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AffiliateMatch Informer - Issue #6
Quality vs. Quantity
Contents:
- A note from the editor
- Article: Quality vs. Quantity
- Affiliate program news
- I need your help!
- Subscribe/Unsubscribe information
A note from the editor:
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Hello,
First, I would like to apologize for the tardiness of this
issue. It was supposed to be out to you yesterday, but I've
been in the process of moving into our new home all week, and
never found myself in one place long enough to sit down and
write it.
Second, I have to say a big THANK YOU! to each and every one of
you that sent me comments and questions after my last issue. It
appears that there are a quite a few out there that either work
at home now, or are hoping to someday achieve that goal.
I was very happy to hear that my words were inspirational to
some, and to find that I would be inspired by others that have
been even more successful at this than I.
I was also very pleased at the number of requests to reprint my
story. Thanks!!
Today's article started out geared towards the merchants, but
I realized that the principles behind it can be applied to
affiliate sites as well.
Whether your goal is to obtain several thousand affiliates, or
to join several dozen affiliate programs, this is definitely
worth thinking about when you are trying to plan out your
long-term strategy. (Don't be afraid by 'long-term strategy'
...in Internet time that is your plan for next month :-)
Plus, if the merchants take heed to the information in this
article, you and I, as affiliates, stand to gain as well.
As always, feedback is very much appreciated, and starting to
be expected! Every issue brings more and more comments and
questions, so don't let me down by not sending them to me!
Note: Due to the number of requests to reprint articles from
my different newsletters, and the number of requests asking me
who wrote them, starting with this issue, I have included a
signature line at the end of each article. If you have a
newsletter or website that might benefit from this type of
information, please feel free to reprint it, just keep the
sig line intact along with it.
Until next time...let's make some money!
Sincerely,
Chuck McCullough
Chuck@affiliatematch.com
http://www.affiliatematch.com
Make money with your website!
Article: Quality vs. Quantity
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Its starting to become common-place to hear of a company
whose affiliate program has hit the 10,000 or higher mark.
And I'm sure its a great feeling for those companies when they
do hit that target.
But the question that always comes to my mind when I read these
fantastic announcements is:
"Yeah, but how many of these are actually making them money?"
Its a numbers game, I know. Everyone has read the articles
stating that a small percentage of affiliates actually make any
sales at all, and the top few make the majority of the money
for the company, and themselves.
So it makes sense to assume that if it is based on percentages,
then the more affiliates you have, the more money you will make.
Plus, even though those at the bottom aren't making any money,
they are advertising your company and your products for free,
right? (That's not necessarily true, but I'll leave that for
another discussion.)
In my little fantasy world, I sit back and wonder what would
happen if you changed your focus from "the more affiliates I
have, the more they will make me," to "the better they are at
what they do, the more they will make me."
How much better would things be if you spent your time and
efforts educating your affiliates on how to build a successful
website? What if you taught them how to get more traffic to
their site, more targeted traffic? What if you taught them how
to start, and how to grow a newsletter?
Think about it for a moment...the affiliates that are making
you the most sales and sending you the most visitors are those
that know how to generate traffic, have a successful newsletter,
know how to pre-sell the visitors to help convert more of them
to customers.
Is it better to sit back and wait for those types of sites to
knock on your door? Or, you can do the research and find these
types of sites yourself and knock on their door.
But, what if you grew your own successful affiliates? Think of
the loyalty they will have towards you if you help them do
better not only with your program, but with their website in
general?
Don't tell me you are already doing this...I mean GET SERIOUS
AND MAKE THIS YOUR NUMBER ONE PRIORITY!
Sure you gave them 15 different banner choices, and there was
that 'killer ad' that you gave to all 10,000 of your affiliates.
Oh, and don't forget the autoresponder that you set up for those
that want to know how to make more money with your program.
I'm talking about 'real help' in creating a site that is geared
towards drawing traffic and making money.
Now lets imagine for a moment. What if you changed your business
plan from '10,000 affiliates by the end of the year' to '500
Internet success stories by the end of the year'.
Which of the following press releases would you rather send out?
Company abc hits the 10,000 affiliates mark!
or
Company xyz uses outstanding new affiliate marketing strategy
and creates its first Internet millionaire!
Now, this isn't rocket science here...quality vs. quantity is
not a new concept...but it is one that is forgotten by many in
the Internet age. We all know that it is better to make a few
pennies off of a few thousand, than dollars off a few.
Going back to what I said earlier, we hear all the time about
someone hitting the 10,000 mark. But what we don't hear is
"50% of our affiliates make the minimum payout and get a check
every month!"
Now that's something to brag about! Even if you only have 500
affiliates, who cares? If you keep the same commitment that
is helping the 250 take home a check, then when you have 1000
affiliates you will still be blowing the doors off of the ones
with 10,000 making nothing.
Note: Don't lower your minimum payout to 0 just so you can
publish statistics like those above. :-)
Work with your affiliates. Help them to grow their site. Teach
them how to become successful. Take some of the money you would
have spent on affiliate acquisition, and redirect it to training
materials.
See if you can talk to Ken Evoy and get a discount if you buy a
copy of "Make Your Site Sell!" for each of your 500 affiliates.
Even at regular price, $8,500 is not a bad investment to help
your affiliates become more successful. (In case you've never
heard of Ken Evoy, you can read about his book here:
http://www.affiliatematch.com/cgi-bin/links/jump.cgi?ID=117 )
Create a section on your site with training materials that only
your affiliates have access to. Give them information on how to
improve their website and newsletter, not more marketing
materials.
Offer your affiliates a bonus for the first 100 that prove that
they have implemented some of the ideas in the materials you give
them. Or a bonus for the most-improved website.
Hire someone to do nothing but visit your affiliate sites, and
tie his bonus to the number of sites he helps improve.
I visit hundreds of sites every day in my surfing, and it amazes
me how many make the same simple mistakes. If you create a top
10 list of the most important items that every one of your
affiliate sites should have, you will be way ahead of your
competition.
When an affiliate comes up with a great idea for improving sales,
make a REALLY BIG DEAL about it. Tell all your other affiliates
right away. Send out an all-points bulletin. Recognize these
efforts in a big way and you will find that more of your
affiliates will start to come up with great ideas of their own.
But, even more importantly, they will use these ideas as well
if you show how great it is working for others.
Try to create a team spirit with your affiliates. Don't let them
think they have to compete against each other. Make them realize
that there are many 'fish in the sea.' There are millions of
people on the Internet, surely they can find different segments
to target.
Teach your affiliates how to joint venture with each other to
increase traffic and sales for one another. If you can help to
foster good will between your affiliates, you will benefit
greatly!
Hopefully at this point you see where I'm going with this train
of thought. Focus on better affiliates, not just more, and you
just might find yourself setting new records in many different
areas.
Recommend-It, the Internets first and largest website
referral service has helped our member sites generate
high-quality "word of mouth" traffic through our easy-to-use
free service. Earn money while promoting your site with our
built-in affiliate program. With over 44,000 sites and 1.6
million opt-in subscribers, Recommend-It is truly the
"Internet's Word of Mouth". Install this free service on your
site!
http://www.recommend-it.com/go.e?007112
Affiliate program news
----------------------
Qspace.com has raised its commissions effective 1/1/2000. It now
pays up to 20% for sales from your site. http://www.qspace.com
Until the end of this month, Virtualis is paying a $100 bonus for
every new server account referred by you.
http://affiliatematch.com/cgi-bin/links/jump.cgi?ID=3
- I need your help!
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If you enjoyed this issue please forward it to a friend or
co-worker.
I'm working to make AffiliateMatch.com one of the best
affiliate program resources on the Net. If you know of any
quality programs that should be listed, please let me know!
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