cb quantum having Affiliates doing your Marketing for you. What I mean by Affiliate is person who tells people about your product|service and you pay them for a desired reply, such as a purchase.
Affiliate Marketing is one of the better ways to get the news out about your product|service.
The easiest way to pay Affiliates is pay per sale. This means that you simply have to pay your Affiliates when they actually make a sale. This reduces your advertising costs dramatically. your Affiliates take on all the risks so you don’t have to worry about wasting your money on advertising which may not create any results.
Using Affiliate is a very cheap way to advertise, however it is very effective. The software required to start up your own Affiliate program can cost only around $50 per month.
Then after that just look for people to start promoting your product|service for you.
Please remember that 5% of your Affiliates will do 95% of the selling. What I mean by this is that most of your Affiliates will just sit there and do nothing. This can be prevented} if you teach them what to do, exactly how to do it and supplying everything for them so they have to do as little work as possible.
You don’t have to use cb quantum of advertising just to sell your product or service. You can also use it to grow your opt-in mailing list.
How much you pay your Affiliates actually depends on how much your product|service costs, its profit allowance, how much you’re prepared to give up and what process you want to take place.
Lets say that your merchandise is priced at $100 Lets also assume that it cost you $10 to make it. This leaves you $90 net profit.
How much of this do you wish to give away to the person that made this sale possible?
You should give a rather high percentage of the net profit back to the affiliate (Depending on how many sales they regularly generate), because without them, you wouldn’t have made that particular sale at all, so honor them for it.
A fairly decent reward is about 50% of the revenue generated. Your product is priced at $100 so a $50 commission is quite generous. It really depends on your other costs (such as a mortgage) you have, which would help decide on a fair commission to both you and the Affiliate.
Another factor which plays a part is how much additional advertising you do, such as pay per click. For example, if you rely entirely on your Affiliates to Market for you, then you may want to cut the commission you pay to them to help you survive. However, you may wish to pay them more, to promote them to send more sales you way.
On the other hand, if you advertise in other ways effectively, then you can afford to pay higher commissions, because you’re not putting all your eggs in one basket.
In the end it’s all down to how greedy or giving you are. It really is a judgment call.
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This post was written by admin on May 29, 2009
