How To Use Affiliates To Build Your Email List
By Jean Bim
In my last article, I discussed how investing in search
engine
optimization was a sure way to increase your subscriber list.
Today, I will discuss another tactic that you set-up once and
then allow the system to run on almost auto-pilot.
Have you ever noticed that most business owners who
manage
an affiliate program tend to have huge subscriber lists?
And the more active their affiliates are, the faster their
list grows.
It's not just good luck. It is part of a plan. There are
two
main ways to use an affiliate force to grow a list for you.
The first is straight-forward: you have an affiliate network
to sell your products/services and you encourage the affiliates
to get visitors to sign-up to your opt in list. You tell your
affiliates the repeat-contact through your list will increase
the chance of a sale for the affiliate.
The second tactic is to have affiliates send you
visitors who
subscribe to your opt in list. You pay the affiliate an agreed
upon amount for each subscriber.
If you choose to, you can use both methods to build your
list.
The first strategy works most effectively for business owners
who sell multiple products and services and use email marketing
to generate sales. The second tactic works well if you do not
yet have your own products or services to sell.
At first glance you may think both tactics look to be
relatively easy ways to grow a list but be forewarned,
without proper preparation they can be quite tricky.
Why?
Well, in the case of the first method where you get your
affiliates to send you subscriber after subscriber so you
can convert them into buyers, you'd better convert. If your
affiliates see no commissions, they will simply stop sending
you visitors. You need to have an effective email follow up
campaign that works before you set-up this strategy.
With the pay-per-lead tactic, you have to know your
exact
subscriber value. Paying-per-lead can become very expensive
if you're not prepared so make sure you have the numbers
worked out first.
I will stress this again. Do not attempt to run a
pay-per-
lead affiliate program to grow your email list if you have
no idea what the worth of your subscriber is.
How do you determine that? Personally, I like to have
six months to a year's worth of data to help me make the
financial calculation.
So, if you are just starting up your email list, the
pay-
per-lead option is a risky gamble that I would suggest you
undertake with serious caution.
If you have a list, however, you may want to consider
the
pay-per-lead option as it can be very lucrative. Here's
how you can make a decision to see if this tactic will
work for you. First you'll have to have tracked and kept
records of your emailing campaigns.
Next look over the numbers and determine the worth of a
subscriber. Over a one year period, look at how much
money you made from your emailings then divide this by
the number of subscribers.
You want to see in your records, consistent results on
a mailing to mailing basis. You should feel comfortable
predicting how much money you typically make each time
you send an email out.
So let's assume that you make about $1 off a subscriber
a
month. And most subscribers stick with you for an average
of 6 months. So in total you will earn $6 per subscriber
over a 6 month period.
Would you be willing to pay up to $0.50 to get a quality
subscriber? If you can afford it at the moment (because you
will not get the 6 bucks in one shot but over a 6 month
period) then by all means, do not waste time and get that
affiliate program up.
Of course, along the way there will be people who will
try
to cheat but if you get a good affiliate program service,
you will be fine. And be sure to track the source of your
leads.
Not all leads will be the same. You will quickly notice
that
some affiliates send you subscribers that never read your
emails, never do anything and basically are an expense. You
will also find situations where a given affiliate can send you
a small number of subscribers but they will be very active
(read: profitable).
It does not take rocket science to figure out that you
need
to take care of good subscribers sources and politely dump
the rest. After all, its your advertising money.
Jean Bim is not an Internet marketing guru. Just a
regular
online business operator that tries, tests then reports his
results with you.
Getting Higher Conversions From Your Order Forms
by Karon Thackston © 2004
http://www.marketingwords.com
I
t’s happening! Your home page copy is exceptional… your
visitors are responding by going deeper and deeper into your site.
Droves of these visitors are making their way to your order form every
day. But then… they dump out of your shopping cart leaving you high and
dry. What happened?
There are several elements that can contribute to an
order form that consistently converts. Let me show you a few insights
so you can get higher conversions from your order forms.
Shipping Costs
BEFORE visitors get to your order form, give them an
opportunity to view shipping costs (if applicable). This is one primary
factor that stops buyers dead in their tracks. They may want very much
to order from your site, but - once they see how much shipping will
cost - they stop their purchases and decide to find the product
locally. Giving shipping information before visitors get to your order
form can help them be prepared for the additional expense.
Guarantees
While your order form should be clean and easy to use,
offering links that will open pop-up windows with valuable information
can help close sales.
For instance, information about guarantees helps ward
off “cognitive dissonance” or “buyer’s regret.” Having a link to a
pop-up window that displays your guarantee will help support the
buyer’s decision that he/she has nothing to fear.
After-Sale Support
This same principle applies to support issues. People
are more comfortable buying when they know they’ll be able to reach
someone if they have a problem with the product/service. Offer contact
information on your order form (or in a pop-up window) that clearly
states your company name, contact name, email, phone number, and
physical address. That way customers know they’ll be able to reach
someone if they need to.
Coupon Codes/Discounts
Many times, when sites include a field for
“coupon/discount code” on their order forms, it works against them.
Some studies show that customers actually leave after seeing a field
for a discount code. Their thinking is that they could have gotten the
item for a better price and they go off in search of just that.
An alternative? Ask visitors for a coupon code at the
very beginning of their shopping experience. That way, when they reach
the checkout module, all discounts will be displayed for customers
using coupons. For those who are not using coupons, no hard feelings
will occur.
Selling and Upselling
Once the buyer makes the decision to buy… leave him/her
alone! If you go too far by continuing to sell on your order form, you
stand the risk of instilling suspicion in your buyers’ minds.
However, upselling is an entirely different story. Your
customers are on your order form. They are obviously in the mood to buy
or they wouldn’t be there. While they have their credit cards handy,
offer them some special deals if they purchase more products or
services at the same time.
Amazon.com is a pro at this. So are sites like
LandsEnd.com and OmahaSteaks.com. Each of these sites will offer you
the chance to receive great discounts on additional purchases once you
reach their order forms.
For instance, if you buy a pair of sweatpants from
LandsEnd.com, the order form will likely offer you a 20% discount on a
sweatshirt, jacket, or some other related item if you buy it at that
moment. This approach works wonderfully, too!
As you can see, the information you include (or choose
not to include) can make a big difference in the conversion ratio of
your order form. Make one change at a time and then measure your
results. I’m sure you’ll find the success of your order form improves
when you give customers what they want.
Since I review business opportunities and internet gurus
all day for a living, you can guess I know which ones work and which
ones don't. Click here to see
how I make my money.
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