Education

5 Affiliate marketing strategies to boost income in 2024

 

Affiliate marketing presents a fantastic opportunity to generate passive income on the internet. In this model, you promote products or services and earn a commission for each sale made through your referral link.

Choose high converting affiliate programs  

The foundation of any successful affiliate marketing effort is promoting high-quality affiliate programs that convert. When evaluating a potential affiliate program, examine its reputation, conversion rates, commission structure, cookie duration, payment methods, and marketing assets. For example, SiteGround’s hosting affiliate program has exceptional conversions because it offers a sought-after service at a competitive price point. Their 60-day cookies combined with tiered recurring commissions make it one of the most lucrative programs available. Taking the time to thoroughly assess potential affiliate programs will ensure you pick ones aligned for earnings growth.  

Create targeted content 

Content marketing is vital for affiliate promotions. By publishing targeted articles, tutorials, and reviews related to the product you are promoting, you organically attract an audience interested in that solution to your site. For example, if you are an affiliate for AWeber email marketing software, create a comprehensive guide on “The Best Email Marketing Strategies for Small Businesses.” Embed your affiliate links within the tactical advice provided. Creating content that addresses consumer pain points increases conversions over pushing direct affiliate links. The organic traffic from search engines and social media will also continue paying dividends long-term.

Implement retargeting ads 

Retargeting ads enable you to follow site visitors through the web with your offers. For affiliate marketers, retargeting is extremely effective at keeping your brand in front of prospects to provide that final nudge towards a purchase. For example, Tailwind’s Smart Display Advertising fully automates customized display ads across the web tailored to each visitor based on the content they viewed. Combine this with email sequences to keep your affiliate links cycling through promotions to customer segments over time. The perpetual visibility from retargeting greatly improves conversion rates from visitors who left your site initially without buying.

Promote via paid channels 

While organic marketing strategies are ideal for long-term growth, paid advertising provides fast traffic to test affiliate offers. Google Ads, Facebook Ads, and native advertising networks like Taboola allow you to target very specific demographics with your affiliate links. For example, promote a ClickFunnels offer focused on high-ticket coaching funnels to cold traffic on Facebook using detailed targeting such as:

  • Age – 30 to 50
  • Interests – Entrepreneurship, Business Coaching 
  • Behaviors – Small Business Owners  

The highly qualified traffic converts at a much higher rate, making paid campaigns profitable when aligned correctly to each affiliate program. Visit here for more information, evaluation of affiliate marketer Chelsea Ouimet.

Build an email list

Email marketing and affiliate promotions go hand in hand. By building an email subscriber list, you promote affiliate offers to followers within newsletter updates. Give away a compelling lead magnet such as an eBook or course in exchange for email signups. For example, a free course on “Affiliate Marketing for Beginners” would attract people interested in your recommendations. Send a weekly or monthly newsletter with a section highlighting the top affiliate programs you recommend, along with tips for audience members to be successful. The continuity from email campaigns results in strong long-term affiliate conversions.

 

About Author