Shopify Affiliate Review: Commission, Earning Money, More

Is it difficult for you not to know how to make money with affiliate marketing, but you’re not sure where to begin? The whole point of affiliate marketing is to make a ton of money with little or no effort on your part, right? That’s what a fast Google search would lead you to assume, but as always, the truth is more complicated.

Yes, affiliate marketing is a viable way to make money. It’s worth it. Even as you sleep, you can make money. In this post, we’ll show you how to make money via affiliate marketing and build a passive income.

Related: How to Start an Online Business?

Shopify Affiliate Program

The Shopify Affiliate Program assists educators, influencers, review sites, and content creators in educating their audiences about entrepreneurship with Shopify while also earning commissions on their referrals through the program. In an affiliate program, affiliates advertise your products and direct potential buyers to your Shopify store in exchange for commissions. Affiliate programs are becoming increasingly popular.

A win-win situation for everyone! The result is increased traffic to your Shopify store with little or no initial monetary investment on your part, and affiliates are compensated for each consumer who makes a purchase after clicking on their referral link. The majority of Shopify affiliate applications require paid subscriptions, however many of them provide free trials so you can get a feel for their platforms.

Shopify Affiliate Program Commission

What is the commission rate for Shopify’s affiliate program? Shopify offers affiliates commissions of up to 200 percent (100 percent of the first two payments by a new customer). 

The most frequent type of affiliate commission is a percentage commission, with the average affiliate commission ranging between 5 and 30 percent. Defined-amount commissions, on the other hand, may be a good fit for your company if you sell only a few specific products at a fixed price.

You have a well-established following. Make original material such as online courses, blog posts, videos or guides to share with your audience. You have previous work expertise in commerce, entrepreneurship, Shopify, or other ecommerce platforms, among other things. You have read and understood the Shopify Partner Program Terms and Conditions.

Can You Make $3000 a Month as a Shopify Affiliate?

As an affiliate marketer, you can make a substantial amount of money from only one affiliate program, if you promote Shopify in the proper manner. If your aim is to earn $3000 per month, you would need 52 of your visitors to sign up for the Basic Shopify plan using your affiliate link in order to achieve that goal.

Consider the following scenario: you have high-quality content with a 2 percent conversion rate. With this conversion rate, you would need at least 2500 individuals per month to read your Shopify-related material in order to break even.

Most likely less because some customers would want to upgrade to the more expensive Shopify plans, for which you receive a bigger fee. To earn $1000 per month from your website visitors, you would only need 17 of them to sign up for the Shopify Basic plan. In order to achieve the same 2 percent conversion rate, your website traffic would need to total only 850 visits. Even with a brand new website, this is not a difficult goal to achieve.

Related: How to Start an Online Business?

How to Make Money with the Program?

As soon as you have a website and have signed up with an affiliate network, it is time to begin monetizing your site through affiliate marketing.

Create Great Content

When starting out in affiliate marketing, most newbies simply publish some random material and insert affiliate links throughout the article in an attempt to make some money. If you actually want to increase your affiliate revenue, you must ensure that the information you produce is seen by your target audience. That method may or may not be successful.

Your target audience is someone who is interested in purchasing a product but is unsure as to whether or not the product is worth the purchase price. In other cases, the user may not even be aware of which product to purchase in order to meet their requirements.

As an affiliate marketer, it is your responsibility to assist consumers in discovering the most appropriate product for their needs through high-quality content, assisting them in making a purchasing choice, and then guiding them to the product website for the purpose of completing the transaction.

You should begin incorporating affiliate links into your content once you have completed your keyword research and generated some content ideas of your own. The manner in which you include your affiliate links will vary depending on the particular post you’re authoring. A product review would not make sense if you were to include affiliate links to five distinct products in the same post.

Again, you want to advertise your connections as often and as effectively as you can in the most appropriate way. Best Practices Recommendation: Before you begin sprinkling hundreds of affiliate links around your website, consider investing on an affiliate link plugin. It’s difficult to imagine having to go through and update hundreds of expired affiliate links when you have no idea where they’ve been placed on your website.

You’re looking at hours of headaches and thousands of dollars in lost revenue due to expired links that you’d forgotten about until now. It also allows you to disguise affiliate links so that they appear short and tidy, making them easier to post via email and social networking sites. Moreover, if the day ever comes when you’re required to update old affiliate links from your partners, you’ll be able to do so in minutes rather than days.

Plus, if you do happen to run into any difficulties, they have a fantastic support crew available to assist you at every step of the process. Now that you’ve developed the appropriate type of content and properly positioned your affiliate links (while utilizing an affiliate management plugin), it’s time to take things to the next level with targeted conversion campaigns.

You may be interested: What is an ecommerce platform?

Convert Your Site Visitors Into Affiliate Customers 

One of the most common mistakes novice affiliate marketers make is assuming that in order to double their profits, they must double their traffic. This is incorrect. In reality, this is not how things work, which is fantastic news for you! 

Consider the following scenario: you’re pushing a product on your website that pays $50 in affiliate commissions for every sale you generate. And suppose your affiliate conversion rate is 2 percent, which means that for every 100 people you provide to that website, 2 of them will make a purchase from the website’s affiliate.

This means that the CPC (cost per click) you earn is $1 for every click you perform.

(CPC = total affiliate money divided by the entire amount of traffic you sent)

But what if you had the ability to send two times as many visitors to the affiliate product site? As a result, you might potentially quadruple your affiliate money based on the CPC. Even better, you won’t have to worry about increasing traffic to your website. Instead, you might simply implement a conversion optimization strategy that increases your revenue.

With the help of conversion optimization software such as OptinMonster, you can enhance your revenue by converting a greater proportion of your existing traffic into paying clients. This is, without a doubt, MUCH EASIER than dramatically increasing your website’s traffic.

Run Campaigns When Users are More Likely to Purchase

When it comes to popup campaigns, the importance of targeting cannot be overstated. You can show a popup campaign to the appropriate users at the appropriate moment if you target them correctly. Using the example of a popup, research have shown that the optimal time to display one is when a person is ready to leave your website.

If your users are going to leave your website, you can send them a popup that advertises an affiliate offer. This is made possible by OptinMonster’s Exit Intent technology. Our clients use Exit Intent in conjunction with Page-Level Targeting and have experienced tremendous success.

Targeting affiliate offers at the page level allows you to develop affiliate offers that are customized to specific pages on your website. Consequently, when a visitor is reading one of your posts, you may show them a campaign that spotlights the EXACT affiliate product you’re marketing in that article, which will increase conversions.

A highly focused campaign is more likely to convert than a generic campaign since the offer you advertise in that campaign is highly targeted. FlyWheel, a WordPress hosting firm, employed page-level targeting to increase engagement by 660 percent on their website. As an example, consider Crossrope, a fitness-related company. Their email list increased by over 900 percent as a result of using exit-intent popups to capture leaving traffic.

Maximize Current Traffic

In order to take this next step, we must follow a strategy that is guided by something known as “the 80/20 rule.” In this situation, the 80/20 rule says that 80 percent of your revenues will come from 20 percent of your content, which is a significant amount of money. Although it is evident that this is not a precise metric, the underlying premise remains unchanged:

Determine which of your content pieces converts the best and make it a focus for affiliate campaigns. In order to improve affiliate sales, it is necessary to identify which posts or videos are engaging with your audience. OptinMonster allows you to develop a focused campaign to do this. Making campaigns for each page on your website is a lot better strategy than creating campaigns for every page on your website at random. What is the best way to get started?

Enter your Google Analytics dashboard and discover the articles that are bringing in the most traffic. Then design targeted advertisements for the URLs that are bringing in the most traffic.

Use Email List to Increase Affiliate Revenue

Whatever way you look at it, email marketing is still the most effective method of generating passive money. Almost all of the other approaches are inadequate in some way.

SEO is excellent until Google changes its algorithm and your ranks plummet. Then SEO is no longer effective. Paid advertisements might produce speedy results if you have the financial resources to fail your way to the top. Even then, paid advertisements require continual monitoring and attention in order to maintain good conversion rates.

Your email list, on the other hand, is traffic that is always yours. Furthermore, it is brimming with people who are interested in your niche and have previously expressed an interest in your content. Because you know they’re interested in your niche, you can be confident that they’ll make a good target audience for your affiliate marketing campaigns.

Ginee Helps You in Shopify

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