Email marketing has evolved rapidly alongside the technological growth of the 21st century. Prior to this growth, when emails were novelties to the majority of customers, email marketing was not as effective. In 1978, Gary Thuerk of Digital Equipment Corporation (DEC) sent out the first mass email to approximately 400 potential clients via the Advanced Research Projects Agency Network (ARPANET). He claims that this resulted in $13 million worth of sales in DEC products, and highlighted the potential of marketing through mass emails.
No matter how good your marketing skills are, you’ll make less money on a bad product than you will on a valuable one. Take the time to study the demand for a product before promoting it. Make sure to research the seller with care before teaming up. Your time is worth a lot, and you want to be sure you’re spending it on a product that is profitable and a seller you can believe in.
Though the glory days may be behind us, affiliate marketing remains a multi-billion dollar industry and a primary source of income for thousands of successful online entrepreneurs. As the number of merchants embracing affiliate marketing strategies has increased, new opportunities have been created for Web publishers able to build an audience and effectively promote affiliate offers.
It can mean sharing it on your social media profiles. It can mean including a few articles or video in your weekly newsletter that relate to your products. It can mean going on internet forums and replying to individuals whose questions you know how to answer. It can mean writing a guest post that gets your name and website name onto another person’s site, expanding your reach to their network as well.
I think of marketing as a game of darts. You aim your best but if it does not hit the bullseye you get to throw again (until you run out of darts). In marketing, you have a set of assumptions that you are trying to test. Your darts are your strategies/channels. You build experiments to see how well these strategies perform and you get to keep iterating until you run out of $$$.
So you want to really establish a solid relationship with people that are going to referring you business because you could just be guessing. You could be pulling incentives out of a hat and just kind of guessing as to what's going to excite someone, but 30%, even though that may sound good on a commission, that may not excite one of your affiliates.
Of course, there is no prescriptive recipe you can follow that guarantees success. To me, the best marketers are those that can simply build experiments, test assumptions, and iterate over their ideas quickly. Affiliate marketing is really no exception. Here are just a few tips and heuristics I’ve picked up through my experiences that should be helpful!
Don’t go too broad — Earlier, we mentioned that a benefit of affiliate marketing is that affiliates get to choose the products they sell. Because affiliates are building out their brands, they shouldn’t cast their nets too wide. There are affiliate opportunities for everything you can think of: technology, fashion, health, fitness, and even dog training. If you’re trying to get into affiliate marketing, try and stay relatively within a certain niche.
There wouldn’t be an increase in the price of the product. Price of the product remains the same whereas the profit shared is reduced. If the product is sold for 100 bucks and the profit is 20% then the price of the product remains the same. But the profit of 20% doesn’t completely go to the seller. The seller shares the profit with the marketer and both end up earning.
SocialPilot is a social media automation tool which is widely popular among bloggers & entrepreneurs. It helps you in scheduling updates on multiple social-media accounts & also you can automate by auto-publishing using RSS. I have been using them for a while & since the Bufferapp Affiliate program has retired, this is one of the best social media affiliate program available at this time. You can learn more about SocialPilot here.
People join email lists because they have an interest. That makes them good sales targets. A giant high-quality email list guarantees that you can sell for other super affiliates. Imagine if you were a super affiliate and I told you that I have an email list of 50,000 names and 5% bought my $100 e-book last month. 50,000 Readers * 5% Response Rate * $100 Price = $250,000. Would you want access to my email list? Would you be willing to pay a 60% commission if it did not cost you anything? Your email list is your invitation to join a super affiliate clan.
Keeping tabs on what worked and what didn’t will help you decide not only how to strategize in the future, but which brands or vendors to continue doing business with. In the same way freelancers keep books and records of which publishers or editors they enjoyed working with, affiliates have the independence to reroute later on if they don’t end up enjoying certain brands or products.
Awin has expert account management teams dedicated to each market who are immersed in the local industry and can provide unparallelled insights, support and recommendations to grow and mature an affiliate program on the Awin network. Our global and local account management team services, collaborates and cordinates campaigns across multiple markets with a holistic view across the affiliate industry.
Emails triggered by milestones, like anniversaries and birthdays, are fun to get -- who doesn't like to celebrate a special occasion? The beauty of anniversary emails, in particular, is that they don't require subscribers to input any extra data, and they can work for a variety of senders. Plus, the timeframe can be modified based on the business model.