It’s no secret that using affiliate marketing can help you grow your online business along with SEO.
The sad news is, it is not as easy as most people say. There are lots of that you need to know before you can even decide if you are better off riding solo or use affiliate to grow your business.
If you are a good marketer, chance are, you don’t need affiliate marketing, because you can market the product yourself rake in all the profit.
It’s up to you decide and before you can decide, here are a few things you need to know:
How Affiliate Marketing Works
First, you need to have a deep understanding of how affiliate marketing works. Affiliate marketing works this way?
You find people that will promote your offers online and decide to pay them a percentage whenever they sell your offers.
People are only going to promote your offers if you give them a high payout. Can you offer your affiliate 30% to 50% per sale?
Higher payout means more web traffic and more customers to you. So, don’t cringe about the payout, be generous.
Join Affiliate Networks
Instead of creating your own networks, why don’t you join affiliate marketing networks. They are lots of affiliate networks today, here are a few:
- Commission Junction
- Affiliate program
You can search by your niche. For example, keyword+ affiliate networks that is health supplement affiliate networks.
You’ll get lots of affiliate marketing networks that are niche specific. Most affiliates know these networks and trust them.
In fact, if you are a new seller on those networks, most affiliate network managers will ask their affiliates to try out new offers from you.
Because of that relationship affiliates have with their managers, it is so much easier to sell your product through a network.
Picture it this way:
If you were to start today, you will have to build your own tracking software that pays affiliate, you will have to market yourself aggressively to earn people’s trust.
And this could take you from 12 months to 2 years. You can use this time to develop more products to increase your profit margins and leave the rest to affiliates.
I know 20% cut is a lot, especially if you have to spend months developing a product. Imagine how much it will cost you to get traffic on the internet when you are starting out.
The advantage you have here is, affiliates are smart and they have traffic for you. They will free you lots of time so that you can focus on increasing your profit margins and develop more product for your customers.
That’s why you need an affiliate network. After you have paid them their cut, it’s up to you now to develop better products.
Your success in this business, depends on having a great product for affiliates to promote. The more product you have, the more revenues you make per year.