In most affiliate programs, the top few percent of affiliates generate the vast majority of sales; so you want as many quality, or "super" affiliates participating in your program as possible.
So what do these super affiliates want? The following are some of the features that quality affiliates look for in deciding on programs to participate in.
1. Solid product and merchant site
Before you consider implementing an affiliate program, ensure that your product is rock solid and your site is presentable. Affiliates certainly do not like the idea of sending valuable traffic to pages that won't convert or to products that do not work. Learn more about creating effective landing pages from the established affiliate marketers like Ewen Chia.
2. Trustworthy company
Put yourself in the shoes of the affiliate for a moment and visit your site' web pages. Do these pages provide enough information to instill confidence in a potential affiliate that your company is trustworthy?
The affiliate marketing industry is rife with stories of mysterious merchants offering great commission levels and then not paying on referrals; so it's understandable that many publishers are a little gun-shy.
Good affiliates really check over a company before joining a program; especially if they are going to be giving you broad coverage on their site, which is what you'll want.
3. Communication
It's a good idea to have a dedicated point of contact for your affiliate program and that person is prompt in responding to affiliate inquiries. Affiliates shouldn't be viewed as annoying, they are important partners in your business.
Use email addresses that has your company's domain name. For example if your company is Weathtreasure, your email contact should be [Your Name]@wealthtreasure.com.
If you should encounter issues in your program, be honest about it rather than defensive. Most quality publsihers are quite forgiving when it comes to glitches as long as you're honest about it and resolve the issue.
A regular newsletter can help remind affiliates of your existence - many affiliates sign up to programs and then get side-tracked; never actually getting around to publishing up promo material. A newsletter also helps instill more confidence in your affiliate network that you're proactive and the program is evolving. If you decide to offer an affiliate newsletter, flaunt this on your program details page.
If you receive feedback from your affiliates about improving the program; take it seriously. Bear in mind that quality publishers are masters of their trade. If they suggest something to you, then there's usually very good logic behind it. You want increased sales, they want increased sales - everyone wins :).
4. Recurring Commisisons
High one-time payouts can be a good way of attracting attention, but if you can; offer a residual commission option too; i.e. a percentage of the customers payments paid to the affiliate on an ongoing basis.
Offering residual commissions is especially attractive when in relation to high value subscription services. Quality affiliates know that one of the keys to success in the affiliate marketing games is to build up multiple residual income streams which can help see them through the lean times.
Residual commissions are most successful when based on the life of the account rather than a set period.
If possible, when calculating commission rates, don't just base it on the industry norm - take a look at your own customer lifetime value figures. You want to offer publishers the best deal possible, but not to the point where the clients they refer won't turn a profit for you.
5. Avoid the MLM stigma
2nd tier commissions, i.e. commissions paid on sales made by an affiliate who was referred by another publisher, are a great option to include in your program; but offering 3rd tier and beyond commission levels may give the impression that your program is MLM (multi-level marketing); aka network marketing. In essence, it would be. There have been so many scam MLM schemes both on and off the web in recent years that these types of commission structures can really scare off potential affiliates.
Some affiliate program directories refuse to list programs with commission levels beyond the second tier and if you're using PayPal to pay commissions, you may find they close your account due to the MLM stigma.
6. Promotional material
It's great to have attractive banners, but not if they weigh in at 100kb. Bear in mind that banners etc. can bog down an affiliate's site page load time; so keep your creatives pretty, but keep them light. Some publishers are adverse to using any sort of graphical banner, so it's important to include options such as basic text links.
Quality affiliates are very busy people - the more brain strain you can take out of the development of promotional material, the better. Further to banners and links, many affiliates find promo page content such as as paragraphs or full articles very useful. Often, they'll edit the text to suit their own purposes, but by providing these materials to them greatly decreases the amount of time they spend in developing pages.
7. Reporting and tracking
This is important. Publishers really need an interface where they can monitor their progress 24/7. It's certainly not enough to send out a monthly report via email as this doesn't allow the affiliate to make tweaks to their promotion on-the-fly based on their performance.
There's also the trust factor - quality affiliates are somewhat skittish by nature; usually because of previous experiences where they've been screwed by a merchant. The transparency that a reporting interface offers provides affiliates with a level of reassurance.
8. Payment thresholds
Commission payment threshholds should not be set too high - $25 to $50 is the industry standard. Any higher than that and an affiliate can feel it's a little risky to join your program..
If possible, also allow your publishers to be able to set their own custom commission threshhold above the minimum you have in place as banking/processing small commission payments may be somewhat a headache for the larger players.
You may wish to consider paying out on even lower threshholds than $25/$50. This minimizes the amount of liability your company has towards affiliates at any given time. Using an option such as PayPal does make lower payment threshholds quite viable and combine with the option of custom payment threshholds your payment terms can appeal to a broad range of affiliates.
Qualities Of A Good Manager
At all times, people look up these entrepreneurs with all admiration. That is why the idea of becoming an entrepreneur has triggered more and more individuals. To them, such thing is very pleasant and delicious. Do you also dream of becoming one home business entrepreneur? Honestly, becoming a home business entrepreneur can give you so many advantages. Apart from being your own boss, you get full control of everything. Now isn't that such an advantage on your part?
Take things realistically. A home business entrepreneur is not a piece of cake that can be baked overnight. One has to get a good start before he becomes a home business entrepreneur himself. So how do you mold yourself to become a home business entrepreneur?
As a starting point, learn to evaluate yourself in terms of your strengths and weaknesses. If your traits prove that you can become a potential home business entrepreneur then you are lucky enough. The next thing with which you must dwell on is the line of business that you must take. If you've gauged all these concerns, start things off with the other considerations.
Are you willing to take risks? Are you up for challenges? You may have all the brains but you may not have the guts to fight off the challenges that may come your way. Then your venture can turn useless. As a home business entrepreneur, you must be a self starter.
Starting from scratch is one of the best ways to stabilize your reputation. It is always good to look back at how difficult things had started for you and after some time, you have occupied the topmost part. Such feeling is rewarding on your part.
If you closely intend to become one home business entrepreneur, then stick to your detailed plans. Learn to organize your own time. You don't have to run slowly. Just maintain a fast pace so that no one will outrun you.
You are your own boss in this matter but it does not follow that everyone will be under your shadow. Proper client and staff management means learning to deal with varied personalities. You cannot get a hold of these personas. The least you can do is to play along efficiently. There are clients who are typically moody. It does not mean that because you own the business you may turn them down if you get pissed off with their attitudes.
Take note that they provide you your income so there is no point arguing with them. The main goal in here is to be able to build good relationship with those in the market. You will likewise be needing assistants so you will again have to deal with their numerous quirks.
Another important trait of a good home business entrepreneur is having the ability to give out firm decisions. Quick yet effective decisions are needed in several instances. Mental blocking is the least factor to be entertained. A sound mind and a reliable decision make up the entirety of a businessman. Most of the times, no one is available to give you pieces of advice so you have to render your own judgment. If you can't be good at it, you can be digging up your own pitfall.
Other things that you must put into consideration are the time and effort which are required of you. Brace yourself as well with the work ethics because you will need them all in facing the challenges that lie ahead of you.
Both Tim Ng & Daegan Smith 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.
Daegan Smith has sinced written about articles on various topics from Start Online Business, Multi Level Marketing and Web Development. Daegan Smith Is And Expert Online Marketer"Wanna Lean The Secret To Making $85,147,717Per Month While Quickly And Easily EXPLODINGYour Network Marketing Organization by 7,141People Without EVER Buying Or Calling aSingle Stinking Lead?" Free CD Explains Al. Daegan Smith's top article generates over 246000 views. to your Favourites.
Best Software To Learn Spanish And it could be that after you have learned Spanish you might find a wrld of opportunities opning up to you that did not even exist before