Tips
for Making Your Affiliate Program Attractive
The most important aspect of any affiliate program is the
incentive. You should offer better incentives than your competitor
sites. Money is the biggest and best form of incentive you
could offer your customers. Offering a percentage of your
sales revenue resulting out of each successful hit can be
a great incentive.
If you are selling a digitally downloadable information or
software product, I suggest offering 50%-75% commission to
your affiliates. Since these type of products cost you practically
nothing to distribute once created, you want to offer the
highest commission possible to motivate your affiliates.
Otherwise they will simply find other people’s products
to promote who pay better than you do. Trust me on this one.
I’m a top affiliate for multiple affiliate programs
online who have won my loyalty by paying me better than their
competition. Apart from the normal incentives, offer something
unique such as cash awards and bonuses for the top affiliates
who are responsible for bringing in the highest traffic or
highest business to your website. This would provide greater
motivation for affiliates to not only join your affiliate
program but also refer your website to more people. In fact,
one affiliate program that I was not a member of started publicizing
a contest where the person who referred the most new members
by a certain date would win a $10,000 cash prize. Because
of the excitement from that company’s membership, word
got out and I decided to join the company’s affiliate
program myself so I could take a shot at the prize.
A few weeks later, I had referred over 600 new paid members
to the company through my online marketing efforts and won
the coveted $10,000 prize. That’s the power of offering
a prize/reward to your top affiliates! Standard affiliate
programs only reward the direct affiliate for referring new
customers. To stand out from the crowd, set up a 2nd-tier
or multi-tier affiliate program.
In other words, reward both the affiliate responsible for
bringing customers to your website as well as the person who
had originally referred this affiliate. Allow me to illustrate
this strategy. Let’s say that John referred Max to your
website and your affiliate program. Max liked your affiliate
program and joined it and eventually bought your product or
service offered on your website. In this case, John would
get a percentage of the profit.
Now let’s say, Max referred your website to a friend
of his – Harry. Harry visits your website – likes
your product – and buys it. A single tier incentive
program would reward Max by giving him a percentage of the
profit generated. A two-tier incentive program would offer
Max a
percentage of the profit, as well as John a percentage of
the profit, because John referred Max in the first place.
Multi-tier affiliate programs can be very profitable.
The above point can be explained in simple terms as “Make
it as easy and as natural for affiliates to promote your product
or service as possible, by letting your affiliates benefit
from those whom they refer”.
This will encourage your affiliates to convince more people
to visit your website, buy your products and join your affiliate
program.
Using E-books for Affiliate
Marketing
If you've been delving into affiliate marketing at all, you're
no doubt aware of the viral potential for e-books. It's the
affiliates who make them viral, after all, passing the word
about the product to their website visitors, ezine subscribers,
and clients, with the goal of
earning a commission from a sale.
The possibility of re-branding the ebook (that is, customizing
certain portions of it, or changing the affiliate link coding
so that the current host of the download can gain from the
affiliate commissions) adds pass-along momentum as discussed
earlier.
Let me explain the concept of re-branding further. If you've
created a useful e-book which also promotes your products
or services and where affiliates can change the links in your
book to point to their affiliate links, you can let your affiliates
give this book away to their
visitors and subscribers as something useful for them, as
well as something that gives your affiliates a chance of selling
your products to everyone who reads their branded copy of
your ebook.
Remember, an ebook can come in the form of a report, a catalog,
a sales presentation, a detailed list of features, and so
much more – the possibilities are endless. It could
be whatever that is helpful to your visitor and your customer.
It can contain graphics, hyperlinks and, with some compilers,
even animated graphics and multimedia.
An affiliate can use downloadable ebooks to enhance the attractiveness
of his or her website or ezine, use the ebook as an incentive
or simply engender a feeling of trust in their visitors and
readers by providing quality information and advice for free.
This technique allows affiliate program merchants to help
their affiliates to become more acquainted with viral marketing
and more effective in selling online. Using ebooks as a source
of affiliate viral marketing can dramatically increase traffic
and profits for any website.
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