21 Jan 09 Make Money Using Affiliate Marketing

Affiliate programs (also referred to as “reseller” or “associate” programs) are a great way to get other people called “affiliates” to promote your product or service for you. For every paying customer your affiliates refer to your web site, you pay them a commission. And since you only pay when you make money - it’s extremely low risk.

 

Your affiliates send visitors to your web site using banner ads, text links, letters of referral, and so on, while you track these referrals using special software. It’s an extremely powerful way to grow your business because it automates your traffic generation.

 

To get started with your own affiliate program, you need to:

 

·         Set your commissions. (To keep your affiliates motivated, you should pay them 40% to 50% of your profits per sale.)

 

·         Get software to track the traffic and sales of your affiliates so you know what to pay them.

 

·         Provide your affiliates with tools they can use to promote your products (like e-mails, banners, etc.).

 

·         Recruit your affiliates. (Look for sites that target your market, and invite them to become affiliates.)

 

·         Affiliate programs are an ideal way to automate your traffic generation because other people market your web site for you - and you don’t lift a finger.

 

·         Your sales increase on a daily basis - but they do all the selling for you, and it doesn’t cost you a dime until they send you paying customers.

Taken from the CoachingClub ezine

Tags: affiliate marketing, affiliate programes, make money, make money online with affiliates