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128: Affiliate Marketing for Your Subscription Box Business

128: Affiliate Marketing for Your Subscription Box Business

FromLaunch Your Box Podcast with Sarah Williams | Start, Launch, and Grow Your Subscription Box


128: Affiliate Marketing for Your Subscription Box Business

FromLaunch Your Box Podcast with Sarah Williams | Start, Launch, and Grow Your Subscription Box

ratings:
Length:
28 minutes
Released:
Jul 26, 2023
Format:
Podcast episode

Description

Have you thought about adding affiliate marketing to your subscription box business but you’re not sure where to start? Are you wondering where to find good affiliates and how to manage them on the back end? This episode is for you! 
Today we’re diving into all things affiliate marketing for your subscription box business. I’ll explain how affiliate marketing can significantly boost your revenue, expand your customer base, and strengthen your subscription box brand. 
Affiliate marketing is a performance-based marketing strategy where brands reward individuals (affiliates) for marketing or driving traffic and sales to their services or products, including subscription boxes. This type of marketing is a win/win for both the brand and the affiliate. 
Wondering how affiliate marketing works? 
A subscription box owner creates an incentive (one-time or recurring) and generates specific links or codes for each affiliate to allow for accurate tracking. Each affiliate promotes that subscription box owner’s box on their own platforms to their own audiences. For every action taken (i.e., subscribing) the affiliate is paid the incentive. 
To get started: 

Identify what makes a good affiliate for your brand

Clearly define your ideal customer and niche and use affiliates who have the same person in their audience. 

Make sure any potential affiliate aligns with your beliefs and morals. 

Finding potential affiliates

Start with your subscribers - do any of them already have a following? 

Look at influencers who have the same ideal customer - bloggers, YouTubers, TikTokers, other content creators. 

Follow them, like and comment on their content, start building a relationship before approaching them about being an affiliate. 

Build an affiliate program that is a win/win for both parties

Define your commission structure. Options include: 

Recurring revenue share - what % of your profit? 

One time payment upon sign up. 

Set up affiliate software - I use Affiliately - and set up a payment schedule. 

Create assets for affiliates - make it easy for them to promote!

Email swipe files

Graphics with different formats

Social media captions

Schedules and timelines

Send links regularly

Affiliate marketing is an important part of my subscription box marketing strategy. In fact, in my recent launch (which happens to be my biggest launch ever), 22% of all sales came from my 5 affiliates! 
Join me for this episode as I walk you through how to use affiliate marketing in your subscription box business. Whether you’re a new subscription box entrepreneur or a seasoned pro, I have actionable takeaways for you! 

Join me in all the places: 

Facebook

Instagram


Launch Your Box with Sarah Website 


Are you ready for Launch Your Box? Our complete training program walks you step by step through how to start, launch, and grow your subscription box business. Join today!

Get 30 Days FREE when you switch to Subbly: https://join.subbly.co/sarah-williams
Released:
Jul 26, 2023
Format:
Podcast episode

Titles in the series (100)

5 years ago I had a dream to start a Subscription Box service full of goodies for women to treat themselves and nurture the importance of self care. It took me a full 18 months to make it happen! I was paralyzed by ‘all the things’ I had to figure out with no one to turn to for guidance. That is why I created Launch Your Box! Maybe you need some direction on how to begin, or you are ready to grow your subscriber base. Either way, it all starts with an idea that can turn into a constant reoccurring revenue, a raving fan base, and a business to love. I will help you... Take your first steps and know where to start. Figuring out the logistics: packing, shipping, boxes, oh my! Learn how to launch, from idea to sales. Scale that box to the next level, go big or go home!