by BobTheTeacher · Filed Under: Affiliate Marketing · Bob The Teacher Training · Discover Affiliate Strategies
I recently wrapped up the Discover Affiliate Strategies Virtual Seminar, and in Module 6, I taught all about creating your own affiliate program to gain more exposure and generate more revenue for your own products and services.
One question I addressed in Module 6 is a common one I receive from my coaching clients and subscribers:
How can I get more affiliates to promote right now?
One of my favorite strategies…
Give A Limited Time Commission Bump
A real example of this was announced today by Groupon, which is doubling their normal referral bonus for 2 weeks (for up to 5 referrals).
And why do you think Groupon chose the last 2 weeks of the year to run this promotion? Because they know to get the most traffic to their site during a busy holiday season, when competition with other deal-a-day sites is at its peak, they need to stoke one of their top sources of traffic: their referring members.
Of course, when you do a commission bump, you’re giving more of your profits to your affiliates. However, this move will typically be rewarded by increased promotions now and continued loyalty to your program down the road.
And to learn more affiliate strategies to increase your revenue (both promoting other people’s products and selling your own), check out the entire Discover Affiliate Strategies Virtual Seminar today.
To your empowered success!
p.s. Did you get your affiliate marketing checklist yet? Print it out and keep it by your desk!