Too much too soon. Stick to one website to begin with. Don’t get distracted by shiny new niches. This will only dilute your efforts. It’s absolutely not a waste of time to spend hours on end researching the very best niche for you to enter into. The commission, cookies, product and even the advertiser’s website all have to be excellent. The last thing you want to do is invest money in creating your own site only to send visitors to an advertiser’s site that barely converts a single sale. Would you buy from the advertiser’s site? Question everything before you spend a single penny on building your new site.
The service Wealthy Affiliate, who I actually used to promote, offers a training program to teach people how to make money online. One of the things they entice people to do is, of course, promote Wealthy Affiliate! But how, exactly, do they teach people to do this? By creating reviews of their competitors, saying why those other services suck, and then of course offer Wealthy Affiliate as the perfect solution.
Today’s affiliate landscape has evolved from primarily traditional coupon, loyalty, and blog affiliates to now encompass social media influencers, business development partners, and even paid media partners. You need streamlined workflows that make it easy to recruit, onboard and manage each partner on the same platform. You need instant access to performance metrics and actionable insights—and the tools to identify and block fraudulent partners. And you need custom tracking solutions to meet your unique needs.
Affiliate marketing is also called "performance marketing", in reference to how sales employees are typically being compensated. Such employees are typically paid a commission for each sale they close, and sometimes are paid performance incentives for exceeding objectives. Affiliates are not employed by the advertiser whose products or services they promote, but the compensation models applied to affiliate marketing are very similar to the ones used for people in the advertisers' internal sales department.
Since you’re essentially a freelancer, you get ultimate independence in setting your own goals, redirecting your path when you feel so inclined, choosing the products that interest you, and even determining your own hours. This convenience means you can diversify your portfolio if you like or focus solely on simple and straightforward campaigns. You’ll also be free from company restrictions and regulations as well as ill-performing teams.
It’s important to know where your traffic is coming from and the demographics of your audience. This will allow you to customize your messaging so that you can provide the best affiliate product recommendations. You shouldn’t just focus on the vertical you’re in, but on the traffic sources and audience that’s visiting your site. Traffic sources may include organic, paid, social media, referral, display, email, or direct traffic. You can view traffic source data in Google Analytics to view things such as time on page, bounce rate, geo location, age, gender, time of day, devices (mobile vs. desktop), and more so that you can focus your effort on the highest converting traffic. This analytics data is crucial to making informed decisions, increasing your conversion rates, and making more affiliate sales.
Previously Buy.com, this is yet another huge affiliate network for e-commerce and which mostly focuses on physical products. While this network is relatively smaller compared to some of its rivals in the business with close to 1,000 partners, they are among the oldest affiliate programs and are fully dedicated to premium technology. This network offers hundreds of creative and as such, optimizing sales becomes easier through the use of technology like flexible linking options and rotating ads. This network deals with more than 90,000 products from close to 38,000 shop owners and has a staggering 18 million customers.
You don’t want to put in all the effort but then have a funnel that just does not convert. So I’d like to help you out with 7 examples of affiliate marketing for optimizing your funnels for higher conversions. It’s likely that you are using some of these techniques – but hopefully you will find some valuable information below that you have not heard of before and can help you really move the needle.