Despite having the best products under your sleeve, getting the first sales in your eCommerce business can prove to be extremely tiring. When you start, it becomes crucial to make profits and reinvest them to generate more sales. However, making a profit in the first place requires traffic. One of your best bets out of this continuous cycle is to try affiliate marketing.
Affiliate marketing can be a big term for a newbie, but this article covers all the basics on how to start affiliate marketing with the best affiliate software solutions.
What exactly is Affiliate Marketing?
Affiliate marketing is a marketing program whereby you partner up with established eCommerce entrepreneurs, or other external partners and reward them with commissions for delivering specific results. The results can be anything ranging from lead forms, free trial users, to valid sales.
With the increasing popularity of eCommerce businesses, affiliate marketing has also been gaining momentum. It is a great option for people who have just entered eCommerce businesses, as it offers a 100% guaranteed return on investment with no upfront costs since affiliates are paid through commissions.
How to Start Affiliate Marketing?
- Invest in an Affiliate Marketing App
The first step in your affiliate marketing journey is to invest in an affiliate marketing app.
Affiliate marketing apps are the marketplaces where you can find affiliates and promote your products. These apps make it easier to find affiliates, and charge monthly fees for doing so. They also track the sales you are generating, and how much commission you should pay your affiliates. These apps also provide special sales links or discount codes for affiliates to track their own revenue.
- Find Affiliates
The next step in affiliate marketing is to find the right affiliates of your niche who can promote your products to the right audience. If you associate with an affiliate software program like Social Snowball, this step can be automated for you.
Affiliate marketing apps make it easier for you to contact affiliates since they already have a pre-built audience of quality affiliates. You can use the search feature of these tools to find the best affiliates and affiliate programs for your niche of work, making it easier for you to target your specific audience.
- Determine the commission percentage of your affiliate program
Setting your default commission percentage is another step in the process of starting an affiliate marketing program. While the percentage can differ from partner to partner, a standard, base, default commission percentage can prove to be beneficial in allowing you to set your plans properly, and help you approach potential affiliate partners with ease.
It is important to offer generous commission percentages, especially when starting out. Generous percentage equates to well-established trust, thus leading to more sales. The science of commission percentage is simple, the higher you offer, the more an affiliate will be interested to generate sales for you. Needless to say, your commission percentage is an investment for your future sales.
Affiliate marketing is one of the best ways of guaranteeing a return on investment for your eCommerce business. Using affiliate software solutions like Social Snowball, you can easily find affiliates in your niche, and increase revenue. It is a great way to build strong relationships with customers and other businesses of similar niches to yours.
Social Snowball has been created to harmoniously convert your customers and store visitors to affiliates, thus working around the clock to bring in new sales. Automate word of mouth marketing for your new eCommerce business by starting your 10-day free trial of Social Snowball today!