Besides affiliate links, publishers can get access to tracking reports (clicks, sales, impressions), additional promotional materials (banners, copy, email templates) inside the retailer’s affiliate platform. These platforms also handle commission payments so publishers can expect to be paid around the same time each month, usually by Paypal or direct deposit.
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.
I have used affiliate links directly on Twitter on three occasions (from memory). In each instance they were Amazon Associate links and they were a part of a conversation that I was having with other Twitter users (from memory they were at times when followers asked me for recommendations on products). The links that I left were relevant, the conversations were started by others and they fit naturally into the conversation. From memory I declared that they were affiliate links on at least two of those occasions. The opposite of this ‘conversational’ tweeting is the ‘cold call’ tweet which comes out of the blue.
Unlike Facebook and some other social media platforms, you can tweet very frequently. Most major companies will send out a new tweet ever hour. This includes social media management companies like HootSuite and other well known internet based companies like GoDaddy and HostGator. If they are doing it, chances are it’s pretty safe for you to do it. Since Twitter is such an “in the moment” social platform, you can even tweet out the same thing two days in a row. Hardly anyone (if anyone) will notice.
That’s how you make money on Pinterest with affiliate links. Uploading the pin is simple. However, getting clicks can be a challenge in the beginning. I was struggling with that until I took a course called Pin to Profits – Affiliate Marketing. It goes over design tricks you can use on Canva or PicMonkey to entice people to click on your pins. You can learn more about the course in my interview with the creator, McKinzie Bean.
As opposed to referral marketing, any affiliate marketing should be incentivized by an attractive commission rate and transparent rules. It is especially relevant to eCommerce newcomers: a solid monetary base can act as a means of building trust among prospective affiliates. If you want to prove the credibility of your new business, be generous when considering the reward.
Since your pin is going directly to a seller’s site and not your blog or review, make sure that the title and description of each pin is informative and straight to the point. You can use two to three sentences and always, always, always disclose. Remember that these titles and descriptions are what help Pinterest users find you when they do a search. The better your description is, the more sales you will get.
Sign into Youtube and go to “Creator Studio.” Now go to Channel –> Status And Features –> External Annotations. Add your website and go through the verification process. You may need to add your website to Google Search Console. Now go to the “Advanced” tab under Channel and add your website as an Associated Website. Full instructions are found here.
I specifically asked Dave Cotter, from Amazon, about this phenomenon. His answer was rather encouraging because he said you cannot control what people do with your links. He said if a link goes viral, you the affiliate marketer should be rewarded for something you created being distributed in such a fashion. As long as the viral activity follows the guidelines of Amazon’s affiliate program, which is outlined above, you can expect to receive credit for all referrals.
As for SocialOomph’s affiliate program, it’s fairly simple. To earn money, all your referral has to do is sign up for the free system and you begin earning a recurring 40% commission for the subscription fee if the customer upgrades to SoocialOomph Professional. You get a commission for the life of the referral and receive your payment every single month. They even offer a 5% commission on any referral who also signs up as an affiliate.
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.