You may be familiar with the affiliate marketing program that allows you to promote products offered by third parties and earn a commission when someone purchases those products through your affiliate link.
Though it’s a great way to earn extra money, it can be difficult to determine how effective and efficient an affiliate program is for any given product or service. Some products can be quite profitable, while others can bring in a significantly lower commission. The truth is that it depends on a lot of factors, so let’s examine some of the variables that determine how much you’ll earn as an affiliate for AWeber.
The Product You’re Promoting
The first and most important factor that affects your earnings as an affiliate for AWeber is the product you’re promoting. There are several key things you need to keep in mind when selecting this product. First, make sure that it is something that people are actually searching for. This can be determined by tracking keywords and performing A/B testing. When you have more than one version of a product (that is, when you’re examining more than one market segment) you can use AWeber’s split testing functionality to compare the results of each campaign. This way you’ll know exactly which approach is bringing in the most sales.
The second factor that determines your earnings as an affiliate for AWeber is how much the product costs. Though it’s great to earn money passively through affiliate marketing, you must understand that there’s a minimum amount of sales you need to make to earn a certain income. This is known as the performance line, and it varies from product to product. However, there are some general guidelines you can follow.
The first guideline is to look for products that sell for low-to-mid range prices. These are the products you’ll typically find affiliate opportunities for. Remember, you’ll need to make at least 10 sales per month to hit the performance line.
The second guideline is to avoid promoting products that cost more than $500. Though there’s nothing wrong with earning a nice income off a product that costs a lot, you must understand that there are other products that can do the same job and are considerably less expensive.
Another important factor that influences how much you’ll earn as an affiliate for AWeber is the niche you’ll be promoting. A niche is a “small market or segment” within the larger population of people who use the product you’re promoting. For example, “gym wear for women” is a niche within the general category of “fitness”.
When you become aware of a niche, you can begin to identify the specific demographic of people most likely to buy the product you’re promoting.
When you choose a niche, you should also consider researching popular competitors. This way, you’ll know exactly what strategies they are using and can develop your own effective marketing plan. For example, if your niche is “gym wear for women” and your competitors are “sports activewear” or “bikini wear”, then you need to determine how you can position yourself as a more affordable alternative.
Choosing the right niche is quite important because it will determine how much you’ll make as an affiliate. In some niches, you can make a lot of money fast. In others, it can be quite difficult to get started and build up a following.
How Much Traffic Does The Product Get?
The amount of traffic a product gets is also an important factor that determines how much you’ll make as an affiliate. When you choose a product, you’ll want to make sure that there’s a sufficient amount of search interest. Though it would be great to promote a product that gets a lot of search traffic, you must understand that there’s a minimum amount of searches required to ensure you meet the necessary criteria for success.
For example, if you’re promoting a weight loss device and there’s barely any search interest in it, you might not earn very much from that product. However, if you’re promoting a weight loss device in an area with a lot of search interest, then you’ll be able to make a lot of money.
The last thing you want to do is promote a product without enough search interest to ensure you hit your target audience. When you choose a product without sufficient search interest, it can be difficult to determine how effective your marketing efforts will be. This is why you must perform keyword research before you begin any affiliate marketing campaign.
Though it’s important to find a product with high search interest, it’s just as important to understand who your competitors are and what they’re doing. The fact is that sometimes what appears to be a winning product is, in reality, a sinking ship. These products always seem to have the potential to make a lot of money because they’re usually inexpensive and easy to promote. However, if you understand their weaknesses, you can design your campaign to exploit those weaknesses and crush their sales.
When you’re performing keyword research, make sure you’re examining all of the major search engines. Though Google is king when it comes to search, there are others that you should examine too. For example, if you’re not seeing any results for a keyphrase in Google, but you know that Bing and Yandex are, then you should try those keywords as well.
How Social Is The Product?
Though the product you’re promoting is the most important factor, the type of social media platforms your product is on also matters when it comes to how much you’ll make as an affiliate. The fact is that people are much more likely to purchase a product that is already popular on social media. Therefore, if you want to become a successful affiliate marketer, then you need to begin building your following on social media.
When you begin to build your social media following, you’ll want to choose niche topics that are already popular on your chosen platforms. This will make it much easier to find your audience and grow your following quickly. Though it’s ideal to find a product that is popular on multiple platforms, your main focus should be on Pinterest. It is the second largest search engine after Google, and it’s the best platform for content creation and sharing. If you can build a following on Pinterest, you can certainly build one on Twitter, Instagram, and Facebook. Though it’s important to have content that is valuable to your audience, make sure you have fun with your posts as well. The more your audience is engaged, the more they’ll be inclined to buy your product. Having a combination of both fun and valuable content will put you ahead of the competition.
How Does The Product/Service Stack Up?
Though it’s important to look at all the key factors that determine how much you’ll make as an affiliate for AWeber, it’s also important to examine how each product or service compares against the competition. You need to look at how many reviews you have, how many stars the customer gives it, and how recent these reviews are. Though it’s not always the case, it is best to look for products or services that are backed by reliable reviews and have high approval ratings. This will give you confidence that your marketing efforts are directed at a ready audience.
When you’re comparing products, it’s important to keep in mind that some products are better than others when it comes to earning potential. Though there are a lot of factors that go into this, the bottom line is that some products are just simply more profitable than others. This doesn’t mean that you’ll never earn any money from a poor performer. You just need to understand that there’s a limit to how much you can make. Remember, you need to hit the necessary criteria to make it to the “performance line”. This amount varies from product to product, but there are some guidelines you can follow.
The Return On Investment
The last and probably most important factor that determines how much you’ll earn as an affiliate for AWeber is the return on investment (ROI). Simply put, the higher the ROI, the more you’ll earn. Though it would be great to find a product that has a high ROI, you must understand that there’s a reason why most products don’t have this characteristic. When you do find a product with a high ROI, it’s often because the product or service is either extremely expensive or extremely cheap. In either case, hitting the performance line is usually quite easy because there’s a lot of money to be made when you promote these types of products.