Saturday 5 March 2011

4 Fundamental Ways to Increase Profits With Affiliate Programs

Everyday there are thousands and thousands of newbies joining the online internet marketing striving to be the next top money making marketer. While there are many good reasons why ones should use the internet as a platform as their source of income. The next question often come naturally is how can I make a real living out of this thriving internet business. The easiest and the most common method used by both veteran and newbies marketers alike is marketing through the use of affiliate programs. It's simple, sell someone else product and get a commission from the sales.

It sound simple but the art and science behind is more than meet the eyes. It took me a while to get started and a much longer period to bring in the sales. And it took me even more effort to finally make a real living out of affiliate programs.

I have listed 4 core methods that really increase my profits with Affiliate Marketing over the years.

Method #1: Driving more targeted traffic.

Find ways and means to get more people to click on your affiliate link. You simply need to spend more time and effort to advertise your affiliate programs through popular internet media like EzineArticles, publish more relevant newsletters to your subscribers, create more viral eBooks to be distributed to targeted consumers, etc. You do whatever it takes to get your affiliated programs greater exposure and more targeted visitors to your affiliate page.

Method #2: Increase targeted buyers instead of freebies grabbers.

This has a great deal to do with your marketing. For the start, newbies often get too engrossed with getting the number subscribers to their list or visitors to their website. They frequently over look the fact that there is a different between 'window shopping' and shopping to buy. While it is important to increase click rate to their affiliate website but the real money comes when the visitors are actually buying. Some tips include offering an incentive to those who buy through your affiliate link.

Method #3: Get more out of every sale.

To do that you can either

(a) Increase the price of the product or service you are promoting.

(b) Increase your commission per sale.

Both of these are generally up to affiliate program owner of the products / services.

However, I know that I can get a much higher commission percentages on many affiliate programs simply by asking.

Method #4: Sell more to your targeted customer.

The idea is to get the same customer to buy more products or services, hence earning you more commissions. It is easier to sell new products to existing customers than it is to find new customers to buy your new promotion.

Strategy 4 takes the amount of visitors you generate plus the number of those folks who become customers and your profit per sale and MULTIPLIES it many times over and over again.

While it take lots of trial and error to learn a step by step format to perfect each of these profit increasing strategy. The good old saying, "No Pain No Gain!" applies to all form of business. However, this is the foundation of the "Real Affiliate Secret" and the holy grail to a profitable online business.

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