Affiliate marketing has grown quickly since its inception. The e-commerce website, viewed as a marketing toy in the early days of the Internet, became an integrated part of the overall business plan and in some cases grew to a bigger business than the existing offline business. According to one report, the total sales amount generated through affiliate networks in 2006 was £2.16 billion in the United Kingdom alone. The estimates were £1.35 billion in sales in 2005. MarketingSherpa's research team estimated that, in 2006, affiliates worldwide earned US$6.5 billion in bounty and commissions from a variety of sources in retail, personal finance, gaming and gambling, travel, telecom, education, publishing, and forms of lead generation other than contextual advertising programs.
It is important for a firm to reach out to consumers and create a two-way communication model, as digital marketing allows consumers to give back feed back to the firm on a community based site or straight directly to the firm via email. Firms should seek this long term communication relationship by using multiple forms of channels and using promotional strategies related to their target consumer as well as word-of mouth marketing.
If you think about it, it makes sense that they should offer you on-going support as an affiliate marketer because every time you sell something they make money too. It is in their interest to help you be good and stay good at it. If a company or marketer does not offer this, you need to ask yourself why. I am not saying that all affiliate marketing opportunities that do not offer on-going support are bad, I am just saying do your due diligence.
“Through our global affiliate network, we empower marketers to engage shoppers across the entire consumer journey. Affiliate success comes down to partnerships — we connect advertisers with publishers to reach new audiences and influence repeat purchases. Our solutions create a holistic strategy that delivers proven incremental revenue and is continually optimized for performance,” its website reads.
If you’re promising something to your audience and customers, it’s important to fulfill on that promise as soon as possible. Even before the launch ended, I already had customers coming into the Facebook group I had created for this group of students and gearing them up for the five days of live streaming I was going to do with them so we could go through the course, together.
Michael’s video series is always very strong. It’s one thing he excels at very well. This is the opportunity for people to get to know Michael and the man behind the mission (and the solution that’s coming). Promoting this was important for adding trust, so I added small CTAs in existing emails to seed the idea of the course and begin feeding the more interested parties into the video series:
After the product listing for your course is submitted and approved, it is placed in the marketplace and will be live and available for publishers to begin promoting. The rest is really almost entirely handled by the marketplace. They will record visits from your affiliates, track any conversions (sales), provide reporting, and at the end of each month they’ll pay you for your percentage of each sale and pay the affiliate for their share. It’s pretty darn simple actually.
While Google has been the key driver of organic traffic and sales for affiliate marketers over the years, most now realize and understand the importance of Email Marketing in this business. Without a good email marketing strategy, relying on just Google is not the best strategy according to masters of the trade. That’s why we feature this all important course created by Bryan Guerra in this list. Having taught more than 80,000 students online, Bryan is the best guy to spill the beans on this subject. Let us find out what his course is all about.
Online marketing is the practice of leveraging web-based channels to spread a message about a company’s brand, products, or services to its potential customers. The methods and techniques used for online marketing include email, social media, display advertising, search engine optimization, and more. The objective of marketing is to reach potential customers through the channels where they spend time reading, searching, shopping, or socializing online.
Affiliate networks play an important role in the relationship between affiliates and merchants. They are the meeting point, which is why most affiliates and merchants will be a member of at least one of them. This chapter focuses on what affiliate networks are and how they work, with the process being explained for both affiliates and merchants. The chapter concludes with five popular affiliate networks in the industry at this moment with most prominent features and benefits highlighted for each of them.
Websites and services based on Web 2.0 concepts—blogging and interactive online communities, for example—have impacted the affiliate marketing world as well. These platforms allow improved communication between merchants and affiliates. Web 2.0 platforms have also opened affiliate marketing channels to personal bloggers, writers, and independent website owners. Contextual ads allow publishers with lower levels of web traffic to place affiliate ads on websites.