How can referring new affiliate to an affiliate program make me money in future?
That is where 2tier affiliate program work like magic. Affiliates are getting clever each day. So these days, affiliates knew the difference between the different types of traffic the can get paid for. There are a lot of definations though CPM, CPC, CPA, CPL, CPD and many more.
CPM is cost per impressions, when the publisher (website owner) gets paid every time a banner ads is shown.
CPC is cost per clicks, where the publisher ( or email marketer) gets paid every time a banner ads or text link is clicked upon. The other ways of getting paid are grouped together under the term performance marketing, and this where the term affiliate is most commonly used.
Who is an affiliate?
An affiliate is a marketer who sends visitors to another site using a variety of methods such as ( placing banners or text links on their own site, buying sponsored listings on search engines, email marketing and any other different method ) and gets paid hen an action happens.
The action can be lead, ( CPL which stands for cost per sale ), a download ( CPD which stands for cost per download ) and many other variations.
People’s opinion
Some in the internet industry refer to performance based marketing as CPA ( cost per action ) though the term is sometimes used for specific campaigns such as lead or sale. Now that we have got over the hard part, the rest is easy to understand.
Why are affiliates paid?
The affiliate get paid for sending visitors to a specific landing page where an action happens either a lead, a sale, a download or some other sort of actions that the advertiser requires. For example, some advertisers are looking to build up their Data bases, so they pay for each opt in email address they receive.
Others want leads from specific locations, so they pay for zip code to fill in more details. The common denominator is that the affiliate gets paid when an action happens.
Ho does 2 tier affiliate program work?
A 2 tier affiliate program is simply finding new marketers to sign up under you to do exactly what you are doing, that is sending visitors to different offers and getting paid when the visitors perform some sort of action.
So why would you want other marketers to signup under you to promote the same offer?
The answer is simple, you will get paid a percentage of the amount the affiliate you refer gets paid. Sounds complicated? Don't worry it is not hard to understand. For example, let say Millyblog promote 5 different offers on a single affiliate network. It get paid for every lead, sales. email and zip code it generate from these different offers.
Milly now tells Adams about the network and ask Adams to signup using a banner or text link that has Millyblog ‘s referal code built into it. Adams no signs up to the affiliate network under Millyblog and start promoting various offers and advertisers from the affiliate network.
These offers don’t have to be the same offers that Millyblog is promoting. Adams can promote any of the offers in the affiliate network.
Is there good thing about 2 tier affiliate network?
and this is the best part, for any amount that Adams get paid. Millyblog receives a percentage of the amount over and above what Adams get paid. So if Adams get paid $1000 in one smonth, and the 2 tier affiliate program is paying 5% then Millyblog would receive $50 just for referring Adams.
But it gets even better because some 2 tier affiliate networks pay a life time commission. So Millyblog will not get a referral commission just for one month or a year, it receives it for ALL TIME.
If Adams becomes a super affiliate, and start generating a huge commissions every month, Millyblog can just sit back and collect the cheques as he referred him
3 important thing to know about 2 tier affiliate marketing
There are 3 important things whee finding affiliates to sign up under you on 2 tier affiliate programs.
Is the affiliate program or network credible, has power tracking so that your refferals correctly tracked, has a good campaign and offers for the affiliate to promote so that they can actually get money.
Do they pay timeously? Assuming the affiliate network is good what percentage do they pay you on amount the amount your refferal get paid.?
How long will you continue to receive referal commissions ? Some pay for a month, some for a life time and of course there there are y variations in between.
All progranms vary, o compare all programs and see what the industry standard is.
So do your home work and find a 2 tier program that can make you money. read the below post on my 9 best tools for SEO.
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