|
When
to say "When" to an affiliate program
By Chuck
McCullough
How long should you promote an affiliate program before you make the
decision that it just isn't going to work for you?
Let's face it, no matter how well a particular product may do on other
websites, it just might not be right for yours. Statistics show that only
a small percentage of affiliates for any given program actually make any
money. What happens if you are one of those that falls into the category
not making money? Is it time to take down the site and let the domain name
registration expire?
No way! But it just might be the right time to make some changes to
your strategy. Analyze your website and the programs that you have signed
up for. Determine which of those REALLY appeal to your target audience. I
said REALLY because I want you to look at the programs from the viewpoint
of your visitors, not from the viewpoint of which ones are supposed to
make you the most money.
There's a lot of advice out there on which programs to pick for your
website, highest commissions, monthly payout, online reporting, etc, etc,
etc. The fact is that you don't always have that choice to make. You need
to concentrate on the products that your visitors will be the most
interested in. What programs compliment your website's content and theme
are much more important than signing up for every program promising to
make you rich with only one sale.
I'm a great example of the above information. One of my websites caters
to a highly targeted audience. I have tried many affiliate programs and
advertising solutions on that site over the past two years. You know which
program consistently beats all others? Amazon.com!
I get paid quarterly not monthly (make that a month or two after the
quarter has ended), I only get credited for that visit, not repeat visits,
and up until about a month ago had to wait until Monday of each week for
my emailed statistics.
Believe it or not boys and girls, Amazon.com doesn't fit into the
'model affiliate program' mold that we read so much about. Now, I'm not
trying to be hypocritical here, I too feel that you should do your best to
find quality affiliate programs that offer all of the above benefits and
then some.
I'm just trying to tell you that if you find a program that really
appeals to your target audience, you CAN make some money with it. Don't
pass up products that your visitors would really be interested in just
because they don't pay you enough. Because if your visitors really do
purchase from a particular program and you can show consistent sales you
will be able to appeal to the merchant and ask them to increase their
payout to you.
This happens a lot in this industry, especially if it is a good fit for
both sides. Worse case you might be able to get away with telling them
that if they don't cooperate with you, you're going to change to another
program. Chances are they don't want to lose your business, and they will
work something out for you.
So now we've done the easy part and dumped the programs that we know
aren't appropriate for our site. What about the ones that are fairly
targeted to our content and that our visitors might be interested in? How
do we know when the amount that we are going to earn doesn't justify the
time and effort to promote a particular program?
I once read that you should give at least 3000 impressions to any given
program before making the decision to keep it or drop it. I don't quite
agree with this statement. According to this, I post a banner on my site,
and if it hasn't made me any money by 3000 impressions, dump it.
We all know (at least I hope we do!) that there is much more to being
successful with affiliate programs than just adding banners to your
rotation.
So how do we set a benchmark? This has to be determined by you. It is
based on your website, your visitors, the program, and the amount of
effort you have put into promoting the program.
Have you blended the product offerings in with your content? Have you
given personal recommendations for any of the products? Have you displayed
the links and/or graphics prominently so that the majority of your traffic
has a chance to see them? Have you mentioned new product offerings to your
newsletter subscribers?
If you can answer yes to the majority of the above questions, then you
can make a determination as to how long to try the affiliate program. If
you've done these things and your visitors have passed right by the
offerings for a decent time frame and nothing has happened...its time to
move on!
Find another program and give it the same due diligence. If you do this
with each and everyone of your targeted programs, you WILL find a program
that will perform for you!
This process should be familiar to you...many, many internet marketers
preach this concept...simply known as...TESTING!! Your online career is a
series of continual tests. Try one product, if it doesn't work for you,
get rid of it and try another one.
After you have done this testing, then and only then, can you say
"When" to an affiliate program.
Chuck McCullough is the owner of http://AffiliateMatch.com
offering FREE articles, tips, hints, and real-world advice on how to make
money with your website. Visit his site or join his FREE newsletter, The
AffiliateMatch Informer by sending a blank email to mailto:newsletter@affiliatematch.com.
|