Solo ads are a form of advertisement where emails are sent out to an email subscriber list. Of course, this costs money and it is not the most efficient way to promote a product. You can’t know in advance how many of the emails will be opened and many times these email lists are low-quality. You are also not the only one sending emails to that list. Although you can make sales with Solo ads you can also end up losing a lot of money.
Once you have created quality relationships with your affiliate partners and are seeing performance from their efforts, it’s important to keep them engaged. This is a great time to get creative and create campaigns that will not only incentivize affiliates to promote your program, but will also encourage their readers to convert.Here are a few tried and tested tactics that have produced successful results:
Don’t put all your eggs in one basket. If you only promote one merchant’s products, you are stuck with their commissions, their landing pages, and ultimately, their conversion rates. It is important to work with many different merchants in your niche and promote a wide range of products. This affiliate marketing strategy will diversify the amount of commissions you make and create a steady stream of revenue when building an affiliate website.
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It’s great to see performance marketers thinking about the affiliate channel in relation to budget because the same budget challenges apply in all channels. As an affiliate, I used to get angry every time I got an email telling me an affiliate commission was reduced. Nobody likes being told they are getting less per sale, but I started asking why. Often the answers were incredibly fair. The reality is, there are plenty of valid reasons an affiliate commission isn’t a static number.
Find your affiliates and affiliate programs in all the right places --As humans, many of us hope to inherently trust one another. We’d like to believe that someone’s word is good. That a check will cash. That we’ll again see the man who said he’d pay us tomorrow. If you’ve spent even a smidgeon of time working as a freelancer, you know this isn’t always the case. People pay late, if at all. You turn in work, and the source contests it. In order to avoid disappointment and fraud, make sure you are using a legitimate network to find both merchants and affiliates.
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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.