Best Affiliate Programs
With the variety of programs that can be found on the web, it makes a lot of sense to partner with the best affiliate programs.
What defines a good program, though? How do you find the best affiliate marketing programs and what do you look for?
These are fair questions that are common among new marketers. Once they begin to get their young claws into the meat of the industry, the world of affiliate marketing can suddenly become overwhelming without knowing how to locate the best affiliate marketing programs.
Honestly, more of them are trash than you’d expect. It’s not easy to find that proverbial diamond in the rough.
Ideally, high commission and excellent administration are a good place to start.
Coupled with high commissions though, you would also want the commissions to continue coming in with very little additional work on your part. These are known as Residual Affiliate Programs. This type of payout is typically found in subscription services, or some form of refill or replenishment service, and will continue paying you on a monthly basis. In my book, high residual income = best affiliate programs.
Is that starting to paint the picture? It should, it’s fairly simple.
The idea of “best” might make some think of a Utopian solution, but it’s more simple than that. In the case of “best affiliate marketing program”, it’s just about being better than the others and not getting ripped off. That’s it.
Double-Tier Affiliate Programs are certainly worth looking into. I like these systems because you can setup your OWN sales force and receive commissions on any of the sales they make. The income can add up quickly, and there’s no reason why you can use your affiliate ID with any service to establish your own multi-tier sales program to have other people selling affiliate products for you.
Programs that DO NOT require a sale to be made are also ideal. These are known as Cost-Per-Action (CPA) Affiliate Programs. “Actions” may be defined as giving out an email address or simply clicking on something. Regardless of whether or not the prospect ends up making a purchase, you get paid.
As far as sales commission, I’ve found that it depends completely on the profit margins for the industry you’re working in. For example, computer systems and hardware carry a fairly low profit margin on affiliate sales, and 5% would be a reasonable and expected commission percentage on sales related to these products. Information products often carry much higher profit margins, especially where the information is electronic such as EBooks or online courses. With sales like this, you can expect commissions around 40-50% or higher. Some climb as high as 95%!
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Along with general commissions, some programs and companies offer performance incentives that provide higher commission rates based on the number of units you sell.
You should also consider the cookie duration. Cookies tell a vendor who referred the customer and are used to credit the right person for sales. I avoid any programs that have short cookie duration. Since most customers don’t necessarily buy an item as soon as they hit a website, and often return later, you’re giving the company a customer without reaping the rewards on cookies with a short lifespan. A good merchant will offer a better deal to you.
The best kind of merchant or vendor to collaborate with is one that offers a lifetime cookie. That means the customers you send would be yours as long as that cookie stays on their computer.
Another point you should always consider is the administration side. This is a key element in selecting one of the best affiliate programs. A good, reliable affiliate partner or program will offer full tracking services that help you discover the most successful ad efforts. When you can look deep into the stats around your click through rates and sales conversions then you’re able to stay on track with meeting goals and restructure your sales and marketing around areas that aren’t working.
A flexible and decent program will offer advertising materials to use “out of the box”. Many programs should and do offer well structured marketing materials that can also be customized to fit your client base.
You can find an affiliate program in almost every market or industry, the question is whether or not those are worth your time. Use this information to help build an educated decision on the best affiliate marketing program for you in order to stream line your income from home.
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