Although it has a dynamic and well-designed website, PeerFly has a limited range of offers at any given time (around 8,000). On the upside, it does offer good commission/payout rates, lots of FAQs and educational information, and regular contests and reward programs that can substantially increase your bottom line. Based on online customer reviews, Peerfly enjoys a very high reputation amongst participating affiliates.
For instance, the authors of the study suggest that products like YouTube should have better native features to disclose affiliate sponsors. Placing disclosures though could dampen enthusiasm for some clearly high-engagement content. How then can companies build a framework for building ethical policies that follow FTC requirements while also ensuring their products reach the right metrics?
From our chat with an Amazon Associates customer service representative, Amazon says that their position on the use of Amazon Associates links in YouTube content is “not public information”. Therefore, we cannot present you with what exactly we were told. You also cannot find their rules, specific to the use of Amazon Associate links, documented anywhere on their website despite the fact that they have “guidelines.”
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.
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.
When using social media for affiliate marketing, you should always stop and focus on your content first. Do your posts have the ability to stand on their own regardless of your affiliate link? Do they provide something of value to your audience? Do they grab attention? Using the right education and finesse, you can learn how to really rope in your social media platform audiences, and demand their attention with high quality and interesting content.
Posts without value are posts that will cause your audience to lose interest and the goodwill of your audiences, rendering your efforts of using social media for affiliate marketing useless. For example, on my social media platforms I like to have 80% of my posts as entertainment or education purposes only and only 20% of my posts have anything to do with promotions.
The average commission rate is $58 per the Shopify website. Shopify’s commissions are paid according to different metrics. For instance, if a referral signs up for the Shopify Plus enterprise plan (the highest tier), the payout is a flat $2,000. Referrals who sign up for the standard plan earn a $598 commission. The payout for a Basic account is $58. Commissions are calculated as follows: you will earn two times the monthly rate but only two months after the user has been a paying customer.
With all of my blog posts, I have the consistently scheduled to share on social media and on Pinterest. This keeps the content in front of my audience. I use the social media scheduling tools Post Planner and Tailwind for this. Many affiliate programs also have great affiliate managers that will send out information with special promotions that you can share. If there isn’t a big sale or promotion going on, I will still try to feature certain high-converting posts on Pinterest, to my email list, etc.