Why do you want to become an affiliate marketer? Why do you sign up for affiliate programs? Does it matter if it’s through a network or an individual vendor? No, it doesn’t matter because the bottom line is, you want to make money.
And if you’re going to make money via affiliate marketing, then why not make as much as you possibly can? That’s why I’m going to show you how to maximize your affiliate commissions.
Depending on your niche, there are thousands of offers out there waiting for you to promote. When choosing programs to promote, you want to do your homework and spec out the ones that give you the best payout and overall profitability.
Tip: What I like to do is check out top affiliates in my niche, see what they promote and try it for myself. If I like it, I’ll promote it.
Tip #1. What Is The Payout Level?
When it comes to affiliate marketing, you’ll often see that companies offer either a flat payout or a certain percentage. Let’s use an example here:
- Bob’s SEO Audit Company pays a flat fee of $50/referral.
- George’s SEO Audit Company pays 50% of the first sale.
So which offer should you take? Bob or George?
If you’ve made a decision already then you are ahead of yourself. Obviously, at this point, we don’t know yet because we’re not sure how much is each sale for George. What if his offer only costs $5.00? That means at 50%, you’ll only make $2.50.
However, if his service cost $1,000.00, you’ll be earning $500.00 per sale. Now that is way better than the $50.00 flat fee that Bob offers.
Obviously, mine is just an example because it can vary depending on the companies you are promoting. My point is, try to break down the payout level and see which one nets you more profit.
Tip #2. What Is The Average Conversion Rates?
Here’s how I see it, I don’t care how great the payout is if the product doesn’t convert very well. An easy way to check if the product is popular is by doing additional research. Forget about how much a certain affiliate marketer is making. Chances are, his or her results are not typical.
If you’re a ClickBank affiliate, you can check the gravity score. It’s an indicator that people are making money from the product. The higher the gravity score, the better!
Now if you’re an Amazon affiliate, you can check the customer feedback. How much feedback is the product receiving and how many of them are positive?
Even if the product pays you a handsome commission. What good is it if you’re only going to earn a commission once in a blue moon? It’s all about long-term profit.
Tip #3. Are The Commissions Monthly Recurring?
Affiliate marketing income can fluctuate. One month you can earn a few thousand dollars and the month after you can earn a few hundred dollars. It’s not stable like a job, but your earning potentials are much greater.
Besides one-time commission, you can also try to explore commissions that are monthly recurring. If you look at the Costco’s business model, they are selling memberships to their members over and over again.
What I usually look for in an affiliate program is continuity income as well as high retention rates. If the program keeps their customers happy, I’ll earn a monthly recurring commission for each customer I refer.
For example, when I refer customers to AWeber, my email service provider or ClickFunnels, a sales funnel creation software. I will continue to earn a monthly recurring commission as long as they remain a customer. That is truly passive and predictable income.
As long as you follow my tips above, you should be able to maximize your affiliate commission. Besides the money, you should mainly focus on building a brand because people buy from those they trust.
Picture a random website filled with affiliate links, banners, etc. Would you go ahead and make purchases without knowing or trusting this person? That’s why you see daily blog posts from me. Majority of the time, I’m just giving away free information with a couple promotions on the side.
I don’t charge people to read my blog posts. I have them here to help people who need help. If you’re a new affiliate marketer, you’ll find some of my blog posts inspiring. I’m not expecting you to click on my affiliate offers and buy. I’m hoping to build a long-term relationship with you.
I hope this helps if you have any questions, please kindly leave a comment down below!