Hello again.
Today's topic is
Affiliate programs.
Figured it's about time we tackled this by the horns.
I went through the entire book and see that this is an omitted section.
It's touched on, but not worked up directly. So - relief is yours - no
chapter to study today as preps.
When and Why Affiliates?
The purpose of affliates is to get additional sales people to pitch
your products/services. They can cover more ground than your own two
hands and feed can. They use their resources to promote your product,
in return for some percentage of your price. So affiliates come
with an overhead - but they are getting you sales you wouldn't normally
have.
The other side of this coin is that you can build up some income by
finding and pushing an affiliate product which is valuable. This is how
you can get paid while you learn.
The logic of this is simple:
- You are producing content anyway to forward your own purpose of
delivering value to people.
- You might as well get paid for telling people about a good
product or service which aligns with your purpose.
- And you can meanwhile learn from any effective affiliate
marketing program, as the good ones will regularly be sending you
special offers which you can promote.
- So you learn while you get paid for producing content.
- As you get better producing content, then you get paid more.
- Ultimately, you've both had the time to perfect your own product
or service and also learned how to enable others to do affiliate sales
for you (or signed up with some company that does - like writing ebooks
for Smashwords).
Now while you are just starting out, you'll probably want to get
into product- or service-lines
which give you the maximal leverage for your time and money. Best
return on your investment.
To get this best return, you want 2 things:
- Offer services or products which people must renew, restock, or
re-supply.
- Offer services or products which enable others to sell under you,
where you also can get paid for their work.
In this, there are a few - "
evergreen markets",
they are called:
- Food (and food supplements, medicines fall into this)
- Clothing
- Housing
- - - -
- Children's items
- Pet items
- Insurance
- - - -
- Entertainment
- Education
- Enlightenment
The above lists are roughly in order of how people will pay for and
buy stuff. They also are in the order of greatest return. As you
can get people to subscribe on a continuing basis (such as Insurance),
then you can earn a "piece of the action" on a continuing basis.
One sale gives potentially a lifetime of income. Get several of
these and you have what is called "autopilot" income. You'll also see
this in simple things, such as where a person continually re-news his
domain name and his ISP hosting. (As in
Domain
Samurai - which has a good affiliate program.)
If you can become an
affiliate on that
chain, you'll get a piece of that action as long as that person
continues to renew these services. And is why people who sell Insurance
(and who own Insurance companies) become very well off indeed.
While
fashions and food needs change, children grow up, and pets get older -
people will usually stay with their same Insurance companies for years
- and will often expand their coverage to include other items they own.
(No, I haven't researched Insurance companies to find out which has a
good affiliate program - but thanks for asking. Now this starts to make
sense, yes?)
By supporting companies which have affiliate programs, you can get
people funneled through your site and link to buy these programs. And
then you get a continuing income based on those sales.
Oh No -- Not "Network Marketing"....
And this is where "Network Marketing" comes in. Regardless of the
bad press it gets, the principle is to have people selling under you
which gives you a piece of their action as well as your own sales. You
would prefer to get programs which are at least 2-tier affiliate
programs - meaning you can sign up people and get commissions from
their sales as well, and they in turn can sign up a person under them
for their own commissions, and so on. (And
yes, Insurance Companies utilize this same principle from top to bottom
in their organizations, as well as any sales company or sales section.
People get paid by their production, but also take a piece of the pie
of those salespeople under them who are producing.)
My book, Online Sunshine Plan (OSP) deals with making an "online"
living in general terms. The
underlying basic is that the Internet is built on information and
usable content. The search engines are evolved from helping people find
out what they want by constantly studying what people want and how they
want it presented to them.
What ranks on the search engine findings are simply the content
which best answers the question being asked. Google published
guidelines for these years ago and simply following their outline gets
the best results.
You find problems people have, then find an affiliate program which
solves those problems. Providing content in a way that the search
engines can use - you get a large number of people to visit your site
and click on those links to visit those affiliate programs. When they
buy, you get credit for the sale and a commission payment (or in
Amazon's parlance - advertising fees.)
All that work in OSP deals with the Internet as a content-driven
scene. However, it's only one of several ways to get visitors to opt-in
to your program or someone else's (which you are
writing/blogging/videoing about.)
There are 5 main ways to earn income online:
1. Organic
SEO - being at the top of the rankings and so getting search
engine traffic to your page
2. Classified Ads - driving to
a landing page for conversion to sales.
3. PPC - also driving to a
landing page for conversion to sales.
4. Email - biggest app on the
Internet, you develop a stable of readers and provide them good content
and opportunities.
5. Social Networking -
Facebook
is a prime example right now. Engaging in chats can lead to off-line
conversations where you can personally pitch your offer. (Takes
considerable time-investment.)
All of these have minimal finances invested if you know what you are
doing. Mostly you are investing time. And as you get better at writing
and posting online, you'll get improved results (income).
The reason affiliate programs are easier to get started than
developing your own
product is that these companies are doing the research to create
effective landing pages. (Nothing like spending years perfecting a
product or service which wasn't ever an item people really need in
their lives.)
Affiliate Products of Mention
The programs I recommend all have affiliate links and can give you
some income, although it's been spotty for me as I'd rather do research
than promote their products all the time. Pushing any of the 6 that I
lay
out below will give you some regular on-going income, plus the ability
to put affiliates under you and increase your income from their sales.
(Win-win-win.)
Here's the short list, though I'll tell you more of why these work
below (and note all the affiliate links, as well as how they are set
up):
Top of the list right now: Shaklee
(http://order-online-today.myshaklee.com/us/en/whyshaklee.html)
and a fairly complete set of pages for you to do your due diligence on
this company - with lots of videos: http://order-online-today.myshaklee.com/us/en/about.html
SBI - http://affiliates.sitesell.com/limited_offer0.html
- they have an incredible amount of training offered, which push their
time-proved site-building services.
Synnd - Social Media
Marketing - http://socialmediascience.com/affiliates/?p=worstell&w=afflink
- these guys are a leader in this area for serious SEO users.
Silva Life Systems (plus
other self-help/enlightenment programs) - http://mindvalley.hasoffers.com/signup/1081
- lots of programs an regular new releases for people.
Peak Potentials -
Millionaire Mind Intensive / T. Harv Eker - http://peakstrategicalliancetools.com/cmd.php?af=mmi8806&p=1
- their Millionaire Mind Intensive or http://www.peakambassador.com/cmd.php?af=mmi8806&p=fbw-speedwealth
-Their current Facebook webinar, which is a good informative deal on
its own. Sign up as an affiliate at peakpotentials.com,
but you'll want
to get on their mailing list to see how they do things.
And here's an odd little one I just recently found, which is a
good study of how network marketing works: Magnetic Sponsoring - http://robertworstell.magneticsponsoringonline.com
- once you buy one of their products (about $30), then you are
automatically in on
their affiliate scene. And they give 7 free video lessons on how
network
marketing works in general. And the ongoing emails from them are a hoot
- entertaining and educational as to what good copywriting (mostly)
consists of (though my own style wouldn't be so brash - or so frequent.)
Another, found only a few days ago, is Domain
Samurai, as I've told you about before. 2-tier affiliate, but no
real work at promoting their product - so it's not rated well on the scale below.
In most of these cases above, I've given you the straight affiliate
sign-up link if they have one. But do look around their sites and see
what you can find out - sign up for newsletters and so on (you can
always opt-out.)
- - - -
10 Ways to Accurately Pick Affilate Programs That Do Earn You Extra
Income Online
Yes, this is opening a can of worms. People who have been burned by
affiliate schemes in the past - not to mention Network- and what passes
for "Internet" Marketing - will be heading toward the door or hitting
their browser's back button right about now.
Because about 97% of all the programs out there are utter crap.
Worthless. Shinola. Scams.
True. And you know it.
So what makes a
good one?
And which ones should you invest your
hard-earned money and valuable spare time into?
Let's look at what you would want to buy as a product - if you were
the customer (an acid test):
1. Does it actually have a valuable
product which solves some
problem you have?
2. Does it actually give more in return
than you expected?
3. Is it ethical - does it actually
improve the culture you live in?
(Could you easily tell your mother or partner what you just emptied
your savings account for?)
4. Is this product or service you can
keep buying for the rest of
your life - because it keeps helping you? (Like food, vitamins,
insurance...)
5. Has the company been in business for a
long time and doing well
even during recessions?
Now, given that this is a product which is high-quality and useful,
and you'd tell your friends, family, and anyone else who asks you about
it - let's now look at how you could earn extra income doing just that.
Is it worth becoming an affiliate sales outlet?
6. Does this company have an affiliate
program which pays a
substantial return?
7. Does this company enable you to put
2nd tier, or even more sales
people under you who can in turn sell (and make you even more
commissions)?
8. Does this company put out regular
helpful marketing material
which helps you get these offers out to people who are looking for this
solution?
9. Does this company offer substantial
training to help you succeed
in selling their program?
10. Does this company take care of
product delivery and returns? Has
effective online presence and converting landing pages?
Those 10 points will tell you everything about whether that company
is a fly-by-night scene, or will give you effective return on your
investment of both time and money. Obviously, we don't want to get into
something which will tie up either time or money which we can't get a
decent return out of.
(One scam I was suckered into had a fee of about
1/4 year's salary, and some 20 hours a week going through their
training - and when it failed, they would say you didn't put enough
time and effort into it. Not "their fault" you failed. Actual success
rate was around 1 in 10,000...)
Just to keep a regular job you are
already putting more than 40 hours in - not counting commutes, which is
a sizable hidden drain on your take-home pay just in fuel prices
alone. Having a regular job is often the worst example of how
something cannot be leveraged, isn't something you'd recruit other
people to join, and isn't something you'd want to do for the rest of
your life.
I've found maybe 6 product lines which are effective and rank highly
on this scale above.
The results:
10 stars - Shaklee,
SiteBuildIt!
8 stars - Synnd
7 stars - Silva Life
Systems, Peak Potentials, Magnetic Sponsoring
This doesn't say these are the last word in affiliate products you
can try. This does give you a sensible 10-point approach to figuring
out which ones are the best. Practically, you can find affiliate
programs in almost every product line. Just type in [product line
phrase] and then the word "affiliate" after it. The checklist above
helps you with finding programs which are more than just "making money
online".
They
give you the chance to find real products which you can enjoy putting
content online to promote - because you are helping people improve
their lives with every purchase. In some of these, just reading the
materials alone can give them a life-changing experience. And really
good programs, in my experience, offer substantial free material which
shows their value and excites interest in purchasing the full product.
Additional note is that the best affiliate programs have a substantial library of data you can use to educate yourself on how to promote, how to convert leads, how to keep yourself enthusiastic - lots of free training. Because their success is based on how well you succeed...
- - - -
Assignment:
1. Go over the evergreen product lines
above - with a modern popular (or tabloid) magazine to hand (or study
the ads on TV
or in Internet sidebars for awhile). Which do you find represented?
2. Visit
http://www.affiliateseeking.com/
and search around for various affiliate products. Note those which have
multi-tier affiliate structures as well as those with continuing
payments. Do some rough calculations to see how many sales of what you
would need to make your own income goals.
Freebie:
This week it's
Inside
the Mind of Winners - a nice little inspirational essay collection
which should be a nice reference to come back to now and again. (Or
even offer as a giveaway on your own site...)