Affiliate Marketing is one of the lucrative ways to monetize your blog, which helps everyone to make money online. But Most of them are disappointed after not getting success with it. Affiliate Marketing is so vast and diversified that Most of the affiliate marketers try to promote all the products at once and don’t get too much success; at last, they give up or quit the program. Here In This article, I will try to show you how to choose a right product in affiliate marketing.
Now the question is what is Affiliate Marketing?
Affiliate marketing refers to a business relationship in which an online business Entity or e-commerce site promotes the products of a vendor. The website provides a marketing service and channels consumers to the vendor through a web link, banner ad or text ad on the site. If the customer purchases from the vendor, the affiliate website owner receive a commission. To optimize as well as maximize your earning potential as an affiliate marketer, you must be able to select the best products for your affiliate website.
How to Choose a Right Product.
First Look for the needs of your niche or Market segment. Since your affiliate products will target the market your website serves, your affiliate product selection should focus on the needs of that market. If your site offers information on Healthcare, identify the consumer needs of the typical visitor to your site. Make a list of all of the product types these consumers might regularly purchase, and what services and promotions will interest your regular site visitor. This list can help you identify the right and adequate affiliate products.
Now Sign up for a free affiliate network, such as Clickbank, Shareasale or Commission Junction. Affiliate networks like these offer free registration. Once a program has accepted your registration application, you will receive a login and password. You then can use the network to select affiliate products and programs for your website.
Now choose or search for a suitable product category in your network by entering keywords (Healthcare, for example) into the search term field. You will then be able to choose from among numerous affiliate products. Research products within the results list to select the best options for your site.
According to Internet marketing guru Allen Gardyne:
Nnever select a product to market before trying it out first. Know as much as you can about the people behind the product and decide whether you can believe in it. Most of affiliate marketers get failed in this step. They choose wrong product to promote and even don’t know so much about that product.
Evaluate the products based on specific criteria. Each product should fit well within the context or niche of your site. It should appeal to the needs or desires of your niche market. Each product should solve a relevant problem that visitors come to your site. The affiliate site to which you link should have a good sales presentation, clearly present the benefits of the product and be easy to navigate. Writing a Review about that product and share your experience with that is put extra weight on it and help you to drive some generous sales.
P.S When you write a review about the product, Always try to show up the cons of it by constructive criticism. This will not harm your commission. However, it will give more credibility to it.
Review the sales statistics of the product to ensure that ita s a good seller. The affiliate network will provide these statistics, so you can evaluate what volume of sales you can expect with the appropriate marketing techniques.
Research the commission percentage for each sale. Some products will offer a whole dollar amount of sales or services, but most will offer a percentage ranging from 10 percent to 75 percent. Some products that offer the highest commissions are not always the best products. It is always better to select a product with higher volume sales and a lower commission versus a high commission on a product that does not sell well. Try to select products that offer a residual commission, as well. That way you get paid for a long time after the initial sale.
I hope that this article will help you to choose right products and help you to get success by increasing sales percentage. If you like this article does share it with your friends 🙂 If you have any thoughts or suggestion please share it with me by commenting below.