According to Built With research, 3.9 million active Shopify websites exist today, of which about 2% have high traffic volumes on the whole internet. Throughout World, 15% to 30% of businesses generate sales from affiliate Marketing.
Suppose you‘ve already set up a Shopify Development Company -or considering building one soon. Then affiliate marketing is the best way to drive traffic to your website.
The Shopify Affiliate program offers an excellent opportunity for bloggers to earn passive, recurring income.
In this blog post, we will discuss How to set up a Shopify Affiliate program for your Store and the five best Affiliate marketing apps for Shopify in 2023.
What is the Shopify Affiliate Marketing Program?
The Shopify Affiliate program enables you to work with Shopify and earn money by introducing clients. Entrepreneurs, educators, influencers, and content creators may use the Shopify Affiliate Program to inspire and educate their audiences about entrepreneurship. The program is free to join and allows you to monetize your audience while earning commissions on each new Shopify merchant referral.
How Does the Shopify Affiliate Program Work?
- After you sign up for the program, you will be given a unique affiliate link.
- You can then use this link to direct readers to Shopify in your blog articles or social media material.
- Tell them about the advantages of Shopify and why they should join.
- The link can also be used in banners and landing pages.
- Shopify will pay you if someone clicks on the link, joins Shopify, and becomes a paying subscriber.
How to set up a Successful Affiliate Marketing Program for your Shopify Store?
Setting up a Shopify partner program is simple and easy. Follow the below steps:
1. Select Your Products:
You must first pick the items you wish to include in your affiliate program. Having all of them or focusing on select categories or goods would be beneficial.
The greatest thing you can do is list goods with the highest AOV (Average Order Value). After all, a 5% commission on a £100 product is far more tempting to a partner than a 5% commission on a £10 product.
2. Decide Your Commission Rates:
After you’ve decided which goods to include in your affiliate program, you’ll need to determine your compensation rates.Typically, businesses will provide a financial incentive for recommendations and sales, which is always the best motivation. If you want something other than cash, you may give vouchers or money off future purchases based on how many recommendations a partner creates.
3. Choose an Affiliate Management App:
In 2023, many affiliate marketing Apps will help you quickly and easily set up your affiliate network. In the below section, we are going to discuss the five best Affiliate marketing Apps for Shopify in 2023:
Shopify’s UpPromote app is among the top Shopify affiliate app. You can create custom commission rates from within the app and find more affiliate partners for your store.
2. Lead Dyno:
LeadDyno seamlessly integrates with Shopify and offers personalized dashboards for each affiliate partner. You can engage, track, and pay your affiliate partners based on their referral links with just a few clicks.
Refersion not only allows you to manage and pay existing affiliate partners, but it also offers you access to over 5000 new partners. This makes finding new affiliates and influencers for your Shopify business a breeze.
4. Growth Hero:
GrowthHero is a feature-rich, all-in-one affiliate, influencer, and referral marketing platform for your store, app, or business.
5. Social SnowBall:
Social Snowball is a Shopify Affiliate app that assists you in increasing sales by managing affiliate campaigns and incorporating customer referral programs. The monthly fee begins at USD 99.
What are the Pros and Cons of the Shopify Referral Program?
|It offers plans for merchants of all sizes, from single-person startups to giant firms.||A $150 commission rate could be more generous, mainly if you sell a $299/month Shopify Advanced plan.|
|Zero start-up fees||Referrals and sales take some time; seeing them may take some time.|
|Referrals serve as word-of-mouth advertising for your company.||Affiliates can leave your program anytime if they don’t see the expected rewards.|
|Introduces your brand to new audiences who might not have found you otherwise.||You must have a sufficient budget prepared to cover the commission charges.|
You’ve already learned how to build a successful Affiliate Marketing program for your Shopify business and which Shopify affiliate marketing tools are the best. So it’s time to go to work. Build your affiliate program and expand! Good luck!
If you still need assistance with making sales for your Shopify store? Originate Web Solutions can assist you. Let’s sign up and build your business together.
Frequently Asked Questions:
Is the Shopify Affiliate Program Free?
The program is free to join and allows you to monetize your audience while earning commissions on each new Shopify merchant referral.
How Much Do Shopify Affiliates Make?
Depending on the merchant user plan, affiliates can earn between $58 and $2,000 for each enrollment. The Shopify commission is a one-time payment equivalent to 200% of the merchant’s monthly membership charge for standard plans (Basic, Shopify, Advanced) and $2,000 for a Shopify Plus subscription.
Is the Shopify Affiliate Program Worth It?
Yes, the Shopify Affiliate program is a great way to earn money if you are a Content creator with an established audience.