The biggest mistake you could make is trying to sell a product or service that is either not marketable or is just way too extremely competitive.
For example, Neil Patel managed to generate $3 for every $1 spent on Facebook ads.
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Here are the basic principles you can use to grow your affiliate marketing program and generate more profit.
This isn’t like MLM where you’re going to go and pitch your freaking waitress or your neighbor on signing up for the newest, hottest trend. This is literally promoting a book that you liked or it’s promoting a digital course or an audio program or a membership or whatever, and then getting paid for it.
Of course Future PLC is a big diverse media company, with investors with big pockets. So you might be be thinking to yourself “that’s all well and good, but how much money can I make with affiliate marketing?”
Do you have experience with affiliate marketing? Have you used either of these resources to get started? Comment below and let me know what your experience has been!
See how mixing personal stories, other free resources, and offers can come together to form a holistic autoresponder sequence? Everything is driven by your visitor intent.Funnels are where you will make the money. Figure out what drives your audience at different stages in your niche (visitor intent)Brainstorm five to ten content pieces based around each of the visitor intents you identifiedCreate desirable resources that people will jump over themselves to download in exchange for their email addressCreate a sequence of emails (an autoresponder/campaign) that mixes personal stories, free resources, and, of course, affiliate offers that match their buying intentions
These questions may help you determine if the product you’re considering is one you’d like to endorse on a regular basis. These are the critical questions to consider regardless of the type of affiliate marketing strategy you eventually select.
Overall, brands need to win searchers hearts and minds, and affiliate marketing gives your brand SERP influence. This influence is mainly created not by the quality of the product itself but by the quality of your affiliate program and relationship building skills.
You also want affiliates who provide a decent payout. Many beginning affiliate programs have high traffic but relatively low payouts (1-5%). If you’ve followed Amazon over the past decade, the overall percentage going to affiliates keeps going in one direction and it’s not up. In the beginning you might need to work with lower percentage affiliates until you get your feet under you as an experienced Internet marketer.
I’m an affiliate for a few products I’ve used to grow my blogging business. To help my visitors find all the tools I use, I’ve listed on them on my Resources page:
Revenue share deals are popular among well-established companies and brands that are on the rise. These pose a great option for seasoned affiliates looking to bolster their passive income strategies, but these offers usually have a longer conversion flow.
Don’t just hope and pray that visitors will buy; setup everything correctly and make it happen! If you think that visitors will click on your affiliate links and buy just because you placed dozens of affiliate links on your website then you are wrong! You need to have a structured plan in place. Affiliate marketing is a business so you will have a much better chance of succeeding if you treat it like one.
Once you have decided on a topic, take a look at the commission rates page to see what you will earn when a product is sold.
For doing that, all you need is a great course or product [which we’ve already discussed] and a program.
40% of marketing professionals quote affiliate marketing as the most desired digital skill.
Commissions differ from program to program. Many range from 5% to 8% of the sale but it just depends on the price range of the product. For example, Bluehost (a website hosting platform) pays $65-75 per sale. I’ve had 3 people purchase hosting through my Bluehost link this month so far. While $225 may not seem like a lot, that’s $225 I didn’t have before and I call that a win. So just think, what if I had a 100 people purchase hosting through my link in a month… So here’s what most people won’t warn you about. It’s not that big of a deal but I want to be as transparent as possible. You may not be accepted into every affiliate program you apply for, especially when you’re first getting started. Some are easier to get into than others.