What You Need To Know Before You Start A Referral Marketing Program - Who Sends The Referrals?
Use as many of the following different techniques as make sense for your blog and audience. Note: All of these strategies assume that you are already sending traffic to the latest content you’re creating by emailing your list on a regular basis (at least two to four times per month) to let them know what’s new.
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Well, We will dwell into details, and more technicalities of affiliate marketing as we move ahead in this free course, but for now, lets learn the basics.
Modern ecommerce business owners are always looking to grow their customer base, boost revenue, and make constant improvements so they can keep up with shifting consumer preferences and stand out from the competition. Joining an affiliate program can help! When you open up a new revenue stream through referral commissions, you can use that additional revenue and cash flow to grow your business.
An example of a referral program I promote is Robinhood. They do not have an affiliate program but when I refer people to Robinhood I get a free stock and the new person signing up get a free stock.
There are different Shopify apps that can help you to master any affiliate program that you are willing to create and implement on your e-shop. They are easy to modify to make your store ready for an affiliate program of different shapes and varieties. Moreover, there is no knowledge of coding required to get up and running with a new partnership.
Focus on helping your audience through their daily struggles. Make your content as helpful as they need it to be, and they will come back time and time again when they need your help. That is how you build a consistent audience and how you get from 20 visits per month to 100,000.
Before choosing this particular niche, you must know if there are affiliate programs for it. No matter how popular it is, any niche cannot produce sales if it does not have affiliate programs supporting it. If it doesn’t, then try to look for other niches.
Let's say you owned a popular knitting blog that saw 100,000 hits per month, and a knitting supply company contacted you about promoting their needles and yarn on your website. As an affiliate, you'd place links to their products throughout your blog content. In this case, you'd receive affiliate income if a visitor landed on your blog and took an action — either a click, form submission, or purchase.
Finally, you’ll want to do some research to figure out if there are affiliate programs within your niche. You’ll be able to monetize almost any niche with display ads, but the real money online comes from affiliate sales, so you’ll want to ensure there are a handful of products you can promote.
Once you know this information, it’s time to find some affiliate programs to join as a beginner. There are literally hundreds of thousands of companies that have affiliate products for you to promote on your blog.
That wealth comes from foresight, like being one of the first online retailers to offer an affiliate program way back in 1996.
Let’s look at an example. Say I sign up for and get accepted into the Pit Boss Affiliate Program. I go to the Pit Boss affiliate portal and they give me unique links (for grills, pellets, etc) that I can use on my blog. I post a recipe using my Pit Boss on my blog and include an affiliate link to the grill I used in various places on my post. Thank link goes to the product page of the grill I used. Someone reads my blog post and decides they want the same grill I have so they click my affiliate link and it takes them to that grill on the Pit Boss site. They purchase that grill. I get a commission on that sale because I assisted in that sale. I have a full time job that I’m not ready to leave. So I use affiliate marketing as a supplement to my income. It’s my side hustle. Sometimes it’ll take care of my gas money for the month and sometimes it’ll take care of the mortgage and my car note too. I’m not at the point where I’m making six (or even five) figures yet. But a LOT of people use affiliate marketing as their full time job and sole source of income and I believe it. Maybe one day I’ll be at that point but until then, it’ll remain a fun side hustle.
Smart marketers are always looking to maximize the clicks on their affiliate offers so that they can convert cold traffic into subscribers, leads and customers.
Next step to learn Affiliate Marketing online & knowing how to start affiliate marketing is knowing how to make a website that can assist you in channelizing your Affiliate Marketing Campaign. Creating a website is considered the most powerful way to promote affiliate links. You need to have a site that not only targets audiences but also informs them in the most credible way possible.
Not all affiliate programs operate the same way, of course. Some common commission models include: Pay Per Click (PPC): Affiliates earn credit any time a consumer clicks on their affiliate links.Pay Per Sale (PPS): An affiliate earns a percentage of the referred sale.Pay Per Lead (PPL): If an affiliate’s link results in a qualified lead, they receive a fixed commission.
Affiliate marketing is the process of promoting other people’s products and services online. You can do this by simply posting links in your content or creating entire reviews.