Also known as a publisher, the affiliate can be either an individual or a company that markets the seller’s product in an appealing way to potential consumers. In other words, the affiliate promotes the product to persuade consumers that it is valuable or beneficial to them and convince them to purchase the product. If the consumer does end up buying the product, the affiliate receives a portion of the revenue made.
You will need to spend time looking into what is being offered, what it claims to do for you or give you and what evidence is provided to back this up. Although it has improved massively; affiliate marketing still has quite a poor reputation and is considered by many to be one giant scam. There is a valid reason for this which is that in the past it has been full of crooks offering you the world and not delivering once you have parted with your money. As I have said this has improved massively but there are still some scammy and unethical marketers out there who are only too happy to take your money and provide you with rubbish in return.
It’s simple, you build a list and then at any given time you can email your subscribers a product launch and cash in. For me it literally is the closest thing to printing money. I have friends who travel the world and live off just emailing promotions to their list. A lot of people don’t mind being send promotions, heck if I minded, I wouldn’t be on half the lists I’m on. If you want more information on list building, check this post out!
You’ve launched an amazing product or service. Now what? Now, you need to get the word out. When done well, good PR can be much more effective and less expensive than advertising. Regardless of whether you want to hire a fancy agency or awesome consultant, make sure that you know what you’re doing and what types of ROI to expect. Relationships are the heart and soul of PR. This chapter will teach you how to ignore the noise and focus on substantive, measurable results.
In terms of sales, 33 percent of participants drove a sale. When we see 10 percent of a client’s affiliate base driving sales on a regular basis, we consider that a healthy, well-managed affiliate program. To see 33 percent of a select group of affiliates driving sales tells us that this promotion works. Further, of the participants that drove sales, 25 percent of them drove their first sale ever within the program.
In 2004, Murphy launched an affiliate marketing program on the ShareASale platform with the goal of developing a diversified revenue stream for her business. At the time, the majority of her web traffic was coming in through search engines. As of 2012, the company still relies on search engines, but they have developed additional (healthy) revenue streams.
Unfortunately, the 2Checkout dashboard is a bit limited in scope, making it difficult to get any metrics on conversion rates or even sorting by commission payouts. The workaround is to go to the Avangate store, which does list their best-selling products, and then search for these on the affiliate dashboard. That being said, 2Checkout does offer products from more than 4,000 different vendors, making it the leading affiliate network for software and digital products.
In November 1994, CDNow launched its BuyWeb program. CDNow had the idea that music-oriented websites could review or list albums on their pages that their visitors might be interested in purchasing. These websites could also offer a link that would take visitors directly to CDNow to purchase the albums. The idea for remote purchasing originally arose from conversations with music label Geffen Records in the fall of 1994. The management at Geffen wanted to sell its artists' CD's directly from its website but did not want to implement this capability itself. Geffen asked CDNow if it could design a program where CDNow would handle the order fulfillment. Geffen realized that CDNow could link directly from the artist on its website to Geffen's website, bypassing the CDNow home page and going directly to an artist's music page.