How much should you pay your affiliates?

When determining how much to pay your affiliates, it's crucial to consider several factors. Firstly, what's the value of each affiliate to your business? How much revenue or profit do they generate on average? Secondly, what's the industry standard for affiliate commissions in your niche? Thirdly, what's your profit margin, and can you afford to pay a competitive commission rate without compromising your own financial health? Finally, how can you incentivize your affiliates to perform even better, perhaps through tiered commission structures or bonuses? It's a delicate balance, but ultimately, the goal is to find a commission rate that rewards your affiliates for their efforts while still ensuring the sustainability of your business. So, how much do you think you should pay your affiliates, and how will you go about determining that amount?