created from your site. Impressions are how many times the banner or text link was viewed by a visitor, A Hit is a click on the banner or text links.
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Does the affiliate program additionally pay for the hits and impressions in addition to the commissions on sales? It is necessary that impressions and hits are paid, as this will likely help to increase the earnings you get from the sales. This is especially
important if this system you're in offers low sales to hit ratio.
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Who is the online retailer? Determine who you do business with to understand whether or not it is a concrete company. Be acquainted with the products they sell and the average amount they're making. The more you know about the merchant providing the affiliate program, the easier it will be so that you can determine if that program is really for you and your website.
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Is the affiliate a one tier or two tier program? A one tier program pays you just for the purchases you have created. A two tier program pays you for the sales, plus it pays you a commission on the purchases created by every affiliate you sponsor as part of your program. Some two-tier programs are even paying small fees on every new affiliates you recruit. Similar to a recruitment fee.
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Lastly, what's the amount of commission paid? 5% - 20% is the commission paid by the majority of programs. .01% - .05% is the amount paid for each hit. If you find a program that also pays for impressions, the amount will not be much at all. As you can see with the figures, you will understand why the typical sales amount and hit to sale ratio is essential.
These are simply a few of the questions that need answering before you enter into an affiliate program. You need to be familiar with the many key aspects that your selected program should have before incorporating them into your website. Try to ask your affiliate program choices these questions. They can help you select the correct program for you personally.
Doug Chaffin is an experienced Affiliate Marketer and Marketing Consultant. He has created a substantial income stream with affiliate marketing for the past several years. If you would like to learn how to create your own 6 or 7 figure Online Affiliate Marketing Business, visit http://secretaffiliatereview.com
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