Affiliate marketing is an underused technique to drive traffic to your website and generate serious online income. Extremely advantageous to affiliate marketers and brand owners, this new trend towards less traditional advertising tactics is paying off well. In fact: 82% of advertisers and 83% of publishers currently leverage the power of affiliate marketing. What exactly is affiliate marketing?
The core of affiliate marketing revolves around the relationship between the merchant (the company selling products or services) and the affiliate marketer (you, the affiliate marketer). You earn a commission whenever you bring a sale to the merchant's website. Your commission is determined by the cost-per-sale price (CPS) agreed to by both companies. So, what does this all mean for you? Let's break it down!
Merchants and affiliate marketers get paid based on the volume of traffic passing through their affiliate links. Merchants pay a fixed commission on sales generated from affiliate links, while affiliates get paid based on the actual commission earned on sales. Merchants typically pay lower commission rates, but will take longer to start seeing results. Affiliate marketers can take their business to the next level by building massive affiliate programs that bring in thousands of customers on a regular basis. And, in the meantime, you can continue bringing in new affiliate prospects!
Now that you know what affiliate marketing strategies are and why they work, it's time to learn how to effectively promote your links. There are many ways to go about promoting your links, and some methods are more effective than others. Here are a few tips to help you promote your links in the most cost-effective way.
Email Marketing Another one of the top affiliate marketing strategies is email marketing. Email marketing allows you to not only communicate with your audience, but also gives you the opportunity to find new prospects who may be interested in your products or services. If you are promoting a product or service and know very little about it, you might want to start by sending out a simple email to your entire email list asking them if they have heard of the product and if so, what they think of it. You may want to personalize your messages for each contact to make sure that they respond, and then use your sales copy as a guide to follow up with the next step.
Social Media One of the fastest growing methods of promotion is social media, which allows you to interact with your audience and share information with them at the click of a button. If you have the tools, you can easily set up a blog, Facebook page, or Twitter account, which will allow you to interact with and learn from your customers. While social media will not directly earn you a passive income, it does help in giving you a voice and a means to let others know what your affiliate marketing goals are. This will also help you maintain relationships with those customers who have been loyal to you through the years, which is something that every successful affiliate marketer knows is important.
These four affiliate marketing strategies are all excellent ways to market your product or service and to make sure that you stay in touch with your audience. If you want to get the most from your marketing efforts, you should also make sure to implement the tips above. First, stay active in your audience. Second, keep your content fresh and interesting. Finally, make sure that you update your website often to make sure that you are always giving your customers new content. With these basic marketing skills, you will see a significant increase in traffic and sales to your website, as well as more customers that are willing to buy when you offer them great products.
Learn how to create a six-figure per year income working from home in your spare time