This is the most frequently asked question in the Affiliate industry, and a step which can make or break your affiliate campaign. No matter what traffic source you choose, without choosing the right offer it’s very difficult to succeed. One of the reason many newbies end up losing all their money is because they fail to choose the right offer.
A few examples of picking up wrong offer are.
- Picking up offer with too much competition.
- Picking up offer with bad conversion rate/ Offers with too much bad reputation.
- Offers with small audience
- Offers with hard conversion requirements
So lets have a look at all these examples one by one ..
CPA Offers with too much competition.
Booking.com is a perfect example of such types of offers. When it was new or off the CPA Networks its conversion rates were touching the skies. However as soon as everyone realized its converting well and has a huge potential, All the affiliates along with their cats jumped in and started promoting this offer. Those who started this offer early made good money and those who joined the party after realizing people are making good money on this offer couldn’t make good profits. Because by the time they were able to realized the earning potential the offer had there was already plenty of competition. The new guys couldn’t make campaigns successful, now don’t get me wrong this offer still works however if you think it would be easy to launch this offer on main stream networks targeting top tier countries it might not be a good idea, you will have to work on new angles and explore new international market in order to survive. So the lesson here is not to follow crowd instead create your own path.
TIP : If you really want to promote this one I would suggest you to go international.
Picking up offer with bad conversion rate/ Offers with bad reputation.
Here I am talking about beat up offers/Niches, which are already dead offers/websites with bad reputation. Penny auctions comes into mind. The better reputation an offer has the better conversion rate you would get and the easier it would be for you to promote. One of the best strategy I personally use is to contact the services I personal like/use and contact them asking if they have any affiliate program and most of the times they do have affiliate program or even if they don’t have I would contact one of their competitors and join them. If they have an affiliate program this is one of the best ways to get offers which are not available to affiliates (as the majority of affiliates rely on CPA networks to get them offers). You can also ask your CPA Networks to get offers from your favorite website/service.
Offers with small audience
This is a common problem, some time a niche or an offer doesn’t have a very broad audience and you get very limited amount of traffic. The ideal offer for you would be where you have large audience specially when it comes to PPV traffic. For example, if you are promoting campaigns related to injury claims in UK you wont find many targets with good traffic volumes.
Offers with hard conversion requirements
Now this is another major factor sometimes affiliates ignore. Whenever you are about to start promoting an offer, make sure you test it yourself first. If your network is using “Cake Platform” they have offer test option by default, however if your network doesn’t have this option there is no harm in using VPN (If offer is for a different country) and registering for the offer yourself and see at what point your offer converts. For example, in dating you would find many offers where you get conversion only when a user becomes a paid member and in the network offer description the offer is listed as email submit/complete signup. You can let your affiliate manager know the conversion id so they can remove the test conversion from your stats once you are done testing the offer. By testing the offer, yourself you will also get a better idea about how the offer works and would be able to guide your audience about it as well which will help you increase your conversion rate. Coming back to the topic, I always recommend to start with simple offers which require less action from the end user and are easy to convert. Most of times when starting out people run for the high paying offers however its just like a fresh graduate running after a managerial position in a company.
So these were the examples explaining how people mess-up when they are choosing offers. Now let’s talk about how not to mess things up form the very start and how to the pickup right offers.
- Ask your affiliate manager
- Look for the offers with popular names/reputation
- Keep an eye out for fresh the offers/niches
- Ask your affiliate network if they have offers which are not made public yet.
Ask your affiliate manager
Your affiliate manager could be one of the best advisors if you know exactly what to ask for. In most cases people have no idea what kind of questions they should be asking their affiliate managers or are too scared to get in touch with them. Instead of asking your affiliate manager the generic questions be very specific. For example, if you are good at a specific traffic source ask them to give you the best converting offers working well with that specific traffic source and get as much information from them as possible for example ask them about what kind of landers work well. What kind of targets to choose etc..
Also your relation with your affiliate manager is very important and to improve that make sure you send them greeting cards on special occasions or a few kind words of appreciations will make their day and they would be more then happy to help you out as much as possible.
Look for offers with popular names/reputation
As I mentioned before a bad reputation can really hurt your conversions in the same way promoting well known brands can really increase your conversions and make things much easier for you. For example, it would be much easier to sell “Beach Body” due to its powerful commercials and “More Niche” with their real celebrity testimonials as compared to a random offer nobody has heard about before. As I stated above you can also work directly with your favorite services or ask your network to get their offer.
Keep an eye out for fresh offers/niches
This one is my favorite, Be the first ones to try out an offer or even a traffic sources. Whenever you discover something new make sure you try them at least for once. I learned this when I was promoting CPA Offers using 7 Search and I used to pick up all new offers from maxbounty and try them out when others used to complain about how 7search is the worst network and their IPhone email submits are not working. Related to the point where I discussed how high competition can crush your chances of success. Let’s say there are two roads one is crowded and the other one is empty, which one will take you home earlier? The one where every driver is heading and causing a traffic jam or the one where you have no traffic? Of curse you would go for the second one that is the case here. For sure you might lose money as **THE OFFER IS NOT PROVEN WINNER YET** Because its new but still you have no competition and it is better to loose money by trying something new instead of loosing your money where everyone else is loosing. And there has to be someone who will make it a proven winner, that better be you then some else.
Ask your affiliate network if they have offers which are not made public yet
In many cases affiliate networks test offers internally by running traffic to them before releasing them to the public, or they just let a few selected affiliates run that offer before the offer is made public to other affiliates. Try to be one of the first batch of the affiliates to try new types of offers instead of deciding to try them once offers are saturated and there is no more juice left in the offer.
So guys these were my thoughts about how to choose offers, you are free to agree or disagree with me. However, I would love to read what you have to say about this, whether you agree or disagree. So let me know what you think by commenting below. Your feedback will encourage me to keep writing more …
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