Affiliate Marketing Tips to Raise Your Commissions
The supreme internet marketing dream is sitting by the beach on a remote island with a margarita while piles of cash are put into your bank account.
This article will save you the frustration, show you the correct path, and help you get more money via affiliate marketing. This is what you must do to succeed.
Pick the right product(s)
For most affiliate marketers, this is the difficult part, but it’s a vital first step. Usually, you can endorse physical products, software, services, or courses. These categories are very broad.
For instance, physical products can be clothes, fitness equipment, or books. You’re only limited by your own imagination. The question is, how can you pick the right product(s)?
To answer this question, you have to find out what your audience’s goals are or what they want to achieve. That way, you can suggest products that can help them achieve their goals. The easiest way to determine what your audience wants is by asking them. You can do this in one or any of the following ways:
- Ask folks who have subscribed to your email list
- Discover their goals by using a survey
- Read some feedback on current posts through comments or emails
- Visit forums
Remember that your ultimate goal isn’t to pick products that offer the most commission, but products that will really help your audience.
Construct and endorse valuable content
If you’ve used Google to do a search for reviews of services or products, you’ve seen reviews that were written solely for the affiliate commission.
Usually, they’re reviews flattering the product and listing, with little commentary, the features of the product you can find on the product’s official page. These reviews may have worked years ago, but they’re useless now.
Offer additional incentives
Sometimes you may make the perfect content and send out the perfect emails. But adding incentives to your affiliate offers can improve your conversion rate.
How to Win Loyal Customers with Affiliate Marketing
Word-of-mouth has long been a strong marketing tool. But with today’s social media, it’s even simpler for shoppers to turn to folks who they know for endorsements. Truthfully, according to Nielsen, over 90% of global consumers have faith in this type of “earned media” above any other form of advertising. This craze has led to an increase in affiliate marketing and influencer. Once we make clear the difference between these two, we’ll provide strategies for how to get faithful customers with affiliate marketing.
Affiliate Marketing vs. Influencer
First, let’s look at influencer and affiliate marketing. Both see brands connecting with individuals online who have reliability with the brand’s target audience. These folks are usually active bloggers, vloggers, and on social media. They have loyal followers who share their interest in a particular niche.
A shoe distributor, for example, might connect with a famous video blogger (vlogger) who concentrates on athletic shoes to enhance credibility and produce brand awareness for a new running shoe product launch.
In an influencer marketing scenario, the brand might offer a sample of the shoes in the chances that a positive video review would improve sales. Or the shoe company might ask the vlogger to make a video for his/her site to help create buzz for the launch and increase brand awareness.
However, taking an affiliate marketing approach, the same business would partner with the same vlogger, but this time would provide a revenue share of any sales they helped make.
While free products and even just the thrill of being the first to know about the brand’s business can be plenty to motivate influencer marketers. Also, some influencers are paid a fee for their partnership.
The affiliate marketer, on the other hand, is paid constantly based on an established compensation structure. Whereas influencer marketing is usually more focused on brand awareness, the affiliate marketer is working to aid the brand grow revenue and get customers.
Best Affiliate Networks for 2019
While affiliate marketers are usually able to join affiliate networks for nothing, merchants usually have to pay a cost to participate in the network. Affiliate networks typically charge an initial setup fee for every merchant and frequently a recurring membership fee. It’s also usual practice for affiliate networks to charge merchants a fraction of the commissions paid to affiliates. This percentage is called an ‘over-ride’ and is payable on top of the affiliates commissions. But don’t be fooled about it. Despite these fees, the advantages to the merchant for joining these networks is well worth the cost. Here’s why…
There are many payout models used by affiliate networks including the two chief models: CPA and CPS.
CPS, also called PPS (Pay Per Sale), is a high-profit, low-risk revenue-sharing model used by marketers to entice a limitless number of new customers to their service or product. Cost-Per-Sale pays a commission to the affiliate marketer who gives a lead that results in a purchase.
CPA marketing programs pay affiliates when a particular action is taken by the lead or referral. Common actions like impressions, clicks, sign-ups, opt-ins, form submits or registrations. Since Cost-Per-Action models don’t really involve a direct sale (and is more risk taking) the payout percentages are way smaller than they are in Cost-Per-Sale.
PeerFly is an international, award-winning online affiliate platform that eliminates the risks, headaches, and costs associated with conventional online advertising by funneling that liability across a network of hundreds of professional affiliates who get paid only when a quantifiable transaction occurs, like a sale or lead.
ShareASale has been in business for over 14 years, solely as an affiliate marketing network. Their technology gets accolades for efficiency, accuracy, and speed and their reputation as a honest and fair business is famous within the industry.
Wide Markets Ltd, offers a distinct cross-channel advertising solution for eCommerce businesses. The company owns Wide Markets Media, Wide Markets Fashion, Wide Markets eStores, and Wide Markets Tickets.
How Budgeting Plays a Role in Affiliate Marketing
Efficient budgeting is what drives successful businesses and affiliate marketers. Prosperous affiliates budget their campaigns appropriately beginning with the total budget, breaking it into a campaign budget. The overall budget is critical because it gives you an overview of what to work with and this way you will also have power over your own budget. The most vital rule is to make sure your own budget is a smaller amount than your overall budget. This way, you have enough money for re-investing into scaling and diversification.
Treat your affiliate business like a stock portfolio. It needs to be diversified it in order to get a cash-flow. Most successful affiliates devote some of their total budget to trying new campaigns, another part for ROI campaigns and the rest to keep having safe campaigns. If you are just beginning, you need to focus on testing just one campaign at a time, but not going over the budget assigned for that particular campaign.
We need to get one thing straight. In order to sell anything, you need the traffic (possible consumers). and there are two conceivable way to get it. Free (organic) and paid. The easy logic behind these two approaches regulates how much cash you’ll really need to begin. If you want to work with paid traffic, your expenses will be higher.
Since you need to purchase all the traffic, you need the budget for it. The outright minimum recommended is somewhere around $1,000. If you don’t have this kind of cash, paid traffic isn’t for you. Yet. You need to make the budget somewhere else first. Try organic traffic. Traffic is not the only cost. Also, you will need a domain, spy tool, tracking solution, and server. But the most important thing is to get started.
What Should I look for in a good affiliate network if I’m a beginner?
If you’re new to affiliate marketing, attempting to find a good affiliate network can be a bit unnerving.
There are hundreds of affiliate programs you could try. Honestly, you could possibly find an affiliate program for just about any sort of product on earth. A lot of those products will have their own remote affiliate program.
Though, if you’re new to this type of business model, it might not be smart to track down a gang of individual affiliate programs for a horde of various products.
That takes way too much research and time.
Ease of Use
The first thing you want to look for possibly is ease of use, which is one of the huge benefits that affiliate networks have versus private ones. They are usually easy to use.
I suggest signing up for a couple of networks and getting a perception of their back end. Speak with an affiliate manager. See what the payment and promotion processes are like. You want something that feels contented so you can use time promoting products instead of hanging around in the back end of your affiliate account.
Products in Your Market
This might seem understandable, but you’d be surprised. It’s crucial to make sure a given affiliate network really has products in your market (or the market you’re interested in).
Moreover, you want to make sure there are numerous products in that market. You’re not going to earn a living on just one product. So, having several things to promote virtually lays a much stronger foundation for your business. Also, you want to make sure other folks are really making money on the products you’d like to promote.
It’s also critical to look for affiliate networks that have a lot of users, particular if you’re new. First, well-liked networks will have plenty more money since they have more customers. Also, they have more resources.
Top Affiliate Networks (Part II)
Also known as Buy.com, Rakuten.com has developed into an orge. Rakuten ranks among the top of e-commerce businesses on the globe with more than 85,000 products from over 38,000 shop owners and over 18 million customers. Among its many online properties is the website with a B2B type. Rakuten Ichiba is the biggest e-commerce site in Japan and among the globe’s biggest by sales.
CJ Affilliate by Conversant
Previously Commission Junction, CJ Affiliate by Conversant is known by millions of consumers shopping online via their affiliate marketing network. The Conversant, Inc. companies consists of Dotomi, Mediaplex, ValueClick Media, Commission Junction, and Greystripe.
Amazon.com doesn’t need a description. Amazon is an US cloud computing and electronic commerce business headed in Seattle, WA. It is the biggest internet-based retailer in America. It’s affiliate network, named Amazon Associates, lets you tap into more than one million products to promote to your customers.
ShareASale has been in business for around 15 years, mainly as an affiliate marketing network. Their technology gets rave reviews for efficiency, accuracy, and speed. Their reputation as a honest and fair company is famous within the sector.
Many marketers don’t even realize that eBay even has an affiliate network. eBay has been on the internet for more than 20 years. The eBay Partner Network offers first class tracking, reporting, and tools.
Affiliate Partners Ltd.
Affiliate Partners Ltd. is one of the 1st affiliate networks in the financial sector and is known as the affiliate network with the biggest payouts close to $600 for niches like gaming, casino, sales funnels, trading, and much more. Partnering with them makes affiliate marketing much simpler thanks to their knowledgeable team attainable via email or skype. This network guarantees you a top affiliate network experience with 24-hour support and quick payouts.
Top Affiliate Networks (Part I)
An affiliate network works as an intercessor between affiliate marketers who sell services and products and the suppliers who make the services and products and their affiliate programs.
For merchants, affiliate network services offer usual include tracking, payment, refund processing, reporting, access to a huge base of publishers, and affiliate management.
Network services have a key databank for affiliate marketers of accessible affiliate programs arranged by category, analytics, and much more.
While affiliate marketers are usually able to join affiliate networks for no cost, merchants have to pay a fee to participate in the network. Affiliate networks typically want a setup fee for every merchant and a periodic membership fee.
It’s also usual practice for affiliate networks to make merchants pay a percentage of the commissions paid to affiliates. This proportion is known as an over-ride and is payable along with the affiliates commissions. But believe it, despite these fees, the advantages to the merchant for uniting with these networks is well worth the cost.
It is the world’s 1st straight advertiser and hub that offers centered on diet, health, adult, and beauty. TerraLeads functions on a COD model and offers the highest approval rates thanks to the local call-centers with native speakers. TerraLeads distinctive features include the local warehouses and in-house productions. After becoming TerraLeads partner, a person has free translation services, 24-hour support (multilingual), possibility to follow leads in real time, use of advanced technologies, and draw money out every day via numerous e-payment systems.
Clickbank is massive and it’s been around for more than 17 years. ClickBank’s thing is digital information products. As one of the biggest online retailers, ClickBank has a huge library of more than 6 million exclusive products in order to get to over 150 million customers around the globe.
Affiliates Love Big Junk and They Cannot Lie
Readers of our blog are often amazed by all the different industries that work with affiliate members. Even I was surprised by my latest inquiry for junk removal Cypress companies.
Believe it or not, there’s a ton of money to be made hauling away stuff people don’t want anymore. Everything from old mattresses to cars that won’t start up is fair game.
When dedicated removal companies get too bogged down by orders, they scramble for someone to lend a helping hand. If you’ve wanted to become an affiliate but haven’t found your niche, junk removal may be the ticket.
Junk Car Affiliates
Junk cars are a problem that plagues more neighborhoods throughout the country. However, car towing services and local landfills aren’t the best for disposing of them either.
If you have some form of towing truck, you may want to check in with local junk car removal companies. By offering fair trade values, usually around $1,000 or less, you have yourself a set of replacement parts to sell individually or in bulk.
Personal Storage Junk
Did you know that after a certain period, storage rental units are auctioned off? The company needs the space for future rentals, but they have to get rid of the stuff first.
Inquire around town about providing your moving services to those who attend the auctions. For a small fee, you can help the new owners and the storage facility in one fell swoop.
Real Estate Clean Outs
When a home goes to foreclosure, it’s often not left in the best shape. Banks need the abandoned items removed before they can clean, repair, and market the home.
Although most banks already have a dedicated clean out service, not all of these professionals have a junk exit plan. By working with those servicing the banks, you can remain their affiliate junk hauler.
Reuse Landscape Trailers
If you operate a business that already uses a small hauling trailer, like a landscape unit, you may get more out of it on the side. By offering part-time junk removal services, you can easily haul away anything that fits in your trailer.
You must make sure that you are following all local disposal laws and policies. You won’t keep much of the profit if you’re always paying out disposal fines.
Why Reinvent the Wheel?
There are numerous types of personal item moving and junk and scraping businesses out there. Why do you want to start a competing company just for side work?
Instead, contact a local junk removal service and ask if they allow affiliates to work for them. Although many are often small family-owned businesses, your larger junk removal companies are always looking for extra help.
What is Cost Per Sale/Pay Per Sale in Affiliate Marketing?
Cost Per Sale Model is a cost-effective and efficient way to sell services or products. However, few businesses bank on it. They are either too into CPC and CPM, or just don’t have an idea about this model. If you are curious about what CPS is, continue to read below. You might find yourself wanting to take a closer look at it and seeing if it will be a better fit for you.
High profit, low risk– You pay the affiliates only when an actual sale occurs. This means the end customer has to pay you first for the service or product and it is when you pay your affiliates. Unlike PPC campaigns, where you aren’t even sure if there would be any conversion, the risk is very little with CPS.
Less room for frauds– Ad fraud costs the industry over $7.2 billion every year. Mostly occurs in CPM and CPC models. This isn’t probable with CPS. Fraud is very unlikely here. Some affiliates can ask their acquaintances to purchase your services and products. And just when you give out the money for the sale, the whole order is cancelled. This rarely happens with CPS and is contingent on your tracking system and affiliate clauses.
Helps in SEO– You get lots of backlinks when the affiliates try to sell your services or products via their websites and other platforms. This enhances your ranking on SERP and improves your lead. You need to be wary of backlinks from bad websites. Yahoo and Google penalizes you for this.
Effortless marketing– When your affiliates are trying to sell, they are marketing your services or products, your brand. You don’t have to use any energy. And the added cost of PPC on search engines and campaigns on social media platforms is really diminished.
Facebook Ads for Affiliate Marketing
If you aren’t using into the power of Facebook videos, you are missing huge payouts. But here’s the 64,000.00 dollar question: how do you make videos that don’t bite? Here are some ways you can turn up your videos ads to get huge growth in your business.
Be Interesting ASAP
You have about less than a second to get someone’s attention on Facebook.
If you can’t get someone immediately, they’ll be moving on quicker than boys on Tinder when you tell them you’re a princess. People are A.D.D. and you’re going against zillions distractions on the web.
Think of the beginning of a video as if it’s the top part of a landing page. If your headline doesn’t grab attention, they’re not seeing the rest. Likewise with a video. Don’t forget, with video ads you are pursuing a very particular group of people. Talk to that group in a way that will have them coming back for more.
Use captivating visuals
Don’t forget, videos begin with the sound off. Unless you give folks a reason to click, the sound will stay off and folks will have no concept of what you’re saying unless they want to read lips.
How else will you target folks who are surfing Facebook? Using gripping visuals, right at the beginning of your video, is a good way to retain people’s attention. The best visuals typically give some type of preview of what’s to come or even encourage folks to turn on the sound.
Create an exciting thumbnail
When you put a video on Facebook, Facebook creates a thumbnail and these thumbnails are horrible.
Instead of having an auto-generated thumbnail, make your own, more interesting thumbnail. Like the visuals in your video, the thumbnail should be clear and appealing, giving folks motivation to click on your video.