Why
is my affiliate program failing?
By Chris Howard
So you've finally done it!
You started your own affiliate program
and you have thousands of
affiliates promoting your product
without putting a dime of
advertising up-front. No? You're not
alone!
Everyday, I'm asked the same
question: "Why is my affiliate
program failing?"
What most people don't know
is that over 95% of affiliate programs
aren't living up to their
expectations. Why? Simply because your
affiliates need to be motivated!
Here are some things you
can do to increase your affiliate sales:
* Offer your affiliates a
second-tier to recruit new affiliates.
Many successful affiliate
programs offer 10% of the revenue
generated by someone you
refer to the program. This is known as a
"two-tier" program.
* Pay your affiliates at
least once a month. Payment frequency can
certainly make or break
the success of your affiliate program.
* Offer in-depth statistic
reporting. Be sure you provide
click-thru's and real-time
reporting. Graphing capabilities are
also a plus.
* Offer a higher commission.
Many programs offer a commission of
around 5-10%. This is fine,
but if possible, offer a higher
commission of about 20-30%.
This can give you an edge over your
competitors.
* List your affiliate program
in affiliate program directories.
There are many out there,
check out: Click
Here
* Find your competitor's
affiliates and offer them a higher
commission than they are
currently earning with your competitor.
This can be very rewarding
for your affiliate program.
* Keep a clean rep and pay
your affiliates on time. Again, this
can make your break your
program.
* Offer bonuses to top affiliates.
This will encourage your
affiliates to go that extra
mile to promote your program.
* Provide as many linking
options as possible. Be sure to offer
several banners, buttons
and links of all sorts to your
affiliates. You can never
have too many!
* If you have a pay-per-sale/lead
program, be sure to update the
stats as often as you can
(at least once a week).
* Create a discussion board
just for your affiliates where they
can discuss issues relative
to your program.
Remember, your affiliate
program is only as successful as your
affiliates! Help them help
you!
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About the author:
Chris Howard is the owner
of SponsorDirectory.com
http://www.sponsordirectory.com
, a popular directory of
affiliate programs. He provides
consulting to compaines interested
in affiliate marketing.
You can email him at:
chris@sponsordirectory.com