There Are Very Few Institutes In The World That Teach Affiliate Marketing. We Are Proud To Be One of Them.
While in India, we are the only institute that teaches affiliate marketing.
Affiliate Marketing is having Affiliates do your Marketing for you. What I mean by Affiliate is someone who tells people about your product/service and you pay them for a desired response, such as a purchase. Let us explain you in brief about affiliate marketing so that you understand what we teach and how we can make you as successful affiliate marketer. Rest depends on your hardwork and commitment.
Affiliate Marketing is one of the best ways to get the word out about your product/service.
The best way to pay Affiliates is pay per sale. This means that you only have to pay your Affiliates when they actually make a sale. This reduces your advertising costs dramatically. your Affiliates take on all the risks so you don’t have to worry about wasting your money on advertising which may not produce any results.
Using Affiliate is a very cheap way to advertise, however it is very effective. The software required to start up your own Affiliate program can cost only about $50 per month or Rs.2500/- only.
Then after that just wait for people to start promoting your product/service for you.
Please remember that 5% of your Affiliates will do 95% of the selling. What we mean by this is that most of your Affiliates will just sit there and do nothing. This can be countered if you teach them what to do, exactly how to do it and providing everything for them so they have to do as little work as possible.
We teach you on becoming affiliates and then replicating your success to others by becoming and affiliate entrepreneur.
You don’t have to use this form of advertising just to sell your product or service. You can also use it to grow your opt-in mailing list. This is discussed in another article. Lets get into few basic issues.
How Much Should You Pay Your Affiliates?
How much you pay your Affiliates really depends on how much your product/service costs, its profit margin, how much you’re willing to give up and what action you want to take place.
Lets say that your product is priced at $100. Lets also assume that it cost you $10 to make it. This leaves you with $90 profit.
How much of this do you want to give away to the person that made this sale possible?
Personally, I believe that you should give a rather high percentage of the profits back to the affiliate (Depending on how many sales they regularly generate), because without them, you wouldn’t have made that particular sale at all, so reward them for it.
A fairly decent reward is about 50% of the revenue generated. Your product is priced at $100 so a $50 commission is quite generous. It really depends on your other costs (such as a mortgage) you have, which would help decide on a fair commission to both you and the Affiliate.
Another factor which plays a part is how much additional advertising you do, such as pay per click. For example, if you rely solely on your Affiliates to Market for you, then you may want to reduce the commission you pay to them to help you survive. However, you may want to pay them more, to encourage them to send more sales you way. It really is a judgment call.
On the other hand, if you advertise in other ways effectively, then you can afford to pay higher commissions, because you’re not putting all your eggs in one basket.
In the end it’s all down to how greedy or generous you are. The best advice I can give you is to pay the affiliate what you think he/she deserves. Hopefully that way everyone is happy and earning their fair share.
To summarize what we have explained you above so that you start your own affiliateship after undergoing affiliate training at VaaYaa Edutech. Affiliate marketing involves the promotion of a website by a person known as the affiliate. He is the one who acts as the middleman between the merchant and the customer. The nature of an affiliate’s job is to advertise and promote a merchant’s website through his own.
As this particular website is visited by surfers and browsers, they get to see the links that are listed or displayed there. Customers who click on these links end up doing transactions with the merchant. The merchant then pays the affiliate a commission for leading the customer to his very own site and, ultimately, his merchandise.