Don’t depend on affiliate marketing. While affiliate marketing can help boost your sales, it’s often not enough for you to be passive with other marketing strategies to grow your store. You also need to take the steps to improve your store’s optimization to ensure that your affiliates can easily convert the traffic they send you. On average, affiliate sales bring about 10% of your company’s revenue.
The crazy thing is with how much spam there is on the internet, you’d think people were making money from it. Not the case, really. Most of the spammers you see out there paid for some crappy training program that told them to spam, and so they do, and they never make money with it. Some of these training programs even teach others how to use automated software (usually a pricey upsell) to automate the entire spamming process so you can spam hundreds of sites per day without actually typing anything. Ugh. Stop spamming!
After going through Module 5 you’ll know the secret to finding & sharing content your subscribers can’t get enough of! They’ll print it out. They’ll put it on their fridge & send it to their friends! And best of all - you won’t have to create any of it! You’ll learn the advantages of shared content over created content and even how to use contests & give-aways to make sure your subscribers stay in your funnel forever!
Create guidelines for your affiliate to follow. This helps ensure that the quality of traffic your affiliate sends is high. It also helps prevent your website from being penalized for black hat marketing tactics. Provide suggestions of the types of methods customers can use for sending traffic such as referring friends or creating ads, videos or blog content.
No matter how good your marketing skills are, you’ll make less money on a bad product than you will on a valuable one. Take the time to study the demand for a product before promoting it. Make sure to research the seller with care before teaming up. Your time is worth a lot, and you want to be sure you’re spending it on a product that is profitable and a seller you can believe in.
Also known as a publisher, the affiliate can be either an individual or a company that markets the seller’s product in an appealing way to potential consumers. In other words, the affiliate promotes the product to persuade consumers that it is valuable or beneficial to them and convince them to purchase the product. If the consumer does end up buying the product, the affiliate receives a portion of the revenue made.
The easiest thing to do is to sign up for an affiliate marketing network like Commission Junction. They provide a marketplace where your affiliate program will be advertised to other affiliate marketers. They also provide the tracking software for your affiliates so you don’t have to build your own tracking system. In some ways this is better because it takes care of the trust issues. Affiliates are always suspicious of whether or not they’re getting credited for the sales they generate. By having an intermediary take care of transaction tracking and payments, the fear of being cheated is alleviated.
Interpersonal relationships have been crucial to the success of Murphy’s program. She frequently consults with top affiliates directly to keep communication open. She’ll also adjust her product mix and merchandising to increase conversion rates to drive mutual profitability and long-term value. CrazyForBargains takes these key steps to stay active in the affiliate community:
You find the hot offer that peope are already buying and that’s kind of the first step. And then let’s say they have a video sales letter. They got some way they’re selling it, I want to watch that video and try to figure out what’s the one most interesting curiosity based thing in this sales process. So I’m watching it trying to figure out. So I watch the whole video. Maybe in the video they talk about, the example I showed was the diabetic, way to end diabetic pain. So I watched the video and in there they’re talking about this shake they make that diabetics can drink in the morning and make it so their hands don’t tingle.
I don’t know about you but, I cried at school but it wasn’t because I had a life changing moment, it was because I wanted to kill myself because all the crap they taught was useless. So that’s my…where this whole thing happened. So I’m trying to think with these guys. There’s two slides and I showed my first slide. I was like, “I have kind of a unique angle.” At an affiliate summit, just so you know, there’s the vendors who have products or there’s the networks, the affiliate networks, where they’re selling a bunch of products. And then there’s the other side, which are the actual affiliates. So I knew there were two audiences.
But facts are facts. Email marketing is one of the most valuable assets for affiliate marketers because it converts like crazy! Of course, that’s only if you do it right. How do you do it right? Once again… by providing REAL value to others. Don’t make every email a sales pitch. Actually provide value to your email subscribers and treat them like gold, because many of your subscribers are worth much more than gold! If someone is receiving high quality and high value information from you through your email newsletter, for example, they will be much more willing to accept a product or service pitch every now and then. In fact, they are MUCH more likely to convert!
It’s also important to research their payout structure. Not all payouts are the same and tier affiliate marketing often offer different payouts. Some might pay you on the first offer but pay you nothing on any upsells. Ideally, you should be paid for every transaction. In doing your research, you’ll find out which affiliate payout structures are the most profitable.