The first and most important thought or impulse with respect to affiliate marketing must be to have a viable product or service. There are thousands of possibilities in life and your own experiences to choose from. Keep in mind though that your best success will come from knowing what people need and want. Make it a point to understand what people feel passionate about. Place no limit on the research that will allow you to know how an un-fulfilled need will impact their lives now and far into the future. Then you can link this knowledge with unbridled passion. Success comes when you find a way to share this knowledge and passion with people. This is timeless act of finding a need and fulfilling it.
The next step in affiliate marketing is to narrow your findings down to a niche market. This will be a group whose needs you thoroughly understand. These findings are what you build your business around. The wonder of the world we live in is that we don’t need to continually re-invent the wheel. There are countless products and services on the market that are waiting to be repackaged and sold. One excellent way of knowing what people initially need–is to study what they search for on the internet. This study will enable you to plan the structure of your website to attract a high volume of visitors from the major search engines, and induce them to them to buy your product or service, and/or become affiliates.
Overture has an excellent tool for keying in words and finding out what the traffic was for the previous month. Included will be information on any similar words and their number of inquiries as well. This really opens up the understanding of what people are passionate about and searching for. You can then pull up any major search engine–key in a word or phrase and you’ll be able to note the number of websites associated with your inquiry. Pay special attention to the first twenty websites, and how they are structured for keyword content. The keyword content is the secret of what is going to drive inquiring minds to your website.
The basic business plan for affiliate marketing never varies in content. New age marketing will center on these four fundamental ideas. Product–knowing the needs of your niche market and fulfilling them. Place–finding the right informational and technological tools to find and distribute your product to your intended niche market. Promotion–having the knowledge and savvy to place that information in the minds and hands of your target group. Price–knowing what your customers are willing to spend for solving their needs.
Add to this Power–the right visuals and communications; and Passion–the energy generated in believing in and delivering a product, and you have a winning mix for success.
The affiliate marketing business plan you create should not only find your customer, but should also have so have the right combination of tools to retain your customer for repeat sales. Search for software business programs that will allow you to generate newsletters to interested customers informing them of promotional offers or affiliate opportunities. Though automatically generated, it gives your outreach a solid approach, and your prospects will appreciate the follow-up and attention.
Keep in mind it’s going to be a dual role in finding a successful business plan. One half of your concern will be in finding customers that will purchase your product or service–and hopefully repeatedly. The other challenge will be to turn these prospects into affiliate members that have the same drive and passion about the product or service. Presenting the product as a stand-alone entity best does this. This can be accomplished by looking at the product and its benefits in meeting your niche market’s needs solely by itself. If there were no affiliate opportunity, would the product or service itself generate income while providing a high level of satisfaction to the customer?
This area of concern is often overlooked, and is why many programs fail to recruit and maintain affiliates. Any good business plan in the new marketing age will also focus on creating a dynamic and effective web site. There are endless packages to choose from, and many businesses that can develop and host your content for the right price. Once again though, it comes right back to thoroughly knowing your product and what it’s meant to accomplish. Web developers cannot create the dream–they can only interpret it.
There are good affiliate marketing plans already in place. These programs usually come with all of the knowledge and support structures ready to use. Then it becomes an act of plug and play. The same rules of knowing your product and customer’s needs will also apply. You may be at the stage of growing the business by looking for affiliate members to join up. Finally, you may be a pioneer with an entirely new product, or a twist on one that’s been around for some time and you’re looking to build a down-line of customers and affiliates. Whatever the case and stage of development–know, understand, and utilize the time honored rules of success.
