How
to sell your own products with affiliate marketing
If you have created a
product, and
want to sell a lot of it, but don’t have a lot of money to
invest
in marketing, you may want to consider starting an affiliate program.
Offering an affiliate program will allow you to develop a sales force
throughout the world. And the best part is, you will only have to pay
them after they make a sale.
There are several
options for
managing your affiliate program. You can choose to have a third party
affiliate network handle the tracking for you. However, some of the
companies charge a sizeable fee.
If you are technically
inclined, you
can install scripts onto your server. You can also hire someone to do
this. Be advised that if something goes wrong, you will need to hire
someone to fix the problem.
You can also choose to
subscribe to a
shopping cart system that includes an affiliate management system, such
as 1shoppingcart.com. These programs are great because they not only
include the shopping cart and affiliate manager, they also include an
autoresponder.
To help your affiliates
sell more of
your product, you will want to create some tools for them to use. You
can have images and graphics of your product as well as text links. You
may also want to create some sales letters, articles, and special
reports that they can use on their website to gain publicity for your
products.
Stay in contact with
your affiliates
by sending them motivating emails; create excitement and urgency with
your affiliates by offering incentives. For instance, you can
have a contest where the affiliate that sells the most during a certain
time period wins a prize. You can also offer coaching to help them
determine ways to increase their sales.
You don’t have
to wait for
people to join your affiliate program. You can recruit affiliates.
Visit sites that are complimentary to yours and ask the website owner
if they would like to partner with you. You can send them a sample
product, and offer them a special commission. For instance, if you
normally offer 40% commission, offer these special partners 50%.
Another option is to
outsource this
work to an affiliate manager, also known as an AM. They can handle the
day to day tasks of your affiliate program as well as recruiting new
affiliates and answering current affiliate’s questions.
Paying a monthly fee for
your
affiliate managing program, and possibly the salary of an affiliate
manager will take a way from your profits, but the fact is that you
will be able to sell so much more product with an affiliate team than
you could by yourself that these costs more than pay for themselves.
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