Affiliate marketing is big business. If you've ever wondered how much money can you make in affiliate marketing , or if it's even possible, check out this study from the STM Forum:
Source: Affise
Source: Amateur
Obviously, there are many opportunities to generate income through affiliate sales .
Success in affiliate marketing depends on your ability to get them to use your link. It is essential to optimize every element of the customer journey to engage the person and maximize the chances of earning that affiliate commission. In this guide, I will show you a system that will allow you to almost double your conversion rate .
The great thing about affiliate marketing is that it is qatar mobile number example accessible. If you have an audience or can build one, you can probably make money through affiliate marketing. Generally, people promote an affiliate product in one of four ways. They are:
Insert or mention a relevant affiliate link in a blog post, video, webinar, podcast, etc.
Run a promotion on your email list or messaging list
Share affiliate offers through your social media channel
Run a pay per click campaign to generate leads
Of the options listed, a webinar is probably the best way to promote an affiliate deal. On a well-run webinar, you can expect conversion rates of 10% or more. Email marketing is probably the next most effective channel. You might get a conversion rate of between 5% and 10% from warm traffic to a well-designed sales page .
Finally, you have things like promoting an affiliate link through a blog post or social media. Here you're usually looking at a 0.1% to 3% conversion rate. This is because there's little incentive for the person to use your affiliate link. Plus, many people who visit your site, watch a video, or whatever will be interacting with you for the first time.
However, it is possible to increase those conversions and incentivize people to use your link. I'll show you how in the next section.
The formula for additional profit
The idea behind the bonus and profit formula is simple. Instead of sharing your affiliate link and hoping people click, you provide an incentive to use your link. The incentive is a personalized bonus. Or, if you're feeling extra nice, some personalized bonuses.
This is how it works in practice...
Instead of sharing your affiliate link directly, send traffic to a landing page where you promote your custom bonuses. On the bonus page, share a link to the affiliate offer.