One of the attractions of affiliate marketing is being a “hands free” way of making money. Other advantages are not dealing with customer service, refunds, returns or any other basic hassles of running a business. The disadvantage is the small commissions earned compared to being a product creator. You might have noticed that more and more gurus are encouraging product creation. While this will bring in more money, it will also bring you more grief. Thus, we will discuss avoiding the disadvantages of affiliate marketing.
Having a Good Relationship with Your Affiliate Manager
The easiest form of affiliate marketing is getting into CPA (Cost Per Action). This is preferred due to the simplicity in the marketing method. CPA is making money by collecting Emails, or Leads. You are paid for every Lead you collect. With this said, it is the most difficult to get approval to a CPA Network. Building a relationship with your affiliate manager is necessary to getting into a CPA network.
The money is in the list. Easy concept, but hard in actual practice. Simply put, you will need a web-page builder (opt-in form), a hosting account and an Autoresponder. You can offer a PDF report, Ebook or Video Course as an Ethical Bribe. The idea is to give something of value in exchange for an Email address. Once you have someone on your list, the time comes for you to build a relationship so that there is trust. With trust is established, promoting products to your list to make money is possible. It’s important to always provide value to keep your subscribers interested.
Creating Your Own Product
Research in finding out what is there a market for. Something that will solve a problem that people are actually looking for. The research starts at forums to see what people are complaining about. Sometimes a simple survey can go along way in finding the answers you seek. Your product can be a digital information or even a software, for those who really have the money to put in. Another product can be a membership site or training course.
Avoiding the disadvantages of affiliate marketing, can be simple or full blown drama. It depends on what you’re prepared to deal with. There are limitless rewards when going into affiliate marketing and there are also a multitude of headaches. Just keep at it and eventually you will get to where you want to be.