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Affiliate marketing also is a very broad term; under this umbrella there are several different strategies that can be employed to generate affiliate revenue. The most appropriate and lucrative method (or methods) can depend on a number of factors, including your site’s niche and characteristics of your audience. Below is an overview of some of the most popular affiliate marketing implementations, along with examples of each. Click here to read more about the proven affiliate marketing strategies.
Several years into starting the company, we decided to take a step back, because, I'm not sure if you're familiar with the whole life cycle development projects of when you're developing a website and then a web based application, it's a lot of work and it's a lot of interaction, a lot of back and forth that you have to have with the customers, and at that time it was really early in the days of the internet and a lot of businesses didn't really understand what it took to put these types of web applications together and were trying to nickel and dime us around every corner.
Under most affiliate marketing arrangements, advertisers only pay for converted leads. There is basically no way they can lose money or get a negative ROI with this marketing method. Each new sale generated may have a thin margin after the affiliate payment is made, but it’s possible to structure in such a way that eliminates the possibility of a loss.
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Most businesses require startup fees as well as a cash flow to finance the products being sold. However, affiliate marketing can be done at a low cost, meaning you can get started quickly and without much hassle. There are no affiliate program fees to worry about and no need to create a product. Beginning this line of work is relatively straightforward.
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!
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.
You will notice that they reference the product, and there are links to both Amazon and Best Buy. Here is where things get interesting! These are not just ordinary links. These are affiliate links. When these links are clicked and a user makes a purchase on Amazon’s or Best Buy’s website, 9To5toys makes a specified amount of commission based on their affiliate agreement with the merchant (in this case, Amazon or Best Buy).
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.