Next, research individual affiliate programs to compare their structure. You want to consider factors such as how much the commission is and how often the affiliate pays. Also, make sure you understand what rules, if any, a company imposes for being a part of its affiliate program. Additionally, you're likely to make more money with affiliate marketing content that is similar to your own.
I have had two Amazon stores (on two separate sites) since early 2008 and to date I have not made enough for a payout – I’m about half way there. The referral fee is so low, it drives me crazy. I get a lot of traffic and my sites have the potential for high-end items, but the items offered through Amazon in my niche are lower end and therefore lower priced. I utilize a few widgets on other websites, but again the same issue. Amazon is my least favorite affiliate program due to their low referral fees, but still worth it. After all, any earning in excess of my expenses is worth it.
Giving away a free informational product such as an e-book, an email series or a mini-course is a popular tactic many affiliate marketers use. Usually, your readers will have to provide their email addresses to receive the product from you. You can then use this to sell to them via email marketing. Additionally, an informational product can generate interest in the actual product you're trying to sell. If your product is popular enough and brings enough traffic to your site, you could also monetize the traffic in other ways, such as AdSense.
I could have promoted WP Engine (hosting company) for $200/sale with no tier program to climb – sounds pretty good right? But when I checked ShareASale I saw their reversal rates were 24%! Just to give you an idea SiteGround’s reversals are less than 10%. WP Engine starts at $29/month while SiteGround’s is $3.95/month, plus SiteGround has a better reputation. I had to climb a tier program to higher commissions with SiteGround, but it paid off long-term.
Man, Ive been pulling my hair out over not really getting much from my Amazon Affil. based site. Im grateful you put this up about your experience with it. As far as you thinking you aren’t getting much back because you only sell low priced items goes, Im pushing big ticket items and it really isnt much better. Consider how much traffic you need to sell the lower priced stuff and then double or triple it to get a sale on a big ticket item.
“ShareASale is solid. Been using them since 2013. Biggest problems with them is the interface is a little dated / wonky. It’s also difficult to deal directly with the advertisers. You think you’re speaking to an advertiser rep, but it’s really just someone from SAS. You have to use a special (hard to find) contact form to contact the advertiser….and it’s rare you get a direct response from them.”
Start your affiliate marketing career by choosing a handful (maybe half a dozen) of products that you are interested in, that you feel you can learn about, and that you can market confidently. If you know a lot about microwave ovens, for instance, then you should look for an affiliate program in that niche and avoid, say, conventional ovens. Of course, that’s a silly example, but the point remains. Focus your efforts on a few great products and a few great websites to promote them.
The problem with affiliate marketing, like many other home business options, are the so-called gurus and get-rich-quick programs that suggest affiliate marketing can be done fast and with little effort. Odds are you've read claims of affiliate marketing programs that say you can make hundreds of thousands of dollars a month doing almost nothing ("Three clicks to rich!"). Or, they suggest you can set up your affiliate site, and then forget it, except to check your bank deposits.