CPA Marketing: The Ultimate Guide
Since the start of my internet
marketing career, I’ve tried every monetization strategy under the sun:
- I started with Adsense…but was
let down by the horribly low CPCs.
- Then I promoted Clickbank
products…but I couldn’t get the traffic to convert, so my conversion was
low.
- Finally, I built a list…but I
didn’t know how to pitch products without losing subscribers.
- Then I tried CPA marketing…and
quickly realized that it was one of the best ways for affiliates to
monetize their sites.
Today I’m going to show you everything there
is to know about CPA marketing.
CPA
Marketing 101
CPA
is very simple: you get paid when someone clicks on your affiliate link and
completes an action.
The “action” can be just about anything, but usually
consists of:
·
Filling out a form
·
Getting an estimate or quote
·
Signing up for a free trial
·
Buying something
Why
CPA?
There are two reasons that I prefer CPA over banner
advertising, Adsense, and most other affiliate marketing strategies.
1. Higher on the Value Chain
To make the most money from your site, you want to get
as high up on the value chain as you can.
Here is what the value chain looks like for digital products
(using a $40 ebook as an example):
As you can see, Adsense, banner ads, and CPC/CPM models put
you at the bottom of the value chain.
On the other hand, selling your own product, promoting
targeted affiliate products (ie. web hosting), and CPA offers tend to put you
higher up on the chain.
(FYI: the values in the diagram don’t add up to $40 because
there are clicks and leads that don’t convert).
Keep in mind that physical products have 2-10x more
hands in the pot (distributors, warehouses, suppliers etc.). That’s why Amazon
Associates only make $100 when someone buys a $2500 laptop.
2. Integrated Advertising
The other nice thing about CPA is that you don’t need to
disfigure your site with ugly Adsense blocks or banner ads.
As you’ll see later, you can seamlessly integrate CPA offers
into your site. This means you run a clean, professional, branded site…while
benefiting from out-of-this-world CTR, CPCs, and RPMs.
Step
#1: Find an Offer
Your first step is to find an offer that aligns with your
site’s existing traffic.
But with dozens of CPA networks — each with hundreds of
offers — how can find the perfect offer for your site?
That’s easy: use oDigger and OfferVault
They’re like the Google of CPA: they aggregate offers from
reputable CPA networks.
And you can search based on keyword, price, category or
network.
Let’s say that you run a site in the education space.
Head over to Offer Vault and type in “Education” or
“Degrees” into the search field:
And you’ll get a list of results, like this:
Here are the common terms you’ll come across during your
search:
___ Only: You
can only use a certain traffic source, like email or organic search.
Display: This
includes text links and banner ads.
Lead: The
most common “action” in the CPA marketing world. Usually submitting their name,
email, phone, address etc.
Email/Zip Submit: The
most simple CPA offer. Good for untargeted traffic. User gives their email and
zip code only.
Incent: Short
for “incentivized”. Incent means that you can bribe users with a free product
or download.
Pay Per Call: You’re
paid when someone makes a call after clicking on your affiliate link.
Download/Install: You
get paid when someone downloads and/or installs a piece of software.
Publisher: The
person that promotes the offer (you).
“Pixel Fires”: This
is when your lead actually counts as a lead.
US/FR/CA: Offer
only valid in that country.
AM: Stands
for “Affiliate Manager”. Your AM is your go-to person in the network
Sale or Rev Share: You
get a cut of every sale.
When you see one that looks good, click on the offer’s
listing:
Then read the details of the offer. The listing will usually
give you basic information on the offer, like what the user needs to do and
what type of traffic is allowed:
If it looks good, hit the “landing page preview” button.
This will show you the page that users will see when they click on your link:
What should you look for in a landing page?
First, you want a landing page that looks clean and
professional.
If it looks shady to you, it’ll look shady to your traffic
too…and it won’t convert.
Also, the more fields a page has, the lower your conversion
rate is going to be.
Fortunately, more fields also mean higher commissions…
…so don’t be automatically turned off by a page like this
with a million fields :
If the traffic is motivated enough (for example, they just
searched Google for “best online degrees”), I’ve found that they’ll fill out
just about anything.
“What If I Can’t Find an Offer?”
Depending on your niche, you may not be able to find an
offer that fits your site’s topic.
If that’s the case, you want to look for CPA offers that
appeal to your traffic’s demographic.
For example, I used to run a site in the “dating” niche that
was getting 2,000 visitors per day.
I put “dating” in quotes because it was comprised mostly of
7th and 8th graders wondering how to talk to Sally that sits in the back. Not
the PUA type of stuff that’s easy to monetize.
Despite the fact that I tested about 20 different themes and
ad placements, I wasn’t making jack with Adsense.
When I looked at the ads Adsense was generating, I realized
that they weren’t dating related at all…they were targeted based on
demographics.
That’s when I decided to switch out Adsense for an email/zip
submit offer for a free Xbox.
And just like that I was making significantly more than I
was with Adsense.
Step
#2: Join a Network
If the offer looks good, it’s time to join the network that
runs the offer. You can apply by clicking on a link on the offer page:
When you do, you’ll see an application like this:
You’ll be asked to give them a phone number…which they will call.
This is a huge stumbling block for most people. As affiliate
marketers we’re accustomed to making money without having to talk to another
human being.
The fact is, you’ll have to talk to someone on the phone to
join a CPA network. You may have to even fill out some actual paperwork. It’s
no big deal.
How to Get Accepted By Any Network
Remember that CPA networks aren’t trying to
make things difficult. They just want to make sure that you’re a legit business
that will send them real leads (which you are).
So it’s just a matter of being transparent with them.
Here are some tips that will help you get in:
·
Call Them
Before They Call You: Shady
affiliates try to fly under the radar screen. Give the network a call right
after you apply. This shows you’re the real deal. I’ve been accepted into
networks literally 10-minutes after applying just by picking up the phone.
·
Check Your
Whois: Some networks check to see if your
site’s whois address matches your mailing address.
·
Be
Honest: Most CPA applications have a section
that asks about your internet marketing experience:
Remember: you don’t need to be an affiliate marketing
rockstar to get accepted.
I joined my first network when I was making about $20/day
from Adsense. They just want people that put honest answers into these fields.
So if you’re new to affiliate marketing, it’s OK to tell
them that.
Step
#3: Design your site around CPA
Once you’ve joined a network and have a CPA offer offer
ready to go, it’s time to integrate it into your site.
One of the things I love about CPA is that you can make your
site look Fortune 500…even as you promote $1.25 email/zip submits.
In other words, don’t waste the opportunity to make your
site look legit by slapping up a nasty banner:
Believe it or not, but you don’t need
in-your-face-advertising to make money from your site.
In fact, I’ve found that the more you integrate your
advertising, the more people will click and convert.
For example, I own a site that’s 100% monetized with
CPA. Most of the affiliate links are either contextual links or
integrated into the site’s design.
It has very little banner advertising.
Despite the lack of obvious advertising, the site has a 26.4%
CTR.
If I had that kind of CTR with Adsense I’d probably get my
account banned!
Here are two examples of big brand sites that have done such
an amazing job with ad integration that you can hardly tell they’re promoting
CPA offers:
Big Brand CPA #1: MoneySupermarket.com
This is a big brand financial site that focuses on a UK
audience.
They get a fat commission for every credit card lead they
send to Visa and the other big credit card companies.
Big Brand CPA #2: NerdWallet.com
NerdWallet.com is a growing personal finance site. Like
MoneySupermarket.com, they integrate their CPA offers into useful tools. This
seamless ad integration blows away the CTR and conversion rate that they’d get
from a banner ad.
Just to be clear: you can do well with
traditional banner ads and contextual links.
But I HIGHLY recommend shelling out the cash to get a custom
design that makes your site look legit.
CPA
Pro Tips
Here are a few tricks that I’ve picked up from my experience
running CPA offers as an affiliate.
Be Tight With Your Affiliate Manager: Your AM is your inside source at the network. Every
now and again they’ll call you or email you to get you to run some of their new
offers. I’m always nice and professional when they reach out:
After all, most AMs are cool guys (or gals) just doing their
job. And it’s a relationship that you can leverage for exclusive deals
(as you’ll see next).
How to Get Commission Bumps: One of the perks of having a good relationship with
your AM is the ability to get commission bumps.
In fact, I have a 100% success rate so far. And it’s because
I do two things: a) maintain a good relationship with my AM and b) play one
network against another.
Every now and again you should check to see if one of your
offers is running at a competing network.
When I see that a network has an offer that I’m already
running — but at a higher rate — I ask my AM if they can match it:
Avoid Shady Networks: The dark side of CPA is that there are a lot of fly by night
operations that rip people off. That’s why you need to be VERY careful about
joining shady networks.
Before joining any network, check the reviews at Odigger.
First, click on the “Network Reviews” tab from the homepage.
And find the network that you’re looking to join.
Steer clear of any network that has reviews of people saying
that they never got paid or getting paid was a hassle:
However, keep in mind that networks can have legitimate
reasons to withhold payment (like if the person sent them phony leads). So if
you see a few complainers in an otherwise stellar list of reviews, it’s
probably OK to join.
But if you see a sea of negative reviews, you should go with
another network (even if the commission is a bit higher with the shady
network).
Recommended Networks: Join DigitalRaves , They
have a ton of offers, competitive payouts, and great AMs.
Goodluck
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