Avoid Profit Loss By Ensuring Your Affiliates’ Success!
Mary Murtha
One of the most frequently asked questions from people who have affiliate programs today is, “How do I keep from losing profits with my affiliate program?”
Losing some profits is a given aspect of our time, but there is a way to cut back on the loss.
As the economy continues to slump, website owners, including affiliates, lose interest because monies are tight. We must remember most new affiliates have no “get up and go” knowledge that helps them gain confidence and assurance about marketing and sales.
The key to making great profits in your affiliate program is to motive your affiliates effectively. This can be done by teaching and inspiring them; “coaching” sums it up in one word. We have to “tend” to their needs instead of our wants.
Not equipping and motivating affiliates effectively are the main reasons affiliate programs fail to bring in substantial profits! When it costs the affiliate for information or time, the bottom line is that it cost both of us.
Any CEO whose company is making substantial profits will tell you it takes work to keep their crew motivated. The Internet marketing circle is no different. If we want to make the most profits from our Internet marketing business we need to create a healthy responsive crew. This means we need to keep the affiliate’s needs utmost in mind. If we tend to their needs, they can be more effective and we can make more money.
There are many aspects to maintaining a healthy and responsive crew. Here are some tips that can and will highly motivate your affiliates so both of you can profit. They have been proven time and time again by the many marketers that run successful affiliate programs.
1) Make it worth their while! The first thing I do when I want to start an Affiliate program is come up with an irrefutable deal; one they can’t refuse. If you truly want to captivate someone’s attention, you have to make it worth their while to look at you and your product. You are “selling” them the idea of working to make profits!
2) Equip them! Try Giving them free information they can actually apply to their Affiliate business. Give them information about how to make great articles, good sales letters, or how to boost traffic.
Tell them they need their own website. I have a great tool to make mini-sites displayed on my site. I say mini-sites because they are easy and go up quickly. This way the affiliate won’t lose a lot of time and waste energy getting frustrated. Once they are motivated they need to get up and running quickly before they lose interest. Show them how to use the inevitable autoresponder, prepare and post messages, e-courses, and reports. You can sell your e-books to them. I am talking about giving them various ways they can gain information so they can be successful.
Another one that drove me nuts was how to build a subscribers list of potential repeat costumers and actually keep them coming back!
Articles you write having great content helps too. They can use them to gain a competitive edge over everyone else.
You will be surprised at the results you get! Experience has taught me when affiliates gain more information, they feel confident and assured about what they are doing. As this happens, they keep focused because he or she is getting results. If they get results, you get results!
3) Show them You care about their success! Nothing motivates affiliates more than having someone care enough to see them succeed other than primary results! You can do this by staying in contact with them! Show interest in them. Encourage them!
4) Teach them about ethical marketing! They can keep their credibility and remain in business. Remember, if they are successful, you are successful! Take pride in your affiliates because they are a reflection of you and your business.
Please remember these tips are suggestive only. If you want to continue losing profits, by all means, disregard them and continue making less money. But if you seriously want to succeed at making the most out of your affiliate business, try the suggestions.
What do you have to lose?
Article may be freely distributed in its entirety! Absolutely no selling, editing, or altering content including the link provided. You can add your text box with link at the bottom.
Mary Murtha graduated with a BLS and M. Div degree majoring in biblical study, theology, and ethics. She also started her online business 6 years ago and just published a new Article Directory site.
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