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How to Evaluate an Affiliate Program
by
Sanjay Johari, www.sanjay-j.com
There are thousands of affiliate programs offering wide
range of benefits to their affiliates. However, many of these programs
and the claims they make are not to be trusted. Good affiliate programs
provide tremendous earning opportunities, but they need to be
evaluated to distinguish them from doubtful ones. There are several
factors to consider before someone decides to join any affiliate
program.
Products
Organizations which operate affiliate programs generally have some
products to sell. These products can be in form of physical products,
e-products or services. It is important to ascertain that the
organization has some products to sell and that it recruits
affiliates to help them in running their business. One should be very
careful with any organization that has recruitment of affiliates as
their main business. It is best to avoid such organizations because
their affiliate structure is like a house of cards which can crumble at
slightest impact.
The organizations which have products to sell and market them thru
affiliate programs cut down on the cost of advertising and
distribution. This amounts to considerable savings which they share
with their affiliates. If a new affiliate is already familiar with the
products, this can be helpful but this is not a necessary pre-
condition to join affiliate program. New affiliates can learn about the
products quite fast.
Organization's Track Record
It is not difficult to find out about the
organization before joining it affiliate program. Search engines are
one of the sources which can be used for this purpose. Verifying the
testimonials presented by the organization is another source of
information. The organization should have proven track record of
operating their programs for several years successfully. If the
organization is new or just starting, the person starting the program
should be well known with good credibility. This is precaution against
joining organizations which promise get-rich-quick scheme and then
disappear.
Support Availble to Affiliates
Most of the new affiliates joining any affiliate
program are new to the field of marketing on the internet. They need
guidance and support for promoting their business and earning money for
themselves. It is in the interest of the organization to help their
affiliates to succeed. These organizations are in their business for
considerable longer time than the affiliates, are more knowledgeable
about their market and about the
ways of promoting their products. They are in best position to provide
their affiliates with proper guidance. Many organizations have
excellent support system by way of trainings, tutorials, articles,
books, marketing plans, marketing tools, forums just to name a few.
These are generally available from websites accessible to the
affiliates.
Apart form the promotional material and information available from the
website, personal guidance can be vital. A new affiliate may not be
familiar with all the resources available and will look for mentoring
at least in initial stages. It should be remembered by the
affiliate that her success will add to the success of the organization,
the organization is obliged to help her.
Payment
Another factor to consider is the mode and frequency
of payment to the affiliates. The affiliate should make sure that this
suits her. Just to give an example - many organizations make payments
thru PayPal, but PayPal does not transmit money to all the countries.
Such details should be checked before putting time and effort for any
affiliate program.
Affiliate Structure
There are many different ways in which organizations
build up their affiliate structure. Many organizations have single tier
structure in which affiliate is only paid commission for sale. Other
affiliate structures are 2-level or multi-level deep in which the
affiliate earns also from the efforts of personally sponsored members.
In turn, the affiliate is expected to help her sponsored members to
earn for themselves. This is one great feature
of multi-level marketing leading to leveraged earning. You can read my
article on leveraged earning at this URL :
http://www.sanjay-j.com/artlever.html
There are still more variations in the structure. Some organizations
allow a limited number of affiliates directly under each affiliate.
There is no "ideal" affiliate structure. But it is important to have
clarity in the structure and the affiliate should understand the
structure.
Compensation Plan
There is lot of variation in compensation plans
starting from simple commission to more elaborate plan in which
affiliates additionally earn thru the efforts of their sponsored
downline members and also from a common pool. I personally favor plans
which have provision for leveraged earnings where teamwork really
counts. Residual earning is another attractive feature of affiliate
marketing which can build into sizeable income over a period of time. I
am not against any compensation plan so long as it
is understandable and appears reasonable. You have perhaps noticed that
I have put this factor as the last consideration. However it is an
important consideration after all other considerations are found
acceptable.
Persistence Pays
It takes time to build up business with any affiliate
program, no matter how good the program appears. After joining any
affiliate program after thorough evaluation, one needs to stay with the
program giving it time to build the earning. Get-rich- quick scheme do
work some times but they are rare exception rather than the rule and
cannot be depended upon.
This small slogan should be ingrained in the thinking when someone
joins an affiliate program:
PERSISTENCE PAYS.
Sanjay Johari contributes articles regularly to several ezines. His
website contains articles, information, ebooks, tools and more for
operating home based business. Visit his website for his choice of top
affiliate program to join: http://www.sanjay-j.com.
The Linknet Network is a library of resource materials spread across more
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