An affiliate marketing plan should be the very first thing that a new affiliate marketer should create to determine the best promotion strategy for a given product. If you approach affiliate marketing as a real reseller business then you should have the proper mindset to be successful. An effective affiliate associate should create at minimum a marketing plan that incorporates proper product selection, marketing personality and product pre-selling. This article will not cover pay-per-click and traffic generation strategy rather it will focus on these top three crucial success factors that should be considered in creating a successful affiliate marketing plan.
Crucial Success Factor #1 (Affiliate Marketing Plan Product Selection)
The main point here is not to choose products subjectively. Build a process that allows you to consistently choose products that sell easily and consistently. One good idea is to use well established affiliate networks like clickbank. You want to look at quality products that have a sufficiently enough gravity to signal they have demand but not too much that would suggest affiliates have over saturated the market.
With that in mind look for newer products that have a medium gravity. Or look for under promoted products that have a well written sales page that includes most if not all of the following:
1) Enticing headline(s).
3) Customer focused benefits.
4) PAIN point in sales letter solved by the product.
Of course it's best when you have actually been exposed to the product so that you can speak from your perspective about it and endorse it from an actual user perspective.
Crucial Success Factor #2 (Affiliate Marketing Plan Marketing Personality)
In psychology there is a concept known as social proof. It simply means that a lot of the time we choose to do what other people are doing. This is the main reason for the effectiveness of testimonials. But it also means that people want to feel like they are buying something from someone like themselves. Someone they can trust to make good recommendations. Someone that has taken the time to build a relationship with them and show them that they are transparent enough to share there story, picture and name.
If you don't feel comfortable enough to put your picture and name to this specific marketing activity then maybe you should choose one more appropriate?
Crucial Success Factor #3 (Affiliate Marketing Plan Product Preselling)
If you don't add any valuable information to your marketing plans and just provide a direct link or banner ad to the product you will find that your conversion rates will be a lot lower then they should be.
Your customers will be much more likely buy, when they have been “presold". Usually this means you have implicitly suggested a PAIN point that the product solves. This means because you have introduced valuable useful information then your customer will come to the conclusion themselves that not only do you understand what THEIR issue is but then they will usually give you the benefit of the doubt that your suggestion will work FOR them. This information could be presented as a blog, an informational website, a product review, an article or a series of carefully scripted autoresponder email communications.
This article has briefly touched on the top three crucial success factors that at a high level distinguish the top 5% of affiliate marketers from the rest of those in the markets. It really comes down to two things that actually determine success in most endeavors. Having the proper knowledge and then being able to act on that knowledge when it is received. This article and the subsequent resource links can help in the knowledge part but YOU have to be willing to act in creating a successful affiliate marketing plan.
Bruce Hoover makes his living as an internet marketer and writes about a video based Affiliate Marketing Plan product. For a limited time get YOUR free report on affiliate marketing at the Affiliate Marketing Plan website.