The tool LiketoKnow.it (owned by rewardStyle) capitalized on just that, and has created a pretty neat affiliate marketing program for Instagram. It’s application/invite-only, meaning you have to apply and be accepted for their program (which can take months), but if you get in, it is well worth it. It was originally created for fashion bloggers, but now has branched out to several different types of content:
The idea of making money while you sleep is nothing new. Passive income has been a popular buzzword for the past couple of years. One way to generate such passive income is with affiliate marketing. If you want to earn money but don't have anything to sell, affiliate income comes into play and can leave you making some pretty decent change each month.
Make sure your social media accounts stay active. The more active you are, the more exposure you will get and the more followers you will naturally acquire over time. Also be sure to stay active in the commenting sections. If someone replies to a tweet or an image on Facebook, be sure to respond. This helps to build a community of followers that you can interact with and build trust. As an affiliate marketer, your ultimate goal is to make money. But is it easier to sell products and services to strangers or people you talk to on a regular basis? In addition to the monetary potential, interacting with people in your niche industry helps you to get inside the minds of your target audience. You can learn what they want, what they don’t like, and what they wish already existed. The more you learn about your target audience, the better you will become at marketing to them and showing them products or services that will actually make their lives better or easier.
Basically, you’re just recommending certain products through your YouTube videos and when people click on your affiliate links and purchase products from the merchant, you get a commission from each of the sales you generate. There are many affiliate programs in which you can participate – for instance, Amazon and Apple Store have affiliate programs that allows you to earn commission by promoting their products.
Video is the most powerful form of advertising. It allows consumers to see and understand products before hitting the purchase button, and as visual creatures, we can’t help but watch a well-made, captivating video. Just think about it — video has only been around for about a century, but now it’s everywhere. We have Snapchat videos, 3D movies, videos on our Facebook walls, and more.
Previously known as Affiliate Window but now officially referred to as “AWIN” after acquiring Zanox a few years ago, this network claims to work with over 13,000 active advertisers and 100,000 publishers (affiliates). Founded in Germany, AWIN’s merchants primarily hail from Europe (especially Great Britain) although the U.S. network is growing rapidly. AWIN is currently active in 11 countries.
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Plan your video before you make it. Rambling is one way to make a long, over-saturated video that can cause your bounce rate to sky rocket (people clicking off the video). Make a script to follow (but give yourself for some improvisation) and also don't be afraid to cut out content you think is uninteresting or not relevant. No one wants to hear about your Gran's sixtieth birthday bash on a video unboxing the latest sneakers.
It is also useful to consider whether your products have varying markups as you come up with your default commission rates. This is because you might want to incentivize your affiliates to generate more sales on products that are already earning you higher profits. If you want to create a set rate instead, you’ll want to find a percentage that takes your varying markup rates into consideration. Instead of creating a single set commission rate, some affiliate marketers opt for a tier system where different commission rates are assigned to different product categories.
There are many ways to make money with your videos and one popular way is to make money is to combine YouTube videos and affiliate links. If you have an active channel on YouTube are building subscribers, and like to upload regular videos about anything, you can turn your video views into constant income for you. Many people opt to use the YouTube ads program to make money out of their videos. This is the most standard money making program on YouTube but it may not provide much of an income in the long run. For hundreds of views on your videos, you might only make a few cents out of your YouTube ads.
If you have limited budget, don't be afraid to use trial versions of software. I used Adobe Premier to make my YouTube intro (the trial is 30 days, it took me less than 5). There's also plenty of free software you can use too. Do you research and hustle as much as possible. When you start earning money, feel free to reinvest it into your venture and buy something with a little more quality.
The downside is that Shopify is only appealing for people who have physical or digital products to sell and have a need to set up a Shopify store, including site hosting, payment processing, and all the other services offered by Shopify. This can significantly narrow the appeal for this affiliate program. But if you can distinguish yourself by educating people on how to use Shopify, how it can benefit their business, and/or make them money, you could potentially big money via the affiliate program. Add in the 2 x monthly fee commission rate, and landing just a few sales of their mid-tier and top-tier products can result in significant earnings.
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Just like in our lemonade example, a good affiliate marketing program reduces overhead costs and reduces risk. Since it can be quite expensive to hire sales & marketing employees, having an army of affiliate partners can give you the reach and sales you’re looking for, without the staffing investment that many e-commerce businesses can’t afford in the first place.
If you take the responsibility to manage your social media account on your own, then you can deduct the cost of outsourcing someone to handle it for you. The task of updating your social media accounts can be done in free hours. It is true that it takes a lot of time, but it is so enjoyable that you do not feel like you are doing any work at all. Moreover, people working in day hours can use their break time to check updates for their accounts.
Alexis Grant is an affiliate marketer, but she’s got other business models running too. She runs a content creation company, a site for writers, and has a bunch of training programs and other excellent resources. But she also does a lot of affiliate marketing, and she reveals her earnings, which is extremely interesting. Check out her recent post, Affiliate Sales: A Realistic Guide for Earning Revenue From Your Website.