Do a little research about the choices of program that you might like to get involved in. Make sure you get some answers because those points will be the deciding point of what you will be achieving later on.
Will it cost you anything to join? Some of the best affiliate programs being offered today are absolutely free of charge. So why settle for those that charge you?
When might you get paid? Every program is different. Some issue their cheques once a month, every quarter, etc. Select the one that is suited to your payment time choice. Many affiliate programs may also set a minimum earned commission amount that an affiliate must meet or exceed in order for their cheques to be issued.
What is the hit per sale ratio? This is the average number of clicks on a banner or text link that it takes to generate a sale based on over all affiliate statistics. This is extremely important because this will tell you how much traffic you must generate before you can earn a commission from the sale.
How are details from an affiliate’s site tracked and for how long do they remain in the system? You need to be confident enough to track those people you refer from your site. This is the only way that you can credit for a sale. The period of time that those people stay in the system is also important. This is because some visitors do not buy initially but may want to return later to make the purchase. You need to know if you will still get credit for the sale even if it is done some months from a certain day.
What are the kinds of affiliate stats available? Your choice of affiliate program should be capable of offering detailed stats. They should be available online anytime you decide to check them out. Constantly checking your individual stats is important to know how many impressions, hits and sales are already generated from your site. Impressions are the number of times the banner or text link was viewed by a visitor of your site. A hit is the one clicking on the banner or text links.
Who is the online retailer? Find out whom you are doing business with to know if it is really a solid company. Know the products they are selling and the average amount they are achieving. The more you know about the entity offering you the affiliate program, the easier it will be for you to know if that program is really for you.
Is it a one tier or two tier program? A single tier program pays you only for the business you yourself have generated. A two tier program pays you for the business, plus it also pays you a commission on the on the sales generated by any affiliate you sponsor into the program. Some two-tier programs are even paying small fees on each new affiliate you sponsor. More like a recruitment fee.
Lastly, what is the amount of commission paid? 50% – 100% is the commission paid by most programs. . If you find a program that also pays for impressions, the amount paid is not much at all. As you can see from the figures, you will now understand why the average sales amount and hit to sale ratio is important.
These are just some of the questions that needed answering first before you enter into an affiliate program. You should be familiar with the many important aspects that your chosen program should have before incorporating them into your website.