Online affiliate marketing has a low entry barrier. Everyone who knows how to switch on the computer can join online affiliate marketing.
However, the low entry barrier to online affiliate marketing means it is very competitive.
You can use so many methods for online affiliate marketing, such as bum marketing, forums, Pay Per Click advertising, Twitter and other methods of promotion. All methods of promotions are very competitive.
How can a newbie succeed in online affiliate marketing?
There are a few practical tips to help newbies to succeed in online affiliate marketing.
Online affiliate marketing: High ticket item
It is better to choose a high ticket item than a low cost item.
If you are using bum marketing method, you will spend time and effort in article writing. That is why it is not worth to write 20 articles a day just to earn $2 per sale. You are better off writing 20 articles per day to earn $40 per sale.
That is why you must choose a relatively high paying product in a popular niche.
Online affiliate marketing: High commission
Some vendors offer 75% commission and some vendors offer 25% commission in Clickbank. If the costs of products are similar, it makes sense to choose the products with higher commission.
Online affiliate marketing: volume
The volume counts if you are going for low cost products with low commission basis. Volume is the singularly most important factor in Amazon affiliate program. The commission from Amazon affiliate program starts from a miserable 4% and caps at a slightly miserable 15%.
That is why you need high volume in order to make money.
Online affiliate marketing: Recurring payment
Some products have recurring payment.
For example, you are promoting a coaching course. Courses usually have recurring payments. It is better to have recurring payment so that you can earn more in the long run.
Online affiliate marketing: Back end offers
Some vendors have back end offers. That means you get paid for the product you promoted, plus all the products that the customers buy.
For example, the vendors have a few guidebooks for sale. You promote one of them. The customer buys that one, plus two other books. You will get paid for all the three books if the back end offers stand.
Online affiliate program: Duration of cookie
Most affiliate programs offer a 60 days cookie. That means the customers must buy within 60 days of clicking through your link.
However, there are some affiliate programs with lifetime commission. That means once you recommend a customer, you will get a commission even if the customer buys a year later.
In this sense, Amazon affiliate program is the lousiest, with just 24 hours cookie.
Check out how Clickbank Pirates can help you to succeed in Clickbank affiliate marketing.
About me:
Scheng1 is a passionate blogger from Singapore. Rich in every sense reveals my deep desire in enjoying life, and be rich in every possible ways. Personal Finance is about money, from making money to investing money.