15 Best Affiliate Marketing Programs to Grow Your Affiliate Revenue

If you write a blog, you have an excellent opportunity to add a revenue stream to your business through affiliate marketing. While we're not going to try to convince you that you'll become a millionaire overnight, it's important to note that blogger Adam Enfroy brings in up to $30K a month — a month! — from affiliate marketing. And he's not alone. In fact, affiliate marketing is a multi-billion dollar industry in the United States alone, with estimates putting US affiliate marketing spend at $8.2 billion by 2022 (Business Insider). Of course, to earn a chunk of those billions, you'll want the best affiliate marketing tools by your side. That's why we've put together this list!

In this article, we'll be sharing our 15 favorite affiliate marketing tools right now. But before we jump into the list, let's get on the same page about what affiliate marketing is, how it works, and why you'll probably want to get started with affiliate marketing if you haven't already.Best Affiliate Marketing Programs to Grow Your Affiliate Business:What Is Affiliate Marketing?

Affiliate marketing is the process of earning a commission by promoting products from another brand or company. That's https://imwarrior.site/link/slingly2022 it. You basically find a product or service you like, promote it to other people like you, and earn money on the sale. Of course, you can't just choose any product or service you love and expect to get paid. You first have to make sure that the company has an affiliate marketing program. To find out, you can go through an affiliate marketing platform or even head over to Google and search "product you love + affiliate program."How Does Affiliate Marketing Work?

At its core, affiliate marketing is simple: you promote a product and get paid on sales you make. There are several ways an affiliate program can be structured, though. Most commonly, you'll find affiliate programs using one of these three models:Customer Acquisition: You get paid when your marketing results in a new customer for the company.Purchase-Based: You get paid when someone uses your affiliate link to make a purchase.Traffic-Based: You get paid based on how many people you refer, regardless of whether or not they make a purchase.What Are the Benefits of Affiliate Marketing?

If you're not already using affiliate marketing as an additional stream of revenue, you might be wondering if it's worth it to get started. Here are a few benefits of affiliate marketing for influencers and marketers.(Nearly) Passive Income

We say "nearly" passive income because you'll still need to create content and promote your affiliate products. However, you can make sales at any time and you don't have to actively participate in the transaction for it to happen. Many of the affiliate marketing tools on this list will help you automate your affiliate marketing so you can get a great ROI.Flexibility

With affiliate marketing, you're just selling products that you like. You don't have to create, manufacture, store, or ship the products. This means no set hours and the freedom to choose the products you want to promote.Cost-Effective

Affiliate marketing is an easy way to start your own business without making a monetary investment. As we mentioned, you have no physical products to worry about — you just invest the time it takes to create content and promote the products.Low Risk

In addition to being cost-effective, affiliate marketing is low risk. Again, you have no physical products to build or store. You might need to invest in your own domain and a content management system, but those things are pretty cheap. And, if you're reading this, you probably already have those things in place.No Customer Support

As an affiliate marketer, you just sell. No need to think about customer support for the products and services you sell. Of course, the products that you choose to promote to your followers should be high-quality and from reputable businesses with decent support. This matters because you'll quickly lose trust with your audience if you're pushing bad products from bad companies.

Types of Affiliate Marketing Programs

There are several types of affiliate marketing programs you can choose from. The affiliate marketing program you should choose will depend on your target audience’s behavior or on which digital channel they spend most of their time on. Do they prefer to look for deals or do they like to do research beforehand by reading blogs or social media posts?

Let’s take a look at some of the common types of affiliate marketing programs and how they can fit into your marketing campaigns.📢  Review sites

Review sites are a popular choice for affiliates. It’s a good choice if you’re focusing on marketing products that are more expensive, niche, or require more research on the part of your buyers. You can get in touch with a particular review site that’s aligned with the product or service you’re offering and ask them if they are open to affiliate partnerships or if they can provide you with an affiliate link.📢  Loyalty programs

Many large-scale companies offer loyalty rewards to their customers. Often, they also come with a large membership base, giving you the opportunity to market your products as an advertiser.📢  Rewards or incentive programs 

Incentive programs give you the opportunity to market your products or services to a significant number of potential leads. However, this same incentive may produce lower quality leads, which, in turn, can affect your sales. 📢  Coupon portals

Coupon portals are ideal if you’re marketing a new or niche product. Given that there’s no shortage of potential buyers who are looking for good deals, partnering with a coupon portal for your affiliate marketing program can be advantageous. 

Yes, you’re giving a discount for your products, but this also gives you the opportunity to put your product in front of potential buyers. This also encourages customers who have availed of your products to return to your brand and make repeat purchases. 

Do note that this type of affiliate marketing program has its drawbacks. Aside from driving down your profit margins, this may cause your regular customers to only buy your products whenever you offer a discount code.📢  Content marketing portals

Content marketing portals, such as blogs, also make for profitable (for both your brand and your partners) affiliate partnerships. Blogs and websites are valuable channels for posting about the features of your and for reviewing them. Additionally, you can work with bloggers or influencers who are aligned with your brand and  your ideal buyer persona. For example, you can partner with a social media influencer whose focus is on health and wellness. Ask them to feature or recommend your brand, which can prompt their followers your target audience) to check out your website or your products. 

Working with brand ambassadors who have an established following on various online platforms would enable you to expand your reach. Plus, blogs or articles are more likely to organically rank in search engine results pages. This increases the likelihood of your product showing up when your target audience uses search engines like Google. 📢  Email marketing 

Email marketing has been around for ages and has proven to be an effective tool. However, while it may be effective, it’s best to be mindful of how you’re going to go about it. This means working with affiliates who embody your target buyer persona or have a following made up of individuals who are likely to be interested in what you’re offering. 

Refersion is an affiliate marketing network that claims to make influencer and affiliate marketing simple. It’s an all-in-one tool that’s designed to help you quickly launch your promotion network and create smarter brand partnerships for growth. It currently has 16,000 merchants onboard as well as 590,000 affiliates registered. 

It’s a tool that works well for brands that already have an active affiliate marketing program or businesses that want to start one. It lets you track digital sales from your affiliates’ referral, automate your commissions, enjoy access to unlimited commission structures, and create better relationships with your affiliates through its personalized affiliate portal. 

It’s easy to integrate with the e-commerce platform that you’re using, and it lets you monitor clicks and conversions in real time. Once integrated, you can start using Refersion to:

✔️ Sign up your affiliates

✔️ Run and schedule detailed reports

✔️ Encourage customers to become your affiliates