Of course it’s not actually as easy as it sounds to set up a profitable list. One of the biggest hurdles that seems to topple many affiliates is implementing your list into your site with opt-in forms and squeeze pages that really convert. All too often you can see affiliates who might have fantastic content and pre-sells for their list, only to wind up with virtually no subscribers because of ugly, clumsy, or misplaced opt-in forms.
If you are reading this post as an online marketer who may want to become an affiliate, feel free to drop me an email and I’ll be happy to guide you. You will find this video of help, but for an advice tailored to your needs, shoot me an e-mail, and I will be happy to find good matches for your website, PPC campaign, or any other online marketing initiative.
Video tutorials are similar to how-to guides, however, they add more value to the learning process as they have a more interactive approach. Additionally, videos guides are popular and can help your blog reach a larger audience. Text is an obvious format, however, people generally prefer consuming content in video form rather than reading an entire article. Can you afford to not take part and miss out on this audience? If you’re a natural in front of the camera, then consider informational videos to talk about your chosen products.
Gated content is where people have to hand over some information such as their email address to view your content. Ungated content is available for anyone to access freely. The choice is up to you which one fits your goals. Some affiliates depend on gated resources for lead generation so this can be a useful tool in your arsenal. Most content marketers agree that ungated content works out best in the long. Having something that’s open and shareable and building up a readership might be more gratuitous than getting a few email addresses for example.
Because 2Checkout exclusively sells software and digital products, it is best suited for established influencers whose target audience is interested in buying products in this niche. But while you won’t find any physical products for sale, 2Checkout is probably the market leader in selling software of every type, including very specific use case items (like software that can convert Microsoft Word documents to PDF, for instance).
The ability to organically include affiliate links is a great path to many benefits. Given how important reviews are for consumers, this can be a very effective method. For affiliate marketing purposes, the author of the review will write about a product and then drop a link to where it can be purchased, or feature a product on their social media/blogging platform.
The tools and process I will go over below remind me of blogging or creating a WordPress website in general. It’s fairly easy to get up and running, but hard to be successful at. No matter how quick and painless the start, there is a long road of hard work ahead for anyone who wants to make a living or even a decent buck. Let alone the other benefits mentioned above.
Most commonly offered by “Services”. With recurring commissions you are paid on the initial signup of the customer and continue to receive commissions as long as the customer continues to pay for the service. Example – if you refer a visitor to a hosting service that offers recurring commissions and they sign up, you will be paid a predefined commission for the initial signup and receive a predefined commission for every month the customer continues to stay with and pay their bill with that hosting program.
Every affiliate program offers different commission rates (along with rules that you should know). For example, some programs give out 20% commission, but only on the exact product you posted on your site. In other affiliate programs, you’d receive commissions from any product sale the referred person bought from the store, as long as he/she completed a full checkout within a specific period of time. For example as an Amazon Associate, you are given a 24 hour cookie window.
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.
Previously known as Affiliate Window but now officially referred to as “AWIN” after acquiring Zanox a few years ago, this network claims to work with over 13,000 active advertisers and 100,000 publishers (affiliates). Founded in Germany, AWIN’s merchants primarily hail from Europe (especially Great Britain) although the U.S. network is growing rapidly. AWIN is currently active in 11 countries.
Once you know “What is affiliate marketing?” you can begin to consider whether it’s a good tactic for your business. You need to work with professionals once you can define affiliate marketing. They know the most common mistakes and can provide helpful affiliate marketing tips. You don’t want to waste your money advertising on another’s web site, make sure you’re getting on a profit return on your dollars. Affiliate marketing is another tool for your business to compete in today’s tech-hungry world. But like other tools, if not properly used you can even damage the traffic heading to your site. A poorly designed, poorly placed advertisement can make viewers think twice about your competitor. You want to send your competitor an ad that makes them a little scared. Many businesses have exploded due to affiliate marketing in your company could be next.
Domain name – A domain name is the name of your website. It is the address internet users type in to access your site, instead of entering the numerical IP address. If you don’t have a hosting provider yet, you can get a free domain name with any of the shared hosting packages on BlueHost. If you already have hosting, you can purchase a domain a la cart for as low as $9 per year.
A sound product strategy is a must for new affiliate marketers. Ideally, you should choose a niche that you can make money online with and has a lot of product vendors. This will give you a wide selection of products to offer your online community. However, limit yourself to two or three products at a time, so that you become the expert others turn to and trust when reaching for their wallet.
MY FAVORITE PRO: The exclusive Facebook group for students of Making Sense of Affiliate Marketing. Okay, you know like EVERY online course includes an “exclusive Facebook group” as a “bonus” for buying the course, right? And then, often, you get into this Facebook group and see that the admin has posted a couple of times, but no one engaged with the posts, and no one really participates in the group at all. It’s useless, just a vanity bonus.Well, I’m happy to say the Making Sense of Affiliate Marketing Facebook group is NOT like that! It is my FAVORITE Facebook group, and here’s why:
Although Instagram is one of the younger social media networks, it’s popularity skyrocketed, quickly. Instagram is a primarily visual experience and their typically younger users tent to interact with pictures and videos more than words. Ads through this channel need to have a strong vidual component for Instagram advertising to pay off which can be tricky for some onine marketes. Given that 80% of Instagram users follow brands, and 75% of those that view branded posts take some kind of action, Instagram is worth cracking.
Hmmm – there’s this Price Compare plugin but it’s over 2 years old so I wouldn’t recommend it. I know there are many free product comparison add-ons for WooCommerce and EDD, so you could use one of those and simply add each product multiple times (once for each affiliate that offers it). But perhaps another reader has a better plugin or idea to recommend?
Some commentators originally suggested that affiliate links work best in the context of the information contained within the website itself. For instance, if a website contains information pertaining to publishing a website, an affiliate link leading to a merchant's internet service provider (ISP) within that website's content would be appropriate. If a website contains information pertaining to sports, an affiliate link leading to a sporting goods website may work well within the context of the articles and information about sports. The goal, in this case, is to publish quality information on the website and provide context-oriented links to related merchant's websites.
Popular social media websites from Facebook to Twitter, Instagram and LinkedIn are the best platforms to promote products as an affiliate. You can learn more about effectively using social media, here, here, and here. Browse for groups that relate to your products interest group. These types of interest groups serve as an extremely effective way to increase a product’s reach in terms of organic audience.
When beginning your affiliate marketing career, you’ll want to cultivate an audience that has very specific interests. This allows you to tailor your affiliate campaigns to that niche, increasing the likelihood that you’ll convert. By establishing yourself as an expert in one area instead of promoting a large array of products, you’ll be able to market to the people most likely to buy the product.
Article marketing, in which you submit well-written articles to other websites, blogs, and article directories, can be an effective marketing technique. Most of these websites will not let you put an affiliate link within the article. You can put a link back to your website, thereby generating more visitors to your site. This will also bring your site to the top of search results for targeted keywords.
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.
Best Forex Partners (BFP) was established in 2011 by a group of international financiers and global online marketing professionals who saw a need to change the nature of affiliate marketing for the better. In a few short years they combined their over 60 years of combined financial and marketing experience to create a new way to affiliate market and have never looked back!
A page or notice on your website or blog that makes your site visitors aware if you are being paid or compensated (via affiliate marketing or any other methods) for any purchasing recommendations or product or service endorsements you make on your site. A disclosure is required if you're doing affiliate marketing to be in accordance with FTC laws. You'll find more on that here.
On the other hand: the main reason of bankruptcy for small businesses is bad financial management. Simply said: to forget to make invoices, not checking the payments and not following bad payers. 1 out of 3 is going bankrupt for this reason alone. I had to learn it myself. I spend at least 10% of my time with financial stuff. I don’t love it but the bills get payed ;-)
Hosting – I suggest joining the WordPress Hosting and WordPress Speed Up Facebook Group and see what real (unbiased) people are saying about hosting. SiteGround was #1 in multiple Facebook polls and #1 in most Facebook conversations (this one too). People who migrate usually see significant load time improvements especially if they’re currently using Godaddy/EIG. I use their semi-dedicated GoGeek plan which comes with 4x more server resources than regular shared hosting (#1 factor in WordPress Optimization Guide) and have <1s load times with 100% scores in GTmetrix/Pingdom. SiteGround also does free migrations.
Affiliate marketing has grown quickly since its inception. The e-commerce website, viewed as a marketing toy in the early days of the Internet, became an integrated part of the overall business plan and in some cases grew to a bigger business than the existing offline business. According to one report, the total sales amount generated through affiliate networks in 2006 was £2.16 billion in the United Kingdom alone. The estimates were £1.35 billion in sales in 2005. MarketingSherpa's research team estimated that, in 2006, affiliates worldwide earned US$6.5 billion in bounty and commissions from a variety of sources in retail, personal finance, gaming and gambling, travel, telecom, education, publishing, and forms of lead generation other than contextual advertising programs.
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.
4) The Site’s Niche – Check out Commission Junction and Clickbank… and you’ll see that there is virtually an endless list of products you can promote. However, the “Best-Selling” or “Top Products” from affiliate networks shouldn’t be the only deciding factor when picking your site’s niche. Choosing a niche for your affiliate site should involve more research and analysis than that. After all, the success of your site relies mostly on your topic’s level of demand and how well you take advantage of your readers’ needs.
I can also promise you this… Once you see those residual payments coming in, all that effort will be totally worth it. When I wake up in the morning, the first thing I do is check my phone to see how much money I made while I slept. When I go on vacation, I will still get paid, even though I’m doing no work. It’s incredible and YOU can have this lifestyle too. You just need some guidance.
This online marketing strategy is suitable for lots of different business situations. If you want to launch a new product or service with a bang and generate buzz from the start, having an army of affiliates can help. Affiliate marketing can also increase your website traffic and generate more leads, so you drive more sales of an existing offering to new audiences. To really drive an effective at this channel, working with a firm who specializes in affiliate management is a sure-fire way to bypass any learning curve, leverage existing relationships and turn up the heat on results.
“After working with many other SEO firms and not being satisfied I finally was introduced to the Brick Marketing President and Founder, Nick Stamoulis. Nick Stamoulis has educated me about SEO and has provided me with a well rounded SEO package, not only does he offer top quality services he also educates his clients and spends the time to explain everything and their SEO pricing is competitive. I will highly recommend Brick Marketing to all of my clients. Brick Marketing is an A+ for SEO services.”
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.
One last word of advice on products; don’t recommend something you don’t believe in just to get a click. Find something that you are happy to promote and that your target audience will benefit from. That’s not to say that you should be using each product you recommend. You should just trust that the product is worth your visitors hard earned cash. It won’t serve you well to willingly recommend anything that may affect your reputation among your site visitors. If a product doesn’t rate well, it’s advantageous all round to offer alternatives.