Affiliate marketing can be a financially rewarding opportunity for many website publishers. However, prior to entering into an affiliate agreement it is important to review the details. Here are a few tips to help you make the most out of your affiliate marketing adventure.
How to Make Affiliate Marketing Work for You
Money talks! The first thing you need to find out is the percentage that each merchant is willing to pay their affiliate. Merchants usually pay a percentage of each sale to the publisher when the sale has been made through an ad placed on the publisher’s website. The commission percentage varies widely from merchant to merchant and can range from as low as five percent to as much as twenty-five percent.
Affiliate Marketing: Getting Started
It is also important to determine if there is a minimum balance required prior to being paid by the merchant. Some merchants require the accrual of one hundred dollars before a payment will be made to the publisher. Therefore, if a merchant is willing to pay you only five percent commission on every sale you will need to generate a total of two thousand dollars in sales before you receive a payment. However, if you choose a merchant that pays twenty-five percent and requires an accrual of one hundred dollars you will only need to generate a total of four hundred dollars in sales in order to receive a payment.
Another important consideration involves both the method and date of payments by the merchant. Find out exactly how the merchant pays their affiliates. Some merchants pay through PayPal so if you enter into an agreement with these merchants you will be required to set up an account with PayPal. If a merchant pays by check you will need to provide them with the correct mailing address to receive payment.
Check out the merchant’s online reputation. If there is credible information available that outlines the merchant’s history as an affiliate you should review it. It can be extremely beneficial to determine the success rates of other publishers that have entered into an agreement with the merchant. You may not find out how much money each affiliate has made per month but you will be able to get a sense of how satisfied each affiliate is with their merchant.
Some programs are open to only to residents of the country that the merchants service. For example some affiliate programs are open to U.S residents only and if you are not a U.S. resident then you may not be eligible to join their affiliate program.
Before signing up for any affiliate program it is imperative to read through the terms of agreement as well as any F.A.Q. sections that are provided. This will ultimately help you to determine if you want to join the affiliate program as well as what to expect from the merchant once you have joined their program.