Sure, you can sell to passerbys as you physically man the stand yourself, but you realize that you can sell more if you have some help. So you could hire a salesperson to sell some lemonade at another stand you own down the street. It’s a good idea, but there’s a lot of additional costs: the extra stand, the salary for your new employee, and a batch of lemonade that might not even sell.
Any commission that you are going to pay is an investment in your business. Amazon, for example, has an affiliate-marketing guide that grants a 10 percent commission for promoting a set of luxury stores. However, your final decision should stay in tune with the budget of your company. If you offer the highest commission rates to attract the best affiliates, make sure you have done the necessary calculations properly.
In effect, VigLink works as the middleman between a publisher (blogger) and merchants by scanning the publisher’s content and automatically creating links to publishers that are chosen “in real time” based on their payout/conversation rates. This makes VigLink a very hands-off affiliate program for publishers who prefer to focus on content instead of managing their affiliate links.
I want you to remember too that affiliates don’t have to only be products or digital goods, they can also be courses and services from people you respect and want to promote. If you’re like me and your ideal clients are business owners, maybe you’ve worked with a web designer that simply knocked your socks off, reach out and establish an affiliate relationship if one is not already setup.
While top influencers often have direct partnerships with product companies, others with smaller audiences often take advantage of affiliate networks to build their revenues. These networks allow an influencer to take a small cut of any sales that are generated through their unique affiliate link, and their flexibility means that influencers can prioritize products that they believe best match their audience.
Let’s start by discussing a common point of confusion: the difference between buying ads and influencer marketing. Influencer marketing relies on the utilization of brand advocates to drive your message to the larger market in an organic way. It zeroes in on those people with the largest social followings who have “influence” over your intended target audience, shaping marketing strategy involving those key influencers. Paid social, unlike free social such as a brand’s internal Facebook page or a Twitter account, involves paid banner, pop-up, and sidebar ads to boost your website presence across third party platforms. By targeting the specific audience the campaign seeks to reach using a range of tools broken down by audience “categories” (gender, region, age, preferences, and other demographics), paid social delivers your product’s message into the hands of your customers or potential customers in an effective and efficient manner. Here is a breakdown of the types of paid ads you should be aware of, with a focus on the benefits of social media advertising:
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.
Unfortunately, many people in charge of affiliate programs believe that they do have to be some sort of Facebook whiz or Twitter wizard, and as a result end up ignoring the platforms completely. Luckily, with how things are set up at LeadDyno, you don’t have to know very much at all about social media in order to get your affiliates up and running on the most popular platforms of today.
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.
For this reason, if you see a good story or idea on Twitter, retweet it (this copies the tweet into your own feed, meaning your followers can see it). On Facebook or Instagram, either share a post or draw attention to it, if you think being associated with the thought boosts your own brand. By giving exposure to things you like, you might just win an ally in the person who originally posted the content (assuming you give him or her the credit they deserve when linking to it). This might mean they do the same thing in return in the future. This will further grow your following.
Because 2Checkout exclusively sells software and digital products, it is best suited for established influencers whose target audience is interested in buying products in this niche. But while you won’t find any physical products for sale, 2Checkout is probably the market leader in selling software of every type, including very specific use case items (like software that can convert Microsoft Word documents to PDF, for instance).
Amazon’s obviously a really big one. It’s an easy one that a lot of people like to use. So I would start with Amazon if you’re new to affiliate links. The other places I would check would be CJ.com, LinkShare.com, ShareASale.com, and ImpactRadius.com. They’re like the affiliate networks or the houses that house all the different brands inside. So you can find the Wal-Marts and the Targets or whatever inside those networks. So once you get approved for their service, you can just start applying to all those different ones.
Kate Ahl is the owner of Simple Pin Media. She helps bloggers and business owners manage their Pinterest page while teaching bloggers and online entrepreneurs how to use Pinterest to market their business. Her philosophy is simple, actionable and uses data based decisions to create the best Pinterest marketing strategy. She runs Simple Pin Media out of a She Shed in her garden, loves good cheese, great friends, and sparkly drinks.
In this example, a blogger might put this link on their blog to try to get their readers to click through to your “blue widget” page and hopefully buy something. If the visitor who clicks on this link actually buys something, affiliate tracking software will automatically (usually – depends on what system you are using) pay your affiliate a percentage of the sale.
1. You can start with what you have; advertise your affiliate program to your current customers and try to recruit your current customers to join your affiliate program. The benefits of recruiting your current customers are: (a) they are already loyal to you and your product so they believe in it (b) you already have their emails and phone numbers so you can contact them and inform them about your awesome affiliate program (c) who doesn’t want to earn money on the side?
Barter With It (Tweet Swapping). If you’re not comfortable becoming a merchant who partners with affiliate marketers, you may still be able to turn your Twitter following into sales. Consider a non-cash barter exchange with other users who have valuable followings; you tweet about their business or website, and they return the favor for you. This one won’t be applicable to everyone, but can be a creative way to generate a little buzz and expose your business to new potential customers without spending a cent.
Murphy also says, "Twitter demographics offer a wider and more conversation-based audience when compared to Instagram, blogs and so on." In most cases, if you're a member of Online Affiliate World, you'll have your own website - but what you write on there is only part of a wider content marketing strategy. If you want new users, and you want them to click on your affiliate offers, you need to attract them there.
Yes – when creating your social network user name and profile, be aware of copyrights and trademarks, both Amazon’s and those of others. As stated in the Associates Operating Agreement, Associates may not take any action that could reasonably cause customer confusion about our relationship with you or misrepresent the relationship between us and you. Using a user name or id which includes Amazon’s Proprietary Terms, like “Amazon” or “kindle,” or using our logos and other trademarked content on your profile may cause confusion by those accessing your profile and also misrepresents the relationship between us and you. Furthermore, as an Associate, you’re also responsible for ensuring that your content doesn’t infringe on the intellectual property rights of others. For more information, please review the Associates Operating Agreement.
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.
Computer scientists Arunesh Mathur, Arvind Narayanan, and Marshini Chetty compiled a random sample of hundreds of thousands of videos on YouTube and millions of pins on Pinterest. They then used text extraction and frequency analysis to investigate URLs located in the descriptions of these items to determine whether the URL or any redirects behind it connected to an affiliate network.
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.
We've highlighted useful productivity apps for all formats and for iOS devices, because we use them and get a great deal of benefit from them. They make our work quicker and easier, and make our lives more efficient. There are applications for social media posting that can do the same, and ensure that even if you have a considerable presence on social platforms, you don't find it takes up all of your life.
Along with that, Amazon is a complete SELLING MACHINE! What I mean by that, is they have drilled their conversion rates down to the last detail. Typically I can convert traffic I send to Amazon from my affiliate sites around 12%. The reason why it works so well is that the moment people land on Amazon, they are automatically switched into "buyer mode". Meaning, they know the only thing left for them to do is BUY. What that means, is all you have to do is get people to Amazon's site, and they literally do the selling for you.
Your site has some great FREE content. I love the stuff on affiliate links. Most sites just give very high level info on making money with affiliate links. I even purchased content from another blogger that didn’t have some of the great info you give for free. I have a website but I have a ton of Pinterest followers and about 7K views per mo. so I really want to monetize that. Thank you for your content!
Tradedoubler was founded in 1999 by two young Swedish entrepreneurs. They have offices in the UK and multiple countries throughout Europe, including Sweden, Germany, France, Poland and Spain. Their focus has always been to provide smarter results for both clients and affiliates through technology. In 18 years, they’ve amassed an army of 180,000 active publishers, connecting them to over 2,000 merchants in Europe and the UK. Many of these merchants are household names.