When I created a store page and used the Amazon Astore tool to “build my own store” I found it converted terribly. Less than 1% of my total income came from Amazon Astore pages before I stopped using them. If you’re not familiar with Astore’s just take my word for it when I say they suck.
The success of an affiliate marketing strategy depends on how many referrals you’re able to send to merchant sites and how well these referrals convert (hence the bolding of these factors above). The more relevant and appealing the offers you highlight on your site, the higher both your click and conversion rates will likely be. If you’re running a travel blog, you probably don’t want to be featuring affiliate offers for baby products; replacing them with affiliate links to cruise packages would probably result in a higher referral rate.
Affiliate marketing is commonly confused with referral marketing, as both forms marketing use third parties to drive sales to the retailer. The two forms of marketing are differentiated, however, in how they drive sales, where affiliate marketing relies purely on financial motivations, while referral marketing relies more on trust and personal relationships.
Most newbies in affiliate marketing make the mistake of registering with too many affiliate programs and try promoting everything they see. If this is the path you are treading, then it will overwhelm you and you won’t promote the products properly. Take time to understand the needs in the market and search for products that will go well with your site’s topic.
That is to say, Facebook doesn’t want advertisers to get caught up in comparing completion rates across different placements and platforms and dismissing those that fail to deliver. Instead, it wants them to find reasons to spend their money on many placements (all of which Facebook happens to sell) and adopt ways to attribute the views of those placements to conversion events like product sales (which Facebook happens to provide).
Facebook’s 6.3% per-video engagement rate is especially impressive considering the highest engagement rates for top brands on Instagram (as determined from our Instagram Brand & Influencer Engagement Rate Case Study) span from a 1.4% (for Instagram’s top fashion brand channels) to 3.3% (for top Computer & Electronics brands on Instagram).
Applicable strategies: Experiment with a few products or services to find a “core earner” and round out your affiliate offers with a few complementary digital products (ebooks, packaged services, download products, etc.).
If you get THAT clear and believe in some product, go ahead. Your audience trusts your word. But most folks need to use or experience before they can get clear, because they have a fear: the fear of using trust. I am slowly losing that fear but still use what I promote, before I promote it. I also just sell my stuff mainly. Since I have quite a few products and eBooks and services to sell.
I absolutely love your post about Affiliate Marketing for Beginners: How to Make Your First Affiliate Marketing Sale in 7 Steps. Over the years I have found that people put too much emphasis on “how to make more sales” versus teaching techniques as to how a beginner can make their first sale . Understanding how to make that first sale is key.
I have over 20 years professional experience in many positions. I am very hard worker and energetic personality. Recently I am interested making money in online. I am going to start from scratch. Do you think I can success ?
Of course there are other ways to make money besides affiliate marketing, like selling t-shirts, fan funding through YouTube or Patreon, sponsorship, etc. But affiliate marketing is a tried and true way to gain additional income from your YouTube channel.
Action Item: If you know your niche and want to promote a physical product do a quick google search for “product name affiliate program” or “your niche affiliate program” to get an idea of what other options are out there.
When you include an affiliate link in your description be sure to say somewhere that it is an affiliate link. This can be in the form of a disclaimer at the bottom of your video description or as a parenthetical notation right next to the link. Also be sure to say what product it is for. Nobody likes being tricked into landing on iTunes or Amazon when they think they are going to an artist’s fan page or the ultimate zombie survival blog.
Good point about reviewing online courses before you promote them to protect your reputation. However, I would like to point out that the level of attention the course creator gives you (the endorser) and what they give to a random customer might be very different. There are so called marketing gurus out there who are extremely skilled at making false promises and not delivering on them. Once they have the endorsement of a few reputed marketers and some ‘lucky’ customers, they can easily get away with ripping other people off with hyped up money making guarantees. I have had a personal experience with this as a customer, but lets not mention names! The point is, when we are promoting someone, we need to do an in-depth due diligence. Only going through their course is not enough. It would be great if there was some kind of a course review site -something like tripadvisor. This is something that the industry really needs – something to make people accountable. A lot of people are losing faith in these online courses. I am staying away from promoting people unless I am very certain of their integrity.
Today, almost all the products and services have their affiliate programs in which they mention the attractive commission that members are going to earn along with other benefits which the affiliate marketer will receive while promoting the product on their social channels. You just need to apply for these brand’s affiliate program, and they will provide you with the affiliate links for each product of theirs. So, you can easily make money when your viewers click on that link.
Haris nothing is easy, you must have not read what Jafar has mentioned earlier in the post. “The harder the you put your effort more the results you will get” Also you need to be a good writer and know the strategies to start make money through affiliate marketing. I’ve used Amazon associates program and know how t works according investment we do on book reviewing and sharing on social media.
Many publishers would be surprised at the depth of the affiliate marketing industry; it’s a lot more than e-books and amazon affiliates. Commission Junction, one of the largest affiliate networks, has an impressive list of advertiser verticals: