One good thing about affiliate marketing is, which I bet you would agree with is that, you don’t have to worry about the lack of products to promote. This is because new products are launched every day. In short, abundance!
However, not all of them will sell. If you pick a product that doesn’t bring profit, then it would be a waste of time, energy and money – if advertising is involved. Therefore, it is imperative that you choose the best product.
If you are skilled and efficient enough, you’ll play a bigger role than the product vendor in generating sales! They would depend on you to bring in the buyers. Sounds like extra cash to me.
But you might be wondering; how do you define a wrong product? How do you avoid making these mistakes? Or in other words, what is the definition of a good product?
All you need to do is head to JVZoo.com’s ‘Product Library.’ If you still don’t have an account on this site yet, what are you waiting for? Go and sign up now! Once you’ve done all the mandatory items during the sign up process, head to the marketplace.
What you need to do is to find out what has been selling on JVZoo for the past 6 months! You heard me. 6 months of average product sold in JVZoo is enough for you to set eyes on the best item to promote out there. Head to ‘Featured Products.’
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From there, direct yourself to view the top picks for the past month. As you can see, on the right-hand side of the page, you can choose to ‘See More…’ where there is a month’s list starting from the current month to the previous months. Simply click on the month you want to view and it will bring you to the featured products of your selected month.
That is how you start studying the kinds of products your potential vendors are selling out there. The amount of sales they are making, the types of product they are selling and the commissions affiliate can earn.
Don’t stop there. What comes after this is making a list of the 6 months featured products.
Use any spreadsheet that you have and categorize the products. Personally, I would recommend you to start by separating them according to the month of the product launch. Followed by their name, type of product and earnings.
Eventually, it is up to you to measure each product in the simplest way. Because at the end of the day, you need to conclude your studies by highlighting the products that work best. You will notice that some products are selling more than others even if they are in the same category.
Therefore, it is important that you do not just pick random products to promote. Take note of its commission. Which of these are selling like hot cakes and which is the least favored amongst buyers?
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Remember the C.R.A.F.T strategy? As a Super Affiliate, this step is important for your commission development. You need to constantly be up to date with what is currently working for the audience and what they are inclined to purchase. Do not simply settle for what you assume works best.
Criteria Of The Best Product
“So, I’ve done my spreadsheet and analyzed all the 6 months featured products and I found out some have good earnings and some don’t. How am I supposed to know the best one to promote?”, I’m glad you ask!
What I’m about to share is my definition of a best product. These are the criteria that have helped affiliates earn those delicious extra commissions you have been looking for.
Criteria number one! Choose the product with the most rewarding commission. I would advise to not go for anything less than 50 percent commission. They are not worth your time. Just head to JVZoo and choose ‘Find Product’ under the ‘Affiliate’ tab.
Another thing for you to take note of is, digital products sell better than physical products. Don’t get me wrong, physical products do sell, but far less than digital products.
Also, physical products seldom have a 50 percent commission. Your earning will be less for the same amount of work a digital product affiliate would do. And don’t forget to keep an eye on an ‘Upsell’ that comes with the product. This is like an extra offer and it is the second criteria you need to look out for.
For example, when you go to McDonald’s and you order for a medium set meal, the cashier will ask you, ‘Would like to go for large instead? It only cost another dollar.” This method allows McDonald’s to increase their revenue. If the vendor provides an upsell, it is going to be highly profitable because you’ll be able to gain more commission!
The third criteria: a commission that has a recurring element. It means that the vendor will commission you monthly. For example, if it involves a monthly fee of their membership website, you’ll be paid monthly for every imposed fee. Neat!
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Another one is instant payment. Sites like JVZoo provides a system called ‘tentative payment’ where you will get instant payment. But if a customer asks for a refund, they will retract your commission. Instantly.
Lastly, is the demand of the product. With demand, any products will undoubtedly sell better. If the market demand of the product is low, then it would be a waste of time and energy for you. Hence, the 6 months featured product spreadsheet I told you earlier!
That is why it pays to do your homework of the products you want to promote. Get to know the vendor. Look them up in JVZoo and ascertain to yourself that their sales are genuine. Read their ‘Affiliate Details’ and ‘Sales page’. Trust me it is worth every money and time spent!