Affiliate marketing is a process whereby a marketer earns commission by promoting other people's products online. There are several affiliate marketing strategies that one can use to promote their product online and they include;
Choosing the right affiliates
The person you choose to partner with to promote your product online should be able to understand their audience well, and this can be done through several ways like; through analytical analysis which helps one understand how the audience came to know about you.
The marketer should also be able to know the product which the audience is more likely interested in and the best selling product which also enables them to know the amount of income made on every product.
Using promotions is also another good item in the affiliate marketing strategies camp and all it entails;
Letting the audience know that they will get some discounts once they shop online, rewarding customers for always shopping from the business or by referring others.
Sending an email to customers is also a way of promoting a product because it helps them stay connected to the business and also informs them about a new product or when there is an offer running.
Reviews is another way of used to promote a product whereby, a marketer writes about a product and then put a link to where customers can purchase the product, and then they are given the product for free or on some discount.
Use of social media is a way of affiliate marketing used to promote a product, that requires the affiliate to be very active on social media by making sure that their blogs and websites are well known to the audience.
The other way of affiliate marketing is by optimizing product pages whereby the affiliate has a page that is able to translate people who visit into customers.
There are several ways which an affiliate is able to make their page stand out, and they are such as;
Publishers claim that affiliates give them more revenue than any other type of advertising
A recent study indicates a prosperous future for affiliate advertising and social media promotion.
The advertising tech sector has been changing over the past few years. Lots of publishers have looked to other advertising methods to generate revenue.
Vendors are trying to find an alternative to display marketing, because the online content landscape has been impeded recently by advert blockers.
Viglink, the content monetizing portal, wanted to understand what vendors and publishers thought about affiliate advertising services, with regards to value, spend and sentiment.
It asked 100 vendors and 500 publishers that presently use affiliate advertising programs.
Affiliate marketers do not sell products. They work by encouraging prospective customers to buy products sold by other businesses, and are paid for each referral that brings in customers for those companies and businesses. So how does this work when it comes to affiliate marketing and taxes? If you are an affiliate, your taxes are different from those who sell products and services. You need to understand the way your income will be taxed.
Paying Taxes for Sales
When businesses sell products online, most states will charge a tax on sales; however, the taxes the seller pays are owed to the state in which the affiliate works. Because affiliates find the customers and are not the actual sellers, your affiliate business is not responsible for those taxes.
Hustler's Anthem '09 (Photo credit: Wikipedia)
Affiliate Summit East 2013 Fast Approaching
Affiliate Summit East 2013 is August 18-20 at the Pennsylvania Convention Center in Philadelphia. The sold out conference includes educational sessions and focuses on networking and hot trends in affiliate marketing. Early check in is on Saturday evening from 4 to 8 p.m.
Educational sessions include latest industry issues and trends as well as information from experts in affiliate marketing. Topics include authority blogs, marketing campaigns, liability issues, mobile click to call, and landing pages and FTC compliance, among many others. The exhibit hall will be filled with affiliates, vendors, merchants, and networks for face to face marketing. I went to both the Affiliate Summit conferences in 2011 but couldn’t convince my wife to go to Philly this time. Hopefully Nevada in the West 2014.
Niche Affiliate Marketing System (NAMS) Workshop 3 (Photo credit: rogercarr)
Promoting affiliate product on your blog and earning good amount of money from it is not easy. It is easier to just place an AdSense code to your blog and start earning per click. However, you can maximize your chance to earn good amount of money from affiliate marketing through your blog, as long as you can keep your marketing hot on your blog. Here are 5 good strategies to keep your blog affiliate marketing hot:
MobiBlueprint – Mobile Marketing Product
I recently received some information and a link to a free webinar on mobile (cell phone) marketing from the creators of MobiBlueprint. The creators of this webinar and informational course started in affiliate marketing in 1997 and worked hard to create their businesses. After missing a number of opportunities, Gauher Chaudhry finally started earning great money with CPA marketing in 2005. He is the creator of a number of courses including Pay Per View Formula (2007). Shortly after releasing PPV Formula, Gauher began work on this latest course about mobile marketing.