How Single Level and Multi-Level affiliate program Commissions Differ Not all affiliate program commission structures are the same. The two most common, of course, are the single level and multi-level structures. The single affiliate program commission type consists of an affiliate earning a percentage of money for every item he or she sells. That percentage can be anywhere from 10%-75% of the item’s worth!
One thing I hope you did before you got started was to do some competitive research in your niche. This is something I always do when a prospective client comes to me about outsourcing their affiliate program. I like to be sure an affiliate program makes sense for a company. One indicator is whether your competitors have an affiliate program. This is certainly not a perfect measure, but if they don’t have an affiliate program, this might lead you to question why. If your competitors do have affiliate programs, be sure that yours is competitive or better than theirs.
If you’re new to the internet marketing business, you should start off with the regular affiliate program commission structure. You need to get started going yourself first before working with a team. It may take awhile before you earn your first affiliate program commission, but if you take the time to learn and to plan, you’ll be earning commissions in no time at all.
This doesn’t help you, but hopefully some future folks looking into affiliate programs will dig a little before deciding they need an affiliate program. So anyhow, your affiliate program isn’t working out after three months. I’d generally set an expectation of 3-6 months for an affiliate program to gain momentum, but that’s based on the affiliate program being proactively managed.
I’ve seen too many companies assume their affiliate program can run on auto-pilot. That’s not the case, and if you’ve been operating in that fashion, it’s times to allocate more resources to the affiliate program. I would recommend running your affiliate program with three ongoing directives: recruit, activate, and retain affiliates.
It’s essential that you recruit affiliates into your affiliate program, have a process in place to activate them, and then work to retain them. Affiliate marketing isn’t like other marketing channels. Money alone cannot power it - you need to focus on the relationships of your affiliates, too. If you’ve been doing all of this and you simply cannot gain traction, you might want to consider bringing in a consultant to troubleshoot the affiliate program and relaunch it. Now if that doesn’t work, put the poor thing out of it’s misery and move on.
RSS feed for comments on this post · TrackBack URI
Leave a reply
You must be logged in to post a comment.