I once persuaded my mum to buy all my Christmas presents using my affiliate links on Amazon, and then found out that Amazon won’t pay out to anyone with the same surname as you (as they assume them to be family; luckily I have an unusual surname!) or anyone who lives at the same address. However one of my friends has ordered through one of my affiliate links and the commission has tracked for that. It’s my ONLY commission, mind. And my account hasn’t been shut down yet (touch wood, fingers crossed etc etc…)
The following stats speak volumes. As much as 8 mln business profiles and over 1 mln advertisers are currently registered with Instagram. Businesses take the solution seriously as it has one of the highest engagement rates among the social platforms. It outranks Twitter, LinkedIn, Snapchat and any other popular social networks, ranking #2 right below Facebook. With that said, if you want to keep up with the pace of the times you should harness the power of Instagram marketing, the sooner the better.
I’ve had an experience with Clickbank some years ago where I earned money from a small number of recurring commissions over time with an affiliate promotion. If I remember correctly Clickbank wouldn’t let me withdraw funds because they were below their minimum payout level, and they kept charging me for keeping hold of my balance; therefore I ended up never accumulating enough money and losing the lot to the tune of over $200. I was furious and have steered clear of Clickbank ever since.
As you might already know, Instagram has made it possible and easy to switch between your personal and business accounts. Setting up a business profile has a number of advantages. It allows you to get access to real-time analytics and view the engagement metrics on particular posts. Users, in turn, can reach out to you by tapping the Contact button and taking a specific action afterwards, like making a call or sending you an email. In 2016, Instagram rolled out a new option for business accounts – Instagram for Business. It’s a great way to put the promoted product in front of your target audience in a few simple steps. Upgrade your business profile to Instagram for Business. Create a compelling, eye-catching post featuring the product. Select the target audience, budget, promotional content, CTA, and duration of the promotion. Once it’s done, you will see the button “Promote” under your post and be able to start running your ad on Instagram!
If you think about the shares you see on Facebook and Twitter, they often have a “newsy” component to them. So I like to give our affiliates the inside scoop on what’s new, and update our social sharing content at the same time so that they have something unique to share (and our commission-based public relations team hits the social media streets on our behalf!)
Wow. Thank you for parting the mists of the mystery of affiliate marketing. I was drowning in vagueness and confusion for a few weeks there and now I feel like I have enough information to at least create a strategy around when I might want to start. I had no idea that it was so country-specific, which is important because I get just as many hits from European countries as I do the U.S.
Is said to have paid out about $1 billion to their publishers which makes them one of the best affiliate programs you can join in. If you love a wide variety of products, websites and brands then this is the site to explore. They are also known for their high approval rate which allows you to earn a good amount of different products. Check out their site and see how you can do just that!
Excellent list. Shareasale has been my best performing from the list. Another strategy I’ve used is to contact individual companies and ask about their affiliate programs. Some companies run in-house affiliate programs, which means they have a select few affiliates that they work with. Such companies can be quite profitable to work with as you’ll be competing with way less affiliates.
That being said, LinkConnector’s platform looks and feels outdated and is rather clumsily designed. Their dashboard also makes it difficult to find “hot” products or compare conversion rates, leaving affiliates somewhat in the dark about which products to choose. Ironically, despite their low-quality website, they offer some of the best customer service in the affiliate space.
Once you have built up your email list, you can start promoting offers via email. And when I say “built up” I mean one person will do! Get used to sending emails to your readers, and make sure you create a relationship with them before you start to promote offers. You don’t want to come across like that person that only cares about making a sale! Be genuine, share tips and only promote when there is an honest offer that will fit your audience.
Review: Since Refersion charges based on the quantity of affiliate sales processed in a given month, I recommend them for medium/higher ticket item stores, or stores with an average checkout of $30-$60 or higher. At that level, their fee structure becomes very attractive because you're only paying incrementally for sales, and not for traffic, whereas many other apps charge based on the number of visits regardless of where they originate from. Whereas if you're a high volume low ticket store, you might prefer paying for traffic and getting unlimited sales.
While affiliate marketing is nothing new in principle, it is fairly new to the world of Instagram. In many ways, the pairing is a match made in heaven. Instagram followers are more likely to engage with branded content than other social media users. Instagram celebrities from Kim Kardashian to the Beauty Boys have garnered millions of loyal followers thanks to influencer strategies that tell consistently compelling stories.
Agreed Anna. Way too many people unfortunately get swayed too easily by the grand promises of many affiliate marketers that claim they make millions easily and how easy it is. In reality, it is not at all easy and definitely requires a good deal of work, correct decisions every step of the way and some luck also, to make good money. It is important for each person to find what methods work best for them and go at it that way.
Wonderful course. Completely takes the guess work and mystery out of setting up a Shopify Affiliate Store. Tim Sharp is knowledgeable, engaging and enthusiastic. He is truly a natural teacher. And the fact he shares SO much detailed information, without subliminally selling alternate personal products, means he really wants us - his virtual students - to succeed. Not only do I recommend, I would pay for any future courses he offers...