PBF36: How To Make Money With Your Podcast Through Affiliate Marketing
By Bill Griggs and Kingsley Grant
Podcast By Friday Episode 37:
One question we see a lot is How to make money with your podcast? One of the fastest methods is through Affiliate Marketing.
In this episode of the Podcast By Friday show Bill Griggs and Kingsley Grant talk about ways to make money with your podcast through Affiliate Marketing.
Money through affiliate marketing?
What is Affiliate Marketing?
A marketing arrangement by which an online retailer pays a commission to an external website for traffic or sales generated from its referrals.
Affiliate marketing at it's very core is about relationships,
A relationship between three parties:
Advertiser … create a product and is ready to pay other people to advertise it
Publisher … is an individual or company that promotes an advertiser’s product or service in exchange for earning a commission.
Consumer … sees the promotion, clicks the link that takes them to the publisher’s website where they complete the transaction
Why would we want to do affiliate marketing?
Revenue
Relationship
Sell others product (See ep. 36 for a more detailed explanation)
Promote a product that you love
When should we start affiliate marketing?
As soon as you find a suitable affiliate
When you have a product that you would like your audience to know about or use
Mailing list and our different opinion on such
How do we go about doing affiliate marketing?
Researching markets that you would like to have an affiliation with
Contacting / Reaching out to the publisher/creator
Affiliate directories … ClickBank, CJ.com (Formerly Commission Junction), Rakuten, etc.
By listening to other people’s affiliate announcements … see their resource page
How do you get paid?
The arrangement based upon each affiliation. E.g Some have a threshold as to what is the minimum commission prior to sending you a check … eg. Amazon, Bluehost, etc.
Have a checking account to receive payment
Your Assignment:
Do Google search for the product you love and will benefit your audience with the word affiliate at the end of the search and sign up for the affiliate program … keep trying until you find one.
Links Mentioned:
FTC regulations:
https://marketingland.com/ftc-disclosure-guidelines-affiliates-merchants-need-know-184719Podcast by Friday is a show that helps people create their Minimal Viable Podcast (TM) by taking bold action to defeat procrastination and get their voices heard.
Just in case you missed some of the episodes, here are the Podcast recording and video software we use:
Recording Software:
*some of the links below are affiliate links.
Audacity
Garage Band
Pamela For Skype
Call Recorder For Skype
Vodburner
Adobe Audition
Camtasia Studio
*some of the links above are affiliates
Podcast by Friday is a show that helps people create their Minimal Viable Podcast (TM) by taking bold action to defeat procrastination and get their voices heard.
Bill Griggs contact info:
Twitter: @BillGriggs
Websites:
http://podcastbyfriday.comhttp://cncroutertips.comKingsley Grant's Contact info:
Twitter:@kingsleygrant
Website:
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