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When to Stop Joining Affiliate Programs |
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When to Stop Joining Affiliate Programs |
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Views: 1906
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#1
11-09-2009, 11:26 AM
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When to Stop Joining Affiliate Programs
Affiliate marketing can be a very lucrative work at home business. There are thousands of quality affiliate programs you can join to earn commissions on product sales and affiliate referrals.
Once you begin searching for affiliate business opportunities to join, however, you may find it is difficult to stop. Program sales pages may promote an urgency to get started now or you might miss a golden opportunity. It is also easy to sign up for free or with a small starting fee but then be asked into paying more to benefit from better commission rates and compensation levels. Still other affiliate programs may have several programs you are encouraged to join once you are a member. Along the way you will reach a saturation point whereby joining additional opportunities actually does your business more harm than good; it is important therefore to develop an affiliate program business plan. Here are a few approaches you might consider: The "Best of Each Category" Approach -- One way to keep your affiliate marketing business organized and limit the number of programs you are going to join is to promote only one or two from each category. For example, you may decide to pick and choose 1 or 2 affiliate programs from each of many categories or types such as: health and fitness; paid surveys; web hosting and design; mlm programs; and marketing tools that double as affiliate income opportunities. With this marketing approach you will need to research which programs in a category sell well and/or have good commission payouts. You can always switch out a program for a new one in the same category if it does not convert sales well for you. The disadvantages of this approach is that some potential customers or referrals may want more choices plus it may be more difficult to focus your marketing efforts. I would suggest organizing your website such that each category has its own page. You will then have only 1 or 2 affiliate programs multiplied by the number of categories you've chosen. The "Single Category Collection" Approach -- Another method of organizing and limiting the affiliate programs to promote is to choose just one category type. You may find that it is easier to market a single topic with many programs than just a few programs in a multitude of categories. You can focus your advertising and website on paid survey opportunities for example. Most types of affiliate programs will have a limited or at least more manageable list to select from. If you like to promote different types of business opportunities, however, this approach would require a website for each one thereby increasing your overhead. Whether you choose either of these marketing approaches or discover another you may find it helpful to come up with the maximum number of affiliate programs you are going to join and promote. When you reach that number you can then consciously decide to quit some to include others. Your budget can be another determining factor when affiliate business opportunities require a membership fee - you certainly do not want to spend all your operating funds on program fees leaving nothing left for marketing them! Similar Threads:
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