Showing posts with label market research. Show all posts
Showing posts with label market research. Show all posts

Sunday, April 12, 2009

4 Tips On How To Find Affiliate Programs That Convert Like Crazy In Your Niche


The major reason while most affiliate marketer fail to make a dime in information marketing is due to the fact that they never took their time to look for affiliate program that has a high converting factor before signing up as an affiliate all in the name of making money quickly.
In other for you as an affiliate to make a lot of sales from what you are promoting,you have to chose a program that has a high convertion rate.The level of the convertion rate of a particular product will tell hpw the product is doing in your market.
For example,if 3 out of every 300 visitors to a sales page buy a product,you have 3% convertion rate.Convertion rate shows how many visitors out of those that you refer actually make a purchase of the product you offer.

1 CONVERTION FACTOR REVEAL BY MERCHANT.
Basically most merchant reveal the convertion rate to affiliate on the affiliate sign up page.A good example is at www.clickbank.com.Every product listed at clickbank marketplace is marked by a "gravity number" whick can be located at the far right corner under the product title.The number displayed indicate how far the product is converting for the affilaite.The higher the gravity the better the product is converting.Also to the left of the gravity number is the total percentage of sales of the product make by affiliates.The higher the percentage the better the product.

2 LOOK FOR A GOOD ATTENTION GRABBING SALES PAGE
The sales page are meant to sale.The sales page on the merchant site should do a little bit of hyping of the benefits your buyer are going to gain if they buy the product.The copy writing should be solid,it should have attention grabbing headlines that make you want to read more,it should be able to put the buyer into a buying mood and also should be able to convert like crazy.

3 MAKE SURE THE MERCHANT IS NOT COMPETING WITH YOU.
Always find time to see if the merchant of the product you are promoting is not competing with you in your market.Because any sales made by the merchant is a sales lost to the affiliate.You can do these by typing your market keyword into google.com search engine and look to the right of the result that springs up in the sponsored advertisement section.You will be able to detect if the merchant is competing with you as he will direct customers through a direct link and not an affiliate links.

4 PUT YOURSELF INTO THE SHOE OF YOUR PROSPECT
When chosing an affiliate product to promote,the sales letter most be able to convince you also to buy the product.Your reaction to the sale letter gives you one of the biggest hint as to how well that product converts for you as an affiliate.

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Thursday, April 9, 2009

STEP BY STEP GUIDE ON HOW TO FIND HOW PROFITABLE MARKET TO TARGET IN AFFILIATE MARKETING



Affiliate marketing is one of the easiest and excellent way to make residual income online.However for that to be achieve,affiliate must find a hot profitable market to target i,e finding a niche for yourself. Finding the right market to is critical to your success.It is adviceable to choose a niche that you have a likeness for because it will possition you as an expert thereby making it easier for you to work in a market you enjoy and know something about.
Since the internet is your market place and for you to really earn that six figure income selling information prouct, you have to do market research in your market niche to see if people really want what you have to offer.Once you find the right market to promote, what is left for you is to position yourself as an expert in that market niche in terms of providing a valuable information and product offering.
Therefore to find a hot profitable market in your niche,you have to explore your market ideas to see if there is any prodiuct existing in your market.
Here is a step by step guide on how you can do that

STEP ONE: VISIT SITE THAT SELL INFORMATION PRODUCT
Since your focus is on information,you have to visit site which are focus on information such as ebook.A good example is at www.amazon.com.Go to amazon home page at www.amazon.com and type in your market keyword into amazon search box and see the result that comes out.In the screen shot, you will see pages upon pages of result some of which are more specific than your original search.For you to know if the market has a lot of information,clicks on one of the listed book and you will see that people that buy the book you click on also buys the ones that springs on after you click on it.
STEP TWO: LOOK A SOME COMPETITION
The next thing to do is see if people are paying to advertisement on the niche you have choosen in other word ,to see whether they are offering product for sale.A practical example can be done with the google search engine.Type in your keywords as a your search terms in google .The result you see are lot of free information site in the natural results,look to the right hand side to see if there is sponsored advertisement as well.
If there are lots of sponsored advertisement that shows that people are making money from the niche and that serve as your key to making loads of income from the market.
STEP THREE: DO KEYWORD RESEARCH ON MARKET SPECIFIC TERMS
At these point,you have to generate a bigger list of related search terms discovering how many search per month occur for these terms and also to find out how much advertiser are paying per clicks to run advertisement on these search terms.
The reason for doing these will enable you to estimate market demand market demand by looking at the number of searches,estimate how much traffic you will get as well as get the real picture of how profitable is by weighing advertisement cost against how much profit to get per sale.

In other to do keyword research ,you need to use keyword researh tools some of which are free while some you have to purchase.Examples are:
GOOGLE EXTERNAL KEYWORD TOOL(FREE)
http://adwords.google.com/select/keywordToolExternal
OVERTURE/YAHOO SUGGESTION TOOL(FREE)
http://inventory.overture.com/searchinventory/suggestion/
GOOD KEYWORD
http://goodkeyword.com(paid)
Once you find the right niche to target what remains for you is to possition yourself in that market in terms of information and product offering.

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