Are you a webmaster who needs money to keep your website running? Or is your website the only mode for you to earn income? Whichever you are, for as long as you are a webmaster or a web publisher and you need cash, affiliate marketing may work well for you. With affiliate marketing, you may get a lot of cash pouring into your bank account easily.
Well, simply because affiliate marketing is the easiest and perhaps the best way to earn profits online, unless otherwise you are a businessman and would rather sell your own products online than advertise other businessman's products on your site. But even online retailers can benefit from affiliate marketing programs, because affiliate marketing actually works for merchants as well as it works for the affiliates.
Affiliate marketing, purely said, is a bond or agreement made between two websites, with one site being the merchant's website and the other being the affiliate's site. In the relationship, the affiliate agrees to let the merchant advertise his products on the affiliate's site. The merchant, on the other hand, would agree to pay the affiliate in whatever method they have agreed into. This would generally mean easy income for the affiliate, as he would do nothing but place the retailer's ad on his site. This would also be very beneficial for the merchant, as getting affiliates to advertise their products would be a lot more inexpensive than hiring a marketing firm to promote their products.
There are a variety of methods on how the merchant would give back the affiliate for his services, and for the webmaster, these methods simply translates to the method by which he would earn easy cash. Among the more common methods of compensation are the pay-per-click method, the pay-per-lead method, and the pay-per-sale method. The pay-per-click method is the method most preferred by affiliates, for their site's visitor would only have to visit the advertiser's site for them to gain money. The other methods, on the other hand, are better preferred by merchants, as they would only have to pay off you if your guest becomes one of their registrants or if the visitor would actually buy their products.
Getting much revenue on affiliate marketing programs, however, does not depend so much on the compensation method is it does on the traffic generated by your site. A website that can catch the attention of more visitors would generally have the better chance of profiting in affiliate marketing programs.
I Know Exactly Who I Am
But 9 times out of 10 their description will say something like:
"10 years industry sales experience calling all C level executives. The last 4 years must have been in sales management. managing no less than 10 reps with a total annual sales goal of $23 million." etc, etc.
Pretty generic right? I'm not making this up. Do a search on any job board. For fun do a search on "software sales". Read only the required experience for all 10 sales positions.
By the time you finish you'll notice that they all say pretty much the same thing.
Let me tell you - most job requirements do not say anything about who you're looking for to fill your sales job. You're looking for the same person that every single one of your competitors is looking for - and you're probably offering the same exact compensation package that everyone else is also.
And to top it all off it will be a total crapshoot if you hire someone who is successful in the sales job you're recruiting for.
If you want to raise your chances of finding a good sales rep who will be successful with your company then you need to know more about the role you're looking to fill. To do this start thinking about the sales reps first year.
Start with their first day on the job.What is the most pressing issue that this sales person must solve for you? What will they need to do in order to solve that pressing issue? What will the final outcome be once they solve this problem successfully.
Repeat this process until you have a list of at least 6-8 problems that this sales person needs to correct.
Only you can know what these problems are. If you don't then you should find out what they are very quickly!
Once you have this list completed you can start to figure out the job requirements for your open sales position. You'll be looking for someone who has been confronted with these issues in the past and successfully solved them.
That's it in a nutshell.
You will no longer be looking for a "sales rep with 10 years industry experience calling on C level executives." You'll be looking for someone who has successfully solved your specific problems in the past. Someone who has "taken over a territory that has not achieved quota in 3+ years. The territory consists of contacts who are Vice Presidents of IT at Fortune 100 companies. The VP level contacts have accepted meetings but no reason to do business with your company was ever uncovered."
So when you're recruiting you'll be looking for someone who has solved issues like this in the past. Someone who has turned around dormant target accounts and uncovered buying pains with prospects where non existed in the past.
This is just one example. Hopefully this can help change your mindset as we head into a new year of sales recruiting and team building!
Both Gagandeep Kaur Brar & Steve Crothers are contributors for EditorialToday. The above articles have been edited for relevancy and timeliness. All write-ups, reviews, tips and guides published by EditorialToday.com and its partners or affiliates are for informational purposes only. They should not be used for any legal or any other type of advice. We do not endorse any author, contributor, writer or article posted by our team.
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