Affiliate marketing can be a great way to quickly start your own internet home business and make money online. You don’t need to create your own product, worry about setting up merchant services, deal with customer support, or do much of anything else except market the product or service on the internet, which is the most fun part and the main thing that brings in the cash! As an affiliate, you are basically just selling a product or service for someone else and collecting your commissions. This is one of the fastest and easiest ways to launch an internet business and begin earning money online.
Assuming you are already making at least a little money from your affiliate marketing efforts, what would be some things you can do to increase your earnings? Below, I have given you 4 things you can start doing right now that could double or even triple your affiliate commissions almost instantly.
How to Boost Affiliate Commissions
1) Find the best products or services to promote.
You obviously want to promote things that are going to make it easier for you to earn the most profits possible in the shortest amount of time. There are several factors to consider in selecting the right affiliate program.
You want to find the ones that have give very good commissions and fit in with your target audience. You don’t want to promote a product about basket weaving to people who are interested in learning how to rebuild a car engine. And you don’t want to earn 25% commissions on a $10 product when you could be earning 75% commissions on a $97 product for the same amount of work.
You also want to be sure you choose programs that have a solid track record of paying their affiliates on time. You don’t want to constantly be worrying about whether or not you are actually going to be paid for your efforts. There are thousands of affiliate programs online covering just about every niche possible, so you can be picky about finding the best possible one.
2) Write free reports (ebooks) to give away on your website.
Once you have the program(s) chosen that you are going to promote you want to start on marketing right away. There is a pretty good possibility that you will be competing with many other affiliates who are promoting the exact same thing and they might even be as good as you are (shocking, I know). One way to distinguish yourself from the other affiliates, and make more money than them, is to write short reports related to the products you are promoting and give them away for free. They don’t have to be long — 5 pages or so should do it in most cases.
In the reports, you should provide some valuable information on something in the niche your chosen affiliate product is about. Somewhere within the ebook you will insert your affiliate link to the product with a recommendation for it. These free ebooks will give you more credibility and establish more trust with your potential customers. They will be more inclined to buy from you because you have given them something of value for free first, rather than just pitching the product to them right away.
3) Collect the names and email addresses of the people who download your free report (build a list).
It is a well-known fact that most people don’t make a purchase the first time they see something. Experts say that it often takes 7-11 follow-ups in order to get a sale. That’s why they say, “The money is in the list.”
When you use an opt-in form and autoresponder to collect the contact information of the people who download your free reports you are building a list of potential customers. You can write follow-up emails that automatically go out to these contacts in set intervals to keep yourself fresh in their minds. This will remind them to purchase the product from you when they are ready.
You want to get their contact information before sending them to the vendor’s website through your affiliate link. Keep in mind that you are essentially marketing for the product owners. You only get paid when you make a sale. If you send prospects directly to the vendors, chances are they will be lost to you forever.
Plus, when you get their information, you can keep in touch with them for as long as they stay subscribed to your list. You can continue to build a relationship with them by giving them free valuable information, and sending them other marketing messages every once in a while. This will give you the potential to earn more commissions from each customer in the future, instead of just a one-time sale.
It’s a lot easier to get someone who knows you to buy a product than it is to sell to a stranger. This is the purpose behind building your list and publishing a newsletter for them.
This email marketing strategy needs to be a balance between providing useful information for free and sending out sales pitch. If you continue to send quality, useful information you will be able to build a sense of trust and respect with your readers that may lead them to support you by buying your products.
4) Ask for higher commissions from the product or service owner.
If you are already successful promoting a particular product, you should try to approach the owner and negotiate a commission increase for yourself. If they are smart they will grant you the request rather than lose out on the valuable affiliate that you are.
Keep in mind that you are a zero-risk investment to the product owner. Any sales you make are extra money for them that they wouldn’t have gotten otherwise. So, don’t be shy about requesting additional commissions from them. Just be sure you are reasonable in your request and make it a win/win situation for both of you.
Try out these 4 simple strategies and you should see an increase in your affiliate commission checks quite quickly!