Affiliate Use In Your Business
Do you know what an affiliate is?
The definition is “officially attach or connect (a subsidiary group or a person) to an organization.” How does this apply to your business? Being an affiliate can help generate income. Affiliate marketing is a performance-based marketing in which a business rewards one or more affiliates for each visitor or customer brought by the affiliate’s own marketing efforts. Do you use products or services that you would recommend. The answer is yes. What if you could earn income by recommending these products or services? Would you? Today, let’s talk about affiliate ue in your business.
Affiliation is common in marketing and selling wherein one company may affiliate with another to sell products or services. The seller has a website on which affiliates may sell products. The seller has control over the site and pays a commission to affiliates.
An affiliate is not part of the company with whom it affiliates.
I have been doing affiliate marketing for a number of years. I started off with a company that sells just about everything. it was a good way to get started but the commission were 4%. As I learned more I earned more about the ropes I ventured out to other programs.
Today, I offer my own affiliate program.
You can see what products I offer affiliates here My Products
Sales from affiliate marketing have increased the last few years, it is no wonder. It cost virtually nothing to get started. Most companies require you have a website. Do you have a website? Yes! Great, then you can offer affiliate marketing.
How do I become an affiliate?
You will have to register with a company to become an affiliate.
You Can Register here for my affiliate program
What information is needed?
You will have to enter your name, email and other information to get paid.
If you are a United States citizen, you will need to fill out a W-9 form. As all of your income is reportable.
The company that you are ian affiliate for will then issue you a 1099 depending on what you were paid throughout the year. You should declare this payment on your tax return.
How do you get the affiliate links?
Most programs will have affiliate links to the products they sell. You will need product links and images to help you make sales for your affiliate program. Some links will give you the HTML for text only links.
How are you paid through an affiliate program?
Depending on the affiliate company you are working with, most companies pay out monthly. Some companies will wait until you have generated over a certain amount. I don’t agree with that. If you earned the money, you should get the money regardless of how little you earned. I always say better in your pocket than somebody else’s.
I prefer digital payments rather than a check in the mail. It is important to keep track of your affiliate earnings.
Questions to ask affiliate programs
When and how I will be paid?
Some programs pay monthly, other programs do not. They may pay quarterly. The means by which are are getting paid is important as well. Do they pay by check? By Paypal? By Strip? Do you participate with that program that they make payments with?
Are there minimums. As I mentioned above, some programs require a minimum before payment is made.
Terms of agreement
What is the term of the affiliate agreement?
What happens if either party defaults on the agreement?
The cookies duration will keep track of clicks. Let’s say for instance, your link sent someone to a website but that person did not buy that day, they purchased a week later. The cookie duration of the affiliate program is important to know. If it is one day you would not get paid. If it is a 30 day cookie duration you would get paid. Some programs are just for that one click whereas other programs are for 30 days or in some cases longer.
What types of promotional materials and advertising content is available to the affiliate?
Benefits of affiliate marketing
You get to earn income if your lead generates a sale. One of the best ways you can do this is through blog writing and social media sites. You can write a blog about the product then offer a link to it. If a sale is made you will earn a commission.
Just about everything you will sell will require out of pocket expenses, this is not the case with affiliate marketing, You can link to a product with your affiliate link and earn income without ever having to keep inventory. In addition, there is no need to worry about shipping and handling, all of that is taken care of the company you are an affiliate for. Yes, you earn less but there are also less headaches and there is something to be said for that.
No experience needed
Because this is a low cost just about anyone can do this. You might not succeed but then again it did not cost you anything. You can have absolutely NO experience and yet still be able to make a sale. It helps to have a following. it helps that people trust you. Think about it! When do you buy? When you ned something. When you want something. Emotion plays a big part. Be a trustworthy individual and you will be more likely to make a sale. people like to buy but they don’t like to be sold to. I hope this makes sense.
Because you are generating the leads. The leads can be done anytime of day. With scheduled posts you can literally write the blog or social media post at 3AM when you are up but not have it published into 3PM when more people can see it. The bottom line is that you work on your own schedule. You are your own boss.
Tips in succeeding in affiliate marketing
Picking the right product
Here is where target markets come in. If you write about cats then you probably will not be able to sell products related to cars, that would be a different market. Make sure the products you are selling has to do with the people you are already connected with. See how this works?
People will continue to trust you if you are being honest and making good recommendations. don’t sell someone crap.
Wishing you the very best with all your endeavors!
What are your thoughts on the use of affiliate marketing in your business?