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affiliate program
advice
How
to Easily Increase Your Affiliate Commissions in Two Days or Less
Clearly, the people benefiting the most from affiliate programs
are the companies running them. My goal here is to help you - the
affiliate - earn more money. If you've gotten past the idea that
you can simply slap a banner up on your site and start earning money,
but you're not sure what to do next, this article is for you.
Allow me to
cut right to the chase. Here is a plan of action. This may seem
like a lot of work, but don't worry! At the very end, I'll show
you how to automate all of these steps. For now, just read through
to get a general idea of how you need to proceed:
**Day 1**
Step 1- Vow
to organize your affiliate efforts. Begin with organizing all contact
information, payment information, and vital statistics about your
affiliate programs in one central location. This may seem like a
silly step, but believe me; you don't want to spend your time digging
through emails for contact information and codes. You should also
know, with just a few mouse clicks, how much is owed you by the
various affiliate programs in which you are participating.
Step 2 - Select
one affiliate program on which to focus your efforts for the next
3 weeks. In order to apply some of the various principles I will
show you in a few moments, you need to select one area of focus.
It's best to select an affiliate program that has several products,
instant online tracking of sales, instant notification of sales,
and the ability to segment your promotions. Internet
Marketing ProShop has all of this and more:
Step 3 - Select
three promotion methods and two products to promote.
This is crucial.
This will make sense in a few moments. If you can't think of three
promotion methods, here are a few ideas:
An ad in someone
else's eZine. A mailing to your own subscription list A text link
on your site with some ad copy. A banner on your site. A product
review on your site. An FFA submission.
Now, some of
these methods are more effective than others. But you don't need
me to tell you that. I'll show you how to find out for yourself.
Step 4 - For
each promotion method and each product, develop two ads. So, since
you have three promotion methods, two products, and two ads for
each - you will have to write 12 ads total. So, for each ad, let's
give it a code. If it's method one, product one, ad one, you can
call it:
M1P1A1
For method one,
product one, ad two, you can call it:
M1P1A2
For example,
if you plan to promote my marketing course 1,001
Killer Internet Marketing Tactics using ads in someone else's
eZine, you will need two ads. One would be M1P1A1, and the other
would be M1P1A2. If you also plan to promote it using a review on
your site, the first review would be M2P1A1 (method 2, product 1,
ad 1) and the second would be M2P1A2 (method 2, product 1, ad 2).
This is just one way to code your ads. You can do this any way you
like as long as you can distinguish precisely which campaign these
codes refer to.
This sounds
like a lot of writing. Don't be daunted by this! Just crank it out.
Don't think too much about each ad. We'll find out in a while which
one is good and which one is bad. You won't decide this - your customers
will! Don't be afraid to try something wild.
Now, when you
promote each product, you'll need to tie each promotion to the code
you created. With the Internet Marketing ProShop Partner program,
you can segment your campaigns by adding an _code to the end of
the URL you use to promote each product.
For example,
if you are promoting 1,001
Killer Internet Marketing Tactics, you would use this URL:
.../kt.cgi?IM6892
To segment your
campaigns, you would add your campaign code on the end of that URL
for each campaign:
.../kt.cgi?IM6892_M1P1A1
(for campaign one)
.../kt.cgi?IM6892_M1P1A2
(for campaign two)
Note: The above
method is only valid for our affiliate program, so don't try this
with any other affiliate program. We don't know of any other affiliate
programs that allow you to segment your campaigns, this way, so
please use caution here.
Step 5 - Before
you finish for the day, promote the product using your "ad
1" for each product.
You'll need
to record:
Impressions.
If you're advertising on a web page, this will be the number of
times your ad appeared on the page - or the number of times the
page was viewed if your ad comes up each time the page is viewed.
If you're advertising using some form of email, impressions = number
of emails sent.
Clicks. You
should be able to get this from the affiliate program you are promoting.
Amount Earned.
Again, your affiliate program should provide this information to
you in real time.
Now, in order
to do a valid test, you'll need to promote to a fairly significant
number of people. I would recommend that at least 300 people see
each ad. Otherwise, you won't have enough information to make a
valid judgment. Ideally, you should hit about 2,000 with each ad,
but your resources may not allow for this.
*Learning point:
If you're going to send an ad via a newsletter, see if you can run
a "split". That is, get one ad sent to 1/2 of the list
and another sent to the other 1/2. That is the most accurate way
to compare the effectiveness of any pair of ads.
**Day 2**
Step 6 - Run
your "B" ads. Now that you have run your "A"
ads and have given them a bit of time to take effect, run your B
ads. Do this first thing this morning!
By the end of
the day, you should have some good results from both campaigns to
compare and see where you stand.
By comparing
and analyzing all of the information you have just compiled, you
will be able to start to have a good idea about:
a. Which product
seems to sell more. b. Which type of campaign is most effective
c. Which type of ad for each campaign is most effective
This short bit
of testing won't allow you to make clear conclusions, but it will
put you on the right track. Immediately, you should start using
the ads that *sell* as much as you can. If ad A is making you 5
cents per impression and ad B is making you 5 dollars per impression
- using ad B just increased your affiliate commissions by 9900%!
OK, that's a dramatic example, but you get the point, right? If
you aren't tracking these things, you'll never know. If you track
and continue to refine, before you know it, you'll have an arsenal
of ads that you know pull well, and you can use them over and over
again. Once you do the leg work, it's easy!
As you see,
though, this can get quite complex. How does one actually analyze
these campaigns? What if you have scores of affiliate programs and
quite a few campaigns for each?
Don't worry.
As I told you at the beginning, there is an easy, cost effective
way to keep track of all of these things with just a few mouse clicks.
It's called Affiliate
Assistant:
I highly recommend
checking this out as it will, among other things, allow you to quickly
and easily implement the above plan in one central location. With
just a few mouse clicks you can compare and analyze all of your
various affiliate ad campaigns so you'll know which are making you
money and which are wasting you time.
You could do
all of the same things yourself with a good database program and
multiple spreadsheets, but Affiliate Assistant will save you quite
a bit of time and money without having to go through all that.
Either way,
you should implement some type of organizational and tracking plan
like this for your affiliate advertising efforts immediately. The
amount of time you put into this will pay off exponentially in terms
of higher commissions.
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Mark Joyner
is the author of 1001
Killer Internet Marketing Tactics. He is also the CEO of Aesop
Marketing Corporation. 1001 KIMT is for anyone serious about Internet
marketing. It will dramatically boost the results of any campaign
in a very real and measurable way. They are offering a special right
now where it comes with a bonus database of over 6,000 media contacts
(including email and fax numbers). This could genuinely be the most
important URL you visit all year: http://foreverweb.com/cgi-foreverweb/kt.cgi?IM6892
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