While the world goes gaga over Digital Marketing, few seem to be discussing affiliate marketing in depth. A true gem, a lot of digital marketing in the future will be reliant on affiliate marketing. While social media marketing helps create buzz, search engine marketing helps drive traffic, affiliate marketers helps converts traffic into leads and sales. As the focus on ROI and analytics grows, more businesses will demand (they have started demanding already) people to showcase the exact value of digital marketing efforts. If there is one decisive way to measure digital marketing, it’s affiliate marketing. These are best suited for both affiliate marketing beginners and experienced professionals. Of the thousands of methods to make money online, Affiliate Marketing stands out. It has been more than a decade that thousands have turned millionaires simply by mastering this art and its your turn to grow and shine now.
Merchants receiving a large percentage of their revenue from the affiliate channel can become reliant on their affiliate partners. This can lead to affiliate marketers leveraging their important status to receive higher commissions and better deals with their advertisers. Whether it’s CPA, CPL, or CPC commission structures, there are a lot of high paying affiliate programs and affiliate marketers are in the driver’s seat.
The neat thing about affiliate marketing is that it’s beneficial for all the involved parties. Advertisers, publishers, and customers alike get something from this type of relationship. Think about it: if you provide a service or have a product, affiliate marketing is a convenient way to sell more with a smaller outlay than traditional advertising. Publishers have a way to earn money without stocking a product, and customers can find what they’re looking for while supporting sites they find helpful.
As you become comfortable with the affiliate marketing process, you can consider both specialized (e.g. fly fishing) and broad (e.g. weight loss) niches. Don’t forget to track your marketing metrics! They are usually provided by your merchant and/or affiliate network. This way you'll be able to know which products your audience are responding to and which ones aren't generating any profits for your business. This is especially important if you are investing into paid advertising to drive traffic and promote products as an affiliate...
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Another one of the highest paying and most popular dating affiliate programs is eHarmony, which is based on the actual earnings that can be made from each referred sale. Up to $188 can be made from a single sale. In general, the members at eHarmony are typically looking to find serious long term relationships, so many of them are willing to pay extra to find similar people.
Domain is essentially the URL you would type into the browser to reach a certain website. 90% of the time you would want to use a .com but if worse case scenario a .org and .net was suffice too. We don’t recommend using a top level domain other than the three listed. We recommend that you do NOT use any copyright or trademarked terms in your domain name as that will simply end up with a cease and desist letter (happened to me once). That is never fun. Our recommended domain registrar is through Godaddy. A typical domain will run about $10 per year. Don’t sign up for any offers during check out except for the domain privacy option. This option hides domain owner information from the general public. If you do not purchase this option then anyone can look up who owns your domain and pay a visit to your house! It is recommended as well but not required. Typically domain privacy protection runs about $10 extra a year. Do NOT purchase a domain until you read our next segment as domain keywords can make a difference.
Stands for Return on Advertising Spending, also shortened many times to Return on Ad Spend and can also be referred to as ROI. It refers to the amount of money made as a result of a specific advertising campaign. To find the ROAS of a campaign, you take the revenue divide it by the ad spend and multiply the result by 100. The result is presented in percentage form. Example – if you spent $200 to run a campaign and you made a gross profit of $600, you would take $600 (revenue) and divide it by $200 (ad spend) to get 3 and then multiply that by 100 to get 300 – displayed as a 300% ROAS. The amount over 100% using this method of calculation is your profit. In this example, that would mean you received a 200% profit on the campaign.