Here’s an advantage that conventional books don’t have – a convenient way to earn more from the sales of your E-Books!
Affiliate and Affiliate Program Explained
If you’re not familiar with these Internet Marketing terms yet, here’s a brief explanation:
Affiliate – one who acts as a referrer to pre-sell/recommend products or services of a company/business and receives commission on every successful sale.
Affiliate Program – a program that provides a system where it allows affiliates to sign up and pre-sell/recommend products or services of a company/business for commissions.
And you can do so by joining affiliate programs and endorse them in your E-Book.
Let’s face it – you cannot possibly earn even a comfortable living selling just once to one customer.
And regardless of how big or small the size of the market you are catering to, you will definitely tire yourself fast by selling one product once to one customer.
Thus, the wisest way to do business in the information market is to create repeat customers. And recommending products and/or services you are affiliated with is the way to go.
Given the brief explanations above, it would be even better if you recommend quality services (such as membership sites) you are affiliated with to your readers via your E-Book contents because through that method, you can earn income every month!
Affiliate programs that offer recurring commissions include membership sites, services, matrixes, multi level marketing (MLM), and 2-tiers.
First, you sign up for at least one affiliate program (preferably more than one). Once you have configured your important details such as your personal details, method of receiving payment, and more, extract your affiliate ID and include it in your E-Book in a form of recommendation or advertisement.
Affiliate Program Success Choice Factors
1. Demand
I have discussed about researching on the demand earlier in this manual. If you have chosen a profitable market to capitalize, you will be sure that there is an abundance of affiliate programs to choose from.
2. Commission incentive
Forget affiliate programs that pay you 5% to 20%. Out of the affiliate programs you are prospecting, you will do well to narrow down your search to those that pays a minimum of 40% to 50% per product/service sale.
Preferably, you join at least one affiliate program that pays on a recurring basis.
3. Sales letter conversion rate
One of the best ways to tell if a sales letter is written persuasively or not is to read it yourself. If you don’t feel persuaded to buy, then it is likely that many others will not, either.
Your referral efforts can be a waste if the principal’s sales letter doesn’t convert well.
This is because no matter how many people you refer to the sales page as an affiliate, very few of them will go on to be customers, if any at all, regardless of how great the product or service can be.
4. Promotion materials
One of the main ideas of becoming an affiliate is to do less work while making more money.
Of course, an affiliate program has already saved you tremendous time and effort (and maybe money) from having to create your own product or service.
However, you would also want to do less work where ad-writing is concerned. You should expect the affiliate program to provide necessary promotion materials such as banners, solo ads, endorsement letters, and more.
5. Quality
While this is self explanatory, you can gain a tremendous edge in your endorsements by relating your personal experience and benefits from the program you have tested out yourself.
Best Places to Source for Affiliate Programs
- http://www.jvzoo.com/register/206611
- http://www.associateprograms.com/
- http://paydotcom.com/
- http://www.clickbank.com/
- http://www.lifetimecommissions.com/
- http://www.linkshare.com/
Cloaking Your Affiliate ID
You can easily shorten your affiliate links and keep them neat and easy to remember, which can be lengthy at times by cloaking them.
Another benefit of doing so is that in case of URL changes made by the principal, you can easily customize your redirecting URL to point to the changed affiliate link.
The best free WordPress cloaking plugin is the Thirsty Affiliates plugin, I use it daily and it’s a great affiliate management for WordPress users.
