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The Benefits Of Affiliate Marketing 2019

Benefits Of Affiliate Marketing

Today I thought I'd put together some thoughts on why you should consider using Affiliate Marketing to generate an income steam.

My first ever success online was a "lucky" blog post I made that generated $20,000 in a weekend thanks to Oprah featuring the product I had just wrote about in her favourite things show. After that I did the occasional affiliate campaign but generally focussed on my own products.Benefits of Affiliate Marketing

This was a very short sighted view as some of the affiliate programs I promoted had recurring commissions, some of those commissions might have been a small around $13 per months but they lasted for over 6 years. One of these promotion alone generated a high 5 figure income.

Last year in Serious Marketers Only we decided to focus on recurring affiliate income  for our first quarter sprint.

As part of that I set up a few test campaigns and stuck with them for 3 months.

The first payment I receive was $179

The image on the right shows the figures as of today each month it should grow and over time blossom into a nice income that covers all my monthly expenses.

Is it worth setting up affiliate campaigns ?

I'll let you decide but below you'll find a guide to exactly what I set up and how I promote my campaigns .

Benefits of Affiliate Marketing #1  Creating Long Term Assets

Creating an affiliate promotion creates an asset you have and can benefit from for years to come.

These assets don't need to be large or difficult to put together. For example my Convertbox Promo site consists of 3 pages

  • An Overview (Bridge Page)
  • A Review
  • An Article

On top of that I've done several videos showing how I use it.

That's it

It just sits there and ranks in google and the videos rank in youtube. I don't need to update it or maintain it apart from ensuring the plugins are up to date and that it's still ranking.

This asset generates between $400 and $800 a month without any input from me. I am sure if I pushed it harder I could generate more.

BONUS:  Ranking for a product name is MUCH easier than ranking for a niche search term. The article shown on the image on the right is ranking on the first page after 3 days for the term Convertbox Review, you'll also notice there is a Video showing up as well.

Benefits of Affiliate Marketing #2 - Building a Passive Income

Personally I don't like the term Passive Income it makes it seem easier than it is, I prefer the term "Leveraged Income."  However let's stick with Passive income for this article.

Once you have built up your assets , which frankly don't need to be websites,  they can be videos , a course, a report etc,  you can then reuse them whenever necessary.  They are there working for you 24/7.

You just need to get traffic to them. Which is something many people seem to forget!

One of the reasons I love recurring commissions that once I have made a sale, then that income comes in month after month, year after year.

I am still getting $10 a month from a promotion I did back in 2009 (you do the math!)

As you saw above last February I received $179 from one recurring promotion, this February it's over 10X that amount.

I haven't really done much to promote that products and I've not spent a cent of ads.  Hopefully it will continue to grow but if it doesn't I can spend a few weeks writing fresh content, running some ads of creating an email promotion.

As you can see from the image below the earning Per click from affiliate campaigns can be pretty good.  This is partly down to the fact when people are searching for reviews they are almost ready to buy.

Benefits of Affiliate Marketing #3 - Cover Your Costs

You don't really need that many tools to be a successful online marketer however they will cost you money.   What better way to recover your costs than to promote products you use?

My marketing stack is very simple:

Thrivecart

Convertbox

ActiveCampaign

All of those apart from ActiveCampaign is a one time payment.

I promote all of those as an affiliate and all have covered their costs many many many times over.

Additionally if you were looking to buy those products would you be more inclined to buy from someone who can demonstrate how they use them with screenshots and videos or from someone who just wrote about them?

If you are considering buying products make sure to check out their affiliate programs for example  In SMO we offer members 50% commission that means they only need 2 sales to have free access, it might not seems much but it all makes a difference in the end.

If 2 products have similar features I'll always go with the one that is easier to use and has the better affiliate program

BONUS TIP:  Always check what affiliate programs any product you buy have.

 

Benefits of Affiliate Marketing #4 - No Customer Service

If you sell your own products you have to provide customers service, It goes with the territory.  The need for this is negated by selling affiliate products. you may occasionally be asked a question but thats about all. All the key support will be done by the product owners.

 

Benefits of Affiliate Marketing #5 - Building a List

YES! You can use your affiliate promotions to build a list, then as you start to know what your list likes you can create your own products or find other related products to promote further down the line.

Create a report or a video about the product you are promoting,  " 10 Overlooked features of Product X"   "5 things you must do when you purchase Product Y"

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Benefits of Affiliate Marketing #6 - Generate Income Faster

You can start to generate an Affiliate income immediately after signing up for an account. For example if I signed up as an affiliate for a Clickbank  product today  I could email out that link in a promo email today.

I could post it on a facebook page, a Pinterest pin, I could do a video on youtube etc.

On the other hand If I want to sell my own product then I have sites and members area to build, content to create.. I'm a few weeks away from my first promo.

Benefits of Affiliate Marketing #7 - Affiliate Promotions Can Be Automated

Set and Forget ... you’ve got to love it.

You can automate all of your affiliate campaigns and never need look at them again.

There are lots of ways of doing this here are a few ideas.

  • When someone joins your list add them to an automation with a 6 week delay, then after 6 weeks it triggers a 5 email sequence ending in a promo for an affiliate product.
  • Once someone opts into a report have relevant affiliate links embedded and add them to the follow up sequence.
  • Retarget anyone who spends 30 seconds or more reading a product review with your affiliate link.

How To Choose An Affiliate Product

One of my goals for the next few years is to grow my affiliate income to between $5000 & $10,000 per month

You'll notice that I said "few years" this isn't going to happen overnight and so there's no rush or pressure on me I can take a month to build a site if I want and then leave it to mature.

My first goal is to cover all my monthly expenses.  Then double that.

But First I Need To Work Out What To Promote

 

2 Types Of Affiliate Products

There are 2 types of affiliate products that I can promote, recurring offers and one time offers.

Recurring are my preferred source of income as they build over time the problem is they are relatively rare.

On the positive side they might only pay out $5 a month but they will do that for years to come and they can grow over time

These will form the basis of my "Affiliate Empire"

Next are one time payment products.  With these I look for something that makes longterm promotion viable.

You need to be careful with what you choose to promote here, something that pays $20 severely restricts how you can promote these offers if you want to make a profit.

Something that pays $100+ gives you more freedom so for example you could run a retargeting campaign for people who have landed on your promo

What Products To Choose To Promote?

I have very strong views on what I can and can't promote.

1. It must be something I use on a regular basis.  

This restricts me to marketing the tools in my marketing stack, Activecampaign, Convertbox and Thrivecart  That's it .

If at any time I stop using a product I then stop actively promoting it.

2. It must be by someone I know and trust

If I don't use a product on a regular basis the only time I would promote it is if I knew the marketer and trusted him. Even then I would ask for access to some of the files or app/plugin so that I could check that it does what it's supposed to and is of good quality.

My first big success in online marketing was as a result of an affiliate promotion. After that I sort of drifted away from the affiliate marketing space.

This was partly because a lot of stuff on clickbank or Commission Junction was pretty crap!

I also don’t like Commission Junction, Share-a-sale etc. Too often do program owner's stop their affiliate program or change the rules with no notice

My number 1 rule now for affiliate marketing is that you have to be comfortable with what you promote.

I'll follow this article up with some more that detail my actual processes for creating affiliate promotions.

Affiliate Marketing Strategies

We’ve looked at why you should consider affiliate marketing and how to choose the products you promote, now let's look at how to promote them.

A Blog

There are 3 methods I use to promote affiliate products on a blog.

1. A comparison article:  Product A Vs Product B  for example 3 years n this article still gets views and is ranked on the first page in Google

https://thelifestylemarketer.co/activecampaign-vs-convertkit-email-automation-battle/

2. A Free Course Tutorial

I actually use the following image on the article above.

It offer readers of the  article a free course on getting started with Activecampaign. This has 2 positive effects.

Screenshot 2019 02 13 at 12.41.04

It builds  a list of people interested in active campaign plus they can see multiple Affiliate links during the course and see all the benefits.

3. Review Posts

Every affiliate blog should have a review post.

Firstly it's easy to use them to rank in google and people do search for  Product X Review.

Normally it can take up to 6 months for an article to rank, i've seen review posts rank on the front page of Google in a week.

The best thing to do to get it to rank is to make sure you have 100% SEO scores in Yoast or WebTextTool  and then get some links to it.  Youtube, Google drive,  Slideshare etc.

Quite often that is enough.

I created the post below which is a review of Convertbox a couple of days ago I fully expect it to be ranking once I get a few links to it.

Top Secret TIP!  I wrote this article in Google docs, Google scan your docs for links. So adding links to new article in Google docs is a surefire way of getting indexed.   The easiest way is to create a spreadsheet and add in all your new content.

Screenshot 2019 02 13 at 12.46.23

VIDEO

Using video to promote affiliate products is very similar to blogging.

Create review videos, create comparison videos and create courses.

Ensure you use easy to remember links and post them in descriptions and tell people they are there

There is pretty much not much more to say about it apart from consider using both methods together.

In the image below you'll see a series of Convertbox videos all of these either link to convertbox directly or to a landing (bridge) page.

We’ll look at bridge pages in the next section

Screenshot 2019 02 13 at 13.10.09

Paid Advertising

The Final way I promote affiliate products is via paid traffic. Before you switch off this doesn't need to be expensive!

The key to advertising a product is to use a bridge page such as ConvertBox Secrets.  I've actually gone a bit over the top on this one, it doesn't need to be so in depth.

The reason I use a bridge page is to help me to sell the product a bit more and to show the bonuses people can get by buying through my link.

You could link directly from a facebook ad or a google ad but by using a bridge page you keep more control and can intensify your promotion to get better results.

Let's look at how It might work.

Sarah is looking for a way to collect leads, a friend mentions convertbox she goes to google and searches for "Convertbox Reviews"

She now ends up on our review page and reads it and goes and does some more research. However after 30 seconds our facebook pixel fired and added her to a custom audience!

That evening she logs into facebook and see our Retargeting Ad:   Looking for Convertbox?  Check out our exclusive bonus!

She clicks on it goes to our Bridge Page see's the bonus .. and buys.

BOOM we spent 40 cents and got a sale 🙂

At the start of this I talked about 3 strategies I use, in truth I generally use all 3 together to ensure they best possible results.

Any questions??

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