fbpx

What is Affiliate Marketing?

Understanding what is Affiliate Marketing?

Affiliate Marketing’s definition really changes from the application that you plan to use it for.

Here are the basic categories:

  • As a Business Owner – Affiliate Marketing is a method of marketing whereby you connect to partners (to be expanded later) in order to drive visitors and hopefully sales on your website.
  • As a Influencer or Partner – you most likely have quality amounts of followers or traffic already built up to your website, blog, Instagram, TikTok or other social media account or a HUGE email database.   You are the ‘rain maker’ and can leverage this following via an Affiliate Program to drive sales for another company.  Of which you will receive a % commission.

Simply put, this is a win-win situation.   

 

For years advertising has been built upon paying a publication a set rate for advertising.  However, major digital companies changed the game.  Google and Facebook implements a CPC model.  In the industry this is known as Cost Per Click.   Of course this has seen a sea-change shift to a high % of marketing spend moving away from traditional media and across to the digital space.

However, Affiliate Marketing goes one step further and is already rocking industries, and becoming the great equaliser for SME’s and marketing divisions alike.   Affiliate Marketing operates on a CPA model or expanded, Cost Per Acquisition.  

Check out this digram to see the process in action and below you can view our workshop for SME’s we ran on June of 2020.

If you were able to view the above video on “Affiliate Marketing for SME’s”, you will now have a very clear idea on how you can get started setting up and implementing your own affiliate marketing program.   However, this is a step-by-step, process outlined below from start to finish.

How to set up an

Affiliate Marketing program

Step 1:  A company links with an Affiliate Platform provider.  This is fast, inexpensive and easy.  We have a full list of providers here or if you want to check out our MOST RECOMMENDED platform check out our deep-dive article HERE

Step 2:  Set up the specifics of your program, including % of sales that you will give to your partners/ influencers.  You may need to do some market research to see what others in the industry give

ShoutOut custom % interface

Step 3:  Integrate your Affiliate Program to your website and create some captivating content that attracts influencers – This should be simple and fast to do however you can always outsource this work on gig-platforms like Fiverr

Step 4:  Start reaching out to influencers and partners who you already have a relationship to see if they want to work with your program.

ShoutOut Lady Influencer

Another fantastic idea is to reach out to partners that your company works with.  You have a range of stakeholders that already have a vested interest in your products or services, and they make amazing affiliates!

Andrea Lee Founder

Step 5: Create tools such as images, banners, promotional discounts and other engaging content over time that your registered affiliates use.   Remember, they are your sales force so you need to enable and incentivise them!

Over time its important to continually keep your Affiliate Program updated.  Great communication and engagement are the keys to its success.   So learn about your partners and see how else you can support them.  

 

We will be brining you a FREE playbook soon with templated emails and tools that you can use to build your affiliates up.  So keep an eye out for this here at www.affiliatemepro.com

If you have liked this article, please share it on your prefered network below, or read another of our recently posted articles.

Share on facebook
Facebook
Share on linkedin
LinkedIn
Sep 13
Outstanding Email Marketing (20 years and counting)

If you want to know where email marketing fits into your overall digital strategy,…

Aug 23
The Essential Playbook for Starting and Scaling an SME (Q3 – 2020)

This article covers the A-Z on starting through to scaling and eventually selling an…

Jun 13
(100 Hours Research) On Blog Tips for SMEs

The best traffic that you can have as an SME is FREE TRAFFIC. This article digs into…

May 07
What is Affiliate Marketing?

This article goes into details about what is Affiliate Marketing and how it works

Sep 21
ShoutOut Affiliate Marketing System – Review

Complete review of the ShoutOut Affiliate Marketing platform. Ideal for SME's to get…

Sep 19
All About MeetEdgar For Social Media Automation

MeetEdgar is possibly the most powerful social media automation tool for an SME! We…

Comments

chat
Add a comment