Quote:
Originally Posted by Alvin
most types of affiliate programs seem to offer a pittance and banner adverts do not work.
Its much better in general to sell your own products on a site in order to ontain the full benefits of your endevours.
why take 5-10% when you can have 100% .?
There are some fair affiliate schemes but few and far between,some in the insurance area.
Alvin
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You have a product that returns a 100% return?
Tell me more
In all seriousness, 95% of affiliate sites fail (market stats not mine) due to many coming up with the idea, launching and then doing nothing.
As with anything in business, you get out what you put in. It takes hard work and the constant cycle of evaluation and change to keep it earning.
The major downside is the payment cycles from the big boys such as TD. They can take up to 4 months to release funds.
Choose your service carefully and pick your market even more selective.
The major bonus to affiliate marketing if you can make it work is the
TOTAL COST EFFECTIVENESS
Consider what you do not have to do as opposed to owning your own store and selling products.
- No product sourcing issues
- No inventory management requirements
- No after sales management required
- No returns requirements
- No DTR compliance
- No staff requirements
- No stock storing issues
In short, minimal overheads for potentially good returns. 5% to 10% on sales is a good margin when you consider the online margins around today for competitive products.
Make no mistake, it is a long road to success and requires a business plan like any other venture.
Just remember...only 5% make it into super affiliate status.
HTH.
HTH