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Affiliate Programs. How To Set One Up.
Category: HOME BUSINESS
The best way to propel your business, is to use an affiliate program. With an affiliate program you have a lot of other people promoting and selling your product. One of the big advantages of this is that you only pay for the promotion after a sale has been made.
It also means that your product now has many people promoting it. This creates a viral effect and helps make your product to be seen as being very popular. So even though you may need to share 50% of the income with your affiliates you still end up making a lot of money.
If you did all the promotion your self, even with a big list of e-mail subscribers. And let’s say your list was 100, 000, and you had a conversion rate of 0.4%. This would mean that you would sell four hundred copies and keep 100% of the income.
Now we will carry us a little bit further. You decided you also wanted to use affiliates to promote this product. With 100 affiliates selling 10 products each, you have just sold a further 1000 copies of your product. Even though you now share 50% of the profit with your affiliates. You still end up making far more money with far less effort.
If you own a product, you really need to use an affiliate program. How can you set up an affiliate program? There are two ways and both of them a good. You could buy software to run on your server. I’ve personally had experience with a software program called Jam Affiliates from Jrox.com. It is powerful and easy to use and administer.
The other that I use is ClickBank. In using ClickBank, you do not have to install a script on your server. And it is preferred by most affiliates. They like it because they are assured of being paid. ClickBank’s affiliate program is free to join. To be a seller on ClickBank is very cheap.
Personally I love ClickBank. For one thing, ClickBank recruits the affiliates. It also handles all the administration duties, which makes my life much easier. You don’t have to worry about paying your affiliates, it’s all done by ClickBank. So when you get your check from ClickBank, it is all yours. And your affiliates love it as they feel more secure with ClickBank.
It’s obvious that if you want to make a success of your marketing on the Internet that you will need to use affiliates. The two that I’ve mentioned and have experience with are both good. But I must admit that ClickBank is by far the easiest, in that all the administration is handled for you. There is a small cost in their commission, but that is well worth it.
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