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Like a customer review or an influencer partnership, an affiliate marketing program relies on the willingness of others to promote your business. Without happy customers and a good reputation, it will be difficult to succeed.
However, creating an affiliate program can be a relatively simple effort if approached the right way, and is often a lucrative endeavor for both you and your affiliates once properly established. To help get you started, the members of Rolling Stone Culture Council shared eight essential steps you and your business will need to take in order to run a successful affiliate marketing program and boost your profits.
Build a Solid Foundation
Build the foundation and make sure that it is solid before beginning the program. This way, you will not have to build the plane while you’re flying, making things more difficult than they need to be. In the age of digital advertising, it is one of the easiest ways to make passive revenue, particularly once the legwork has been done. Identify the key components to your program and make it work. – Marla Matime, Voice Media Ventures
Find a Way to Stand Out
Separate yourself from the competition. Affiliate marketing has become extremely saturated with the continued growth of various social media platforms. In order to be successful, you need to stand out to potential buyers because…