This is one area that is often overlooked as an “out of my hands” part of the affiliate marketing funnel. Once you’ve sent a visitor to the merchant site, all you can do is cross your fingers and hope they ultimately complete whatever action is necessary for you to get your commission. That’s partially true I suppose. But you have more input here than you may realize.
The new digital era has enabled brands to selectively target their customers that may potentially be interested in their brand or based on previous browsing interests. Businesses can now use social media to select the age range, location, gender and interests of whom they would like their targeted post to be seen by. Furthermore, based on a customer's recent search history they can be ‘followed’ on the internet so they see advertisements from similar brands, products and services, This allows businesses to target the specific customers that they know and feel will most benefit from their product or service, something that had limited capabilities up until the digital era.
Another strategy to keep in mind is to leave room for seasonal and temporary commission increases. You may not be able to pay your reps at 18% all year round, but maybe you can bump them up for a few weeks each year to help juice your revenue and keep reps motivated. It works, and it’s another way to stay competitive in your niche even if your rates are on the lower side of the general range.
Who is your audience? What is your target market or niche? If you're targeting a specific niche like home security then perhaps you only need to sign up to ADT and SpyBase so your products match your audience. There’s no point promoting eco-mattresses to your blog that’s focused on reviewing drones. Again, you could sign up to a network that has a few different options in your field of interest or just go straight to your favourite suppliers and see if they have an affiliate program.
Affiliates can also help your company tap into new audiences and reposition inventory so that it is relevant to them. For example, perhaps your site is entirely in English, with no exposure to the Hispanic market. One of your affiliates may translate your copy into Spanish and target that market, thus bringing new customers to you. Such a tactic — translating text — would be expensive and time consuming. So increased commissions for those new customers would help offset the affiliate’s initial investment.
Using Dr Dave Chaffey's approach, the digital marketing planning (DMP) has three main stages: Opportunity, Strategy and Action. He suggests that any business looking to implement a successful digital marketing strategy must structure their plan by looking at opportunity, strategy and action. This generic strategic approach often has phases of situation review, goal setting, strategy formulation, resource allocation and monitoring.
You will earn the Special Program Fee Rates described in this Section 4(b) in connection with “Trade-In Events” which occur when (1) a customer clicks through a Special Link on your Site to an Amazon Site and (2) during the resulting Session the customer adds a product to his or her trade-in shopping cart and then submits a trade-in request that Amazon accepts.
Recurring affiliate programs are definitely the way to make serious income online. If you can add high paying affiliate programs, then you will notice a big increase in your monthly revenue which will allow you to go full time if that is your ambition. Harsh has a good list of programs in the internet marketing field but there are residual programs in many other niches such as health and beauty. So no matter what the topic of your blog/site, look out for some form of recurring income otherwise you are really missing out.
In 1994, Tobin launched a beta version of PC Flowers & Gifts on the Internet in cooperation with IBM, who owned half of Prodigy. By 1995 PC Flowers & Gifts had launched a commercial version of the website and had 2,600 affiliate marketing partners on the World Wide Web. Tobin applied for a patent on tracking and affiliate marketing on January 22, 1996, and was issued U.S. Patent number 6,141,666 on Oct 31, 2000. Tobin also received Japanese Patent number 4021941 on Oct 5, 2007, and U.S. Patent number 7,505,913 on Mar 17, 2009, for affiliate marketing and tracking. In July 1998 PC Flowers and Gifts merged with Fingerhut and Federated Department Stores.