Success Strategies for Real Internet Marketing Beginners
Choosing the right affiliate programs
There are so many affiliate programs vying for your attention. Ask several questions first before you join an affiliate program. Doing a little research about the affiliate programs you intend to join will go a long way towards your long-term success in online marketing.
Will it cost you anything to join?
Most affiliate programs being offered today are absolutely free of charge. So it's a wise choice if you begin with this free-to-join type of affiliate programs.
When do they issue the commission checks? Every program is different. Some issue their checks once a month, every quarter, etc. Select the one that is suited to your payment time choice. Many affiliate programs are setting a minimum earned commission amount that an affiliate must meet or exceed in order for their checks to be issued.
What is the hit per sale ratio? This is the average number of hits to a banner or text link it takes to generate a sale based on all affiliate statistics. This number tells you how much traffic you must generate before you can earn a commission from the sale.
How are referrals from an affiliate’s site tracked and for how long do they remain in the system? You need to be confident on the program enough to track those people you refer from your site. This is the only way that you can be credited for a sale. The period of time that those people stay in the system is also an important factor. This is because some visitors may not buy initially but will want to return later to make the purchas. Such sale should be credited to you.
Are Affiliate stats available?
What are the kinds of affiliate stats available? Your choice of affiliate program should be capable of offering detailed stats. They should be available online anytime you decide to check them out. Constantly checking your individual stats will let you know how many impressions, hits and sales are already generated from your site. Impressions are the number of times the banner or text link was viewed by a visitor of your site. A hit is the one clicking on the banner or text links.
Does the affiliate program also pay for the hits and impressions besides the commissions on sales? It is important that impressions and hits are also paid, as this will add to the earnings you get from the sales commission.
Who is the online retailer? Finding out whom you are doing business with enables you to know if it is really a solid company. Know the products they are selling and the average amount they are achieving. The more you know about the retailer offering you the affiliate program, the easier it will be for you to know if that program is really for you and your web site.
Is it a one tier or two tier affiliate program?
A single tier program pays you only for the business you yourself have generated. A two tier program pays you for the business, plus it also pays you a commission on the on the sales generated by any affiliate you sponsor in your program. Some two-tier programs are even paying small fees on each new affiliate you sponsor.
Lastly, what is the amount of commission paid? 5% - 20% is the commission paid by most programs. .01% - .05% is the amount paid for each hit. If you find a program that also pays for impressions, the amount paid is not much at all. As you can see from the figures, you will now understand why the average sales amount and hit to sale ratio is important.
These are just some of the questions that needed answering first before you enter into an affiliate program. You should be familiar with the many important aspects that your chosen program should have before incorporating them into your website. These can help you select the right program for you site from among the many that are available.
The Useful Strategy Research Team
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