Ama, you mentioned the “refund rate” in your article but I believe that need a bit more explanation. Let’s take a down-to-earth example. We recently launched an affiliate campaign for our online coffee shop and got an affiliate who sent us a customer. The customer makes a $100 purchase. The affilite gets his $5. Soon a refund is requested (the client wanted a decaf coffee, for example). How do we deal with the $5 that we sent to the affiliate. What I expect is that we need to state the refund period (say, 7 days) and the affiliate money are released only after those 7 days. Is that correct?
Be sure to check what kind of customer support you can expect from your affiliate program once you have signed up. Do your research online and if possible, speak to other sellers using the program to get their thoughts. Can you speak to someone via phone or Skype or do you have to wait 72 hours for email responses? Be clear on this because trust me, you will need support at one point or another.
Tracking your billable time should not get in the way of your billable time. Gone are the days of spreadsheets, sticky notes and pads of paper. Bill4Time’s software offers you 3 ways to access your account and track time. Access online, with your mobile phone or on the desktop widget. Once you enter and record your time, it’s organized and ready for invoicing. Typical targeted referral partners include lawyers, litigation assistants, accountants, independent contractors, consultants, associations, blog writers, reviewers and more.
Also just known as SEO (it’s not some company position for those of you who are confused) is a great tool to use when promoting products. It basically is a process that allows the visibility of a website among search engines by using “natural or organic” searches. Although this does not really bring you results right away, it can be very productive in the future as long as you use white hat techniques. If you keep using clean methods to direct traffic in your website then you will surely reap its benefits in the end.
I would honestly just start with Amazon if you’re looking to sell toys. As your website gets more traffic, you can start looking into other retailers. Once you have traffic and some conversion data from Amazon, you will likely be able to broker private affiliate retails with a few toy retailers. You may even be able to help them set up better funnels in general that lead to better conversions. Once you have the traffic and conversion data, you’re in a much better place to negotiate
When promoting affiliate offers, just make sure you are fully aware of all the terms and conditions attached to your affiliate program. Some programs can be strict about how they allow you to promote their products. For example, some may limit you to banner ads and links only, while others will allow you to use paid advertising, but won't allow email marketing.