I'm about to launch my eCommerce business live very soon, and I wanted to test the waters with Affiliate Marketing (and also set up the Affiliate Marketing aspect of my business)
Influencer marketing is going to be big for me and I will do commission-only deals with influencers.
But I also want to do Affiliate Marketing with actual Affiliates.
My Fitness Product is priced at $20 (It's meant to be re-ordered every month as its a monthly used product).
My gross profit margin is 75% (After paying for shipping + packaging + unit cost).
I am considering giving a 50% affiliate commission ($10) to the affiliate. Based on my research, this seems very high compared to other affiliate offers I've seen (11%/$5, 15%/$7.50, etc)
And the fact that the industry average affiliate commission seems to be around 10%.
It makes me wonder if I'm paying too high and leaving money on the table..
---
I've been wondering about High Affiliate Commissions and if they may draw in the "best affiliates" or not. How not all affiliates are born equal, so to speak.
What is your experience/knowledge on Affiliate Marketing and the payment aspect of it?
Any advice on how one can build an "Affiliate Army" that actually delivers massive sales?
Influencer marketing is going to be big for me and I will do commission-only deals with influencers.
But I also want to do Affiliate Marketing with actual Affiliates.
My Fitness Product is priced at $20 (It's meant to be re-ordered every month as its a monthly used product).
My gross profit margin is 75% (After paying for shipping + packaging + unit cost).
I am considering giving a 50% affiliate commission ($10) to the affiliate. Based on my research, this seems very high compared to other affiliate offers I've seen (11%/$5, 15%/$7.50, etc)
And the fact that the industry average affiliate commission seems to be around 10%.
It makes me wonder if I'm paying too high and leaving money on the table..
---
I've been wondering about High Affiliate Commissions and if they may draw in the "best affiliates" or not. How not all affiliates are born equal, so to speak.
What is your experience/knowledge on Affiliate Marketing and the payment aspect of it?
Any advice on how one can build an "Affiliate Army" that actually delivers massive sales?
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