When you are trying to find affiliate products, besides ensuring that the products themselves are topnotch, that the creator offers excellent customer care, and that you would use the product yourself, there are other things to consider, such as how much it pays and how it pays.
Does the program pay immediately? Does the program hang on to the funds for a certain period? Will they pay you via PayPal or some other method? How do they report to taxing authorities? If you get people to sign up for a membership, will you get paid for renewals?
Before signing up with any affiliate program, read all the fine print so that you know how you get paid, the rules for marketing their products or services, and know what materials they’re going to give you to help you market their solutions.
- You Want Lifetime Cookies – The best affiliate programs offer a lifetime cookie or commission. A lifetime cookie means that this unique code is always attached to your account. If you make a sale today, you’ll earn a commission, and if your customer buys again in a year, you’ll also make a commission. If you don’t have this type of cookie, you’ll need to replace your links every time they expire.
- You Want Repeat Commission – If you promote memberships to your customers that someone else runs, you still want to receive a payment when your customer renews their membership, not only the first month of membership.
- You Want Fast and Flexible Payment – You want the affiliate program to pay you fast and not hang out to your money. You shouldn’t have to earn 100 bucks before payments are made. You should make money for every single sale, no matter how small. The best plans payout at least starting 30 to 60 days after the sale to account for returns.
- You Want Marketing Collateral – An affiliate program that gives you art, content, and other collateral for marketing is one that you want to work with. If it has too many rules such as not using their keywords or company name, or you must make your own graphics, it will take you much longer to promote it.
When your program offers these features for you, it’s going to be a lot more lucrative to spend time educating and informing your audience about their pain points and the solutions that you’ve found to help them than if they offered limited or expiring cookies, don’t pay on repeat sales, and hold on to your money. But when you work with someone who values the contribution you make and is clear about that in the way they pay you and how fast they pay you, it’s a lot more fun and your time will not be wasted.
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