What is affiliate marketing and how is it a scam?

 

image source: national consumer complaint centre

Affiliate marketing is many things. Affiliate marketing can provide the necessary tools for the creative and hardworking individual to venture out on their own. Affiliate marketing can provide the opportunity to earn money doing what you are good at. Affiliate marketing can allow someone to use their skills and expertise for there own financial gain, rather than the financial gain of another person or entity. Finally, Affiliate marketing can get people started in their own business enterprises with nearly no cost or risk to themselves.

Affiliate marketing can get someone started in their own business at nearly no cost or risk to themselves. Many of us would love to work for ourselves. The two main reasons why we don’t are money and risk. You need a decent amount of capital to start even a small business. The risk involved is also tremendous with more than half of small businesses failing in the first year. Affiliate marketing can get you started working for yourself. They handle all of the products and advertising and you just concentrate on selling. If yours is an internet based program, you concentrate on increasing traffic. Most of these programs are free or involve very low initial start up costs. You’re paid according to how well you do regardless of how the company is performing.

If you have dreamed of working for yourself then affiliate marketing can be your dream come true. You can make money based on your hard work. You are the one rewarded for your efforts, not a boss or a group of shareholders. You don’t have to worry about financial risk. The head company will take care of all the detail allowing you to use your skills to the best of your ability. If you’re creative, hardworking and want to be your own boss, consider the world of affiliate marketing. Your skills and expertise could be increasing your bank balance, not someone else’s.

So Many Affiliate Programs! Which One Do I Choose and how its a scam? 

Ask questions first before you join an affiliate program. Do a little research about the choices of program that you intend to join into. Get some answers because they will be the deciding point of what you will be achieving later on. 

Will it cost you anything to join? Most affiliate programs being offered today are absolutely free of charge. So why settle for those that charge you some dollars before joining.

When do they issue the commission checks? Every program is different. Some issue their checks once a month, every quarter, etc. Select the one that is suited to your payment time choice. Many affiliate programs are setting a minimum earned commission amount that an affiliate must meet or exceed in order for their checks to be issued. 

What is the hit per sale ratio? This is the average number of hits to a banner or text link it takes to generate a sale based on all affiliate statistics. This factor 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 referrals from an affiliate’s site tracked and for how long do they remain in the system? You need to be confident on the program 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. Know if you will still get credit for the sale 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.

Does the affiliate program also pay for the hits and impressions besides the commissions on sales? It is important that impressions and hits are also paid, as this will add to the earnings you get from the sales commission. This is especially important if the program you are in offers low sales to be able to hit ratio.

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 retailer offering you the affiliate program, the easier it will be for you to know if that program is really for you and your site.

Is the affiliate 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 in your 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? 5% - 20% is the commission paid by most programs. .01% - .05% is the amount paid for each hit. 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. Try to ask your affiliate program choices these questions. These can help you select the right program for you site from among the many available. 

There is some affiliate marketing software you can use to paste your affiliate link, landing page or website. 

Online Marketer Zone  Building your email list and backlink to your website. They have collected a large numbers of the best FREE advertising sources online, in one place. All you have to do, is to log in to the members "Traffic Zone Page" and select one (or all) - then just submit your website URL, and 1000's of people will see the website or affiliate page you're promoting.

Hit and Cash Traffic System Hits And Cash is a 100% automatic online web traffic generating system. All you have to do is to join for a small activation fee, and insert your website or affiliate URL and within hours you will see traffic coming to your site from 10+ different sources!

Some Advice For Those Who Want To Become Affiliates

Today, many of us are growing increasingly tired of the workplace and the daily grind. We are continually overworked and undervalued. Working a traditional job offers very little incentive to produce more. The vast majority of us pare paid a wage with very little movement for increases.

Increasing numbers of us want to work for ourselves but this requires money and a great deal of risk. Starting your own business is a risky venture and it may be years before any significant profit is seen. Most of us can’t wait that long as our financial obligations need to be met immediately.

To bridge this gap, some are turning to the field of affiliate marketing. Affiliate marketing allows you to work for yourself. Instead of creating your own business, you working to expand an already existing one. This keeps the risk factor and investment low so you can concentrate on how to make profits. 

Many think it sounds easy. Certain aspects of affiliate marketing make it very attractive but it isn’t easy at all. There are steps and loads of advice you should follow before plunging head first into and affiliate marketing scheme.

The first thing you should do before committing to an affiliate marketing scheme is to evaluate your skills and expertise. How motivated are you? How many hours are you willing to put in? What business skills do you already have and what skills do you need? Even though the risk is minimal, you want to make the most of the venture. You will need some business and sales skills. If you have none then you need to learn. There are very few products that sell themselves. If they did the company wouldn’t need you to do it for them. You profit will be based on your performance. If you can’t perform then your venture will struggle.

The next thing you should consider is a product themselves. You should find something that you know something about. That way you sound much more sincere when you are marketing them. However, you also need to look into how salable they are. You may have loads of knowledge about a particular area but if it isn’t something that sells it will be useless. Find out from the company how well these items sell. How much of a return you can reasonably expect. Don’t let them dazzle you with the sky is the limit speech, or one of our salesmen hit the million dollar mark. You need to know what you are likely to achieve.

Finally, you need to have realistic expectations. One of the reasons that many work at home ventures fail is that people want instant results. Running a business of any type takes time and hard work. With affiliate marketing your will get out only what you put in. with patience and hard work it will be lucrative. Learn what is realistic and shoot for that. If you make more then great.

Affiliate marketing is a fantastic way to start in your own business. If you’re self motivated and independent then this fields could be an excellent choice. Before you jump in, research the company. Look up the salability of the products and ask for reasonable projections. Base your goals on these and build from there. With patience and hard work you will make a success of affiliate marketing.

I suggest you to learn about internet marketing with minimal risk as possible.