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Quick Guide on Affiliate Marketing Strategies & Examples: Check This Out

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Digital marketing has taken the world and rightly so. With its high reach and measurability, it has rapidly become the first choice over traditional marketing. 

With so many channels of digital marketing, there have been some that have emerged. One such marketing technique is affiliate marketing. 

In case you’re new to what affiliate marketing is, check this article out as it includes affiliate marketing strategies for beginners as well.

Bonus Read The Evolution of Digital Marketing from Traditional Marketing

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What is Affiliate Marketing? 

The meaning of affiliate marketing is – a kind of marketing technique in which a company compensates a third-party publisher to generate leads or traffic with the end goal of promoting the company’s products and services. 

The third party here is referred to as affiliates and the commission or fee is what incentivizes them to generate leads or traffic for the company. 

The purpose of affiliate marketing is to increase sales and generate revenue. Simply put, it is when It is a win-win situation for both brands as well as affiliate marketers. 

Affiliate Marketing Startegies - How Affiliate Marketing Works

(Source: commisiontheory)

Types of Affiliate Marketing

The types of affiliate marketing include –

  • Influencers

An influencer is a kind of opinion leader who can impact purchasing decisions of a large segment of the population. An influencer can really benefit from affiliate marketing since they already have an established following. 

Hence it is easier for them to direct their followers to the landing page for conversions. These influencers work on a commission basis.

  • Bloggers

Bloggers are affiliates who write product reviews to promote the brand in a way that the blogs drive traffic back to the seller’s site. The bloggers are compensated for their efforts of spreading the word about the product or service.

  • Email databases

Some affiliates have email databases for particular products or services. These lists are specific to those users who might be interested in the product. The affiliate earns a commission after conversion is made by the consumer.

  • Microsites

Microsites can really garner a large number of sales. These sites are displayed and promoted on partner sites or as paid ads. The content is more focussed and relevant to a particular audience leading to more conversions. 

  • Media websites

Media websites are designed to create large traffic with a huge audience. They promote products and services through the use of banners and affiliate links. This works well for both the seller and the affiliate. 

Best Affiliate Marketing Strategies For Beginners & Intermediates 2021

Here are some of the most effective and proven affiliate marketing strategies that will help you make money with affiliate marketing –

1. Choose the right affiliates 

Picking the right affiliates for your brand will really help. This is a good tip for Facebook affiliate marketing strategies as well. One needs to check if the affiliates have a good rapport with their audience or not and if your product would appeal to this audience. 

Also, don’t forget to check their reach and engagement rates.

2. Use promo codes and discounts

Most consumers love the fact that they could save. Leverage this to your advantage. More often than not, they look for deals and discounts before even seeing all the products offered.

3. Use Niche Influencers

Using influencers specific to your industry will generate more conversions since the audience is relevant to your field. Compensations vary from influencer to influencer. Some may prefer products or even a collaboration. Do thorough research on the following metrics –

  • Engagement
  • Reach
  • Demographics of the audience
  • Number of followers

4. Optimize Landing Pages

Ensure that your landing pages are optimized for the best customer experience. Your site needs to load fast, it needs to be mobile-responsive, includes high-quality photos, and try including product reviews as well.

Found these strategies interesting? Check out these digital marketing strategies that might interest you.  

Affiliate Marketing Strategy Examples

Here are a few advanced affiliate marketing strategy examples –

  • BreadnBeyond

BreadnBeyond, a video production company included their ratings and reviews of different video tools and software companies. These reviews were unbiased, detailed, and insightful. It helped build their trust with the audience keeping in mind a long-term relationship.

  • Kinsta

Kinsta, a cloud-based host, started to reach out to affiliates with personalized emails. Even though it is a big company, they realized that these conversations were fruitful. The emails included the content they wished to push out as well as the service with their affiliate link. 

This meant minimum effort on their part which turned out to be a good thing with a high success rate of the emails. 

  • Apollo Scooters

Apollo scooters, an established brand in the electric scooter industry actively engaged with influencers on social media. This really boosted their sales due to the affiliate marketing strategy. They offer a 6% commission rate as compared to a 3-5% by other brands.

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FAQs

Q. What is the best strategy for affiliate marketing?

One of the most effective affiliate marketing strategies is PPC (pay-per-click). Affiliates are paid based on every click that they get. This is a preferred strategy, however, the leads may or may not convert.

Q. How can I improve my affiliate marketing business?

You can improve your affiliate marketing business by providing them with attractive offers and deals for promotions. They’ll be motivated to get you more clicks and also secure more customers.

Q. What are the four pillars of affiliate marketing?

The four pillars of affiliate marketing are  –

  • Affiliate communication – Providing brand updates and promotional updates to your brands is very important
  • Incentivizing through Commissions – Your commissions need to be more attractive than the competitors
  • Use a promo strategy – In a recent study, more than 90% of users were attracted to promos. Hence, use this to your advantage. 
  • Full-funnel strategy – Analyze data on upper-funnel sites and find affiliates that suit your brand the best. 

Q. Which are the best affiliate marketing websites? 

The best affiliate marketing websites are –

  • Shareasale
  • Shopify Affiliate Programme
  • Affiliate Window (AWIN)
  • Amazon Associates

Q. Which are the best affiliate marketing strategies for merchants?

For merchants, a good strategy is to sign up as an affiliate marketing merchant through an affiliate network. This will enable them to connect with various individuals who can market their products for a commission rate.

Conclusion

We really hope that you enjoyed reading our blog on affiliate marketing. If you have some more interesting strategies that you applied to your business that helped it grow, do let us know in the comments below.

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Founder at WebVerge and Team Lead in Business Technology at IIDE

Huzaifa Dhapai is an experienced founder with a demonstrated history of working in the internet industry. A tech enthusiast. He always writes about Tech and Android and is an expert in Google AdSense and Google Data Studio......[Read full bio]

Huzaifa Dhapai

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