If you are just starting your business, you should consider carefully about your advertising methods. Facebook Ads, Instagram Ads, etc., are popular methods when we think about advertising. They would be a great solution to viral your products faster. However, thinking carefully about that. The good things aren't the suitable things. Because it depends on different factors such as: your business size, your work direction, or your budget, etc. My advice for you is that you should find another more effective and cost-effective advertising solutions. One of them, you can consider about affiliate marketing.
Affiliate marketing is a performance-based marketing strategy in which a business rewards affiliates for each successful purchase from a customer brought by the affiliates' own marketing efforts.
There are three sides of an actual affiliate equation: Product seller (merchant), Affiliate and Customer. Both merchant and affiliate benefit from the idea of sharing revenue. The merchant offer the affiliate a win-win relationship when the merchant can increase sales while the affiliate gets the reward in form of commission. This method is saver and no risky. Because you only need to pay commission for your affiliates whenever they bring sales for you.
This marketing model is friendly for newbies. To build your affiliate team, you can start easily with these basic steps:
Create affiliate program: UpPrmote: Affiliate Marketing classifies affiliates per program so you can easily manage each affiliate group. Each program has one commission rate (offer). So to start working with Affiliate marketing using our app, you (the merchant) need to have an affiliate program. In the program, you need to set a commission rule and a special product commission rule (if any)
Create affiliate registration form: In order to join your program and become your affiliates, affiliates need to sign up the Affiliate registration form. By filling the form, they will provide their detail information for you - the merchant. You can post this registration on your shop menu to invite your visitors to join your team.
Referral orders: any order made by customers thanks to affiliate will be counted as a referral order. UpPrmote: Affiliate Marketing will help you track automatically via the real-time tracking system.
Affiliate link: Affiliate link is generated automatically by UpPrmote: Affiliate Marketing when they get activated. Affiliate will use that link to promote the merchant shop and any order made through that link will become a referral order.
Affiliate contact/support email: the email address which will be displayed on Affiliate account in case they want to contact the merchant. (This email address can also be used as sender's email while sending notifications to affiliate if you enable that feature)
Network commission (Multi-level marketing): the commission an affiliate would get if the affiliate who they invited to the affiliate network brings a referral order.
Commission level: network commission rule. Level will be based on the relationship with the affiliate who directly bring referral order.
Here is a real story of a success business using affiliate marketing: Armin Reischer: How we monitor all affiliates and boost our sales – Blog Uppromote
I hope my recommendation is helpful for you! Good luck with your business!
All the bests,
UpPromote: Affiliate Marketing