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Affiliate Marketing – Types Of Affiliate Programs That You Can Sign Up For
There are several types of affiliate marketing programs that are available online and you may have a hard time choosing the right kind of program. It is crucial that you understand the kind of affiliate programs you have opted for such as those that pay-per-click, pay-per-sale, cost per action programs and single/multi tier affiliate marketing programs.
You need to check out the payment methods such as PayPal, StormPay, MoneyBookers etc. You also need to find out the frequency of the payment and what tracking software is being used by them. They must have a regularly updated statistics page displaying the latest updated information that will make it easier for you to understand where you stand. You can learn about the support offered by them as well as learn about the marketing tools provided by the merchants.
Pay-Per-Sale Programs
There are pay-per-sale affiliate marketing programs that pay the affiliates only for any sales generated from visitors referred/directed from their website. Such programs are extremely popular as well as some merchants offer commissions ranging from 25%-75% of the sales price. Affiliates have to be careful as to select products that pay a high commission comparatively while being easy to sell. Do not make the mistake of just opting blindly for programs that pay a high commission but whose products are very difficult to sell.
Pay-Per-Click Programs
Most affiliate marketers seem to prefer pay-per-click affiliate marketing programs as they get paid for each visitor they refer to the merchants website. Affiliates are required to display advertisements or banners that lead back to the merchants website. The key to successful marketing for any type of affiliate program is to drive heavy targeted traffic which will definitely improve the click through rate and thereby the commission.
Cost Per Action Programs
There are affiliate marketing programs that pay a certain percentage for visitors, directed from the affiliate marketers website, who sign on for a newsletter or who subscribe to RSS feeds.
Affiliate Referral Programs- Tier Marketing Programs
There are affiliate marketing programs that offer a commission for each sale generated from your website as well as for recruiting new affiliate partners. You get paid a one time commission or if you look hard enough you will find programs that pay you a monthly sum for sales made by the affiliate partners you recruited. There are single, two and multi-tier programs available.
There are some affiliate marketing programs that pay you for each referral and sale made by affiliates recruited by you. You will therefore not only earn a commission made by the sales/clicks generated from your website but also through recruiting and building the affiliate network. These are the various types of affiliate programs available; choose a system that offers you a chance to earn a decent profit perhaps even a 5-6 figure income!
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