Setting up campaigns around products that are likely to convert. This means that you need to spend time carefully researching and evaluating products in order to create your “affiliate swipe file”.
When it comes to choosing a niche, there are two methods that will help you get started:
- Choose a niche that is evergreen
- Identify demand and profitability based on existing competition Take down notes of possible products and niche markets that look interesting to you. Then, search for related forums, groups and blogs to determine what people are looking for, how big the market is and what is currently in demand.
Then, investigate keywords to determine how much competition is in the marketplace as well as how many searches take place each month for specific keyword phrases relating to each niche market.
If you plan to promote digital products, the best place to start looking for quality products is through ClickBank, available at Clickbank.com – ClickBank is the largest online marketplace for digital products, and you’ll be able to quickly pinpoint hot sellers by browsing through their many categories.
ClickBank.com offers detailed statistics and information regarding each specific product making it even easier to quickly evaluate the profitability of potential campaigns.
Here is what these mean:
- $/sale: The amount of money you earn for each sale.
- Future $: Average rebill revenue.
- Total $/sale: Average total $ per sale, including all rebills.
The percentage of the product sale price that the sale represents.
- %/refd: Fraction of publisher’s total sales that are referred by affiliates.
- grav: The measure of how many affiliates are promoting the product.
For each affiliate paid in the last 8 weeks Clickbank adds an amount between 0.1 and 1.0 to the total.
The more recent the last referral, the higher the value added. The Gravity indicator will tell you how well a product is selling. So a gravity score of 100 means a product is potentially selling better than one with a gravity score of 20. When it comes to gravity assigned to any specific product, a gravity of 70 or higher is usually a good sign that the product is still in demand, and being actively promoted by other affiliates.
To take things a bit further, you can use free services such as CBTrends.com or CBEngine.com to further evaluate each product, in terms of performance, demand, and the number of affiliate marketer’s that are promoting it (which is always a good indication of how profitable the market is).
There are many other affiliate networks and marketplaces worth exploring, with many offering a combination of both digital and physical products.
Here are a few to help you get started:
I suggest using Amazon to locate products primarily with a higher price point, as their payout rate is set at only 4%. Personally, I use Amazon only for products priced at $200 or higher to make up the difference in the low-end commission offer. Still, the Amazon marketplace is a great way to monetize extra space on your website or blog, and with their extended affiliate options, such as being able to integrate an “astore” into your website, you’re given a lot of flexibility as to how you can develop affiliate campaigns. Tip: You can monetize your feeder sites with Amazon modules and plugins, just by logging into your Amazon Associates account and exploring their ‘extended’ options.
Otherwise known as “CJ.com”, Commission Junction has been around for many years and is known to pay on time and provide unbeatable support. They also feature hundreds of merchants across the board spanning thousands of niche markets. You may require approval prior to being able to participate in select affiliate programs, as Commission Junction provides merchants the opportunity to pre-approve affiliates, but the application is extremely simple and you can expect to receive a response in a matter of a few hours.
ShareASale.com has grown into an extensive affiliate marketplace, and since all merchants are required to retain a cash balance of funds used to pay affiliates, it’s a risk-free way to ensure that you are paid for all of your efforts.
Pay Dot Com
PayDotCom is similar to ClickBank in that it only features digital products. One of the key differences between PayDotCom and Clickbank however is that when promoting products through PayDotCom, it’s up the merchant to pay you, and this is done primarily through Paypal. With ClickBank, you are paid by the company itself based on their payment schedule (every two weeks for paper check or weekly via direct bank transfer).
Link Share is an ever-growing affiliate marketplace and with it comes a great variety of lucrative and high paying affiliate opportunities.