3. Do not forget about the mobile users. A lot of focus is placed on websites and the web traffic, but in recent years more and more people have turned to using their phones as their primary internet tool. When doing marketing, all of the techniques implemented should also include mobile friendly views for those that use their phones which means reaching a wider audience and gaining more traffic and clicks, which in turn means more revenue.
Some merchants run their own (in-house) affiliate programs using dedicated software, while others use third-party intermediaries to track traffic or sales that are referred from affiliates. There are two different types of affiliate management methods used by merchants: standalone software or hosted services, typically called affiliate networks. Payouts to affiliates or publishers can be made by the networks on behalf of the merchant, by the network, consolidated across all merchants where the publisher has a relationship with and earned commissions or directly by the merchant itself.
Taking part in affiliate marketing will force you to examine your blog’s conversion rates. Let’s say you are promoting a specific product via affiliate links on a landing page. If you currently get 1,000 visits/month at a 3% conversion rate, you have 30 referrals. To get to 60 referrals, you either have to get 1,000 more visitors to the page with blogging, SEO efforts, paid traffic or social media marketing. Or you could simply increase the conversion rate to 6%.
2. Never rely on a single traffic source. Always expect the unexpected when it comes to marketing. Don’t put all of your eggs in one basket, as the old saying goes. Master one source and then move to the next. Trying to become an affiliate marketer is tedious and you will probably start with just one main traffic source such as search engines, but over time, you will want to diversify as much as possible.
Becoming a member of Wealthy AffiliateIt is a good first step in achieving success earned through online marketing. At Wealthy Affiliate they offer an Affiliate Marketing Guide that explains exactly how affiliate marketing works, as well as what needs to be avoided on the journey to recurring revenue. Even if you don’t want to pay for anything, you can join their introductory package and it still provides quite a bit of useful training.
Hi Kal, thanks for your comment. I am not sure what happened to those people whom you mentioned in the comment. Are they alright? I guess, as the writer I am at liberty to include marketers whom I like or have interacted with. For this post I have included only those marketers with whom I have some level of interaction. Harsh for example wanted to hire me for his blog. I have known Matthew Woodward since the time he started his award winning blog and so on.People like Frank Kern are so busy that they won’t even notice if I have written about them and they don’t actively blog too, I guess.
They are usually the final element of the whole strategy, focused on providing an in-depth explanation of a problem and suggesting ways to solve it. Affiliate marketing professionals call it: a presale content. This is what you should focus your efforts on. Make your content as genuine and insightful as possible and then use various promo channels and techniques to promote it.
The best way to think about affiliate marketing is quality over quantity. There are a lot of small websites that will promote your product, but the key is finding a small number of partners that will deliver conversions. For example, an equity management services firm has over 20,000 affiliates in its system, but only about 25 affiliates generate 85 percent of revenue.
Tara Banda is a brand-builder, copywriter, and social media marketer in Dallas, TX. She has worked with businesses of all sizes — from Fortune 500 companies to local non-profits to startups — to define their voice, promote their brand online through digital marketing, and build lasting relationships with fans and advocates. Tara is a currently a Content Marketing Manager at ReachLocal. In her spare time, she is obsessed with learning recipes for international cuisines. You can learn more about her on LinkedIn or Twitter.