According to most bloggers, “One of the simplest ways of making huge money online is through affiliate marketing.” You don’t need a website, no product, and not having to deal with the headache of customer service issues.
It sounds amazing! But it’s really like that, or there’s a different side to it? A side that is rarely revealed by any affiliate marketers out there making thousands of dollars every month.
If you’re even a little bit familiar with affiliate marketing, you would have a general idea about the struggle you’d go through to get the first sale. You & I both know very well how hard it was, and it’s going to be to make those thousands of dollars as affiliate commissions, but that’s where the secret is hidden. Once we’re able to crack it up – affiliate marketing becomes one of the most effective and lucrative businesses with tons of profit in it.
As an affiliate marketer, your goal is always to increase the conversions to earn more commission. With thousands of products being launch every day, it’s crucial to know what to do and how to do it?
If you want your affiliate marketing commission to take off overnight, these 4 affiliate marketing strategies, you need to consider seriously and execute them effectively!
You don’t need to be a detective; you don’t even need to have skills like sherlock, all you need to know is how to find the right answers for the questions you’ve regarding the product you are thinking to promote.
It sounds pretty easy! But actually, it’s a tedious work, where you’ve to go through tons of articles, videos, reviews to figure out the right product that will give you the maximum paycheck in the shortest possible time.
The most significant factor that you need to consider when doing the research is how effective the product is and the commission structure, because in the end, you’d not want to get paid less for your effort.
Go through the commission structure thoroughly to be assured that it pays well and on time. Try to get a product that helps your target audience and other affiliates are making a good amount of profit by promoting the same product.
I’ve always believed in this simple formula of success, “When you’ve discovered a method that works for others, why waste your effort in discovering a new method when you can just work on replicating it.“
If you have even the slightest doubt regarding the product, try your best to find an answer for it; if in any case, you can’t, it’s the perfect time to reconsider a new product.
You’re not going to be the only one promoting that product; there would be tons of other affiliate marketers promoting the same product. How would you get more sales & make higher profits?
Simple! You’ve to be different. You need to set yourself apart by establishing your unique USP (Unique Selling Proposition). Set yourself as that you are helping people with the product, and providing little something extra with the product for FREE will help you attract more attention.
Write a credible & trustworthy story about the product you’re promoting, and give it away as an incentive to the potential buyers, you can take it a notch up by adding personal video explaining why you need this? This simple affiliate marketing strategy would help you build higher credibility and an extra factor that influence the buying decision of your audience.
Give information that’s not only free but useful. When you do this, if what you give away for free is good, people naturally expect a great deal more from the bought product. Make recommendations about the product within the report if you can, and try to give just enough information to make people need the actual product.
Do intensive research to find the right product that you’ve understood about, and that pays well. Once you have the right product, write a story, report where you give just enough information to make people buy the actual product.
NEVER SHY AWAY FROM ASKING
Before you jump in the game, be certain that all your doubts are clear, you understand everything related to the product and the potential issues that you might face in the future while promoting the affiliate offer. If you end up promoting an offer in haste without actually getting clarity on it, you would lose lots of profit and end up wasting lots of your money.
I always suggest to people, get all your doubts cleared before you take part in the game. You can draft a mail with all your questions and reach out to the merchant and ask him to respond to them at his convenience.
Remember, there’s no harm in asking.
BE A GENTLEMAN – GIVE A FREE GIFT
When you’re satisfied with your research, you understand clearly what product you want to promote, and who you are going to promote it! The more precise you are about these two things, the better your odds are for generating a great number of affiliate commissions and get close to being a super affiliate marketer.
But the question remains – What you should do after you understand your product & target audience?
The answer is simple – Connect with the audience and reward them with something for FREE as an intro gift to establish a communication channel. If what you’re providing is relevant, helpful, and solving a problem for them then they would happily leave their email address with you in exchange for the FREEBIE, which later on you can use to establish a relationship with the person.
Remember, once you’ve someone’s e email address, you can use thousand of compelling ways to approach him/her to sell your product in the most efficient way.
When you’re giving away free reports or ebooks, be sure to ask for their name and email address. Very few people make a buying decision on their first email or landing page.
This is where email marketing becomes a crucial thing to know if you want to scale up your affiliate earnings to six-figure or maybe to an eight-figure amount. With the help of email marketing tools like Aweber, Mailchimp, you can set up automated email sequences and follow up emails to the prospects. Every mail that you send would help you establish credibility, and entice the prospect to buy your product.
WARNING: You’ve to be very careful with what you send to your email list because you can’t just keep sending them promotional stuff. You’re not a sale person – Your role is to help the prospect solve a problem, and that’s what you should focus your emails.
The fundamental of email marketing is just like dating. It involves 5 steps:
- The Meet (Your prospect visit your landing page or blog)
- The Introduction ( The landing page provides the introduction for you & your product.)
- The Spark & Click ( The prospect likes what your landing page is offering, and ends up subscribing to your list.)
- The Follow Up Date ( You help & build your relationship with the prospect through emails.)
- The Wedding ( You earn enough trust and credibility in the prospect’s eye that he/she decides to buy your product.)
You’ve to focus on helping your prospect with the stories you share and then tie those stories creatively to your product. We affiliate marketers like to call it a FUNNEL.
You can learn more about how you can set up an affiliate marketing funnel here.
FOCUS ON MARKETING & ADVERTISING
It was never a secret that the successful affiliate marketers make their most of the profits by advertising the affiliate offers effectively. You don’t have to waste your time figuring out how you can get more conversions, in reality, you should be focusing on how you can laser target your audience and optimize your ads for more profitability.
PPC, CPA, and CPM there are like tons of advertising platform that you can choose from to start promoting your affiliate offer effectively. Most of the affiliate marketers use Google Adwords, Facebook, Instagram, and other well-known advertising platforms. But, you always have an option to look around and research the smaller platers, who offer cheaper rates to a smaller audience set. There are platforms like PopCash, Zeropark, and PropellerAds to name just three, though there are thousands of them out there.
Solo Ads can also give you a high and swift return on your investment, with your ads being broadcasted to a highly targeted set of audience (list members).
And always track your spending and advertising campaigns. If you don’t know who’s clicking what, and who’s buying your product, and why are they buying, you’ll never be able to scale your profitability.
I’d not say that affiliate marketing is easy, but once you have a system, a funnel in place, all you’ve to do is work on optimizing and scaling it.
How do you get that system for yourself?
It’s simple to find an affiliate marketer who is doing well and do thorough research on him, haunt him everywhere, figure out everything that you can about how he is generating so much money through the affiliate marketing!
If you’re courageous, just draft a mail to him and see what he has to say! Most affiliate marketers help each other to grow and scale!
But remember the funnel of being a successful affiliate marketer is always going to be the same.
- INVESTIGATE – Which offers you need to promote, and why it’s best suited for you.
- ASK – Get your doubts and questions clear before you take part in the affiliate marketing game.
- GIVE A GIFT TO BUILD A LIST – Focus on growing your email list by helping your audience
- ADVERTISE & MARKET – Now you are certain about which product you want to promote, all that is left to do is set up some advertising campaigns and track their results to optimize and scale your profits.
How do you scale your affiliate marketing profits?