There are many other actions, that you get paid for, even if the product is not sold. With the CPA model, the merchant is taking the advertising risk since their commission is dependant on achieving a good conversion rate from the affiliates creative content and website. As the website owner, it’s your job to make the website and the offer look attractive enough for the visitor to submit their information. Once they do, the merchant will pay you the agreed upon amount of money for the lead.
You can afford it. If you’re hesitant to purchase the course because money is tight right now (I KNOW how that feels), I strongly discourage you from making the purchase. Michelle offers a payment plan, but personally I am against those because in my mind, if you can’t afford the full price, you can’t afford the course. Please just use the free resources Michelle generously offers on her blog or check out my blogging tips. When your budget is ready for it, THEN you can purchase the course.
ClickBank allows you to join for free, and the approval process is virtually automatic, so it’s a great choice for people entering the affiliated game for the first time. ClickBank has a ton of information, including FAQs, walk-throughs, and videos available, so the barrier to entry is quite low. There’s also a (paid) program called ClickBank University with courses and assistance from experienced marketers.
Let’s start by looking at the competition. Where are their gaps? If you can beat it, this is a good place to start. By now you should have an understanding of your target audience. This is the time to think about what makes them tick. Use anything you have to build a picture. Look into keywords and search queries to see what people are looking for, and any existing analytics you have. If you’ve written a well performing blog article, is there room to expand on that topic?
FriendFinder is an adult-friendly network of dating websites that has a terrific affiliate marketing program, both in terms of customer service and commission rates. Because they rely heavily on affiliates to recruit new members, they treat their affiliates like true business partners. They have a solid reputation for payment and security, and have frequent special offers. Checking into your affiliate account at FriendFinder is always a fun experience, and often a profitable one.
Also sometimes spelled as “Click Thru Rate”. A metric used to show the number of times your affiliate link has been clicked on compared to the number of times the link has been viewed displayed as a percentage. To find your CTR, simply take the number of clicks the link has received and divide it by the number of impressions (times the link was shown) and times the result by 100 to get your CTR percentage. Example – if you are displaying a banner ad that has had 100 impressions and received 1 click, then you would take 1 (clicks) and divide it by 100 (impressions) to get .01 (result) and multiply that by 100 to arrive at a CTR of 1%.
In the past, large affiliates were the mainstay, as catch-all coupon and media sites gave traffic to hundreds or thousands of advertisers. This is not so much the case anymore. With consumers using long-tail keywords and searching for very specific products and services, influencers can leverage their hyper-focused niche for affiliate marketing success. Influencers may not send advertisers huge amounts of traffic, but the audience they do send is credible, targeted, and has higher conversion rates.
So, each year he spent as a corporate drone was getting harder and harder for him. Maybe it was the routine; maybe it was the fatigue caused by the constant pressure of overworking and chasing deadlines. The bottom line was that it was time to do something about it. Finally, he took a gap year that has now lasted two years already and is unlikely to end anytime soon.
The truth is much more complicated. It’s true that affiliate programs can be sources of phantom revenue and off-brand promotion. But managed properly, they can also make up 5-15 percent of online revenue and have an ROI among the highest of any online channel. CMOs are realizing that affiliate marketing can be an important part of their arsenal and are integrating the channel into their overall marketing strategies.
Basically, within the whole customer conversion funnel, from awareness stage to purchase, there should be a strong match between your product and your audience. In the funnel, customers start with the awareness stage. And when the product has great conversion rates, it means that customers move quicker through the funnel down to the sale stage, where brands and affiliates make money.
Because of the affiliate website’s commission, the profit margin on products sold is lower, but total volume of sales tends to be higher. Products that particularly benefit from high exposure, such as books and music, are good candidates for an affiliate marketing strategy (See also Product Marketing). Entertainment, and particularly gaming, has also experienced growth through such marketing. Other business sectors that are growing through affiliate marketing include finance, travel, and mobile-phone sales.
Great article as it gets me thinking about the various ways to monetize my sites. With that said, my biggest hurdle has been how to get started building traffic. You see articles all over the net talking about massive traffic techniques, but I’ve never really found a guide for a fresh blog/website and how to get to their first 100, 500, or 1,000 daily uniques. Of course writing consistent quality content is key, but writing alone an audience does not make. Any tips or articles to point us to? Thanks again Sean!