Copyright © Liane Bate
http://www.HonestMoneyMaking.comWhat could be better than exceeding your personal
sales goals for a given month or year? How about
doubling, tripling or even more of your sales goals for
the month? This is exactly what affiliates can do for
you. The amount of growth potential through
affiliates is unlimited; the more affiliates you have
the more money you can make, after all, if Sam Walton
tried to run every Wal-Mart store, he obviously
wouldn't be very successful. You must realize that
for maximum growth you cannot do it alone. Think of
the success of companies such as Avon or Home
Interiors. Their success is based on two things; a
great product and excellent affiliate programs.
To attract affiliates to your company you should make
it worth their time. Offering one percent of sales,
is not an attractive offer, the higher the commission
that you are able to offer your affiliates the more
affiliates will be tempted to join your team. You
should also provide your affiliates with the tools
that they will need to successfully market your
product such as banner ads, articles, and anything
else that will help them to better market the product.
You should provide the affiliates with updated
product information through newsletters, new
promotional campaigns and other things to motivate and
inform the affiliates.
You can choose to run your affiliate program in a few
different ways, both of which are beneficial to your
business. A one-tier affiliate program allows you to
generally offer a larger commission and pays on one
level. The affiliate will receive a predetermined
amount for each sale. Using a two-tier affiliate
program, affiliates are paid on two different levels.
This is done by allowing the affiliates to recruit
others to sell under them. In this situation, the top
level affiliate would receive a slightly larger
commission than the recruit or second level affiliate.
For example if the top level seller makes 20% of the
sale, then she/he would make 15% giving the second
level affiliate the 5%.
Setting up the affiliate program can also be done in
two different ways. One way is to do it yourself
through an affiliate tracking software. This software
will provide you with a way to track affiliate sales
as well as allow the affiliates to view their
progress. The downside to this option is that you are
responsible for making payments. You can also choose
to hire an affiliate tracking company to do all the
work for you. These companies will allow the use of
credit cards and completely run the affiliate program
from billing customers, paying affiliates, and also
pay you. This is a great option for the busy business
owner or the beginning business owner and it is
affordable as most affiliate tracking companies charge
a small one time fee. However you choose to run your
affiliate program it is sure to increase profits for
your business.
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