For sites looking to monetize their existing traffic through affiliate marketing, a major determinant of success is picking the right offers to run. The difference in earnings from a bad offer and a good one can be enormous. Unfortunately, finding the “right” offer isn’t exactly easy; if you’re using an affiliate marketing network such as Commission Junction (now part of Conversant), SharesASale, or LinkShare, you will have literally thousands of affiliate offers available to you.
What do you think you could honestly sell customers in the hopes that it would improve their day-to-day? For example, maybe you renovate homes and are always looking for the highest-quality paints or most eco-friendly cleaning solutions for bathrooms and kitchens. If you’re already knowledgeable about a market and have interest in it, that’s a great place to start.
On the other hand, many affiliate marketers choose a small niche topic and become the “authority” website for that specific niche. For example, you might not want to start a website about “cars” because that’s too broad. But starting a website and becoming the “authority” for the 1992 Saturn SL probably won’t attract enough interest, even though there is virtually no competition. But what about starting a website and becoming the authority for the “muscle car” niche like MuscleVehicles.com did?
Affiliate marketing also is a very broad term; under this umbrella there are several different strategies that can be employed to generate affiliate revenue. The most appropriate and lucrative method (or methods) can depend on a number of factors, including your site’s niche and characteristics of your audience. Below is an overview of some of the most popular affiliate marketing implementations, along with examples of each. Click here to read more about the proven affiliate marketing strategies.
Soludos uses the FriendBuy app listed in the tools section for their affiliate program. Customers who refer their friends or audience, get paid $15 for every sale they land. To entice the new leads to sign up through their friend’s link they get a 15% discount. Loyal customers who regularly promote your brand can be rewarded for their constant promotion. You can also lure in influencers by offering payment for every paying customer they bring instead of paying their flat rates. You’ll want to set a high order value when setting your page up to ensure that your business remains profitable with each sale.
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