How to Easily Increase
Your Affiliate Commissions in Two Days or Less
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> Affiliate Programs
> Increasing
Commissions
by Mark Joyner
Clearly, the people benefiting the most from affiliate
programs are the companies running them. My goal here is to help you
- the affiliate - earn more money. If you've gotten past the idea
that you can simply slap a banner up on your site and start earning
money, but you're not sure what to do next, this article is for you.
Allow me to cut right to the chase. Here is a plan
of action. This may seem like a lot of work, but don't worry! At the
very end, I'll show you how to automate all of these steps. For now,
just read through to get a general idea of how you need to proceed:
Day 1
Step 1 - Vow to organize your affiliate efforts. Begin with
organizing all contact information, payment information, and vital
statistics about your affiliate programs in one central location.
This may seem like a silly step, but believe me; you don't want to
spend your time digging through emails for contact information and
codes. You should also know, with just a few mouse clicks, how much
is owed you by the various affiliate programs in which you are participating.
Step 2 - Select one affiliate program on which
to focus your efforts for the next 3 weeks. In order to apply some
of the various principles I will show you in a few moments, you need
to select one area of focus. It's best to select an affiliate program
that has several products, instant online tracking of sales, instant
notification of sales, and the ability to segment your promotions.
Internet
Marketing ProShop has all of this and more.
Step 3 - Select three promotion methods and
two products to promote.
This is crucial. This will make sense in a few moments.
If you can't think of three promotion methods, here are a few ideas:
- An ad in someone else's eZine.
- A mailing to your own subscription list.
- A text link on your site with some ad copy.
- A banner on your site.
- A product review on your site.
- An FFA submission.
Now, some of these methods are more effective than others. But you
don't need me to tell you that. I'll show you how to find out for
yourself.
Step 4 - For each promotion method and each
product, develop two ads. So, since you have three promotion methods,
two products, and two ads for each - you will have to write 12 ads
total. So, for each ad, let's give it a code. If it's method one,
product one, ad one, you can call it:
M1P1A1
For method one, product one, ad two, you can call it:
M1P1A2
For example, if you plan to promote my marketing course
1,001 Killer Internet Marketing Tactics using ads in someone else's
eZine, you will need two ads. One would be M1P1A1, and the other would
be M1P1A2. If you also plan to promote it using a review on your site,
the first review would be M2P1A1 (method 2, product 1, ad 1) and the
second would be M2P1A2 (method 2, product 1, ad 2). This is just one
way to code your ads. You can do this any way you like as long as
you can distinguish precisely which campaign these codes refer to.
This sounds like a lot of writing. Don't be daunted
by this! Just crank it out. Don't think too much about each ad. We'll
find out in a while which one is good and which one is bad. You won't
decide this - your customers will! Don't be afraid to try something
wild.
Now, when you promote each product, you'll need to
tie each promotion to the code you created. With the Internet Marketing
ProShop Partner program, you can segment your campaigns by adding
an _code to the end of the URL you use to promote each product.
For example, if you are promoting 1,001
Killer Internet Marketing Tactics, you would use this URL:
..../kt.cgi?sponsorID
To segment your campaigns, you would add your campaign
code on the end of that URL for each campaign:
..../kt.cgi?sponsorID_M1P1A1 (for campaign one)
..../kt.cgi?sponsorID_M1P1A2 (for campaign two)
Note: The above method is only valid for our affiliate
program, so don't try this with any other affiliate program. We don't
know of any other affiliate programs that allow you to segment your
campaigns, this way, so please use caution here.
Step 5 - Before you finish for the day, promote
the product using your "ad 1" for each product.
You'll need to record:
Impressions - If you're advertising on a web
page, this will be the number of times your ad appeared on the page
- or the number of times the page was viewed if your ad comes up each
time the page is viewed. If you're advertising using some form of
email, impressions = number of emails sent.
Clicks - You should be able to get this from
the affiliate program you are promoting.
Amount Earned - Again, your affiliate program
should provide this information to you in real time.
Now, in order to do a valid test, you'll need to promote
to a fairly significant number of people. I would recommend that at
least 300 people see each ad. Otherwise, you won't have enough information
to make a valid judgment. Ideally, you should hit about 2,000 with
each ad, but your resources may not allow for this.
Learning point: If you're going to send an ad
via a newsletter, see if you can run a "split". That is, get one ad
sent to 1/2 of the list and another sent to the other 1/2. That is
the most accurate way to compare the effectiveness of any pair of
ads.
Day 2
Step 6 - Run your "B" ads. Now that you have run your "A" ads
and have given them a bit of time to take effect, run your B ads.
Do this first thing this morning!
By the end of the day, you should have some good results
from both campaigns to compare and see where you stand.
By comparing and analyzing all of the information you
have just compiled, you will be able to start to have a good idea
about:
- Which product seems to sell more.
- Which type of campaign is most effective.
- Which type of ad for each campaign is most effective.
This short bit of testing won't allow you to make clear conclusions,
but it will put you on the right track. Immediately, you should start
using the ads that *sell* as much as you can. If ad A is making you
5 cents per impression and ad B is making you 5 dollars per impression
- using ad B just increased your affiliate commissions by 9900%! OK,
that's a dramatic example, but you get the point, right? If you aren't
tracking these things, you'll never know. If you track and continue
to refine, before you know it, you'll have an arsenal of ads that
you know pull well, and you can use them over and over again. Once
you do the leg work, it's easy!
As you see, though, this can get quite complex. How
does one actually analyze these campaigns? What if you have scores
of affiliate programs and quite a few campaigns for each?
Don't worry. As I told you at the beginning, there
is an easy, cost effective way to keep track of all of these things
with just a few mouse clicks. It's called Affiliate
Assistant.
I highly recommend checking this out as it will, among
other things, allow you to quickly and easily implement the above
plan in one central location. With just a few mouse clicks you can
compare and analyze all of your various affiliate ad campaigns so
you'll know which are making you money and which are wasting you time.
You could do all of the same things yourself with a
good database program and multiple spreadsheets, but Affiliate Assistant
will save you quite a bit of time and money without having to go through
all that.
Either way, you should implement some type of organizational
and tracking plan like this for your affiliate advertising efforts
immediately. The amount of time you put into this will pay off exponentially
in terms of higher commissions.