But it is not a good idea to do this especially if this is your first time
Of course, you should focus on setting goals, especially financial ones, because they will make you determine all the pricing details of the product, marketing rates, and potential profits. Also, do not neglect to include many other important marketing performance indicators , such as click rate, impressions, etc. 2. Choose target products You can choose all of your products and integrate them into the affiliate marketing process.It is better to rely on the most popular products, as they will provide the highest Phone Number Data value to the three parties of the process: the marketer, the buyer, and the company. If you offer a product worth $50 with a 10% commission rate, it will be more attractive to marketers than a product worth $5 with the same percentage. Try to attract new buyers in any way, whether by placing a certain discount on the first purchase, free shipping, or any other method. 3. Establish program details and policies The first detail that you should pay attention to is the marketers’ commission. This commission varies according to the field and product, but it is usually in the range of 5% - 30%, and may sometimes reach 40% and 50%.
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Here comes the most important question, which is how to know the appropriate commission for your business, and the answer is simply to study competitors. By knowing their ratios, you will easily be able to determine your own ratio and provide additional value that will bring marketers to you, but of course this ratio must be fair to you and bring you a good profit. There are also many fields that do not require a sale in order to receive commissions. Rather, the commission may be based on clicks or the number of impressions, but it is usually at a lower commission rate of 10% or 20%. After that comes the point of policies and terms. We mentioned before that you have to set some rules for marketers so that they do not offend your company in any way.
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