Wednesday, March 16, 2011

Five-Part Series on Affiliate Marketing: What Not to Promote

This is the third article in a five-part series for resume writers interested in affiliate marketing.

A key part of the affiliate marketing process is an understanding of what you want to promote and not. This is the third thing you need to make affiliate relationships work. There are certain things that you should not be promoting. This brings us into the discussion of what you shouldn’t be selling.

For example, have you ever visited a resume writer’s website and he or she had Google Ads on the home page — and the ads are promoting low-cost resume writing services? (I tried finding an example for this blog post, but fortunately, the majority of resume writers realize this is a huge "no-no.") If you do use Google Ads on your site, did you know there is a setting you can adjust on Google AdSense to eliminate your competitor’s ads from being shown on your content?

However, if you’re looking for complete control of what appears on your website and/or blog, don’t affiliate with Google AdSense. Even though you can exclude direct competitors, you still can’t control exactly which ads, from which companies, will appear on your content.

When working as a direct affiliate (that is, not just hosting ads on your blog or website or in your newsletter), you don’t want to promote any product that you don’t have personal knowledge or experience with. After all, as an affiliate, you are basically endorsing these products. You are staking your reputation on the products and services you choose to affiliate with. One definition of the word affiliate is: A company in which another company has a minority interest; more generally, a company which is related to another company in some way. So when you become an affiliate of a company, you are tying your brand to their brand. This is why it is important to carefully consider which products and services you choose to promote.

Tuesday, March 15, 2011

Five-Part Series on Affiliate Marketing: Your Online Presence

The second step in developing effective affiliate relationships is having a website, blog, or online presence. 

E-newsletters are nice, but you’re not going to get everyone to opt into receiving your e-newsletter. So if you don’t have some other online presence — and most often that is a website or blog — you’re missing out on the opportunity to talk to non-clients — or prospective clients — about your services — but also your affiliate marketing services.

The same content-to-advertising ratio used in e-newsletters applies to your website and blog. Make sure you’re providing useful content in both of these forums — and don’t­ let it overshadow your primary marketing focus — whether that’s resume writing or career coaching.

And make sure you disclose your affiliate marketing relationships. (But that's a whole other blog post!)

Monday, March 14, 2011

Five-Part Series on Affiliate Marketing: Your List

This is the first in a five-part series on Affiliate Marketing, building on our "Introduction to Affiliate Marketing for Resume Writers" post last week. The first post focuses on your list.

Those in the affiliate marketing world believe the list is the Holy Grail. But it’s not just the size of your list that matters. Frankly, the quality is more important. If I gave you a phone book, you’d have a list. But it wouldn’t necessarily guarantee you any sales, whether for resume writing or affiliate marketing products. Sure, you could probably get 1% of the folks you contacted to buy, but the return on the time and money you’d have to invest to make that happen probably wouldn’t justify the effort.

On the other hand, what if you could get 20% of your existing resume clients to purchase a resume distribution service or recruiter targeting service?

A few years ago, I conducted an interview with Steve Shellist, of ResumeSpider, which bills itself as the “E-Harmony” of job search. He gave this example of the kind of revenue that a resume writer could expect promoting ResumeSpider:

If you write 5-7 resumes per week, and convert 5-6 of them each month to become ResumeSpider clients, you will earn $100 to $120 per month (based on a $65 average sale price, resulting in a $20 commission per order). But remember, they don’t have to be one of your clients to be a client of ResumeSpider — meaning, every visitor to your website is a potential sale. You can easily double your affiliate profits if you have a web site that gets decent traffic and you promote ResumeSpider visibly to visitors.

If you’re the type of writer that generates a resume each day (and/or you get 5-10 job seekers looking at your website each day), you could conceivably convert 20% of them into affiliate marketing product users … and you’d make that $100 per month goal.

Next up in the series: Establishing your online presence.

Thursday, March 10, 2011

Finding Strategic Partners and Referral Relationships


Have you considered cultivating referral relationships with other service providers? These can be providers who write resumes, provide career or interview coaching, career testing services, or life coaches.

When choosing possible partners, look for individuals or companies that share a similar work style. Get to know enough about them that you would feel confident in recommending them to your clients.

In this blog post, I’m going to focus on how this process applies to selecting resume writers to partner with, but the process is the same for whichever type of provider you’re interested in working with.

The two most important factors when selecting a referral partner are whether they can do a good job and whether they can handle your clients well.

The process starts with identifying likely candidates. There are lots of options -- local providers, regional or national providers; direct competitors; colleagues.

The obvious choice is to look in the Yellow Pages or online listings. But don’t stop there -- you can also find possible candidates through networking in local professional associations -- Society of Human Resource Management chapters (for example, mine is the Human Resource Association of the Midlands). Depending on where you live, you may also have local associations of resume writers — for example, the Resume Writer’s Council of Arizona.

The advantage of working with existing résumé writers or career coaches in your local areas is that you can meet them personally and observe their operations firsthand.

Most of the service providers you consider will probably already be in business. They should have existing business structures — phone, computer skills, recordkeeping systems — to handle referrals you send their way. If they’ve been around a while, they probably don’t need much hand-holding either — which means you could set up a partnership agreement pretty quickly.

On the negative side, these are usually your competitors — meaning your prospective client may have already contacted this person or company and decided not to work with them, for whatever reason. So then you’re put in the position of “selling” your competitor to the prospective client, which may or may not work.

Are you interested in pursuing a strategic partnership or referral relationship? Purchase the "Developing Strategic Alliances and Partnerships with Recruiters" special report from Resume Writers' Digest.