3 Ways to Sell More Products Using Affiliate Marketing | Try THIS With a Small Marketing Budget

– The simplest way to sell
more products or services is to scale out your marketing budget. The bigger your marketing budget the easier it is to sell
more products and services. But you know what? That’s not realistic for most people. Hey everyone, I’m Neil Patel. And today I’m gonna share with you how to sell a lot more product without having a big marketing budget. (upbeat music) The first thing you need to do is check out affiliate marketing. What affiliate marketing is is you pay other people to
market your product or service. And the beautiful part
about affiliate marketing is you only pay them for
every time they drive a lead or a sale. And you can pick which one it is. And that’s amazing, because if
they’re not driving you sales you don’t have to spend a dollar. Now the key with this is to
incentivize your affiliates. The way you do this is
paying them a nice bounty every time they drive
you a sale or a lead. But before you can do that, you
need to figure out your cost for your product or your service. So for example, let’s say you’re
selling something for $200. But your physical hard cost is 100 bucks. You know you can’t pay out
an affiliate more than $100. If you pay them $100 every
time they drive you a sale you’re breaking even, you’re
not making any profit. You don’t want to do that. You could really offer them 10 bucks. But if you offer them
something that’s too low it’s not gonna incentivize
them to push your offer instead of pushing your
competitor’s offer. So you need to make sure that you’re giving them enough of a bounty where they’re gonna be like, oh my God. This is a lot of money and I’m gonna be happy. The next thing you need to do is check out all your
competitor affiliate campaigns. So go to their websites, look
for their affiliate pages and when you look at their affiliate pages see what they’re offering. You ideally want to try
to at least match that if not beat that. If your numbers don’t work out where you can beat it than of course, you
know, give a lower bounty to your affiliates. And last by not least,
optimize your landing pages. Through using Crazy Egg, you can see how far people are scrolling where they’re clicking,
where they’re getting stuck. And when you optimize your landing pages your conversions are gonna go higher. You can even run AV
tests inside Crazy Egg. And as your conversion rate gets better and even if your conversion rate is better than your competition you can give a lower bounty because if someone drives 100
visitors to your competitor and they only get one sale but you have an optimized landing page and they drive 100
visitors to your website and they get three sales. In theory, you can pay them less because they’re getting a much better ROI on their marketing spend. Do that, and you can generate more sales or a lot more sales without having to increase
your marketing budget. (upbeat music)

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23 thoughts on “3 Ways to Sell More Products Using Affiliate Marketing | Try THIS With a Small Marketing Budget

  1. Good one @neil , How this can apply to services? Is there a tool to track if a visitor turns to be a customer? Please spread some light on this 🙂

  2. *Hey Neil I want you to make a video on how to generate more sales from quora or for free
    Please make a video on this*

  3. You can also contact the affiliates that are promoting your competitors program and tell them about yours, and why it’s better/pays more/converts ect. Good relationship with affiliates also helps – have a Facebook page set up just for affiliates and give them tips on how to best promote the products or services you offer.

  4. How would you promote affiliate program for your product? How could people know the existence of such program for your product without knowing your existence beforehand? Any platform you would recommend?
    Also on a technical level, what would be the affiliate "solution" you'd recommend to implement on an existing site?

  5. Great information. Will you be doing a video on examples of best sales pages with highest conversions?

    You've show some quick ones but would really enjoy a more in depth video.

    You rock!

  6. I enjoy learning affiliate marketing tips from your videos and they have helped me so much see more success than ever before

  7. Hey Neil how are you? Thanks for your video. Would you please make tutorial again in details about On page SEO, Off page SEO and Technical SEO step by step within this year 2019. Thanks Neil.

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