The photo-sharing social network Instagram is a versatile platform for showing ideas and feelings, while promoting the values that your brand has. Because there is no restriction on the amount of text you can write below a photo, you can spend as much time as you want explaining an affiliate program, or perhaps just showing people how much fun it is to be playing poker, or to be trying casino games.
Social media has been around for a long time now - MySpace started getting traction in 2004, then Facebook, Twitter, Instagram, and the rest, followed. It's become accepted that social media isn't just for children, and isn't just a toy. Given that most people know this, how do you maximize the value of being on social channels? Let's look at how to make money on social media with affiliate marketing.
If you’re running WordPress, I use a plugin called Thirsty Affiliates to cloak, manage, and track my affiliate links (you have to pay Thirsty Affiliates for their add-ons if you want extra features). The free version is still good… just install the plugin and find the “Affiliate Links” tab on the left of your dashboard. Add the link name and destination URL, save it, then copy the cloaked version of the URL so you can add it to your Youtube video annotations.
Michael, Great article. I was eagerly awaiting this one as I’ve always found Twitter to be the top social media platform for audience dev and to support business goals (like lead generation). I have NOT found the same with Facebook. Given that, perhaps we could publish a follow-up: Top 0 Ways to Make Money with Facebook. Or, 101 Ways to Waste Your Ad Budget & Man-Hours at Facebook! 😉
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Spammers who choose to use automated systems need to watch out because search engines are now looking into how they can filter and remove these spam Twitter members and also they will not rank them online. The clue to having the right connections is to make sure that you follow the right people. It is essential that you take the time to understand how the market is moving and how you can be able to use it to grow your business.
Before we jump in, a quick note on the official Twitter guidelines: the platform doesn’t allow any third parties to inject paid tweets into a timeline on any service that leverages the Twitter API. So the opportunities to place sponsored messages are still somewhat “old school” in that they must avoid the types of automation that have become ubiquitous on the Web.
When providing affiliate links, you want to do is discreetly but also so that the user will actually see it. You can place links in your description (mention this in your video) or even put annotations in your videos for people to click. I wouldn't spam your videos with links, otherwise people will just see you videos as pushy and trying to sell something. The best way is to appear genuine and honest.
Once you start getting a bit of traction and you're spending many hours a week doing this, that's when I'd recommend to start building affiliate links into your videos. It's the same case as making a new website- there's no point in adding ads to your page when you don't have any page views. Work on content first, then once you have a decent traffic stream, then start to work on monetization.
Unfortunately, the 2Checkout dashboard is a bit limited in scope, making it difficult to get any metrics on conversion rates or even sorting by commission payouts. The workaround is to go to the Avangate store, which does list their best-selling products, and then search for these on the affiliate dashboard. That being said, 2Checkout does offer products from more than 4,000 different vendors, making it the leading affiliate network for software and digital products.
The bulk of the offers that I promote pay around $20-$40 per lead, but there are others that pay more and less. However, you don't want to get caught up solely on what an offer pays because how well it converts is just as important. For example, if you have an offer that pays $9, but if it converts at 2X or more of a $20 offer, then it will perform about the same and possibly better. At the same time, if you have an offer that pays $90 and it converts poorly, it may not even be worth promoting.