Affiliate marketing is commonly confused with referral marketing, as both forms of marketing use third parties to drive sales to the retailer. The two forms of marketing are differentiated, however, in how they drive sales, where affiliate marketing relies purely on financial motivations, while referral marketing relies more on trust and personal relationships.
And those keywords, if you can nudge them up a few spots, you'll see a huge difference in your traffic. You don't even have to nudge them up by building links or anything like that. It could just be as simple as, “Oh this is the keyword that's getting me traffic impressions, but I'm not getting a lot of clicks. Why not?” If you look at your title and your meta description, chances are that keyword is not in there. So if you put that keyword in your title tag and your meta description, you'll get way more traffic.
In the past, large affiliates were the mainstay, as catch-all coupon and media sites gave traffic to hundreds or thousands of advertisers. This is not so much the case anymore. With consumers using long-tail keywords and searching for very specific products and services, influencers can leverage their hyper-focused niche for affiliate marketing success. Influencers may not send advertisers huge amounts of traffic, but the audience they do send is credible, targeted, and has higher conversion rates.
The Internet has increased the prominence of affiliate marketing. Amazon popularized the practice by creating an affiliate marketing program whereby websites and bloggers put links to the Amazon page for a reviewed or discussed product to receive advertising fees when a purchase is made. In this sense, affiliate marketing is essentially a pay for performance marketing program where the act of selling is outsourced across a vast network.
Let me give you a practical example. Recently, we looked at one of our posts that was getting 14,000 impressions a month, and it got three clicks. So something was clearly wrong there, because the click-through rate was very low. But we made some changes to that and even though it wasn't a massive increase in traffic for us at the end of the day, we went from three clicks to about 200. So just keep looking for the low-hanging fruit that you have in Google Search Console, because it's going to add up across the board.
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This is the standard affiliate marketing structure. In this program, the merchant pays the affiliate a percentage of the sale price of the product after the consumer purchases the product as a result of the affiliate’s marketing strategies. In other words, the affiliate must actually get the investor to invest in the product before they are compensated.
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