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Shoemoney - Skills To Pay The Bills

Shoemoney - Skills To Pay The Bills

Link to ShoeMoney

If you can’t spot the sucker in your first half hour at the table, then you are the sucker

Posted: 08 Sep 2016 07:00 AM PDT

"If you can't spot the sucker in your first half hour at the table, then you are the sucker."

This is a great quote. Not sure who originally said it, but I am saying it now so at least two people have said it ;).

Anyway.

In the publisher space there is a term called "breakage." Breakage is the publisher's commission that are not properly tracked. It can happen for a variety reasons such as for cookies, URL, and email tracking.

What this means to you is that the breakage is the amount of commissions you are generating for a company but NOT getting paid for.

Some publisher networks factor this into their offers and in SOME publisher networks they use software that lets them manually specify an amount to "shave" off of publishers' commissions.

For instance, let’s say two publisher networks have the exact same short-term loan offer using PPL. Let's also assume that the lead is high quality so it can be sold for the maximum price.

Network A, pays out $230 for the lead. It uses one method of tracking and now it has 15% breakage (industry average for only cookie tracking) but it also shaves an extra 10% (shady) from publishers. Thus, taking away 25% from publishers.

Network B, pays out $220 using three methods of real-time tracking (industry average for cookie, server-side pixel, IP tracking) without scrubbing and doesn’t use a platform that shaves.

So in essence:

  • Publisher Network A has an effective CPA of $173 payout to publishers.
  • Publisher Network B has an effective CPA of $220 payout to publishers.

ShoeMoney Article Image v3

Publishers in general are complacent. If they have something that makes them money, they are content to stick with it. When in reality, in most cases, the publisher network counts on this and will continue to shave your commissions.

Above, I used the short-term loan vertical because right now with all the recent regulation it is all the rage to promote and I know a lot of publishers doing really well with it.

The best network I have found with these offers is with LeadsMarket.com. They are great! Not only do they have great tracking but because they have direct relationships with buyers, they can offer the same if not higher payouts to publishers.

Plus, their platform shows you FULL transparency so you can see exactly what’s going on.

If you are a publisher in the short-term lending space and not using LeadsMarket.com, then you are the sucker at the table.

If you are a publisher and NOT in the short-term space, get into LeadsMarket.com and their account managers will help you get started.

ProBlogger: How to Turn Your Business Blog Readers Into Paying Customers

ProBlogger: How to Turn Your Business Blog Readers Into Paying Customers

Link to ProBlogger

How to Turn Your Business Blog Readers Into Paying Customers

Posted: 07 Sep 2016 07:00 AM PDT

buy online

This is a guest contribution from Alicia Rades.

You started a blog for your business because you recognized the importance of content marketing. You know that businesses that blog get more traffic than those that don't.

But more traffic doesn't necessarily mean more customers. You have to be able to leverage your blog content in a way that convinces readers to trust you and buy from you.

So how do you get readers to pay for your product or service? Start with these five tactics you can use in your blog posts today.

Weave Testimonials Into Your Content

People are naturally skeptical when businesses talk about themselves or how great their product is. They're more likely to trust their own peers—people who are just like them. In fact, the statistics show that written testimonials can increase conversions by as much as 25 percent. Leverage this powerful marketing tactic by weaving customer testimonials into your content.

Don't just insert quotes where they're not needed, though. Use them to tell your story.

This approach is particularly effective when writing case studies. You can also use it to back up claims. For example, let's say you offer social media management services. You're writing a post about converting followers on Instagram, and one of your tips discusses optimizing your profile. Maybe you just helped a client with this, and it doubled their followers in two weeks. To add credibility to your advice and show that it actually works, you could include a testimonial from that client.

In this example, the testimonial supports the content without it being a direct sales pitch for your services. It gives the story a fresh voice from someone your readers can relate closely to, which helps customers put more confidence in your claims, your business, and your service.

Use Your Blog as a Platform to Host Deals

Hosting deals on your blog does two things:

  • It encourages readers to shop when they may not have otherwise spent money on your product.
  • It allows you to gather people's email addresses, who you can market and sell to in the future.

For the best conversion rates, consider teaming up with other companies to offer everyone's product in a bundle and at a super low price. Not only does it make the offer more appealing, but you'll all benefit from reaching each other's user bases.

Here's an example from Time-Warp Wife. In this giveaway, over 100 homemaking bloggers came together to offer nearly $700 worth of eBooks for only $29.97. And to further encourage sales, the deal was only good for six days.

ebook bundle

Of course, you don't need to team with over 100 other bloggers to see success. Host a deal with 3-5 other people in your field, and post the info on your blog to entice readers to buy.

Include In-Line Product Links

When the opportunity presents itself, point a couple of links back to relevant products or services on your site. This gets readers to visit your product pages to move them down the sales funnel.

The idea here isn't to blatantly promote your products. Your blog posts shouldn't be a sales pitch. However, links to relevant sales pages can actually be useful to readers who are interested in applying the advice in your blog post.

If it will be helpful to your readers, you can also present the product link as a "side note." Here's an example of how freelance writing coach Elna Cain handles this approach. She presents her product as a solution to writers' struggles without focusing the entire post on her course.

elna cain

Use this tactic sparingly so you don't overwhelm your readers, and make sure you're only linking where it's relevant so readers know what to expect when they click the link.

Write Strong Calls to Action

Every blog post should end with some sort of call to action (CTA). You might encourage readers to:

  • Leave a blog post comment
  • Sign up for your newsletter
  • Visit a page on your website
  • Follow or share on social media

If your goal is to sell to your readers, then your call to action should point them to the next point in the sales funnel. For example, they might be interested but not ready to buy yet. You might ask them to subscribe to your newsletter or sign up for a free webinar so you can turn them into paying customers in the future.

You could also position your product or service as a solution to the topic in your blog post. Point them to your "how it works" page to get them to learn more and sign up.

Be bold with your calls to action. Tell readers exactly what to do next, and use your website design to your advantage. You can use a custom call to action for each post with an in-line link or CTA button, or you can place a universal CTA widget below each post.

Here's an example from Blogging Wizard that illustrates both options. Adam Connell encourages readers to leave a comment, but he also uses a CTA widget to promote newsletter sign-ups.

blogging wizard

Don't Be Overly Promotional

The key to getting all of this to work is to avoid being overly promotional. Yes, your purpose is to sell. But blog readers aren't looking for a sales pitch. Trying too hard to sell to them through your blog posts only pushes them away.

Instead, focus on providing advice to your readers. Show them what their problem is (they may not even know they're struggling or what they're struggling with). Suggest ways to fix it. Then briefly show that you have the solution. It's only after that that the sales pitch comes into play. If you help them first, you'll gain their trust, and they'll be more likely to buy from you in the future.

You won't use all five of these tips in every blog post you write, but incorporating them where you can will help turn readers into paying customers. Which one of these suggestions will you try out first? Let me know in the comments.

Alicia Rades is a professional freelance blog writer who specializes in blogging, writing, and freelancing topics. Visit her site at aliciarades.com, where you can download her free blogging guide, 20 Questions to Ask Yourself Before Hitting Publish.

The post How to Turn Your Business Blog Readers Into Paying Customers appeared first on ProBlogger.