7 Ways to Maximize Your Affiliate Marketing Program ROI

So what is Affiliate Marketing?

Affiliate marketing is a mutually beneficial business partnership between a merchant and a website publisher/owner whereby an affiliate is compensated (commission per sale) for every visitor or client provided through his/her effort. In other words, Affiliate marketing is simple and a quick way to offer products and services without creating them yourself.

“By introducing your customers to products or services from other companies or individuals and get a commission on any sales is Affiliate Marketing.”

Affiliate marketing is not an easy task for the marketers to market the affiliate products successfully. But it’s also not as difficult as most of the affiliate marketers typically earn well over six figures a month.The most important for every marketer is to build trust and relationship with the audience and consistently invest the time and effort.

While traffic sources are a significant factor in affiliate marketing success, the relevancy of the traffic is applied for all digital marketing and sales personnel. The key traffic sources can be SEO, social networks, blogging, email marketing, etc.

Digital products pay higher commissions than physical products as it requires least investment and effort to produce and distribute them. You can offer digital downloads to your readers like eBooks, audio/video files, software’s, etc., without any additional overhead cost of production or distribution. You can also provide online, hosted and professional services for your local audiences.

What are the advantages of Affiliate Marketing?

Many online advertisers are looking for cost-effective ways to drive-in web traffic and secure their expenses. So, Affiliate Marketing has several advantages like:

  • Drives-in large volume of web traffic
  • Helps you reach new customers
  • Builds relationship with your audiences
  • Gains a wider market place to sell products
  • Can sell the products directly
  • Track and monitor the customer behavior
  • Easy to implement
  • Low effort and low risk
  • Doable by a single person
  • Affiliate marketing campaign

In 2017, affiliate marketing has expanded into a multi-billion dollar industry. Marketers around the world are using it as an effective marketing campaign. It’s the right time to take action to grow your business and make money with affiliate marketing.

There are some important tips to make your marketing strategy more effective that would gain you more revenue with less investment.

Here are seven ways to maximize your perfect affiliate marketing program this year.

  1. Identify your audience goals

    The first step for every marketer is to know their audience’s goals, interests, behaviors, etc. By understanding your audience’s goals, you can find the products that will make them engaged or they want to achieve.

  • List your audiences emails and blog post comments
  • Send them emails and ask about their problems promptly
  • Look for solutions in public places like online forum sites to understand and assess the discussions on your topic.

  1. Reach your audience goals

After identifying a desirable goal, you can gather some points to engage your readers and their needs for a specific product. It helps to coordinate your online marketing strategy.

  • Define your audience objectives
  • Select and find your target audience
  • Choose the right kind of platform that appeals to different audiences

  1. Determine the tools and resources

    There are several tools and resources that you can use to set up affiliate program partners and collect commissions. Some of the blogging and affiliate marketing tools can be used to sell your work and grow large audiences.

  • Collect emails to connect with your audience
  • Introduce your product or services
  • Find specific groups and list all the products that would help your audiences.?

  1. Select a product to promote

    Research for the best products that have affiliate programs and also meet your audience requirements. It’s easy to promote those products that you know so that you can evaluate various issues from the user’s point of view.

  • Promote a well-reviewed product
  • Connect with the influencers to sell their products
  • Get products through affiliate network?
  1. Setup and manage your affiliate program

    Affiliate programs are an opportunity for you to get hundreds, even thousands of web sites all driving traffic to your site and making sales for you. It is based on your overall marketing strategy where you can setup affiliate program, manage and track the sales performance and more.

  • Analyze your competitors
  • Have a product that delivers promises
  • Provide affiliates with text links, banners, emails, articles, etc.
  • Track the sales?
  1. Promote your product

    The fastest way to get quick results is to start promoting other people’s products in return for a commission. There are several affiliate marketing promotional methods like PPC, SEO, coupon, Content, Social media, etc., that can be used for promoting your product.

  • Add affiliate links to blogs, eBooks, etc.
  • Create and promote custom content (write reviews, guest posts, etc.)
  • Craft promotional emails for other users?
  1. Create an affiliate disclaimer page

    Creating an affiliate disclaimer page on your website allows you to handle the commissions from products and services. So wherever you share an affiliate link, whether it’s in web pages, blog posts or emails, let your readers know that you stand to earn a small commission.

  • The disclaimer must appear on any page
  • Must be mentioned that you receive compensation for any review or rating on your product
  • Disclaimer should be immediately evident to a typical visitor who views a review or rating on your site

Conclusion

Affiliate marketing is one of the best methods to start earning an income by promoting other people’s or company’s products. Simply identify the audience needs to reach their goals, and you can get started with affiliate marketing program. It can be a profitable venture as long as you put your effort into growing your business and solving people’s problems.

10 Services You Can Expect From a Reputed Digital Marketing Company

When you select the best SEO Company to handle your digital marketing strategies, it needs to be well experienced in all aspects of this very competitive environment, especially if they are to deliver you the goods, at the end of the day.

Innovative digital marketing

The digital media industry is always on the lookout to bring in new technology and with it technologically advanced personal communication equipment like smartphones, iPod, tablets, notebooks and other hardware.

Social media marketing

Social media marketing circles encompass a very wide spectrum of social communication networks, among which the most prolifically used are Facebook, Twitter, and other similar platforms.

These social networks integrate millions of search engine or internet users who engage in social activities at the different levels of society, but generally with common goals.

Inroads into social circles

Marketing professionals endure to take their brands into these social circles using many mediums and one used frequently is by employing effective email marketing strategies.

Ethical marketing policies

Ethics in marketing is paramount and similarly since email marketing is a very personalized medium the strategy must maintain high ethical limits which the best SEO Company should endeavor to uphold.

Aggressive marketing strategies

The SEO service provider you select must follow aggressive marketing strategies in order to help you experience proven results in the long run.

Referrals as a major tool

It is a well-documented fact referrals are an important segment in marketing, whether traditional or digital. It has been found that 70-80% of purchasing decisions are made based on referrals.

This is very much so within selected social circles and it is to take advantage of this phenomenon that email marketing has become a very effective tool in digital marketing.

Employing email marketing

The SEO company that you select would have the required databases to help you to bring the required digital marketing messages through their email marketing and other strategies employed.

Planning email strategies

Email strategies like any other marketing initiatives have to be well planned, initiated and conducted to bring the required results. Monitoring it regularly and revising it if the need be is the prerogative of the SEO service provider which would work for your brand.

Implementing effective strategies

Every marketing strategy should be qualitative and meet the set objectives of the brand. The target audience should be carefully selected and the campaign carried out. Targeting the selected audience and consistently making inroads is sure to bring results if not in the short term, could in the medium and long-term. This would primarily depend on the campaign that was carried out.

Monitoring campaigns

The advantage in digital marketing is that every campaign can be closely monitored and the behavior patterns studied for deficiencies and if so corrective measures taken immediately.

Top 3 Reasons Small Businesses Fail at Marketing

I often speak to groups of small business owners and I keep hearing the same comment over and over again with many of them saying that marketers don’t matter or marketing doesn’t matter anymore.

There are many reasons I’ve heard as to why marketing doesn’t matter: “all my business comes by referral,” “I never spent money on marketing and my business grew,” “marketing is a waste of money,” “I see no value in marketing,” “marketing is all luck so why spend money on it,” and so on.

Oh, how they are so very wrong! Below are the top 3 reasons why:

1. Their definition of marketing is wrong

When business owners tell me that marketing doesn’t matter, they usually have a totally different understanding of what marketing is than those who recognise how marketing contributes to business goals where it enables you to charge the most money you can for your services and products.

Marketing is first about spending time building a solid foundation based on strategy before proposing a series of tactics aimed at lifting sales. Until the business finds a way to change the context of how their ideal customer views what they do, and then becomes become the obvious choice provider, they’ll find that their marketing efforts never seem to build momentum or gain any return on investment.

You must be able to enter the conversation taking place in the head of your customers. Or, to look at it in a different way, to be able to address the number one question on your customer’s mind at exactly the right time.

So, how do you do this? The conversation that is taking place in every prospective customer’s mind revolves around two major points. There is a problem they have, and that they don’t want… and there is a result that they want, and they don’t have.

Those who often misunderstand marketing believe that it is only about advertising campaigns, brochures, flyers, website, email marketing, SEO, tradeshows, social media, copy, etc. These are the tactics – the way you implement your marketing. I’d argue that marketing is essentially the core of business strategy because it is about understanding the current customer, tapping into their fears, their goals and their aspirations and then creating products and services that the ideal customer is willing to buy from a brand they now they know, like and trust.

2. They believe either they or their co-worker can do it

Sometimes in the “do it all yourself” world of small business (or even big business when it comes to it), it’s difficult to identify the areas that require outside help. A business may be able to set up their newsletter, add plugins to WordPress, write a Facebook or LinkedIn post, and clumsily create header graphics, but you need somebody who is trained, practiced, and skilled at looking strategically and holistically at the marketplace, understanding the customer, and then creating unique opportunities based on this understanding.

Just think about it for a minute; just because you have a calculator and excel does that mean you are an accountant? If you have a ruler, pencil and have watched some episodes of Grand Designs – does that make you an architect? If you post regularly to your friends on Facebook and Instagram – does that mean you are a social media expert?

So why do small businesses believe that by buying a Mac and some software they will become a designer, marketer and communications expert?

It needs to be led by a strategic marketer who can then develop an integrated marketing approach. Can you or your co-worker do this? In some cases, you can. But those who can are most likely to either come from marketing or consulting backgrounds where they have transferable skills and experience defining AND delivering against a growth strategy.

If you are a small business, you need somebody who will have a very solid, process, streamlined, consistent, repeatable approach. First, they will research and learn about your company in great depth, the dynamics of the marketplace and identify shifts, trends, and changes. From there, the strategic marketer will be able to present the different elements of your marketing plan in logical order of how you should construct them, update them, or revise them; and identify the key areas you should be focusing on – be it generating leads, converting leads, increasing transactions right down to changing prices.

3. They hire the wrong marketing help

There is a huge misunderstanding around marketing strategy, marketing tactics, and marketing execution.

There is a difference between being strategically capable, creatively capable and executionally capable.

Small business owners don’t hire a strategic marketing coach/firm to develop creative graphics and headers; nor should you hire an advertising/graphic design agency to handle marketing strategy. A small business doesn’t need to hire a consultant or a firm who is a strong marketing executor when their biggest need is a strategy for sustainable growth. You may get more attention, but not the best results.