Social media is one of the most powerful tools we’ve gained in today’s modern technological age, and this goes for marketing and beyond. With mindful use, social media for affiliate marketing can be an invaluable tool to your affiliate marketing success, as well as your networking with other fellow affiliate marketers. In such a socially driven business, this networking aspect is an important one, and one that isn’t often thought of but is benefitted from greatly.
Early on in my stay, I was assigned the Affiliate Marketing beat, and I found that one of the best ways to familiarize myself with the industry in an efficient manner was through social media, specifically Twitter. I had bookmarked a ton of blogs and affiliate network websites, but it was the simple act of following various Twitter accounts (and occasionally talking with them through direct messages) that really helped me get a feel for the world of performance marketing.
Shopify is an eCommerce solution similar to PayPal or Stripe.com—it allows you to make sales, purchases, and payments online. For someone running an affiliate program, this is obviously a necessary piece of the puzzle. Not only do you need to get paid for your sales, but you need your customers to be able to make purchases and—much as you’d like to forget this part—you also have to pay your affiliates!
This is insanely helpful, thank you! I’m so excited to read the e-book guide on affiliate programs. My blog is still a baby so I’m working so hard to learn as much as I possibly can as consistently as I can. Abby, you have given so much advice in your posts that I have turned to while getting my blog going. Thank you so much for the advice, for exposing your readers to new bloggers with guest posts, and for always producing great content and great resources. You are AWESOMENESS!
Convincing humans to buy products is a massive business called marketing, and few areas of marketing are growing as fast as influencer marketing. Influencers on platforms like Instagram, Pinterest, and YouTube can command prodigious fees based on their audience size and engagement: some data suggests that a single video on YouTube by a top influencer can command as much as $300,000.
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.
According to Nielsen, Internet users spend 23 percent of their time online using social media, and 70 percent of social media users shop online. Does your affiliate marketing strategy include steps to leverage social media? Finding the right ways to capitalize on social platforms increases your credibility, revenue and traffic sources. But where to start? Below are three best practices to leverage social media to increase traffic through your affiliate sites.
So you should be sharing company updates, blog posts, announcements, launches, etc. This also means you should be sharing the least amount of promotional affiliate links on Facebook versus your other social media platforms. This is where rule number one really comes into play. If you’re sharing affiliate links on your Facebook Page, make sure they’re few and far between.
It takes all sorts of action to win over the minds of prospective customers. With advertising costs plummeting every year, the struggle for better conversions often leads to more cost-effective ways to achieving that goal. Paid traffic needs significant investment that is difficult to pay off on your Shopify store. You need to manage to land a sufficient number of sales to make a profit, which is no easy task.
JVZoo was founded in 2011 and has since rocketed to near the top as one of the most popular affiliate programs out there. JVZoo is unusual in that there are no upfront costs for either publishers or merchants (advertisers). JVZoo’s income is exclusively from charging fees (to both the merchant and the affiliate) after a sale has been made. It is also unusual in that it pays commissions “instantly” via PayPal rather than once a week/fortnight/month like other affiliate programs.
Established in 1997, FOREX CLUB (the company) is the brand name for a group of companies that provides clients from over 120 countries with platforms and services for trading forex, CFDs and other online trading and educational products. We offer every client effective tools in training, analytics and education, as well as personal support where they want it. FOREX CLUB has over 650 employees worldwide. In 2011 alone, over 45,000 traders chose to learn forex trading with us. FOREX CLUB was one of the industry’s first to offer zero spread trading and commission refunds on all unprofitable trades.
Their YouTube channel has some fantastic videos about PC-building and they list all of the parts used in their video descriptions. You can follow a handy link to the full list of components, where you can find out how much they cost and where to get them. The fact that they have over 180k people subscribed to their channel is almost all you need to know.
In the beginning, the tracking capabilities of affiliate marketing felt revolutionary: marketers were giving trackable links to publishers, with the publisher earning a commission every time a reader made a click or a purchase. Leveraging this newfound transparency opened up an opportunity for publishers to monetize their content without having to sell banner ads and pop-ups, while brands could now have a trackable, results-driven strategy for their marketing spend.
That being said, LinkConnector’s platform looks and feels outdated and is rather clumsily designed. Their dashboard also makes it difficult to find “hot” products or compare conversion rates, leaving affiliates somewhat in the dark about which products to choose. Ironically, despite their low-quality website, they offer some of the best customer service in the affiliate space.
You have to remember that on Twitter, you only have 140 characters to work with. (At least for now–who knows what will happen with this 280 character limit in the works.) Your link takes up 23 characters of your tweet, even when you don’t use a link shortener, so you have 117 to say what you want to about the product and disclose that it’s an affiliate link. So you need to be short, sweet, and to the point.
To summarize, the benefit of using an affiliate network to find affiliates suitable to your product niche is that you already have access to a pre-built audience of quality affiliates, ranking them among some of the best affiliate programs. The perk of creating your own ecommerce affiliate program, on the other hand, is that you have more control over it and will likely pay fewer fees. Keep in mind that the downside of creating an ecommerce affiliate program from scratch is that you’ll need to find your own affiliates, which can be a challenging aspect of affiliate marketing for beginners. Fortunately, if you already have a substantial customer base, you can also allow your customers to be affiliates as influencers, a common trend on blogs or platforms like Instagram. This can even help turn them into evangelists for your brand.
Posting your YouTube videos and affiliate links on other sites related to the products you are promoting also works. Forums are a particularly good choice since they are frequented by people looking for product information. Don’t just drop your video links in the threads. Engage in conversations with the other members to know what exactly they are looking for. This gives you a better opening to push your affiliate links and get them to click and buy.
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! 😉
Not that long ago, consumers would find a product that looked cool, maybe talk to a salesman, and make a purchase if it appeared to fit their needs. Now, consumers are flocking online, well before they decide to make a purchase, to do in-depth research and find the very best product available. Unboxing videos and product reviews have exploded into the buyer’s journey, and there is a huge opportunity to capitalize on this research phase through your YouTube channel. Consumers are simply looking for reviews that they can trust to help them make the best choice possible on the products they need. It’s incredibly important to find something that you are truly passionate about and provide people with a detailed review of why this is the best product available. Doing this will build trust and foster a community that organically grows in followers.
The PointsPrizes affiliate program offers you a way to make money, without selling your soul. You can earn money through this program, simply by including referral links at the top of your video descriptions that are relevant to your audience niche. What's different about this program is that instead of paying you in clicks and commissions, they pay you for traffic. So if you direct your audience, who you know would probably be interested in the referral link you provided (known as quality traffic) PointsPrizes will pay you, simply for directing them over there, and can pay 10x the amount other affiliate programs can. As a plus, you'll also be able to offer free gift cards to your audience and they won't try to police or change your content in any way.
VigLink works a bit differently than other affiliate programs in that it is specifically designed for bloggers. Instead of affiliates picking and choosing which merchants to work with, VigLink uses dynamic links that automatically change to work with merchants that VigLink has determined are offering the highest conversation rates and/or commissions at any given moment.
As I mentioned earlier, most of your monetization options are severely limited when it comes to social media. Direct selling, AdSense and advertising space sales are all out. It’s in this situation that affiliate links become exceptionally powerful. You can post an affiliate link on any social network, and wherever it travels you’ll be credited. Time to get a list of options together.
While you need to be careful about sharing photos under a copyright protection, you can still find many copyright free images. For example, you can go to Google Images, click on the little gear icon in the upper right corner, click on “advanced search” then only show images that are not protected by copyright. In almost every industry, you will be able to find a ton of images you can use or even edit for your own purposes.