Assuming you already have basic affiliate industry knowledge. Therefore, I’m going to share the real working tips that will help you start a successful affiliate marketing business.
For the benefit of the larger reader audience of this blog, let me briefly explain why affiliate marketing is not only sustainable but growing in 2024.
Affiliate Marketing: Best Way to Generate Passive Income
As you know, affiliate marketing is among low hanging fruit anyone can get. It’s due to the following reason has been the choice of the business among other options:
1. No / low capital requirement
You can get started with literally nothing as a tangible investment to nominal to get early traction easily. No other business option has this key differentiator.
2. Easy to learn and expertise
Even if you’re from a non-tech, software industry individual or company, you can think of starting an affiliate business and yet it would be relatively less effort seeking to grip on it. Today, the most successful affiliate marketers are from a non-tech background.
3. Work from home
No physical office, shop, or inventory is required that needs you to move the resources and arrange things. It’s all online without any one-on-one meeting.
4. Almost zero risks, liability
Since you’re promoting products from authentic sources, your users refer to your links to make shopping from those portals, and in case of any issue with products/services, they get in touch with the portal, leaving no liability or risk on you.
There are many such reasons the affiliate marketing is the choice of the start-up even in the year 2024.
In affiliate marketing, there are various modes one can pursue as a business. However, the most effective of all has been the coupon cashback portal. Earn with the pay-per-sale model. Your earning is when a user purchases any product or service from your affiliate merchant partner, which makes a win-win situation for you and the customer too.
In a typical affiliate marketing model, you keep 100% of those earnings with you, leaving the user to avail of the service/product from the referred merchant without any rebate.
Here we are going to discuss the first thing to adopt to become a successful affiliate marketer.
1. Reward users with a cut from your commission
So in typically affiliate marketing, you just promote products to people to the right people, and on a successful purchase you get a commission but there are other ways you can reward your users with extra benefits when they shop online.
One of the best ways is coupon cashback websites. In this coupon cashback affiliate model, you pass some percentage of commission to your customers as cashback.
This results in loyal and recurring customers to your cashback website and more success in affiliate business. Customer acquisition with recurring sales are very much important.
There is one question that arises, how does this extra cashback work on cashback websites? or Do I need to manually pass the cashback to my customers individually? No, all these processes and calculations can be done automatically.
There are some cashback solutions available that provide fully automated cashback script. You can set the percentage of cashback you want to pass to your customers in the admin panel. The whole process works fully automated.
You will get merchant’s campaign affiliate links once you integrate with them. Coupon, deals and data can be imported in your coupon cashback website through API.
Cashback coupon websites are effective ways to do affiliate marketing. Most of the processes are fully automated. You can start your cashback affiliate business with part-time efforts. You don’t need to spend 8-10 hours a day to run this business once the setup is done.
Specifically, after the pandemic, people do a lot of shopping online and they often seek offers and cashback. One of the best ways they can find discount offers is through cashback coupon websites.
It creates an opportunity for affiliate marketers to grow their revenue with this new way of affiliate marketing.
Learn more about how to start a cashback business in a detailed guide.
some of you might have a question what is the benefit of passing the commission as cashback from the commission you get from merchants? It works so well with the volume of customers.
Merchants usually offer the same commission rates for all affiliate marketers. If you are able to get a high volume of traffic and make sales for them, you can apply for high commission rates.
So how can you get a high commission rate for coupon cashback websites?
Here is the second thing to consider for your affiliate business success.
2. Negotiate better commission rates
When you show traction for a merchant, you can negotiate for better commission rates or unique/exclusive campaigns from the merchant to offer the highest cashback for that merchant and exclusive deals.
One of the cashback portals contacted 1mg.com for the app install campaign and negotiated the rate of Rs. 250 per install + first purchase. They were able to generate a few thousand sales in a single day due to an exclusive campaign coupled with social media promotion.
Tips to earn a massive affiliate commission for the cashback portal.
1. Robust portal with tech right solution
Get the cashback portal done such that it’s a bug-free, rich user interface, and refreshing design. In addition, beautify it with appropriate graphics, content, merchant logos, best-handpicked coupons & offers to get better results.
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In addition, test the website for all pages, and functionalities from the end-user perspective.
2. Create rich content based on keyword research
Focus on long-tail keywords with medium to low competition. Focus on the start-up e-commerce website portal-related keywords to find the real juice of organic SEO.
3. Social media profile pages
Create a social media profile page with your domain name, feature with logo and appropriate graphics image, and share the page with your friends and connection to create the first batch of likes and followers.
Post handpicked offers every day. Ideally, post 3-7 handpicked best deals every day on all social media portals. This can be an important factor for an affiliate marketer.
4. YouTuber channel
Create a YouTube channel and share 2-3 deals with simple flow and voice-over in a week because there are so few people who hardly keep in practice and whoever does gets the advantage.
Lots of affiliate marketers are promoting product deals and offer via videos and earning passive income from YouTube.
5. WhatsApp / Telegram channel
Create a channel on WhatsApp and Telegram to attract all your users to join it. Likewise, share handpicked offers to improve the conversion rate.
6. Email newsletters
Send email notifications to users with handpicked offers and exclusive deals from the newbie affiliate campaigns.
7. Exclusive Campaign Promotion
Contact relatively newer merchants for their exclusive commission rate, coupons, and offer campaign. Above all, this has been one of the great differentiators for you to acquire a lot of users and improve conversion.
8. Payout cashback timely
Release cashback payment as soon as the transaction is marked as confirmed by the network. As a result, this instills huge confidence in the users’ community.
9. Refer & Earn
This has been a robust technique to attract the initial user base and increase the user base exponentially in a shorter time. Our developed system has enough fraud detection and prevention in place to prevent any abuse of the system.
10. Share & Earn
Opt for an add-on feature of share & earn. Consequently, this helps your users to create cashback-trackable links and promote them on their social media. Also, anyone purchasing from that link will be made a user who has shared the offer eligible to earn real cashback.
11. Rewards top contributing members with a bonus
Take care of top contributing users by personally getting connected and socializing with them. In addition, reward them with special gift vouchers, bonus cashback, etc to motivate them to do more.
12. Create a leaderboard blog
List top-performing users with their pics on your blog section with their consent. Hence, this will motivate all the readers to take the extra effort to be eligible to get featured.
13. Write a niche-specific blog
See what’s trending in the cross-section of time and write a brief blog with a list of offers. For instance, the top 10 deals to the eye in Flipkart Big Billion Day sale, etc.
14. Tight communicates shoppers
Never let any user down with irresponsible replies. Take care of your brand image is positive across the platform. Replies on Google reviews, Facebook comments, tweets, and other platforms in real time. Such efforts bring value to an affiliate marketer.
Refer to this additional guide on marketing strategies for cashback websites.
3. Tap in start-up e-commerce portals affiliate programs
More often than not, all cashback website start-ups make the mistake of targeting audiences from top-tier merchants, leaving them struggling continuously.
This is the wrong strategy when you’re starting an affiliate business in the year 2024 and targeting merchants who existed for more than decades. Most of the keywords are already ranked for other cashback portals that have better domain authority.
For the SEO strategy, you will easily rank the merchants which are less popular.
Hence, create a strategy to promote top merchants, but the focus must be on start-up e-commerce platforms that are looking for a scale. Also, ready to pay a decent commission with cashback offers.
There are literally so many ways to grow your affiliate marketing business. Coupon cashback websites are still not as competitive as blogs promoting products with affiliate links. Cashback websites business is highly scalable and profitable business.
With the robust cashback business solution that EnactSoft provides that is technically structured, SEO friendly, and the right content with appropriate marketing strategies, you can start flying high within 3 months from the launch of your affiliate business.
Be consistent, brave, innovative, and do hard work. In other words, you’ll be among those top coupon cashback affiliate marketers sooner.
Our experts are always at your disposal to help you get more insights. Comment below or contact us for any personalized consultation.