Affiliates can be your best friends?
An affiliate program is truly performance marketing. Sit back and let other companies market your products or services. Then pay them a commission on sales they generate--no cash up front, and no paying for marketing that doesn't work. But before you sign up a bunch of affiliates to drive sales through your Web site, create a strategy. After all, your affiliates should complement your marketing efforts, not compete with them.
The first rule is simple: Don't fish in the same pond. Affiliates provide value by reaching untapped markets. For example, a company with an e-zine may make a good affiliate because its subscribers are hungry for resources. So introducing your offer through a "trusted" company can grab the attention of prospects you might not have otherwise reached.
What marketing efforts should be off-limits to affiliates? That's easy--any channel you are using, such as search engines, content sites or e-mail lists. The typical affiliate commission fee of 10 to 50 percent per lead or per sale is a nice profit in your pocket. So don't compete with affiliates for the same sales. Put marketing restrictions into your affiliate agreement and notify partners immediately. Hey, it's your program. You set the rules and the article. Feel free to let your affiliates run the majority of your Internet marketing if you prefer. The savvy ones know how to work the Net for maximum sales.
Once you have protected your prospecting pool, maximize your affiliate program by working with the best and leaving the rest. "Most marketers know that 80 percent of their revenues come from 20 percent of their customer base," says Allan Gardyne, CEO of AssociatePrograms.com, an online directory of affiliate programs. "However, 2 to 5 percent of affiliates will make nearly all of your affiliate sales." Because it can be time-consuming to manage a larger affiliate network, consider selecting only a few companies initially. Interview them. Affiliates are an extension of your sales force and represent your brand on the Net, so choose partners carefully.
Of course, you may think "What about Amazon.com?" True, Amazon.com has more than 600,000 affiliates, and there's no doubt they have helped drive sales and the online brand. But businesses with limited time should focus on strong strategic partners. A few key affiliates can be all it takes to boost your bottom line.
Published by Gayathri Devi on February 15th 2012 | Art
Published by Julia Roger on April 3rd 2012 | Art
Published by Gayathri Renusridevi on August 20th 2012 | Art
Published by Gayathri Vasudevi on July 12th 2012 | Art
Published by Gayathri PraneethaDevi on June 13th 2012 | Art
Published by Gayathri Devi on February 16th 2012 | Art
Published by Gayathri Devi on March 17th 2012 | Art
Published by Gayathri Devi on March 15th 2012 | Art
Published by Gayathri MrudhulaDevi on June 8th 2012 | Art
Published by Lamar Wisneski on March 9th 2012 | Art
Published by Gayathri Vindhyadevi on July 30th 2012 | Art
Published by Gayathri Akshithadevi on July 18th 2012 | Art
Published by Gayathri Devi on March 10th 2012 | Art
Published by Gayathri Devi on March 1st 2012 | Art
Published by Gayathri ChaitraDevi on June 21st 2012 | Art
Published by Gayathri VijayaDevi on May 8th 2012 | Art
Published by Gayathri LilliDevi on April 25th 2012 | Art
Published by Gayathri Srilaxmidevi on August 10th 2012 | Art
Published by Gayathri Devi on March 12th 2012 | Art
Thewalkingcompany.com coupon is something that offers you discounts on some of the most cherishe...
Published by Gayathri Devi on February 13th 2012 | Art