Make Wise Product Choices
Making wise product choices is a very important part of your affiliate business success.
There are two key factors to choosing the right product.
The products quality/reputation
And the commission you can earn.
It can take some time to find the perfect balance.
You want to be associated with a product with high quality but also make money with.
Look for a product that is good for your reputation because you want to be marketing this product for a long time.
As mentioned earlier, the best product is one that you use, so do your homework.
There are many places to find products to be an affiliate of.
Here are a few I recommend:
Commission Junction
Share A Sale
Link Share
Max Bounty
ClickBank
Whatever product you choose I can’t stress enough please do your due diligence before deciding to represent any product.
Don’t just pick a product because it has a high commission rate.
As an affiliate you want to maximize your return on your efforts. You will need to consider the commission that is being offered to you as an affiliate.
Let’s say for conversation sake your goal is to earn $5000 per month. If for example you’re an amazon affiliate. And as an amazon affiliate their commissions range between 4% and 8.5%.
Let’s do some simple math. Let’s say you’re selling a product for $100 and with amazon you’re making the top commission of 8.5%
In order for you to earn $5000 per month on 8.5%, which would be $8.50 per sale. You need to sell 588 units each month or just over 19 units per day. (the total would be $4998.00)
This is certainly doable with Amazon, but please know it will take time.
But now let’s change that up and you’re an affiliate with a company that offers you 25% commission for a $100 product. Now you’re earning $25 per sale.
In order to earn the same $5000 per month now all you need is to sell just over 6 units per day or 200 units per month.
Consider the math.
You might also want to consider looking for programs that offer recurring commissions.
These are memberships programs where the customer has to pay a monthly fee in order to use the product or service.
Being an affiliate of this type of program gives you a residual income each month.
Now, you can have money coming in at the start of each month before you’ve even sold anything new for the month.
Use your time wisely and do your research to make wise product choices.
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