A mortgage affiliate program operates the same as most any other affiliate program with other merchants. The mortgage broker or mortgage lender offers to pay you an agreed dollar amount for either a click through from a link on your web site, a fixed dollar amount for a lead you've generated through your link, or a percentage of the amount financed through a lender by a new customer that visited their site as a result of your link.
While a mortgage affiliate program can be a beneficial way to earn added dollars, it's still much the same as other affiliate programs out there. The similarity is due to the fact that a mortgage affiliate program is not a way to earn money fast, despite promises made by the mortgage affiliate program to simply place their banner on your web site and watch the money start rolling into your bank account.
If you're serious about becoming involved in a mortgage affiliate program, there are literally hundreds out there from which to choose. Make your decision carefully, though, and consider the following items as you look at different mortgage affiliate programs.
1. Choose a mortgage affiliate program that offers excellent affiliate support and communication.A good way to test the waters as to how good the mortgage broker or lender's communication and support is with their affiliates is to simply email an inquiry. If they don't respond within a day, send one more email. If you haven't heard from the mortgage broker or lender you've chosen within two to three days, chances are it's best to search elsewhere for a mortgage affiliate program. A mortgage affiliate program that doesn't even bother to respond to a serious inquiry probably will not offer the support needed once you've put their program into action on your site.
2. Don't pay money to enter into a mortgage affiliate program.If a mortgage affiliate program asks for money in order for you to post their link on your web site, it could possibly be a Multi Level Marketing, or MLM, program, which are normally not successful in mortgage affiliate programs. Additionally, chances are good that such an offer could, plain and simply put, be a scam just out to take your money. A true mortgage affiliate program will be available to you at no charge.
3. Consider a mortgage affiliate program only with a broker or lender that is honest.When you make your initial email contact with the company offering a mortgage affiliate program, don't be afraid to ask for references of others currently involved in their mortgage affiliate program. If they won't offer references to you, be wary. If they do offer a name or two for you to contact, ask the affiliates how successful the program has been for them, what level of support they receive from the broker or lender, and ask them to describe their experience working as an affiliate. If all of these questions are answered with a positive response, chances are you're making a good decision with signing onto the mortgage affiliate program.
4. Choose a mortgage affiliate program that offers a variety of ways of reaching potential customers.Some mortgage affiliate programs require a banner link on your web site. While this is the option of choice for many affiliates, consider a company that also offers text links for your site, or allows you to purchase mailing lists in order to promote the mortgage affiliate program through email. Even if these options are not immediately of interest to you, if the program takes off in your favor, it could be another way to generate additional funds. Text links can be an excellent choice, especially if you already have a couple of affiliate programs posted that you're working with, or are considering working with others in the near or distant future. With too many affiliate banners, your site can start to appear littered, distracting from the content of your web site, loading slower, and frustrating visitors that might otherwise click on your affiliate links. Flexibility with the mortgage affiliate program on how you connect with individuals interested in the mortgage program can give you some great options on how to develop and increase your affiliate earnings.
There are numerous mortgage affiliate programs available. A simple search through your favorite search engine will verify this to be true. While we endorse none of these mortgage affiliate programs, a few that are readily available and are continuously looking for affiliates to sign on are as follows. Watch for two-tiered programs, where you're paid for individuals that go to the company's web site through your link and fill out a form, and then are also paid a commission if that customer also finances or refinances because of your link.
Premier Mortgage Funding, Inc., pmtgf.com
Rebecca Game is the founder of Digital Women ®, Digital-Women.com, an online community for women in business. She is a 30 year entrepreneur and dedicated to helping other women find business loans and business grants. Visit her site: Business Grants and Loans for Women