Posts Tagged ‘Commission Checks’

How To Market Correctly On The Internet

Friday, November 13th, 2009

Did you ever get involved in a multilevel marketing scheme? You know the process. A friend or a co-worker has ran into this cool inexpensive product that is sure to make you a load of money. All you have to do is pay a sizable entry fee and then commit to buying so much stuff every month in order to qualify for your big commission checks. Your down line was going to make you rich because nobody would really resist to buying into such a great bargain. The result was almost inevitably painful. You lost money and you got stuck with stuff you did not need and were never going to use. The question I would ask is this: Why is it that the vast majority of people that get involved in multilevel loose money? But more important than that: What is it that makes those few elite multilevel marketers successful and ultimately rich? Common sense will give you the answer of course. The successful multilevel marketers have these characteristics. They have at least some ability to sell, they work very hard and they do not get easily discouraged. By now you should be asking: What does this have to do with internet marketing? The answer is very simple. In multilevel you need some ability to sell. On the internet you must have some computer savvy in order to follow simple instructions, so that you can create and operate your own website. In multilevel you need to work hard and not get discouraged by a few setbacks. On the internet it is the same. If you have had any experience spending money on internet marketing schemes, you should be able to discern the fallacy when you hear “You don’t need a website to make money”!!! But where did you sign and spend your money? On a website!!! It should have been so obvious and yet many of us did not see it. A multilevel marketer without some ability to sell has no chance of making money. An internet marketer without the skills to create and operate a website is like a multilevel marketer without any salesmanship. People who come to a website are already looking for products or services. However, notice the key points of the last statement. “website” and “people come”. These are the keys. You need a website and you need to drive people to it. Any other approach is almost certain to fail. For extensive answers and free information

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How To Choose An Affiliate Programme Out Of So Many

Friday, October 30th, 2009

Everyday we are bombarded with all kinds of affiliate programmes promising heaven and earth and claiming to be your ultimate recipe for financial success. There are several ingenious marketers who are daily releasing programmes that appear to be the answer you need to embark on your journey to financial freedom. Often times, you are rudely shocked to realize that the programme you have joined is far from what you had expected and that your financial investments have gone down the drain.

Hence the need to ask questions. Let me repeat that it is absolutely necessary for you to ASK a ton of questions before you join any affiliate programme as it will save you avoidable heartache later. Take time to conduct some modest research about the features of the affiliate programme you are considering as you are going to be devoting time and financial resources on it.

Some of these questions shall include whether it will cost you anything to join. However, it is given that this will be free as most lucrative affiliate programmes that abound today cost you nothing to join. Therefore do not consider any programme that requires you to make some payment prior to joining.

Next point to consider will be the hit- per- sale ratio. In other words how many hits to a banner or text link will you have to record to record a sale? This is important because it will assist you to work out the traffic level that is required to generate a given desired number of sales. And of course it has a direct bearing on the amount of commissions that you qualify to be paid by the merchant.

Similarly, you will do well to find out when your earned commission checks will be ready for collection and how often you will be paid in a month. How many sales will you have to record to be entitled for a commission check? What is the minimum amount required for the commission check to be issued? Anyway, you have to choose the option that you feel is the most suitable to you.

The next question for which you must find an answer before you decide on any affiliate programme is the accuracy of the tracking system. How are referrals from an affiliate?s site tracked? Will the tracking system remain long enough such that when ever a prospect that you refer decides to purchase several weeks later you will still be credited with that sale? You must therefore find a programme that has a good tracking system that has this capacity.

Another important parameter that you should also consider is the group of affiliate statistics that are available to you from the merchant processing system. Such statistics should be detailed covering all relevant indices and available online real time 24/7. This will assist you in determining and monitoring your progress or lack thereof. Naturally, you will be very much interested in the average daily hits, impressions, sales and the like as these data are important in deciding whether you should modify your ads, banners etc.

You can also, depending on the nature of the affiliate programme, find out whether you can also be paid for hits and impressions in addition to the sales recorded. This is particularly important where the programme you are associated with offers low sales ? to- hit ratio.

A very important consideration in choosing your affiliate programme is the percentage of commission that is paid out to the affiliates per sale. Considering the fact that it costs virtually the same effort and financial resources to promote your affiliate programmes you must insist on reasonably adequate commission payments. 50% appears to be the dominant practice these days but anything higher will be appreciated.

Similarly, is the affiliate programme a one-tier or two-tier programme? A one-tier affiliate programme pays you only for the sale that you personally generate while the two-tier programme pays you for the business generated by your sponsored affiliate.
Infact, some programmes even pay what could be termed recruitment fees in order to inspire affiliates to exert themselves in getting more sign-ups.

It is equally important to try and know your merchant better. Determine if they are a solid company and their basic line of business and their products. Your research should also assist you to determine their relative standing in that particular niche and how easy it would be for you to successfully market their product and make some money in the process.

All said, these are only some of the basic questions you must find answers to before you jump into any particular affiliate programme. They are by no means exhaustive but are only supposed to provide with the basic guidance you need before making your choice out of the cacophony of claims and promises that abound on the internet. Whatever the case, however, you must be ready to work your business to success like many have been able to achieve and are financially happier for it.

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How To Choose An Affiliate Program That Can Make You Money

Tuesday, June 16th, 2009

There are numerous things to consider when you are thinking of promoting an affiliate program. Clearly you want a good product or service, but what else should you think about? Before joining any program, do a little analysis and ask yourself these nine questions.

1. Is this a product that I feel good about promoting, would I buy it? Choose a program that you enjoy and believe in. It is much easier to endorse products and services that you enjoy.

2. Is there a charge to join? The majority of the affiliate programs being offered now are without charge. So why pay them to promote their product? Think of it like a job, would you pay your company to hire you? Probably not, so why pay for an affiliate program.

4. How often and when do they distribute the commission checks? Every program is different, do they issue their checks monthly, every two weeks, or every quarter? Select the one that is suited to your life. It is becoming standard practice for affiliate programs to have a minimum payout. You want to be aware of what it is and if there are any other conditions. Additionally, do they have more than one payout choice, or is it only through checks. Numerous affiliate programs are now offering choices of how you would like to be paid.

5. Does it have a good hit per sale ratio? Hit per sale is the average number of hits to a banner or text link before there is a sale - this is based on all affiliate statistics. Hit per sale percentage is very important to know as this will give you an idea of how much traffic you will need before you can earn a commission. Bear in mind this is an idea not a solid fact, it could take more traffic, but it also could take less. Use this percentage as a broad idea of traffic, not as a fact.

6. How do they track referrals from an affiliate?s site and how long do they remain in their system? This is how you get credit for a sale. The period of time that visits stay in the system is also vital. It can take people some time to decide if they want to purchase, and if they saved the main sales site you want to feel certain that the system keeps track of where they first came from. It is good to know you will still receive credit for the sale if it is done months after the original visit.

7. What kinds of affiliate stats are followed? You should be able to get detailed stats, and be accessible online anytime you want to check them. Checking your statistics is valuable. If you are aware of how many impressions, hits and sales are being generated from your site you can make changes or corrections if needed. Impressions are the number of times the banner or text link was viewed and a hit is the number of times the banner or link was really clicked on. This is helpful knowledge, as it lets you know if you ought to modify where or what type of link you are using. If the number of views, hits and sales is good leave it alone. But if the numbers are low, you may want to change it.

8. Who is the retailer? You want to know who you are doing business with. Is it a rock-solid company? What are the other products they are advertising and the average amount of sales they are getting. The more you know regarding the retailer, the easier it will be for you to know if that program is really for you and your site.

9. Does it have a one tier or two tier program? A single tier program pays you only for the sales that you make. A two tier program pays you for your sales, and it also pays you a portion of the sales generated by any affiliate you sponsored. Some two-tier programs pay a recruitment fee for each new affiliate you sponsor before they make a sale.

10. What is the percentage of the commission? You will discover commissions can go from 5% - 75%. If you use a program like Adsense, they pay 0.01 to 0.02% for each click. The amount paid is not a lot, but if enough people click the link, it can add up. It is not always sensible to look just at the percentage of the commission. If a product that has a fifty percent click to sale ratio, and pays 25% commission of $8, is compared to a product that has a 10% click to sale ratio and pays a 60% commission of $22. Which is better?

Prior to joining an affiliate program ask yourself these questions. The more familiar you are with the program the more likely you are to make money.

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