Affiliate marketing refers to the process by which marketers promote a product or company and receive a commission on each sale generated by their marketing. A Mediakix article recently reported that, as of 2016, 81 percent of brands and 84 percent of publishers use affiliate marketing programs. Marketers looking for opportunities in affiliate marketing need to constantly improve their strategies in order to be successful, so we asked experts to share their most successful affiliate marketing approaches.
Anna Lynn Dizon is a staff writer for Fit Small Business, contributing to our sales, marketing, and real estate sections. Her experience in business and finance led her to work for a US risk mitigation company in its regional office in Singapore. Anna holds a degree in accountancy and is currently working towards her master’s in language and literacy education.
Actually Nunya, Jafar’s English is very good, with only a few very minor errors, and far better than most English speakers. It is simply not true that you can “barely read it”, it’s as good as yours. Most Americans, Australians and British I see online have very poor spelling and grammar, and use memorized abbreviations and SMS-speak instead wherever possible. You cannot sound as if you have something to teach people, if it sounds as if you still have to learn basic literacy yourself!
The best way to think about affiliate marketing is quality over quantity. There are a lot of small websites that will promote your product, but the key is finding a small number of partners that will deliver conversions. For example, an equity management services firm has over 20,000 affiliates in its system, but only about 25 affiliates generate 85 percent of revenue.
But I would go even a step further and say it's not just traffic you need, but traffic you can CONVERT into subscribers and sales. After all, if you had a storefront, would it make you rich if you had a flood of people staring in your window? No, it wouldn't. You need prospects to come in and look around and start building a relationship with them, and then eventually they will start buying from you.