Affiliate marketing is a way for a company to sell its products by signing up individuals or companies (“affiliates”) who market the company’s products for a commission. You will have to find people who are interested in selling your product, earn money from those sold products and give profit to the people who sold them all the while earning a profit of your own. The beauty of having affiliate companies is that your product will sell faster in a more productive pace. However, many people fail to learn the beauty of affiliate marketing. So listed below are the seven things that people who wants to start a venture on affiliate marketing must keep in mind.
- HELPING RATHER THAN SELLING
Some newbies in the business of affiliate marketing fail to see that the point of affiliate marketing is to help the producer sell its product to the consumers. Rather, they ought to believe that by affiliate marketing, they will just have to post things lie “BUY THIS NOW!” on the products description. People need to know and love the product that he or she is selling as if he or she is the one who produced it.
- START SMALL
People often get excited with the thought of venturing into affiliate marketing that sometimes they get to be over excited. They thought they could handle 3-5 products at a time because it is tattooed into their minds that their only work is to simply sell the product. It should always be noted to choose your affiliate programs wisely and to not overload one’s self.
- TESTING, TESTING
Before venturing into a market, it is very useful to put yourself in the shoes of a potential customer and opt in to test the vendors’ follow up sequence. Once you have analyzed a certain product if it will be a flunk or a success in the market, you can now make a smart choice.
When you make a sale, you want to know where the sale came from. This enables you to know which pages are converting well so you can grow and scale that campaign. An example of creating a unique tracking ID is on Amazon. Simply log in to your Amazon affiliate dashboard, click “Account Settings” at the very top on the right, and then click “Manage Tracking IDs.” From there, you can make a new tracking ID so you can track which web page/campaign sold what product.
Yes, making any commission is cool, but knowing where and how you made that commission is what makes you a better marketer. It lets you grow and scale your campaigns — as opposed to working blindly.
- CHECK OUT YOUR COMPETITION
One of the best converting tactics to use to sell affiliate products online is to compare the “main” product with two other similar products. When people are in buying mode for a product, they tend to have their options narrowed down to 2 or 3 and need help making the choice that is best for them. For example, by comparing the “3 Best Widgets For _______”, you will not only help your readers make a choice, but you may also have affiliate links there for three products instead on only one.
So there you have it! You are now ready to venture to do affiliate marketing – the smart way.