The Affiliate Marketing model
It is often said that Affiliate Marketing is one of the easiest ways to make money online; and based on the revenue sharing model, which is a business relationship between affiliates who agrees to promote, market and sell productsservices (‘products’), and the merchants who create and offer them, the prospects of making money are better than virtually any other business on the Web.
That having been said, however, it is important for every aspiring affiliate to keep in mind that the ease with which an individual can become an affiliate; and making money without investing the time, effort, and dollars required to achieve success are two entirely different things. In other words, making money in Affiliate Marketing is easy as long as the parties involved are ready, willing and able to perform their respective duties in as diligent a manner as possible.
The method by which revenue is shared in an affiliate marketing relationship is primarily commission-based and, in some cases, bonuses are paid for reaching certain milestones. When affiliates advertise a merchant’s products through his/her own efforts and expense any sale(s) that result entitles those affiliates to a commission; and for every potential referred to the merchant’s product page could result in the affiliate receiving a commission or fee even if a sale is not made at time of the initial visit; but no payment is due to the affiliate until successful results are realized.
A mutually beneficial relationship
Compensation is based on either the number of visits (Pay-per-click), registrant (Pay-per-lead), or commission for each sale (Pay-per-sale). This system allows affiliate marketers to earn anywhere from a few bucks to thousands of dollars depending on the particular affiliate program(s). The important thing here is to understand that the opportunity to earn in affiliate marketing can only be limited by the affiliate’s determination, creativity and strategy.
In view of the above it is easy to understand why affiliate marketing is often referred to as a brilliant way to earn online, especially since affiliates don’t have to produce their own products or services to make a few dollars; but instead, to advertise a merchant’s products and get paid when their advertising efforts result in a sale. It is important to point out here that profiting from an affiliate marketing relationship isn’t immediate; the money usually starts small, but can get larger as the campaign starts to build up steam.
There are many things an affiliate marketer can do to maximize his/her profits; but if you ask any affiliate marketer how many affiliate checks s/he would want to receive, s/he will probably tell you that s/he wants as many as possible. Some affiliate checks are small, amounting to no more than $25; but others are large and can easily reach into the thousands of dollars and even more, depending on the affiliate, the program and the product; but over time these affiliate checks may build up to a really impressive amount.
To determine the number of affiliate checks
In order to achieve maximum success, you – as an affiliate marketer – should put in enough work and effort as well as utilize your imagination to find creative ways to attract more web traffic which can be converted to sales for the merchant and profit for you. Thus the question: How many affiliate checks do you want to receive?
Most affiliate marketers will enthusiastically reply that they want to receive as many affiliate checks as possible; but can it be said that merely wishing to receive checks will cause them to be paid? Obviously the answer is No! Because, like any other revenue generating business, the process is often not as easy as it sounds! Another question that is frequently asked is: Does joining many affiliate programs guarantee more affiliate checks that really amount to something? The answer is this quesion is also No!
Most affiliate marketers assume that joining multiple affiliate programs is a smart and viable option, because since it is very easy to join affiliate programs and there is really nothing to lose, affiliate marketers are tempted to join as many programs as they can in an attempt to boost their earnings. This effort often backfires however, because it ends in failure based on the affiliates inability to focus enough attention and work on any single program. The maximum earning potential of those affiliates are therefore not realized and the resulting income will be disappointing.
Realizing maximum affiliate potential
The best way to achieve multiple streams of income is to concentrate on one affiliate program at a time, by choosing product that you can promote passionately. Simply choose a product in which you have complete trust, and the best way to do this is to select a product you’ve used personally. This way your prospects will be able to sense your sincerity whenever you promote a product that you have experienced. This will also greatly enhance your credibility as well as your product’s marketability and will really encourage your prospect to purchase or avail of the product or service.
As soon as your first affiliate product is making a reasonable profit, then you can proceed to joining another affiliate program and repeat the process. “Too much, too soon” is a common pitfall in affiliate marketing which is why joining too many affiliate programs simultaneously in the hopes of having multiple streams of income simply does not work.
So the question should not be how many affiliate checks you want to receive; but rather, how many “high-paying” affiliate checks can you receive. The answer lies in your determination to succeed and with the right tools, the right actions, and the right mindset, you can definitely make a good profit out of affiliate marketing.