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MenuHow many is too many affiliates for a video training product launch? Is it quality over quantity?
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Response rate depends completely on the effectiveness of your material, quality of your product and site, brand recognition, commissions, etc.
Regardless, with affiliates, the more the better. You are paying commission. There is no real negative to having more effective affiliates.
When doing a product launch it's important that you follow a formula for getting the most out of it. Usually a launch consists of 3 content videos and 1 last sales video, which wraps it up and closes the sale. The content videos lead up to and help answer and solve the problems the market is having.
For attracting GOOOD affiliates, they look a few things:
1. Relationship - Being new to the market and no one knowing you, you have some ground to prove. You can combat this with fantastic marketing.
2. Commissions - Good affiliates are in it for the money and look at EPC (earnings per click) for the promotion. So before attempting to recruit the big boys, test the promotion first with paid traffic and get some core metrics to entice them.
3. The Quality - Warrior type folks are $5 buyers, not $500 buyers, so if that's your market (which is a start) keep your product cheap or else no one will buy. That market is cheap.
4. Build a solid Funnel - For a product launch to make sense for any affiliate it can't just be 1 sale, it should contain upsells, oto's, downsells, and potentially continuity. Get thinking of your upsell opportunities and products.
Lots more to learn. So get implementing!
You're getting great advice here already. One caveat I would add with regards to the number of affiliates is this . . . it depends what your time is worth and who is doing the actual "writing of checks."
If you are using a service like Clickbank where they issue the checks or if you have a bookkeeper who does this for you, no biggie. On the other hand, if you're doing it yourself, you might want to give some thought as to how wide you go. It always sounds great to have 1,000 affiliates, unless you're writing out 977 checks for $7. It's been been addressed in this thread already . . . do what you can to get quality over quantity. As Ali mentioned, there is no negative to having EFFECTIVE affiliates.
It sounds like you're good at relationship building and that will serve you really well in a product launch.
Inspire your affiliates to send their first email on "launch" day, which makes it look like "everyone" is talking about it. Keep them motivated with contests and leader boards. (Never underestimate the power of the iPad. Lol.)
If you know the personalities involved and the rivalries, reach out in personal email and egg them on . . . "Man, you're only 2 sales behind so-and-so! I thought you'd like to know how close you are!"
And as it's been mentioned here . . . make sure you've got an offer, upsells, etc. that deliver. Nothing motivates affiliates more than when you can show them the money!
Have fun with it and good luck to you! :) Dana
Related Questions
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How do you approach an influencer, a "guru" or a podcaster /blogger in your niche offering a commission without being too direct?
Do the opposite. Think about it from their point of view. They get requests like these all the time and most of the time the request comes from random people they don't know. That would be kind of annoying right? You get an email from someone you don't know but they want you to do something for them? You'd delete that email too. Best way to get their attention...get a referral from someone they know and trust. Get someone else they know and trust to introduce you (this is the whole reason I built my business www.reverralriver.com). Referrals work the best. Second best way...develop a relationship with them before asking for anything. Don't email and ask for something right away. You wouldn't ask someone to marry you on a first date would you? Develop the relationship slowly. Give them value before ever asking for anything in return. Over just a few short weeks you could easily establish a relationship to the point where you could actually mention an "ask" which should be very open-ended and create absolutely zero work/friction for the person you are asking. One of my favorite techniques to warm-up a relationship...just email and tell them you appreciated (insert an article they wrote or service they provide, whatever, just stroke their ego). Tell them you're a fan and often point people their way. Then go way above and beyond and find their physical mailing address (it's not that hard to do) and send them a small gift or hand-written postcard in the mail just to say thanks. Then email them once you know they got it and just say thanks again. Then start emailing them various articles or things they might think are valuable, I'd say no more than once every 4 days. Connect on LinkedIN and message them funny pictures or GIF's. Show them you're human. Make them laugh and smile and just say "Hey I appreciate all you've done so just wanted to return the favor and make you smile (insert funny GIF here)". Then, once they know who you are, don't ask them directly to partner...ask them if they know anyone who would be interested in partnering. Below is a template I've used with great success...and the beauty is that they will often ask for more info and get interested themselves, but usually only if you have offered them some sort of value to stand out amongst the crowd. --- Hey (prospect first name), Hope you laughed at the last GIF I sent. I was just wondering if you knew anyone that would be interested in a partnership/affiliate opportunity… Real quick summary… I’m building a SaaS that automates the process of asking for referrals…it uses artificial intelligence to find potential leads in your existing customers network and makes it super simple for your customers to make the referral (one click of a button). If you know anyone that has an audience of people that would benefit from something like this I'd be grateful for an intro. I won't let you down I promise if you can make an intro. I’ll draft up all the marketing material and do all of the work, so all they would have to do is say “ok”, hit copy, paste, and send and I’d be happy to pay them 25% commission for life (or if there is another payment structure in mind I’m happy to talk about it) So what do you think? Can you help me out? Thanks, Parker ---- If you found this useful please upvote. Book a call with me if you want to know more or if I can help further.PW
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How do I best set up an affiliate program through an Apple App?
I believe the commission is just 2 percent and not 7 percent. It's been a while since I've been out of the affiliate game but I believe if you can join their program through commission junction as well.AC
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Can you really make a full time income from Adsense or affiliate marketing?
Yes if you have a site that has traffic these can be great streams of revenue. If you google my name and check or Adsense check you will see me holding a check and what can be possible :)JS
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Can anyone recommend an affiliate network that helped you increase mobile app downloads?
I can help you with some real downloads that would get you Guaranteed App Reviews (Anywhere between 20-1000 App Reviews) Reviews drive the most number of future downloads. Feel Free to talk to me about this opportunity.EL
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What Wordpress Plugins is the best for creating a Multi-Level Affiliate Marketing program?
There is a lot of points in your question which unless someone has the exact same setup as you - I don't think you will get the answers you are looking for. I believe you should limit it by asking yourself: What is the ONE thing the MLM plugin I am looking for can do so that it achieves the maximum amount of result to my business by using it? IMHO - it would be the ability to set commissions for the products you sell and award commissions to those affiliates that actually earn you sales. All other features, while nice, are ancillary features that from the perspective of the affiliate - don't really need in order to be successful. In that regard - I would suggest https://affiliatewp.com/. When it comes to running affiliate programs on WP sites, it wins out as the best in my experience. Hope this helps! Glad to assist any further if you need help.TB
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