Using several strategies for product promotion is a very good idea because it gives you the opportunity to know which of them works better. You can do split testing and measure each campaign’s performance before taking the appropriate action. Changing a couple things would raise your profit. Banner ads should be placed on different areas on the pages of your site because there are some strategic points that will catch your reader’s attention.
I could have promoted WP Engine (hosting company) for $200/sale with no tier program to climb – sounds pretty good right? But when I checked ShareASale I saw their reversal rates were 24%! Just to give you an idea SiteGround’s reversals are less than 10%. WP Engine starts at $29/month while SiteGround’s is $3.95/month, plus SiteGround has a better reputation. I had to climb a tier program to get SiteGround’s $150/sale, but long-term my research paid off.
Choose an affiliate program. First, you must decide which affiliate program to join. Affiliate programs often have a theme, such as gardening or weight loss, and you should find a theme that interests you. Look for a network with a lot of product codes that are relevant to your topic. Consider networks like Commission Junction, LinkShare, ShareaSale, Clickbank, and Amazon. Remember, it isn't really about the network – it's about whether the network is relevant to the content of your website.
I come from an unsuccessful background of web design/SEO. I blogged because I knew it was good for SEO, but my articles didn’t monetize. I took a leap of faith and dropped my clients to figure out blogging/affiliate marketing. I was good at website speed optimization and knew hosting was the #1 factor. After some research, I saw SiteGround was #1 in most Facebook polls and had a great reputation with generous affiliate commissions. So I wrote tutorials on website speed… how to configure WordPress cache plugins, hosting reviews, and other speed-related topics. Usually near the end of a post I would say “Oh, here’s why you should switch to SiteGround” with evidence on why they’re the best… polls, tweets, load time improvements, etc. That’s when things got good. Now I have 0 clients and the freedom to do live my life. I wrote this tutorial because I’m actually excited to help people do the same – without the BS.
You should also make sure you aren't competing with your own affiliates for eyeballs. Any marketing channels you're using, such as search engines, content sites or e-mail lists, should be off limits to your affiliates. Put marketing restrictions into your affiliate agreement and notify partners immediately. It's your program--you set the rules. Or, if you prefer, you can let your affiliates run the majority of your internet marketing.
Holly told me she started writing content in 2011. At the time, she still worked a full-time job but created content online part-time to supplement her income. Over time, she was able to double and triple her rates until she could quit her full-time job to write. These days, she makes bank as a freelance writer and teaches others to do the same via her online course, Earn More Writing.
If you try to sell a product that is in low demand then chances are that you are not going to get many sales no matter how hard you try. So it is a good idea to spend a bit of time researching and finding out if a product that you are thinking of promoting is a product that your audience needs. If your site gets decent traffic then you can conduct an online survey and easily get input from your visitors.
Once you've signed up, you'll be able to create unique links that allow the company to track them back to you so you get credit for the referrals you provide. It's important to read the fine print to know the limitations of how and where you're allowed to include the links because it varies from program to program. You can then start dropping these links into places where readers are likely to click on them and buy whatever is being advertised. These places include blog posts, newsletters, and Twitter and Facebook posts. (See also: How to Earn Extra Income With Twitter)
I will give you a very simple example. Let’s say you build up an audience of 50,000 readers and out of that 50k you have about 1% that trust you (1% of people that trust you online is actually very huge), so that equates to 500 readers. Out of that 500 readers you will have about 10% that will buy your eBook and other affiliate products, so 50 people total. So, if you are selling your eBook for $10, you will make $500. Of course it doesn’t stop there, those people that buy the eBook and like it will most likely recommend it, and you will have a snowball effect where more people keep buying your book and other affiliate products. This is just a rough example that shows you some realistic numbers. Do not ever think that if you build up a huge number of readers that they will all trust you and buy the products that you promote; if it was that easy everyone would be a millionaire by now.
Affiliate marketing is a tricky subject, I’ll admit it. I know a lot of people who are sceptical towards it even though it’s just another way to make money online. I have been an affiliate with a lot of companies but when I found BitDegree… let’s just say I didn’t need to affiliate for other companies because of the profit that I started making. I think it says it all.
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.
Affiliate marketing allows you to make money online, even if you don’t have a blog, website, or any products of your own. Following a few simple steps can get you up and running within hours and earning your first commissions right away. Affiliate marketing really is one of the fastest and easiest ways to make money online and should be a part of every online business owner's portfolio.
The seller, whether a solo entrepreneur or large enterprise, is a vendor, merchant, product creator, or retailer with a product to market. The product can be a physical object, like household goods, or a service, like makeup tutorials. Also known as the brand, the seller does not need to be actively involved in the marketing, but they may also be the advertiser and profit from the revenue sharing associated with affiliate marketing.
Cost Per Acquisition is one of the ways in which we will all hear more campaigns being defined in the future. While it is just another word for whatever we have been talking about so far, this short series on CPA Affiliate Marketing will introduce you to the concepts of CPA and initiate you into learning more about this type of measurement. More details are available here.
My first affiliate sale was somewhat of a family affair and it only took a few days at most. It was in December 2008. One of my sisters wrote a book on foreclosure cleaning. If you remember, foreclosures were big in the news from 2007 to about 2011/2012. The collapse of the financial — and hence, housing — industry flooded the market with foreclosures.
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.
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 ;-)
Amazon's commission rate is pennies from each dollar of merchandise that you sell. What many people don't know is that there are affiliate opportunities out there that pay commission rates that are much more favorable, from $20-$100 (and even more). Browse affiliate networks like Commission Junction, Share-a-Sale, Rakuten and Ejunkie for opportunities and their general commission rate.