After being accepted into an affiliate program, marketers receive a unique URL that includes their affiliate ID. They share that unique URL with their subscribers, site visitors, and social networks via text links or ads. When someone clicks on that link, affiliate software records that click and any resulting product sales in the affiliate’s account. When commissions reach a pre-determined threshold, the affiliate is paid.
The best way to think about affiliate marketing is quality over quantity. There are a lot of small websites that will promote your product, but the key is finding a small number of partners that will deliver conversions. For example, an equity management services firm has over 20,000 affiliates in its system, but only about 25 affiliates generate 85 percent of revenue.
Plus, consumers are more likely to rely on a trusted source for brand information than they are an advertisement. In the current state of influencers and rampant review sites, we’re looking to real people’s opinions more than we are static advertisements or TV commercials. With your affiliates comes the trust of networks they’ve previously established.
In module 8 we get down to brass tacks. You’ve assembled all your great content. You have a list of promotions you want to send out. Now it’s time to put it all together. In this module you’ll learn the secrets to putting together a great sales funnel. We’ll talk about the right tools for the job & go over the benefits of each. Bonus Content - Affiliate Funnel Blueprint
It’s like building, it’s like an ATM machine. I want to create some money. I put a dollar in advertising in, I get two dollars back out. Sometimes it doesn’t always happen immediately, at point of sale. It might happen over 3 days, or 7 days or 10 days, but find out what’s your breakeven point. Now I know, hey I’m going to put a dollar in on Monday, by Friday I’ll have my dollar back and then everything I make Saturday, Sunday, Monday and the rest of my life, pure profit. That’s affiliate funnels. That’s what I showed those guys. Pretty cool right?
VigLink works a bit differently than other affiliate programs in that it is specifically designed for bloggers. Instead of affiliates picking and choosing which merchants to work with, VigLink uses dynamic links that automatically change to work with merchants that VigLink has determined are offering the highest conversation rates and/or commissions at any given moment.
At the other end of the spectrum is the small merchant who is only willing or able to work with a handful of affiliates. In this case, the merchant and affiliate may come to an agreement and utilize a “low tech” solution to determine commissions earned (e.g., a custom referral path and an earnings statement powered by Google Analytics). This type of affiliate relationship will typically develop when there is a logical affiliate relationship between two parties, but the merchant isn’t interested in opening up the affiliate program to a wide range of partners via an affiliate network.
ShareASale is another tool you can use to find affiliates – it’s the one I use for my store. You’ll need to pay a one time fee of $650 to have access to the network, which can be steep for new store owners. You’ll also need to pay a 20% transactional fee and at least $25 each month. However, all your affiliates are prescreened. And you only pay the 20% fee if the traffic they send converts. It’s a great way to find high performance affiliates.
LinkConnector imposes a very rigorous and lengthy screening process, so you’ll need to prove that you have a high-quality website and established audience before being accepted. Despite its somewhat schizophrenic approach, LinkConnector does have some very happy long-term affiliates. And their “naked links” allow for direct connection to the merchant website without having to be rerouted via LinkConnector, which will give your website an SEO boost.
This is one that I’ve struggled with and still struggle with to this day. To maximize your success, you need to form a personal relationship through your website, ebook, video blog, social media accounts, or any other way you spread information. People can get boring information from Wikipedia. You should promote yourself as an EXPERT in whatever niche you decide to get into. That’s why it is important to pick a topic you already know and love. After all, everyone knows something about something that others would like to learn. What is YOUR unique skill or knowledge?
It’s also a really bad idea to rely solely on search engine traffic for your business. Google and other search engines like Bing and Yahoo change their search algorithms frequently. Many small online business owners have seen their affiliate business destroyed due to fluctuating search rankings. With so many possible traffic sources, never rely on just one.
Yes it can... But it works best when you 'pre-sell' a specific item with your content (an email or a blog post) and then link directly to that product's sales page on their site. Don't expect people to 'look around and shop' there... Give specific recommendations for the products that solve peoples' problems and link them directly to those products!