
If you are interested in increasing sales, you may consider starting your own affiliate program. When doing so, you use either affiliate tracking software or the services of a third-party affiliate hosting website. Depending on the products you sell or the type of your business, your affiliates can use sales page templates or graphic banners and text links to promote your company. Regardless, tracking information is imbedded inside. Each time an affiliate makes you money, you both get paid. You get the sale and they get commission.
At first glance, it sounds easy to run an affiliate program; there is more to the process though. For starters, you must have graphics for your affiliates to upload. You must decide what interested individuals should be brought onboard. Then, you must be available to answer any questions, take suggestions and complaints. If this seems like a lot of work, you may consider hiring an affiliate program manager, but should you?
It should all depend on what you are selling. Affiliate programs are used to sell a wide range of products. Some use them to sell a single product, like a how-to eBook. On the other hand, retail stores of all sizes use them to increase sales. In most of these cases, it doesn’t matter which items sell, as long as there are sales.
If you are selling a single product, like the above mentioned eBook, manage your own affiliate program. You should have time. You wrote, proofread, edited, and listed the eBook for sale. There is not much left to do, as sales are automatically delivered to buyers. Managing an affiliate program will not consume your time. In fact, you can start writing your next eBook too!
If you are a small to medium sized business owner selling various products, it may be a good idea to hire an affiliate manager. With that said, think about your tasks. If you order your products wholesale, the process does not take long. However, if you make each of your products by hand, you barely have enough time to maintain your website, let alone promote an affiliate program. In this instance, an affiliate program manager would come in handy.
Another factor to consider is the employees you have. If you are self-employed and selling your own handmade goods, you work for yourself and alone. If you operate a small to medium sized business, consider delegating some of the tasks. Throughout the day, various members can answer emails or take suggestions from affiliates. This step is ideal in that you do not have to pay for or create another position. Share the tasks and the job is accomplished.
If you are thinking about hiring an affiliate manager to manage your program, your first instinct may be for a part-time position. This is good, as you have to pay less. However, when affiliates want help, they want it quick. Your affiliates don’t want to wait and may get discouraged if they have to wait 4 days to get an answer from your manager.
If you do decide to hire an affiliate manager, it is best to hire someone who can wear many hats. This person should have experience in sales, customer service, marketing, and graphic design. Your affiliate can handle any problems or tasks that involve your program, such as checking for links, creating and uploading new banners, providing technical support, and processing payments.
Showing posts with label E-book. Show all posts
Showing posts with label E-book. Show all posts
If you operate an affiliate program, you want to provide your affiliates with help and support. The better they do, the more sales you make. With that
Image by Fuzzytek via Flickr
First, it is important to look at the standard definition of good. Those that bring in many sales are automatically good. They fall into this category. You want to give them everything, within reason, that they need to keep generating sales. This may include new graphics. With that said, also consider the potentially good affiliates. These individuals need help, but have the potential to become big moneymakers. For example, they may have a well-designed website and good ad placement, but are not actively marketing their website.
For your affiliates that fall into the potentially good category, provide many tips. Most are now just learning the ropes of affiliate programs, internet sales, and internet marketing. They are spending a lot of their own time researching the ins and outs. Make it easier for them. Have information available online for them to read. This information can include how-to guides on your website, links to other websites, or downloadable eBooks. Show your affiliates with potential how to market a website, how to improve ad placement, the importance of both, and so forth.
For your potentially good affiliates, make sure someone is available to answer their questions and provide support. This is needed when dealing with those just learning the ropes. Yes, you need to devote a lot of time into helping, but the payoff should be worth it in the end. If someone has a good website, but needs help marketing that website, ensure they get the help. Whether it be with marketing, ad placement, or uploading coded graphics, ensure your affiliates with potential are never left to fend for themselves. You don’t want them to pack up and leave.
Also for the potentially good affiliates, review their websites. This is someone who you noticed increased his or her sales, but then seemed to hit a roadblock. You have access to their website or sales page. Visit it, look around, and make notes. Contact that affiliate. Tell them you want to help them improve their earnings. Mention you viewed their website and give a few helpful suggestions. Remember, they earn money by generating sales for you, which increases your own personal profits. When taking this approach, don’t focus only on the bad. Give suggestions for improvement, like with banner placement, but compliment them on something good too.
For good affiliates, pick their brains. Ask them for suggestions. Don’t wait for them to come to you, as some won’t. You might assume a top earning affiliate couldn’t do more to increase their sales, but they likely have hundreds of ideas floating around in their head. Ask. They may want you to have more uploadable graphics or links to individual products. They may wish it was easier to search for banners than having to browse through 30 pages. Not only take their suggestions, but try to implement them. Your top earning affiliates generate big sales for you. Ensure they are happy and stay onboard.
The best way to support both good affiliates and those with potential is to offer rewards. Make sure these affiliates are recognized for their hard work. If you can’t afford to raise their commission levels permanently, do a short-term increase, a one-time bonus, or use their name in a company newsletter.
If you run an affiliate program, do you reward your affiliates for a job well-done? If not, you should start and immediately. These programs rely on the hard work and determination of affiliates to be successful. You may be surprised how much motivation rewards provide.
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As great as it is to hear that you can and should reward affiliates for a job well-done, why? It is really worth the time and effort. Of course it is! Remember rewards are motivation. You need to motivate your affiliates. An affiliate is more likely to promote their website with your links and those links when they get an extra incentive for doing so. Don’t make the mistake of believing rewards are only for children. They are not and they can do wonders for your affiliate program.
Not only does rewarding your affiliates improve their drive and determination, but it should lead to more sales for you. An affiliate selling your eBook through an affiliate sales page is more likely to push your product and market it when they get rewarded. This means more sales for you. The same with retail store affiliate programs. Whether you sell one product or one thousand, you should notice an increase in sales after putting a rewards program in place.
Now that you know the benefits of rewarding your affiliates, what type of rewards can you do? Your options are endless. With that said, try to keep it related to your affiliate program. For example, reward top earning affiliates with commission increases. Reward all of your affiliates with a temporary increase in commission percentages during the holidays. Give away the some of your top selling products or electronic devices, like a new laptop.
It is best to reward your affiliate with prizes. This is a given, as people love free stuff. With that said, don’t discount a little bit of recognition. Do you send out monthly newsletters to your affiliates or have an online message forum? If so, highlight top earning affiliates or the most improved. Better yet, turn it into a learning experience. Interview that affiliate or provide links to their website or sales page. Let your underperformers see what it takes to be a successful, well-paid partner.
The simplest way to reward an affiliate for a job well-done is to send them a personal message. Did you notice that an affiliate helped to assist in a large sale, like a $2,000 television set? Send them a quick congratulatory message and thank them for participating in your program. People want to be recognized and congratulated for a job well-done. A boss shakes the hand of a well-performing employee in the traditional workplace, so try to do the same. Showing appreciation is a very simple yet effective way to improve moral and keep good performing affiliates onboard.
As you can see, there are many ways to reward your affiliates for a job well done. If you aren’t doing so now, give it a try. Monetary compensation or prizes always do the trick. As previously stated, people love free stuff and your affiliates feel the same way. As for sending a congratulatory message or featuring a notable affiliate, you open the line of communication. This is important when running a successful affiliate program; you and your affiliates must work together as a team.
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