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How to Evaluate an Affiliate Program
======================================== Copyright 2004 Sanjay Johari There are thousands of affiliate programs offering wide range of benefits to their affiliates. However, many of these programs and the claims they make are not to be trusted. Good affiliate programs provide tremendous earning 0pportunities, but they need to be evaluated to distinguish them from doubtful ones. There are several factors to consider before someone decides to join any affiliate program. Products:
Organizations which operate affiliate programs generally
have some products to sell. These products can be in form of physical products, e-products or services. It is important to ascertain that the organization has some products to sell and that it recruits affiliates to help them in running their business. One should be very careful with any organization that has recruitment of affiliates as their main business. It is best to avoid such organizations because their affiliate structure is like a house of cards which can crumble at slightest impact. The organizations which have products to sell and market them thru affiliate programs cut down on the cost of advertising and distribution. This amounts to considerable savings which they share with their affiliates. If a new affiliate is already familiar with the products, this can be helpful but this is not a necessary pre-condition to join affiliate program. New affiliates can learn about the products quite fast. Organization's Track Record :
It is not difficult to find out about the organization before
joining it affiliate program. Search engines are one of the
sources which can be used for this purpose. Verifying the
testimonials presented by the organization is another
source of information. The organization should have
proven track record of operating their programs for several
years successfully. If the organization is new or just starting,
the person starting the program should be well known with
good credibility.
This is precaution against joining organizations which
promise get-rich-quick scheme and then disappear. Support Available to Affiliates :
Most of the new affiliates joining any affiliate program are
new to the field of marketing on the internet. They need
guidance and support for promoting their business and
earning income for themselves. It is in the interest of the
organization to help their affiliates to succeed. These
organizations are in their business for considerable longer
time than the affiliates, are more knowledgeable about their
market and about the ways of promoting their products.
They are in best position to provide their affiliates with proper
guidance. Many organizations have excellent support system by way of trainings, tutorials, articles, books, marketing plans, marketing tools, forums just to name a few. These are generally available from websites accessible to the affiliates. Apart form the promotional material and information available from the website, personal guidance can be vital. A new affiliate may not be familiar with all the resources available and will look for mentoring at least in initial stages. It should be remembered by the affiliate that her success will add to the success of the organization, the organization is obliged to help her. Payment :
Another factor to consider is the mode and frequency of
payment to the affiliates. The affiliate should make sure
that this suits her. Just to give an example - many
organizations make payments thru PayPal, but PayPal
does not transmit m0ney to all the countries. Such details
should be checked before putting time and effort for any
affiliate program.
Affiliate Structure :
There are many different ways in which organizations
build up their affiliate structure. Many organizations have
single tier structure in which affiliate is only paid
commission for sale. Other affiliate structures are 2-level
or multi-level deep in which the affiliate earns also from the
efforts of personally sponsored members. In turn, the
affiliate is expected to help her sponsored members to earn
for themselves. This is one great feature of multi-level
marketing leading to leveraged earning. You can read my
article on leveraged earning at this URL :
http://www.sanjay-j.com/artlever.html There are still more variations in the structure. Some organizations allow a limited number of affiliates directly under each affiliate. There is no "ideal" affiliate structure. But it is important to have clarity in the structure and the affiliate should understand the structure. Compensation Plan :
There is lot of variation in compensation plans starting
from simple commission to more elaborate plan in which
affiliates additionally earn thru the efforts of their sponsored
downline members and also from a common pool.
I personally favor plans which have provision for leveraged
earnings where teamwork really counts. Residual earning is
another attractive feature of affiliate marketing which can
build into sizeable income over a period of time. I am not
against any compensation plan so long as it is understandable
and appears reasonable. You have perhaps noticed that I have
put this factor as the last consideration. However it is an
important consideration after all other considerations are found acceptable. Persistence Pays :
It takes time to build up business with any affiliate program,
no matter how good the program appears. After joining any
affiliate program after thorough evaluation, one needs to stay
with the program giving it time to build the earning. Get-rich-
quick scheme do work some times but they are rare exception
rather than the rule and cannot be depended upon.
This small slogan should be ingrained in the thinking when someone joins an affiliate program: PERSISTENCE PAYS. ---------------------------------------------------- Sanjay Johari contributes articles reglarly to several ezines. His website contains articles, information, ebooks, tools and more for operating h0me based business. Visit his website for his choice of top affiliate program to join: http://www.sanjay-j.com
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