Step 10: Affiliate Marketing29 Nov
As I have mentioned before, an affiliate program and only a few quality affiliates can generate massive amount of sales for your business.
Let’s discuss the concept and the approach before we get to the “how to”.
The aim is to get other website owners, with high traffic, or people with large email subscription lists (newsletters etc) to promote your software to their visitors or subscribers.
Sounds easy? Not always. For one, most of these webmasters are already affiliated with other product owners or your competitors. They would be silly not to if they do in fact have good traffic or a large subscriber base.
To recruit these super affiliates, as they are called, you need be able to offer something with comparable or more value then what they are currently promoting.
Firstly and most importantly, no good affiliate will ever promote sub standard products or software as they know risking the trust of their visitors and subscriber base is business suicide.
This means you need to have a quality software product. Don’t even think about recruiting the top affiliates until you offer similar or more value then your competitors.
Secondly, you can tempt them with high commission per sale. As high has 75% in some case is needed to lure a top affiliate. This may seem like a lot, but the resultant sales can be incredible, and can far outreach your direct sales potential.
Further more you now have these customers on your “list” and can promote other products to them moving forward. People that have already bought from you are often 10x more likely to buy from you again (compared to prospects who have not bought from you before) due to the trust that develops by offering a valuable product in the first purchase.
The most successful product based businesses online are multi product business that offer a low cost product initially, at very high commission payouts (to lure the affiliates), which in turn builds their customer list, which then allows them to promote higher priced products or “professional version” type products on the back end. This is the way some companies somehow manage to buy pay per click and other traffic at such ridiculously high prices, at an initial loss, but still turn a big profit in the back end, and in turn manage to annihilate their competition in the pay per click bidding wars. You should seriously consider this strategy in your marketing efforts moving forward.
Ok, so once you have the following fields covered you can start your affiliate recruitment. Any less and you risk failure.
- Professional looking website with company information, about us page, well written homepage copy, help and FAQ pages, privacy policy, software end user licensing agreement, contact information (with telephone number if possible) and at lest 8-15 500 word content pages related to your niche, offering valuable information.
- Professional Affiliate Program with a well known network(s)(discussed next)
- Affiliate content such as banners, text, links, emails etc to help affiliates easily promote your product.
- Good commission rate (50% or higher). Will also be influenced by the competitiveness of your market and how high a rate your competition offers.
- A QUALITY PRODUCT
As you can see, all this involves monitoring and researching your competion to make sure you offer a quality product backed by a professional company (or trusted expert). Nobody builds a successful LONG TERM business on the net without a good product and a trustworthy “expert individual” or company backing the product. If you cant offer a product that is better then your competition, then you need to position your product uniquely by focusing on its benefits that differentiate your software from your completion. Find your USP!
Moving on. You begin by starting to sign up with the many software affiliate networks available. This allows you to get your product out there and seen by thousands of potential affiliate marketers. At this point you will simply be listing your product on as many networks as possible with the “hope” that affiliates will see and begin to promote your products. This can result in reasonable success but at the end of the day it is still “hope marketing” and is a passive approach.
Don’t miss this step however. It’s easy and will contribute to your growth. More importantly however is that these networks offer payment processing and other services useful to your company, and will also offer options to the affiliates you will try recruiting later on. Many will have a preference over a particular network, so you want to make sure you are available on their network of choice, to make the process as easy as possible for them.
Here is a list of the important networks to sign up with.
Once you have signed up to these networks, review each carefully and you will find different tools and options they offer that can help you promote your product successfully within each network.
Note: Due to most of them offering their own payment processing, it can sometimes be a pain to manage, and will require some effort, but the end result of all this visibility can be very rewarding.
Ok, now its crunch time. Do you think you are ready to start recruiting your super affiliates? If so, guess what? I’m not going to tell you how!
That’s because I am firm believer in getting experts to perform tasks that I am no expert at. This is especially true with regards to affiliate recruitment since you most likely have only one chance to get those “top 10″ power affiliates (sometimes less in smaller niches).
Would you risk the possibility of instant success and hundreds of sales a month or day (that can sometimes be generated from just 1 top affiliate), by trying to do so yourself with minimal or no experience in affiliate recruitment? I certainly wouldn’t and therefore wouldn’t recommend it to you!
Do yourself a favour and speak to some experts in affiliate recruitment and management. Just like the PPC management firms, they are only successful if you are successful.
Here are some options:










