If you’re primarily going to be promoting Amazon products it’s important to choose a set of products that has a relatively high price point. After all, it’s hard to make a solid income off of promoting $1-5 products, since the commission on Amazon is so low. Items that have a higher price point, like high end appliances, furniture, BBQs, blenders and juicers, or bikes can net you over $50 a sale at least.
Yesterday I earned $506.03 from Amazon. It was actually a pretty good day, higher than average. One might think the higher than normal figure came from selling some big ticket items but that wasn’t the case. The highest commission for the day was a $21.34 commission. The vast majority of the sales were books sold from my list of photography books, which we promoted on social media recently.
A quick and inexpensive method of making money without the hassle of actually selling a product, affiliate marketing has an undeniable draw for those looking to increase their income online. But how does an affiliate get paid after linking the seller to the consumer? The answer is complicated. The consumer doesn’t always need to buy the product for the affiliate to get a kickback. Depending on the program, the affiliate’s contribution to the seller’s sales will be measured differently. The affiliate may get paid in various ways:
The seller, whether a solo entrepreneur or large enterprise, is a vendor, merchant, product creator, or retailer with a product to market. The product can be a physical object, like household goods, or a service, like makeup tutorials. Also known as the brand, the seller does not need to be actively involved in the marketing, but they may also be the advertiser and profit from the revenue sharing associated with affiliate marketing.
It’s also an incredibly low-risk marketing strategy with a high ROI. Most other promotional channels require some kind of payment upfront and there’s a chance that it may not work. In these cases, you’ve lost some precious marketing budget and not gained anything in return. However, with affiliate marketing, you’re only charged once a sale is confirmed. You can define the payment terms as 60 or 90 days to allow for refunds or processing issues. An affiliate agency will generally charge a nominal amount to cover overhead and then leverage their relationships to build your affiliate network. This format protects both parties cash flow and ensures you’ve already received the money from the customer before you have to pay the affiliate. It’s a performance-based method that rewards top-performing affiliates who refer genuine customers.
One of the main reasons why most newbie affiliate marketers give up after 3 months is the fact that they can’t build up traffic to their affiliate website. It’s a thorn in most marketers’ sides, but one that can be easily resolved if you put the effort in. Below I have covered a few areas that will get you good targeted traffic to your affiliate deals.
It works for me & I've used it myself. It's really hard to promote something you haven't personally used and loved. A good example of this for me would be FlexJobs. I get a lot of questions about this program. If someone asks me where to find something in the dashboard, I can tell them. If they tell me they aren't finding ANY jobs to apply to, I can provide them with a list of steps that may change that. If they ask me if I pay for a membership myself, I can, with 100% honesty, say YES.
These customers can directly go to the business websites and buy whatever they want. But some times the said customers who frequently visit a particular blog and that particular blog are an affiliate marketer for a business which at that particular time is giving some form of discount. Now this discount or free trial will attract the customer to click/buy through the link provided on the affiliate marketer’s web page. The customer who might not be aware that there is a discount on a particular product is enticed to buy and complete the process.
I just LOVE your writing style, Christina! I recently purchased the Making Sense of Affiliate Marketing course, but have yet to really dig in. I had NO idea all of those crazy complications with Amazon! I’ve already been rejected once 😛 But luckily, though my ego was bruised, I pressed on and am now on round 2 (with no success so far..lol) Hopefully with this post and the course I will make something in the next 90 days!
Companies have to decide whether their price points give them enough profit margin to also pay an affiliate for his or her sales. If a company doesn't have enough profit margin to pay an affiliate, then affiliate marketing won't be a financially viable option. Companies also have to consider the risk of an affiliate marketer misrepresenting the company. For example, an affiliate marketer might mistakenly claim that a particular lotion will make your wrinkles go away in two weeks, but in reality, the actual lotion product makes no such claim. An affiliate marketer could potentially cause problems for a company with such untested statements. Some affiliate marketers will say anything to make a sale, so companies need to weed these people out.
Trying to cut corners with marketing methods is a huge no-no in affiliate marketing. By cutting corners, we’re talking specifically about black hat SEO. Get banned by Google, and you’ll be spending your time building a new site. Don’t learn from your mistakes, learn right now. Blackhat SEO only ever leads to a broken site. Google will hunt you down, and it will punish you!