Saturday, June 30, 2007

How To Choose An Affiliate Program


When it comes to how to choose an affiliate program we are very lucky today. There are so many affiliate programs today that you can find one for almost every niche your website or blog is about.

AssociatePrograms.com and Commission Junction are two of the better places to start looking. Clickbank is great for digital information products and they now are offering recurring billing for products and programs which should open up all kinds of new affiliate programs as well.

One of the first things to consider when choosing an affiliate program is do you like their products. You need to ask yourself if you would spend your own money to buy the very products you are considering promoting.

This is one of the common mistakes of beginning affiliate marketers. The simply choose the affiliate program that pays the highest commission, not on whether or not they would use the product. If you really like the product and would use it yourself it will make your job of promoting the product much easier.

Another thing to consider is how much commission you will earn on each sale. By determining how much you will earn per sale you can figure out how much you can spend to market the item.
The other factor that will determine how much you can spend advertising an item besides the amount of commission per sale is the conversion rate.

The conversion rate is usually expressed as a percentage. Usually any product that converts greater than 1% is a great product. By looking at the conversion rate and the amount of commission paid you can quickly determine if you can afford to promote the product.

You may really like the product, but if you have to spend a lot of money to promote it per sale it doesn't make much sense to join that affiliate program.

Your expertise about a product and industry should also be considered when choosing an affiliate program. The more you know about the industry the affiliate program is in the more likely you are to earn more than your competition.

When looking at the competition some people have differing viewpoints. Some people say you should look for small niches to promote products to because you could become a big fish in a small pond.

On the other hand some people say it is easier to make money in areas where people are already spending money. The choice is up to you, which is why you need to use your own skills and knowledge when choosing an affiliate program to promote.
One other valuable tip is start out with something you like. Knowledge is good, but so is passion. If you really enjoy cooking look for products you can sell when you begin to build a website or blog on cooking. You will get a kick out of research and you will be able to provide your own expertise on daily basis because you are cooking.

You get the idea how important it is to join the right affiliate programs for your market and to consider more than just how much you will make.
Google Adsense offers a terrific pay per click affiliate program and Max Bounty is a good place to start if pay per lead is what you are looking for. The Super Affiliate Handbook is a great book on affiliate marketing and you can find it here and more info on what is an affiliate program.