Shopify is a popular cloud-based software-as-a-service (SaaS) ‘all-in-one’ ecommerce platform. According to Shopify research, It has generated over $496 billion in sales during its 16 years of operation. And In the first quarter of 2022, Shopify’s total revenue was $1.2 billion. These statics shows that Shopify is the strongest solution with a ton of useful e-commerce functionality, click-and-drop store themes, and incredible customer service. Simply following a few basic steps will allow you to set up an online business for your Shopify Affiliate Marketing.
Web traffic is a goal of all ecommerce Shopify websites. Driving traffic to your Shopify store and converting it to customers is a struggling process. The ecommerce sector is extremely competitive since new ecommerce enterprises are starting every minute. So, what can Shopify ecommerce firms do to maintain their position as leaders in the sector’s rapid expansion? Affiliate marketing is the easy solution.
What is Affiliate Marketing?
Affiliate Marketing is the type of digital marketing strategy that is used for promoting certain brands and products to receive a commission for each sale. By Affiliate Marketing, you can earn a commission by blogging, social media, email marketing, or various Affiliate Marketing strategies.
The best thing about Affiliate Marketing is, that is beneficial to both parties. Affiliates earn a great commission for sales, clicks, or leads and merchants Merchants benefit from a scalable, relatively low-risk sales and marketing activity.
6 Advantages Of Joining A Shopify Affiliate Program
Shopify is one of the most widely used eCommerce platforms today. It’s adaptable enough for small to medium-sized businesses and organizations to create and manage online storefronts offering items, services, and everything in between. Here are the Advantages, you may get from the Shopify affiliate program.
1. It is a Low-Risk Business
You don’t require any team, or a specific place, to run a business. You can get all the materials from the affiliate networks. And as an owner of the business, spend a minimum amount.
2. Provides Flexible Working Hours
Affiliate Marketing offers a flexible schedule. You can do it even with traveling. It is not a full-day job. To pitch the items to your target market, you can also select and choose which businesses to partner with and which niches to advertise.
3. Best Source for Passive Income
Affiliate Marketing may make the best source of passive income for you if you did it properly.
4. Easily Tracking
Tracking and evaluating your program is easy when you use Shopify affiliate marketing tools. Using unique tracking IDs for each affiliate, you can effortlessly keep track of sales and distribute commissions.
5. It is a Multi-Channel Marketing Strategy
Affiliate is beneficial in both ways. You can affiliate your products on blogs, email marketing, online reviews, and social media networks.
6. Easy To Reach the Target Audience
You may be sure that individuals who appreciate your product or service are visiting your page since you carefully selected your affiliates. People in your network will enthusiastically refer your company to associates who enjoy your brand.
Things to Know About Shopify Affiliate Marketing
Shopify Affiliate Program brings all the companies, business people, influencers, and content producers under one roof. They all are motivating the people for shopping in their Shopify stores. You may earn commissions by referring new Shopify businesses, and participation in the program is free.
How to Affiliate Shopify? As you apply, Your application will be reviewed by the Shopify team, which typically takes 15 business days. When your application is accepted, you will get an email with some starting materials and an affiliate link to promote Shopify. You will receive your reference handle besides the Shopify affiliate marketing tools, which will make it easier for you to keep track of all of your referrals.
The tracking cookies used by Shopify last for 30 days. As long as the visitor signs up for a 14-day free trial within 30 days, you will get paid for the referral if they click on your link and sign up for Shopify. You will receive a one-time commission after the user’s 14-day free trial is over and they became paying customers.
How To Create A Successful Affiliate Program On Shopify?
In-house management of all affiliate marketing activities by businesses, either manually and in-house, or through affiliate marketing platforms, are two ways that affiliate programs can be approached.
While many e-commerce companies initially launch their affiliate programs internally, they soon switch to an affiliate platform. Because affiliate platforms provide all the tools and resources they need. Affiliate platforms streamline every step of the affiliate marketing process for ecommerce firms, from onboarding new affiliates to tracking sales and offering extensive statistics that enable brands to make data-driven choices when developing their affiliate programs.
By providing third-party affiliate platform app integration into its dashboard, Shopify supports affiliate marketing through affiliate networks. It is simple for Shopify companies to incorporate the top affiliate marketing systems in their Shopify stores since these platforms offer applications on Shopify.
Why Affiliate Marketing On Shopify For Ecommerce Brands?
You can start Affiliate Marketing on a low budget. It is also a low-risk marketing method to increase brand awareness, website traffic, and revenue. This is because affiliate marketing genuinely values while also making passive revenue. Additionally, ecommerce businesses just need to pay a tiny fee when a transaction is completed to generate traffic to their Shopify stores and websites.
Moreover, Affiliate marketing also helps to build confidence and trust with online customers, since 77% of them base their purchases on reviews. As a result, when affiliates endorse and evaluate a brand’s merchandise, this increases the social influence of the company and its merchandise among customers and encourages more brand trust and loyalty.
Various marketing strategy is always a better choice to increase your earnings through marketing. One simple approach to strengthen your campaign is to include Shopify affiliate marketing.
Creating your program is substantially simpler because the eCommerce platform already provides a wide range of affiliate marketing tools in its App Store. Before you start, lay the groundwork, develop a plan for your Affiliate Marketing Strategy, and research the tools and applications. Most software offers a free trial period so you may test it out before committing any money.
Yes, To get remarkable success in affiliate marketing, needs patience, commitment, and hard work. It might be difficult to set your affiliate program apart from rivals in this competitive market.