New traffic to your site and company is a huge benefit. The affiliate lead will bridge trust between you and the customer which is vital for a consumer to take the next step and buy the product. The customer will more than likely return to the site and spread the information to others about your product.This is a win because the potential customer might not have otherwise had access to the product if had not been advertised and marketed through the affiliate’s website. In addition, with the ever growing and changing market of the internet the company may need to be looking for new affiliates to work with to match their target demographic. So, the method of marketing is constantly growing and adapting to match the current customer.
While these models have diminished in mature e-commerce and online advertising markets they are still prevalent in some more nascent industries. China is one example where Affiliate Marketing does not overtly resemble the same model in the West. With many affiliates being paid a flat "Cost Per Day" with some networks offering Cost Per Click or CPM.
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.
Win-back: An existing customer is soon approaching the end of his yearly subscription. The customer hasn’t used your product in 3 months and you need a way to win them back and keep them for another year. Create a “win back” email that sends an automated email to all customers that are coming to end of their contract with a list of new product features and a short plan on expected releases in the next six months.
From blog installation, to design, content creation and all methods of marketing – I STILL do it all. (Note: Many other affiliate training packages use MY affiliate sites as examples without my permission. That’s because those so-called ‘trainers’ don’t have affiliate sites. They pretend to be working affiliates to take your money, but they don’t have any real experience.)
Overpriced. The Basic Membership is not expensive, but if you want to earn big commissions you will have to spend thousands of dollars buying the rest of their products or at least the Pro Membership. Although the training is good, it only focuses on a couple of marketing strategies. SAN is not a cheap program and no one can guarantee your success.
Kathleen: Oh, that's neat. Yeah, one of the reasons I was really interested to talk with you, is that I haven't really spoken with anyone in depth about affiliate or referral marketing in this podcast. Which, when I started thinking about it, it was kind of surprising to me because what I'm focused on is inbound marketing, which is naturally attracting the right customers as opposed to going out and spamming them and trying to get in front of them.
The founder (Misha Wilson) is a well-known and very successful online marketer that made millions of dollars with affiliate marketing. That is definitely a positive thing because very often we come across similar programs where the owner is either unknown or simply someone pretending to be a successful online marketer. In this case, there is no doubt the founder of SAN is a real person and someone who knows how to create a profitable business online. He also has his own website mishawilson.com where you can read more about him.
No website. SAN won’t teach you how to build a website or how to use a platform like WordPress. They don’t have their own website builder or hosting service. That is perhaps the reason their training focuses more on email marketing and not so much about attracting organic traffic. In my opinion, creating your own website is a must. Otherwise, you can’t really say that you are going to build an online business. You are just creating a sales funnel.
One huge red flag is any company that promises you a “get rich quick” marketing strategy. Although affiliate marketing can be good money, it’s by no means instantaneous. Stay away from anything that sounds too good to be true. Also, stay away from any merchant that wants to charge you startup costs. Additionally, use established affiliate programs to find your merchants. Read reviews and ask around. You’re not the only person trying to supplement income with this marketing strategy, so there are plenty of other professionals with whom to crowdsource.
For the publisher, FlexOffers provides benefits such as a detailed dashboard that visualizes the success of various campaigns. The platform generates reports that update within the hour and offers news updates on what’s happening in the platform. It claims to add nearly 50 new advertiser programs per day, meaning affiliates are never running stale on options to generate income.
Hello, Steven. Nice article. You have hit the nail on the head. I too believe that both old and new marketing needs to compliment each other to get the desired result. I feel that with data from new marketing solution like social media shall be added to old tools like email marketing and direct mailers to make them more efficient and bring real business value. Thanks for highlighting the points.
You might think that super affiliates would not want to help each other, but this is not the case. In fact, super affiliates become super affiliates because they help each other. Jim and Sue will sell Bob’s e-book. Next month Bob and Jim will promote Sue’s software tool. The month after that Bob and Sue will peddle memberships in Jim’s online community. Go through the archives of different super affiliates’ blogs and sign-up for their email newsletters. Watch for who they sell for. Then, follow those people. Soon you will uncover the pattern of cooperation for yourself. Notice too that super affiliate clans tend to share an industry or niche. This ensures that no matter whose product or service they are selling, they will always be selling something that can interest their audience.