I have been researching Affiliate Marketing for a while now, but I got confused each time I read new article on the subject. I was hoping to get more confused when I started reading this write up, but instead it explained to me in clear terms, the meaning of Affiliate Marketing. I can say that the foundation for leaning the subject has just been laid in my mind.
To those on the outside, affiliate marketing can seem like a black box. It’s inner workings are mysterious to most marketers and in many companies it’s not treated with the same seriousness as other channels. Some marketers, only familiar with the bad reputation acquired by some industry players in the 2000s, deride it as a source of spam and little more.
Affiliates discussed the issues in Internet forums and began to organize their efforts. They believed that the best way to address the problem was to discourage merchants from advertising via adware. Merchants that were either indifferent to or supportive of adware were exposed by affiliates, thus damaging those merchants' reputations and tarnishing their affiliate marketing efforts. Many affiliates either terminated the use of such merchants or switched to a competitor's affiliate program. Eventually, affiliate networks were also forced by merchants and affiliates to take a stand and ban certain adware publishers from their network. The result was Code of Conduct by Commission Junction/beFree and Performics, LinkShare's Anti-Predatory Advertising Addendum, and ShareASale's complete ban of software applications as a medium for affiliates to promote advertiser offers. Regardless of the progress made, adware continues to be an issue, as demonstrated by the class action lawsuit against ValueClick and its daughter company Commission Junction filed on April 20, 2007.
Take advantage of affiliate program freebies when available. Many affiliate programs provide free printables, guides, webinars or other lead magnets designed to get potential customers in their sales funnel. As an affiliate, you can share these freebies with your audience using your affiliate link so if they eventually make a purchase, you’ll earn a commission, but if they don’t they still get value upfront.
Your first step is actually to go to your own site to get an idea of what types of people tend to visit your site and read your content. For example at Quick Sprout, we obviously have a lot of entrepreneurs, a lot of small business owners, a lot of bloggers, a lot of social media professionals that tend to visit Quick Sprout most often. It’s just a good idea to go to your site and just think of the type of people that visit it, because that’s going to guide you when choosing your Clickbank products. Once you’ve done that, your next step is to create a simple but effective spreadsheet just to keep track of all the products that you’ll be looking at.
Tremendeous free teaching, that helps clear the smoke on what it takes to get an online business going. BUT, you concentrated on click bank and said nothing about getting my web site going and all the necessary details. I always thought the web site as a business sign telling people that xyz is open for business, check it out! Otherwise, people would walk and not even knowing that your biz is open. True?
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.
When there are multiple affiliates involved in one transaction, payment gets much more complicated. Sometimes it’s even possible for affiliates to jump in at the last minute and claim commissions for customers brought in by other affiliates. Successful programs use multi-channel attribution to ensure the affiliates that create the most value get paid the most.
Be sure to check what kind of customer support you can expect from your affiliate program once you have signed up. Do your research online and if possible, speak to other sellers using the program to get their thoughts. Can you speak to someone via phone or Skype or do you have to wait 72 hours for email responses? Be clear on this because trust me, you will need support at one point or another.
#2. Site Build It - Site Build It is my second choice for learning how to create an online business. The training is very good and you get one website with hosting included. There is no free option, which is one of the reasons that it is not my first choice. I started here back in 2007 and the education that I received was very valuable and helped me to achieve a great level of success.
If you are an affiliate looking to monetize your online presence with affiliate marketing, this section of the course will help you with affiliate program suggestions, which include Amazon affiliate program, eBay affiliate program, etc. For each program, you will see highlights regarding the perks they provide (such as cookie life, commission percent, etc.).
4. Zero Entitlement – This has been the death of many potentially successful marketers on the internet. Affiliate marketing is no get rich quick scheme — it’s a business that requires dedication, effort and hard work. If you feel entitled to earn money because you placed a few ads or you followed a guide and are expecting instant or guaranteed returns, you will be killed! Failure is just a lesson learnt and a step closer to success.