Affiliate programs are a great way to earn passive income. But before you sign up for the first one that comes along, take a minute to read this article and answer the question: are affiliate programs worth it? To help you make an informed decision, this post will cover what affiliate programs are, the advantages of using them, and how they can become lucrative over time.
What are affiliate programs?
An affiliate program is an online marketing system that allows you to create revenue by driving traffic to a merchant’s website. When someone follows your link and makes a purchase, the merchant will pay you a commission. These commissions can be in the form of a percentage of the sale, or a flat fee for each lead generated. Either way, it’s great – and that’s why so many people are interested in using affiliate programs!
Why use an affiliate program?
Affiliate programs allow you to make money by doing something you probably do already; share information with friends over email, on Facebook, or Twitter. For example, if I ran a website about sports betting, I could create a dedicated page and list tips on when my favorite teams are playing, or offer a special bonus for anyone who signs up to as my affiliate.
The traffic I generate will then be sent to the website of the merchant who offers the best bet – and those commissions can add up quickly.
How do you know which affiliate program is right for you?
There’s no universal answer, and it all depends on what it is that you have to offer. If you’re an expert in a specific niche, then your product might be best suited for a network like Experts Exchange. If you have a website with products available to purchase, then Amazon or eBay are probably better choices. There are many different affiliate programs out there that will suit different needs – and the best way to find the one that works well for you is to explore them.
What are the best affiliate programs?
The following are some of the better-known affiliate networks:
Amazon Affiliate Program
One of the best-known affiliate programs in the world; Amazon’s affiliate program will pay you around 4% per sale that is generated using your link. This is on par with many other affiliate programs, but with Amazon’s reputation you’re guaranteed that people will be interested in your product.
This is an online marketplace for digital products, such as e-books and software applications. ClickBank has a well-established reputation, and is a good place to look for high-quality products.
One of the largest affiliate networks around. They accommodate all niches from dating to finance, and will pay you on a rolling 90 day basis. Payments are made by check or PayPal; direct deposit can also be setup for those who prefer it.
When dealing with individual affiliate programs, the commissions you can expect to receive are dependent on a number of factors. There is no reason why you should not be able to negotiate for more if you can bring a quality flow of customers. Affiliate programs are usually quite willing to negotiate commission rates with established affiliates – so don’t be shy in asking for more.