You can choose an affiliate program using this simple criterion;
> The relationship between product or
services and your Niche
> Payment method
> Commission
> Minimum Sales Threshold before payout
> Cookie life
> Rules of Marketing
The Relationship between product / services and your Niche
It is important to select products and services that you can promote using your niche - Your niche is your area of interest, which could be Finance, Business, Marketing, Health or something else that you enjoy writing about. This will help your audience to make informed decisions to follow your link and make a purchase.
Payment method
There are some payment methods that are not available in some countries, for instance; PayPal and Strip. Yet some affiliate programs only pay using those methods. Therefore, it important to sign up on programs that can accommodate your preferred method of payment. Otherwise, you will not be able to receive your commission. For instance, Travelpayouts and Fiverr accept various methods of payment which include bank transfer and Payoneer and several other preferred methods of payment, while Ecwid only accept PayPal.
Commission
It is important to understand the commission structure of the affiliate program. There are companies that pay a onetime commission per sale while others pay a certain percentage which is recurring. You also need to understand the actions that qualify you to be paid a commission; there are affiliate programs that Pay-per-Lead, while others Pay-Per-Sale. Always check and see if you are comfortable with the terms of payment. This will help you determine how much time and effort you are willing to put into promoting a product or service. For instance, Fiverr pays between $15-$150 per sale.
Minimum Sales Threshold before payout
There are affiliate programs that pay you as soon as you make one sale or generate even one lead. However, there are others that will not pay you until you have generated more sales and your commission has accumulated to a particular amount ranging from $5 to $1000.
Cookie life
Always check the cookie life of the affiliate program, it will inform you about the strategies you need to promote your products or else you may not receive commission if the cookie life expires before a sale is made by your referral.
Rules of Marketing
Understanding the rules of the particular affiliate program you are interested in joining is very important. This is because if you don’t follow their rules you will not be paid and may be removed from the program.
Why put in so much time and end up losing all the money you have made?
For instance; there are affiliate programs that prohibit the marketing of their products using goggle ads. Some affiliate programs highly prohibit the sharing of your unique affiliate link on forums and social networks, if your link is labeled as Spam you may be reported to your affiliate network for violating the rules of publication and you will be punished. Some affiliate networks consider sending your link via email without the user’s consent as a criminal offence, except in cases where you have their consent or the link leads to your profile or page. Some affiliates are usually tempted to shorten their links; not all affiliate programs tolerate that action so beware. The best way to avoid having issues with affiliate programs is take your time and thoroughly go through their rules. You might also consider sharing the link to your website or blog where you already have your affiliate links embedded in your content instead of sharing your links randomly in places where they could be potential labeled as spam.
Read more > 7 Best Affiliate Programs 2023: Earn Passive income online
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> Affiliate Marketing for Beginners 2023: Earn Passive income online
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Disclaimer: As affiliates we earn from qualifying purchase done using our partner links at no addtional cost to you