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?
Excellent list. Shareasale has been my best performing from the list. Another strategy I’ve used is to contact individual companies and ask about their affiliate programs. Some companies run in-house affiliate programs, which means they have a select few affiliates that they work with. Such companies can be quite profitable to work with as you’ll be competing with way less affiliates.
Round-the-Clock Customer Care. HasOffers provides an easy-to-use, intuitive user interface to help executives manage their affiliate marketing campaigns. But, they went above and beyond their call of duty by backing it with round-the-clock customer support. With this feature, you may tap their representatives via phone, chat, or email any time you have a question, and you can be sure that their staff will accommodate you.
Great article. However, I disagree with this statement “There is absolutely no point in joining these affiliate program when your web traffic is low” to an extent. While the logic may seem to be there you can in fact pay for traffic to drive them to squeeze pages that then lead them to a sales page to lets say a jvzoo offer. But overall great article. I wonder what your opinion is on that? Taking a jvzoo offer building your own squeeze page and sending paid traffic such as solo ads.
One of the best-known ways to earn passive income is to own a rental property. Renting out a building can bring in a tidy sum of money each month, with little work in some cases – but it also requires a big chunk of cash up front to buy the property. Also, the money you collect in rent isn’t pure profit, as it also has to cover all your expenses as a landlord, including mortgage payments, property tax, insurance, maintenance, and any property management fees.
Software is one of the most lucrative passive income streams but most online entrepreneurs shy away from it, mainly because of the technical aspect that is involved. The truth is that you don't need programming skills to build a software; the whole process can be outsourced fairly easily. You do need to know how to pick a good developer and, of course, have a winning idea that customers are willing to pay for.
Ezines and newsletters are periodical publications whose aim is to inform a group of people about a certain subject. In your ezines and newsletters, you don't always have to promote your merchant's product for this may greatly annoy your subscribers. Rather, find a way to insert your affiliate ads and links on some portions of the letter. Also, don't forget to promote your ezine or newsletter on your website.
I know it’s part of Shareasale, but Wayfair might be worth mentioning. They’re a huge site (mainly home & garden and pets) and actually have a better selection than Amazon in a lot of categories. I used them successfully on an old home furnishings site I had since Amazon’s selection of products was lacking in this particular niche. 5% commission on everything with a 30-day cookie and easy to get approved from what I remember.
Active income, on the other hand, involves earning money in exchange for a service. It could be a salary, an hourly wage, commissions, or tips. It’s essentially a trade of your time for a fixed dollar amount. Most people choose to live this way, and there’s nothing inherently wrong with that, as long as you understand that there will be a limit to how much money you can realistically earn.
Your website can manage affiliate traffic. Before you begin thinking about investing in this marketing scheme, you must also determine if your website is capable of managing affiliate traffic. Otherwise, you will need to find an application that offers attribution tracking to ensure that you are accurate in sorting the leads that your affiliates generate.
Affiliate marketing is rewarding to anyone who is in the online business given that they know what to do but for those who are new to this concept, it could be pretty mind-boggling. However, it is also a great way to earn money online the moment you know its twists and turns. If you are planning to embark in affiliate marketing then I am happy to share with you these helpful techniques to assist you in promoting affiliate products online.
JVNotifyPro is a great resource and I have been using it for wuite a while now. For an affiliate marketer, it is a good site to be associated with as you get first hand notification of upcoming products and as you know, sometimes, being an early adopter can work wonders 🙂 Anyway, the key is indeed “finding the right” affiliate program and stick to it for a little while 🙂 Great advise
Be sure your Web site is integrated with your company's other marketing activities. Don't make the mistake some traditional companies do and create an Internet effort that is disconnected with your company's off-line efforts. Your Web site should be connected with your company's off-line efforts. This means more than throwing the company Web address in your ads.
SEO – Another popular method of promoting affiliate products but also the most difficult is Search Engine Optimization. SEO is the process of improving the visibility of a website or a web page in search engines via the “natural” or un-paid (“organic” or “algorithmic”) search results. SEO doesn’t bring results instantly but it can be extremely rewarding in the long run.