Mistake #5: Promoting a lot of affiliate products instead of just a few. Once you start affiliate marketing, you realize how easy it is to share affiliate links. Instead of becoming an affiliate for a lot of different products and sharing them liberally, I recommend concentrating on just a few and sharing them intentionally. It doesn’t seem as spammy, plus you can be sure the products you do promote are closely aligned with your brand and message. Deep is better than wide.
Affiliate marketing is an area that even the most seasoned bloggers can improve upon. Plus, most bloggers aren't making anywhere near the amount of affiliate income that they should be and are leaving money on the table. If you want to grow your affiliate income, there are numerous tips and strategies that I share in Making Sense of Affiliate Marketing.
I personally prefer to do it that way--you can create a more convincing review that's more likely to make sales. It's not always possible or practical, though; for example, would you break up with your significant other just to test a product for getting your ex back? ;-) In cases like that, or if the product is expensive, it's usually best just to use the vendor's affiliate resources instead.
Also known as a publisher, the affiliate can be either an individual or a company that markets the seller’s product in an appealing way to potential consumers. In other words, the affiliate promotes the product to persuade consumers that it is valuable or beneficial to them and convince them to purchase the product. If the consumer does end up buying the product, the affiliate receives a portion of the revenue made.
Two-tier programs exist in the minority of affiliate programs; most are simply one-tier. Referral programs beyond two-tier resemble multi-level marketing (MLM) or network marketing but are different: Multi-level marketing (MLM) or network marketing associations tend to have more complex commission requirements/qualifications than standard affiliate programs.
"I have followed Michelle’s blog for years. Her blog posts are incredibly informative and never disappoint. Making Sense of Affiliate Marketing is no different. The detailed strategies she shares in her course can help any blogger implement affiliate marketing. Within two days I received my first ever affiliate sale! From then I was hooked. The Mastermind alone is worth the cost of the course and the immediate access to an affiliate marketing expert is priceless! I highly recommend Making Sense of Affiliate Marketing." - McKinzie Bean, Momsmakecents.com
In this course you’ll use the same steps that entrepreneurs and startups use to create and build their businesses. This model will guide you in setting up your own automated income stream from scratch, by promoting products created by others. By the end of the course, you’ll have an affiliate website and a growing list that you can continue to monetize!
What kind of commission do they offer? One-time commissions or recurring commissions? For example, many programs pay you one time for sending a customer. On the other hand, some programs like membership sites or SaaS (software as a service) programs will pay you a commission as long as the person you referred is a paying customer. Recurring commissions are great when you can find them!
Cost per action/sale methods require that referred visitors do more than visit the advertiser's website before the affiliate receives a commission. The advertiser must convert that visitor first. It is in the best interest of the affiliate to send the most closely targeted traffic to the advertiser as possible to increase the chance of a conversion. The risk and loss are shared between the affiliate and the advertiser.
I got a question about the funnel. You were talking about the first page to be a blog page. I interpreted it as having you own blog(website), that should compete with other expert website. I was wondering if the first step of your funnel can be the opt-in page. The blogs that refers to the opt-in page are guestblogposts on expert websites, so multiple ways of traffic and seo. So you are only building an opt-in page, thank you page, landing pages etc on your website, but no blog to become an expert. Is that something you can do? Or is that not Google friendly or most expert websites are against?
After being accepted into an affiliate program, marketers receive a unique URL that includes their affiliate ID. They share that unique URL with their subscribers, site visitors, and social networks via text links or ads. When someone clicks on that link, affiliate software records that click and any resulting product sales in the affiliate’s account. When commissions reach a pre-determined threshold, the affiliate is paid.