Affiliate Marketing Earnings. As an affiliate marketer for over 6 years, I have seen many marketers fail to increase their earnings (in a smart way).
Before we go down into business and understanding more about affiliate marketing earnings, let me ask you something.
Do you know that you can make money from affiliate marketing outside from your blog?
Fact #1: Affiliate marketing is only 50% blogging
Here's a real fact—affiliate marketing is related closely to blogging. I make around $8,000 a month through affiliate marketing and a nice chunk of it (around 70%) comes from my blogs.
If you want to be success in affiliate marketing, blogging is important and you should focus on creating a blog that share worthy.
Fact #2: Affiliate marketing is 50% lead generation and automation
According to the recent survey done by Google and Yahoo, it takes around 7 to 11 times for a person to make a purchase after the initial encounter.
What happens when they first visit your site (let's say to read on a review) and goes away? They probably end up reading more reviews and blog posts on the same product and finally, deciding on purchasing several days later.
Damn. This means the sale is not going towards you but to the last click (which sucks). 🙁
The first solution: Email marketing
There must be lead generation forms on your blog posts to encourage them to fill up and be kept updated with whatever you are offering/they are interested in.
And when they put in their email addresses and hit the 'send button', there's where the magic happens. Email automation kicks in and the potential buyer goes into a sales funnel before being convinced to purchase the product/service.
Ramit Sethi from I Will Teach You To Be Rich uses email marketing funnels to convert website visitors into paying customers (up to $2,000 per online course) without even having to meet them face to face.
However, there's something you should know about email marketing and affiliate marketing. Both of them don't pay well (especially service providers). For example, MailChimp will shutdown your account if you are caught selling/promoting affiliate products.
Lucky for you, the best email marketing tool for affiliate marketers is AWeber. Thousands of affiliate marketers use this tool and have zero issues with it. The best part? You can try it for 30-days free (without a credit card) using this link.
The second solution: Automated lead generation forms
No one signs up for your newsletter simply because you asked for it. Seriously, no one (unless your family members).
If you are using WordPress, you might be thinking which is the best lead generation plugin you should be using. Well, after testing over a dozen lead generation plugins, the best one is still Thrive Leads (click here to see the demo).
Why choose Thrive Leads over others such as OptinMonster?
For me, it relates to the pricing and straightforward features. Thrive Leads is not differentiated with the different packages and plans (with different prices). You pay for a fixed fee and every feature is unlocked. Unlike OptinMonster (for example), you are required to choose the different plans where each plan comes with different features. Ultimately, you are required to pay a hefty figure if you need to unlock many features. You can find the comparison between Thrive Leads vs OptinMonster or take a look at OptinMonster pricing page for more clarification.
Are you ready to increase affiliate marketing earnings?
In today's world, the competition is real, especially when it comes to affiliate marketing. It takes more efforts to close a sale and you need to take the right actions if you are serious in increasing affiliate marketing earnings.
Make no mistake as this will not be easy but definitely something worth doing.
What do you think? Leave a comment below and tell me what you think!