We probably should, though, cover what happens after you sign up. Normally you get what I call a honeymoon period where lots of affiliates try you all at once, you see sales rise, but pretty soon they start to drop off. You may be impressed by the volume dozens of affiliates are doing, but they individually may not.
A successful affiliate program requires regular interaction with your current affiliates and recruitment of new ones.
Just thought I'd throw that in in case you had not looked at all the aspects. Now, you can run it yourself if you have the time to devote to it, or you can hire a full time manager or you can hire an outsourced manager. That's about the three basic ways it is done.
Hope you find it all works out for you and runs well.
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