There are two characteristics that describe the variety of affiliate marketing programs, that are interconnected into a network, the best – types of offers and commissions. In today’s affiliate marketing the most popular types are game offers, casino offers, app offers, dating offers and nutra offers. The most in-demand commission types are CPA and CPI.
Since Instagram started in 2010, influencers have flocked to the platform to increase their audience, traffic, followers and engagement. With 29% of Instagram’s top posts coming from influencers or brand ambassadors, they are dominating the game when it comes to user generated content, and with statistics showing that Instagram has over 700 million monthly users it is now over twice the size of twitter. This isn’t something that should be ignored, especially for brands when they are looking at Instagram affiliate marketing strategies.
As you can see in the image below, this process is really just a matter of listing the pages you want your affiliates to promote, naming them and creating a (preferably) short code to identify the page. (Your affiliate software will grab that short code and merge it into the URL it creates for your affiliates - along with each affiliate's unique code - so the software can track who is sending what traffic, where.)
Now if your really want to run with this idea, or you’ve tried this and found success. Then go and find a bunch of amazing products that fit with your followers (or a wide demographic) and create a simple product review website and send your followers (from your URL link in your BIO) or your (Instagram Viral Story) to a website full of affiliate offerings!
If you haven’t already checked out my NEW free Wolf Millionaire Webinar I suggest you take the time to join and watch it. I outline and explain all the different ways you can make money using Instagram. Almost all of them DON’T require you to have a business, product or service in order to make money! At the end of my webinar I will send you a link to my updated FREE 35 Page Instagram guide.
But to make money with affiliate marketing you need to get a affiliate link to a product that you promote and you need to put this link in your description. You can easily by the end of the next week have over 1000 followers…and let’s say that only 10% will click your affiliate link and only 5% will buy using your affilaite link and I really low ball it because Instagram is really on fire when you know how to use it.
Instagram (IG) is many things. It has over 800 million users, and Instagrammers have deep pockets. For example, among adult users, 31 percent make over $75,000 annually. IG users “like” over 4.2 billion and share 95 million posts daily. Zuckerberg and company got the IG acquisition correct along with WhatsApp (the jury is still out on Oculus VR). IG is moving in the right direction and stomping on their competitors like Snap. Storylines like these make affiliate marketers drool except for one problem, IG is link-unfriendly.
A high-qualified opinion leader who cares about their reputation and cooperations will always share statistics with a brand. Just ask for a full analytics report after a post/video/contest has been released. It’s better to collect the data in a week or so, depending on how often this influencer posts. DO NOT agree to cooperate with a blogger who will delete your post/video/reference in a week/month/day! If you hear this proposal from the other side, bow out and find the right person for the job. You’re better off finding an influencer who cared about your brand and will be happy to keep your mentions in his stream.
Unfortunately, they still do have a dormant account fee, but at least now if you drop your payment threshold to $10, that is the most you would lose for any given sale: Accounts with a positive balance but no earnings for an extended period of time are considered dormant. Dormant accounts are subject to a charge of $1 per pay period after 90 days of no earnings, $5 per pay period after 180 days of no earnings, and $50 per pay period after 365 days of no earnings. Dormant account fees are only assessed on accounts with a positive balance.
He is the co-founder of Neil Patel Digital. The Wall Street Journal calls him a top influencer on the web, Forbes says he is one of the top 10 marketers, and Entrepreneur Magazine says he created one of the 100 most brilliant companies. Neil is a New York Times bestselling author and was recognized as a top 100 entrepreneur under the age of 30 by President Obama and a top 100 entrepreneur under the age of 35 by the United Nations.
Affiliate Marketing is a great way for the regular guy to make extra income. Amazon, Petco, and Ebay are examples of companies that will gladly pay you to send buyers their way. Maybe after doing further research you might consider finding a way to supplement your income with a relationship with a great affiliate marketing company. No, website, no products no problem.
In most cases, organizations that employ an affiliate strategy tend to be in the e-commerce space. That’s because it is fairly simple for e-commerce brands to track purchases based on a single tracking link. Other types of business, like B2B software or services, tend to be ill suited for affiliate programs because of long and complex sales cycles.
Cookie – A cookie is piece of data stored on your computer. Cookies are usually used for authentication (forums, email) or simply storing preferences. With affiliate marketing, whenever you click on an affiliate link, a cookie for that specific merchant is stored on your computer. Cookie duration varies between merchants. For example: If “Mike’s Pets Store” has a cookie duration of 14 days, that means from the moment a customer clicks on your affiliate link, they have up to 14 days to make a purchase. This means that on October 1 they could have clicked your affiliate link to the merchant and not bought anything. But if they revisited “Mike’s Pets Store” on October 9 and made a purchase, you would still get commission for the sale.
Next, you need to make sure affiliate marketing makes sense for your own products in terms of profit margins. If you’re selling products with a very low profit margin then giving away part of the profit as commission to your affiliates, you might want to think twice. If you find yourself in this situation, you may want to consider increasing the price of your products to include the affiliate’s commission.
Tip #1 Post links to your landing pages and websites within your stories. Now before you get all like, but I need to have like 10,000 followers to be able do that. Let me give you a strategy to help get you there ASAP. The strategy I prefer for getting 10,000 followers takes a little longer than follow/unfollow, but it gets high quality active followers, and that’s Gary Vee’s $1.80 strategy. Basically with this strategy you search up 10 hashtags in your niche and and leave your 2 cents, AKA a comment on the top 9 posts for each hashtag. I highly recommend doing this over the follow, unfollow method because you can really build a strong connection which of course is great for sales, but if you’re a little more impatient feel free to do the follow, unfollow method with an app like captivate to speed up the process.