The Pros and Cons of Offering Bonuses to Affiliates
If you run an affiliate program, the effort put forth by your affiliates impacts on your profits. They more they market a website, the more views your links will get. This should lead to increased sales. Although an affiliate has some control over the money they make, not everyone puts forth that extra effort. For that reason, you may consider offering bonuses to your affiliates. It seems like a good idea, but is it? Familiarize yourself with the pros and cons of affiliate bonuses and then make the decision for yourself.
The Pros of Offering Affiliate Bonuses
Your options. Affiliate bonuses come in a number of different formats. You can decide how you want to offer this reward. For example, you can do a onetime commission increase for top performers. Increase their commission from 2% to 3%. You can opt for a short-term commission increase. For example, increase all of your affiliates’ commission levels from 2% to 4% in the month of December. There are also year-end bonuses. You can opt for bonuses for all affiliates or just those who made a certain amount of money.
They serve as a good source of motivation. As previously stated, not everyone is motivated when it comes to affiliate programs. Yes, it seems silly. An affiliate is in control over how much they make, but some rarely do any work. In fact, you may have affiliates on your program list that don’t even have your links displayed. These individuals will be motivated when they hear about a bonus. For that reason, announce all bonuses ahead of time. Give your affiliates a goal to work towards. If they meet that goal, they are rewarded. If not, it is their loss.
They impact your profits. Your one concern about offering affiliate bonuses is the extra money it costs. Yes, you will spend more, but consider the end result. Your affiliates are going to put forth extra effort to promote their website and your links, especially if they know there is the chance to get a great year-end bonus! Where to want to be cautious is with under performers or those that do not even have your links displayed. Don’t offer bonuses to these individuals, as you automatically lose money.
The Cons of Offering Affiliate Bonuses
They can be difficult for you to implement. As previously stated, if you want to do a year-end bonus, make sure your top earning affiliates get the most. After all, they did the most work. This means going down through the list of your partners and calculating bonuses. This can take time. It may be better to opt for an increase in everyone’s commission for a month or two. This involves changing a few settings in your affiliate tracking software and nothing more.
Your affiliates may come to expect these bonuses. Yes, bonuses do serve as a source of motivation, but your affiliates may come to expect them. If you cannot afford to give a bonus next year or raise commissions, you may have a disgruntled bunch. If you offer year-end bonuses, tell your affiliates it is a one-time thing. If you can afford and choose to give a bonus the following year, good. If not, there isn’t a big loss or uproar.
Some of your affiliates may get angry if they did not get a bonus. You should have a terms and condition contract that your affiliates agreed to. If not, make one. In that agreement, should be information concerning compensation. If not, update. Your affiliates should not disclose their commission rates or bonuses. Healthy competition is good, but discussing bonuses when not everyone got one often leads to trouble.
Wahm Business Resource 1
Blogging has been around for a few years now. Most people use blogs to record their thoughts and lives, while the select few use them as a free way to make a fortune.
One guy who uses this to his advantage is Rob Benwell. In 2006 he dished the dirt on the tips and tricks to making a fortune using blogging. But as time passes the old systems become obsolete and new techniques are required. This is where his brand new, fresh off the press Blogging to the Bank 3.0 system comes into play.
For those who know who Rob Benwell is like me, you've probably made a killing using blogs.
For those who don't, here's the story:
Back in 2005 he was struggling to make any profit online, had dropped out of college and was getting deep into debt. He was trying all the techniques the gurus tell you and wasn't getting anywhere fast. All of that went in the bin and he started using his own techniques and started making more and more money using simple blogs. In early 2006 he shared this with the world and had a great ebook called blogging to the bank. Tons of people got rich from using these techniques (including me). He then spoke at Online Marketing Legend Yanik Silver's underground Seminar where he revealed even more of his underground strategies. Then July 2007 he released Blogging to the Bank 2.0 which showed users his new methods to creating online wealth using blogs. In total both versions have been read by over 50,000 people across the world.
But as I said earlier, the techniques used in these ebooks are now showing there age. Some of them are not even working in the slightest! This is where blogging to the bank 3.0 comes into play.
It's full of great new techniques that work online right now! Everything's explained in plain English with all the fluff cut out. I got hold of an advanced copy of the book for a much higher price than what it actually sells for and it has been worth every single cent! I got it in the afternoon and by the evening I was creating new profitable blogs. Within a couple of hours of them being active I had made a nice little profit.
Blogging To The Bank 3.0 teaches you Robs new step by step blueprint to creating highly profitable long term niche blogs using the newest optimization techniques. There's even a section on advanced Search Engine Optimization. Most people think SEO is difficult but Rob explains this nice and simply so even the blogging newbie will understand it.
Blogging To The Bank 3.0 is a breath of fresh air and I highly recommend it to anyone wanting to make easy money online.
Click here for more information about this system.
Wahm Business Resource 2
Build a work at home business where you can take control of, yourself! Follow a step-by-step plan and use tools and services with a proven record of success. Plus gain access to a positive, success-driven, and very supportive community.
The kind of business that you can create when looking to create an online business would be a website which serves a particular niche in the market. Many people have done on this and this is often done by trying to find an underserved niche, building a website, and then profiting off of this small but profitable match.
When you're building a website, you're going to want to find keywords that you can use to help build your business as well as create good content. By creating the content and then creating back links between yourself and other websites, you'll be able to increase website traffic.
By developing your natural search engine traffic through building up a website, you will have built yourself a very solid business. This is just one way of creating online business. This is where Site Build It! comes in. SBI! sites succeed. And it is proven and tested. It is a company that proves success. Most other companies have 99% of their small business sites fail. You cannot afford to lose a year of your life and hundreds or even thousands of dollars. That is what failure costs.
Read more about Site Build It! or take a video tour. It's all about the "it" in Site Build It!.
Or take SBI! home for a No Risk Test Drive. You have a future to gain, a past (i.e., knowledge) to convert into income, and absolutely nothing to lose. You can even email Ken Evoy for your questions. How good is that?
Site Build It! - Being able to work from home is one of the key benefits of building an online business with Site Build It!. Just about everyone can connect with this "dream". Working from home is beneficial for your family. Everyone has it somewhere on their "wish list." According to an online poll, over 72% of adults in the USA are seriously thinking about starting a home-based business. It's probably just as high in other parts of the world, too.
Read more about Site Build It! or take a video tour. It's all about the "it" in Site Build It!.
Or take SBI! home for a No Risk Test Drive. You have a future to gain, a past (i.e., knowledge) to convert into income, and absolutely nothing to lose. You can even email Ken Evoy, founder of SBI, for your questions. How good is that?
Testimonial
My mom became interested in SBI! about a year after I started my first site. Since then she's been working on her own sites which are now bringing in a nice monthly income for her. Many people ask me about how I earn a living. They're all curious... lots of questions and a sparkle in their eye as they think about how they could do it too... and they could! In truth though, most of them don't. So seeing my mom go ahead and create her own success is incredible!" ~ Michelle Schill
Wahm Business Resource 3
So you are tired of working 9 to 5 in an office or a factory? You have decided that you are going to work from home. Now you want some resource about how you can find legitimate work at home jobs and not just spin your wheels. Okay, here we go...
First of all, let me give you a clue. We are now in the age of technology. Today, we have the internet superhighway where we can go to do everything from playing games to chatting with our friends to advertising products we have to sell or services we have to offer. Using the internet, you really can find legitimate work at home jobs.
If you aren't already internet savvy, now is the time to learn. Call a younger friend who knows all the ins and outs of getting around the internet. Tell your friend your plan to find a genuine work from home job.
There is actually an online tutorial course that can give you a guide and is a great wahm business resource if you are really serious at starting and online business. It is very affordable. It is called the Profit Lance System. It has interactive tools that can take you step-by-step through the process of being successful in any online business.
For some people this could take a while. But if you are serious and focused, I highly recommend this course. Click here for the full review.
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