You can make money on YouTube by doing affiliate marketing, which is including links to products you review and use in your videos that will track a purchase. If someone makes a purchase using your affiliate link, you receive a small commission for the sale. Melea is an expert in affiliate marketing and joins us to give us some tips for how to make money on YouTube with affiliate links.
Movavi is a company that provides high-quality software to budding videographers and photographers. They run an affiliate program with some very attractive offers for youtubers looking to profit off of their channel. They start their margins of at 40% (meaning you get at least 40% of each commission) and they are known to provide safe, secure transactions. Plus, they're product shouldn't be to hard to sell to any kind of audience. They're software is well-known and since so many people are looking into starting their own youtube channels, it's easy to steer your audience towards their software.
Make sure you're excited about the video as much as you want your audience to be. If you show no enthusiasm for your video, talk in dull voice or slow monotone style, how do you expect your audience to feel influenced by you? The best Affiliate Youtubers are masters of this craft; they make you want to buy the product but they are also entertaining and provide information in an attention grabbing way.
Jumping into too many market niches will surely hurt your reputation as an influencer on Twitter, or any other social media platform for that matter. Your followers know about market niches in which you have got expertise and if you wander away from that, it may create a bad impression in their eyes. Promoting something that you do not normally write about is not a good strategy. In fact, it will seem as if you are just selling. Make sure that you stay moderate when it comes to affiliate marketing.
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! 😉
Facebook Ads, one of the most targeted ads to exist currently, is affordable for beginner affiliates and effective for even the most experienced. The display of text and image ads appear on Facebook newsfeeds and sidebars of your most targeted demographics. Because these ads are able to be targeted by demographics like age, location, gender, even profession, they provide significantly strong results at minimal cost. Considering over 80 percent of Americans are active on the platform, that results in a lot of qualified leads.
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If you want to sell on Twitter, you have to build relationships and create targeted lists based on interests. Once you learn how to build these networks (which really is easy to do), you can link to relevant affiliate offers without having to worry about getting unfollowed or blocked. The key is to let the content, not a Tweet, do the selling. If everything you say on Twitter is a pitch of some sort, it won’t work. However, if you learn to be relevant and helpful, your random pitch will not only be noticed, but will be appreciated.
Next, you need to make sure affiliate marketing makes sense for your own products in terms of profit margins. If you’re selling products with a very low profit margin then giving away part of the profit as commission to your affiliates, you might want to think twice. If you find yourself in this situation, you may want to consider increasing the price of your products to include the affiliate’s commission.
And that means affiliate marketing also conveys more trust in your brand. When your partners are marketing you to their friends & family, it confers the trust between them to your brand as well. This is why working with influencers gives you greater social clout in your niche, which translates to higher loyalty and trust in your company. And then… more affiliate partners as your customers turn into reps!
Possibly the most important demographic you could factor in while shaping your affiliate strategy is age. Affiliate marketing means continuously trying to incorporate the newest marketing trends into your gameplan, but this money is as useless as data without analysis if you aren’t reaching the right audience on the right platform. In a study conducted by Envision Creative, around 90% of 18 to 29 year-olds interact with social media in some way, shape or form. It follows that success with millenials equals a continued need for staying up to date with new social media marketing trends. When targeting younger demographics as an affiliate, think about launching incentive programs for those customers who refer others to your business or product. These pseudo “loyalty programs” serve as extremely effective digital word-of-mouth. Also consider offering discounted services or products for promotion on social media.
So instead of paying all this overhead up-front, you tell your mom who has a weekly book club that if she mentions your lemonade to her friends and sells a cup, you’ll give her 5 cents for each 25 cents you earn. This way, there is less risk (since there are less up-front costs), and you only pay out the commission if and when your mom actually sells a cup.
1. Most affiliate marketers on Twitter are doing this because they are too lazy to learn how to effectively sell affiliate products. You shouldn’t try to sell someone in a PPC ad; you bring them to your sales page so that your sales letter can do the selling. It’s the same with Twitter. To do this, though, you’ve got to be relevant, which means that not everything you say can be a sales pitch. When it is, though, it has to address the needs of your list. Sending out blanket replies just doesn’t work.
The tricky thing with Instagram is that it doesn’t allow links in your posts. I mean, you can put a link in your post, it just won’t work. Of course, you can tell your audience to copy and paste, but that would mean they have to copy the link, close Instagram, go to their browser… Too much work! It’s much easier to click a link and be done with it.
Blend planned campaign posts with engagement. Schedule your branded and content posts at least one week ahead. Use scheduler tools to pre-post and then dictate the publishing time. Schedule time each day to check “mentions” of your account so you can respond quickly. Make some time to also interact with people sharing other topics related to your business.
Shopify has three different account types as well as standalone third-party products like themes and apps. Commissions are paid for sales of any of these products, including users who sign up for a 14-day free trial and then convert to a paid account. Shopify also has a wide range of blog posts, webinars, and video tutorials that can be linked to with the standard commission paid on any sales that are generated.