Affiliate Commission - Strategy to Boost Your Residual Income
Earning Affiliate commission or Residual income - is the
ultimate goal of Affiliate marketer. It is ideal to have your
own website. Affiliates then sign on to several Merchant
affiliate programs.
By using different marketing strategies promote those products,
lead the prospective buyer to merchant sites and earn their
living in the form of Affiliate commission or Residual income if
you prefer to call that.
This is all without dealing with customers directly, refunds,
product development and maintenance.
This is one of the easiest ways of launching into an online
business and making a decent living.
Assuming you are already into an affiliate program, what would
be the next thing you would do to double, or even triple, your
commissions? How would you do that?
Here are some powerful tips on how to boost your affiliate
commission in short period of time:
1. Know the best Affiliate programs and products to promote.
Obviously, you would want to promote a program that will enable
you to achieve the most commission in the reasonable amount of
time.
There are several factors to consider in selecting such
Affiliate programs.
Choose the ones that have a generous Affiliate commission
structure. At least 30% or above.
Choose the one which have products that fit in with your target
audience area of your interest and expertise
Choose the one that has a solid track record of paying their
affiliates easily and on time.
Choose the one that keeps your customer that you send under your
account i.e. establishing a cookie for a long period of time
e.g.atleast 6 months to a year. Life time would be the best. So
you do not loose them once they leave you site or your well
deserved Affiliate commission.
If you cannot seem to earn your commission, dump that program
and keep looking for better ones.
There are thousands of affiliate programs online which gives you
the reason to be picky. You may want to select the best to avoid
losing your advertising dollars.
2. Build your Opt in list of prospective buyers. Use that list
to PreSell your affiliate program products.
How to build the Opt in List?
Offer free newsletter, eBooks, when a visitor visits your site.
Collect the contact information when they decide to order for
these free offers.
It is a known fact that people do not make a purchase on the
first visit. You may want to send out your message atleast six
times on an average to make a sale.
That means keeping in touch with your visitor is of paramount
importance for health of your Affiliate business.
This is the reason why you should collect the contact
information. You can do follow-ups on these contacts. You keep
sending them the reports, provide some valuable information for
free.
If possible, add some Reviews and recommendations about the
products. Customers will see that in you and they will be
enticed to try out what you are offering.
This is a way to keep your visitor in your sight. This kind of
attention leads to repeat visits by the visitors.
That may improve your conversion rate. This leads to a purchase
of your product and that means commission for you.
Get the contact information of a prospect before sending them to
the merchant partner's website. Keep in mind that you are
providing free advertisement for their products.
You get paid only when you make a sale. If you send prospects
directly to the vendors, chances are they would be lost to you
forever.
But when you get their names, you can always send other
marketing messages on other products you are promoting. So you
will be able to earn an ongoing Residual income instead of a
one-time sale only.
Publish an online newsletter or Ezine. It is always best to
recommend a product to someone you know than to sell to a
stranger.
This is the purpose behind publishing your own newsletter or
eZines. You provide very valuable information to your
prospective buyers which either relates to there business
interest or product they are looking for.
This also helps you to establish a relationship and
trustworthiness with your subscribers.
While using this strategy, you have to keep a delicate balance
between providing useful information and a sales pitch.
If you continue to write informative editorials you will be able
to build a sense of reciprocity in your readers that may lead
them to support you by buying your products.
3. Once you establish your self as reliable and profitable
Affiliate to your Merchant partner, you can always request for a
better deal like higher than normal commission from merchants.
If you are already successful with a particular promotion, you
should try and approach the merchant parner and negotiate a
higher percentage of Affiliate commission for your sales.
If the merchant is smart, he or she will likely grant your
request rather than lose a valuable asset in you. Keep in mind
that you are a zero-risk investment to your merchant.
so do not be shy about requesting for addition in your
commissions. Just try to be reasonable about it.
4. Write strong pay Per Click ads(PPC). PPC search engine is the
most effective means of advertising online.
As an affiliate, you can make a small income just by managing
PPC campaigns such as Google AdWords, Overture and some other
compaigns.
Then you should try and monitor them to see which ads are more
effective and which ones to dispose off.
Bottom line: Try out these strategies and see the difference it
can make residual income checks as you build a very successful
Affiliate Business.
Do not be afraid to try out newer strategies and discard those
which have not born fruits i.e.earns you the most Affiliate
commission for your labor.