Affiliate program: make $$$ with Power University (& TPM)
Heads up:
Just launched the affiliate program.
Expect some changes and some teething adjustments in the first period.
Commission: 40%
As for commissions, it's at 40% payout right now.
40% also for recurring payments.
Meaning, if users enrolled into PU with the monthly plan, the affiliate keeps getting 40% for every future payment.
TPM covers the fees for the payouts which range from 6.4% to 9.5%. Considering there will likely be some more fees for currency conversions, we're hovering around a net-terms 50/50 split.
The commission split is liable to change depending on the financial viability of the program.
But beyond the final number, the approach matters most: I aim at keeping it a generous, win-win affiliate program.
Payout Frequency: starting from 30 days after
I was hoping for a wholly automated system, but as far as I'm seeing payouts have to be processed manually.
As of now, I'm thinking to do it once or twice a month, and include all finalized referrals older than 30 days (to account for the refund period).
Old PU Alumni: need to register
PU alumni as well as everyone registered on the website need to register to the affiliate program separately.
The same username and password will work, so it should be a simple and quick process.
New PU Alumni: only need to "OK" it
For ease and speed, new PU alumni from now on can start with the affiliate program without any separate registration.
They're added to the affiliate program together with PU, but the account is "dormant".
They can opt-in and activate with a simple confirmation.
They're not automatically enrolled and approved in the affiliate program to avoid pushing anything on anyone (a form of power-protecting).
So if any new PU alumni want to be part of it, they can let me know here or via email.
Non-Alumni: we'll see
I'm still deciding whether:
- Non-alumni can enroll in the affiliate program
- If yes, whether anyone can register or whether they need to write me first
- If yes, whether the commission will be the same
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My Thoughts on Non-Alumni
Non-Alumni: we'll see
I'm still deciding whether:
- Non-alumni can enroll in the affiliate program
- If yes, whether anyone can register or whether they need to write me first
- If yes, whether the commission will be the same
There's a potential risk for non-alumni.
A non-alumni may refer himself/herself to get a discount to buy Power University.
So he gets 40% discount for himself.
Unless you are comfortable with that.
Helping Affiliates Do Social Media Marketing
I think if affiliates would like to do social media marketing or Facebook ads, it may help to open the door for them to use ThePowerMoves' Facebook Business to run ads.
Then, you would have all the metrics on your social media page together with your Facebook pixel on your website.
Not very sure what's the best option in this case.
What's Your Personal Success Rate of Getting Friends & Family to Buy?
Personally, I have little success convincing my friends and family to purchase Power University or even look around on the website.
Few reasons:
- Some busy, successful people don't have time to look.
Maybe they also secretly think they know people skills pretty well too. - The lazier people don't want to spend time learning.
I have had better success convincing acquaintances who are looking for specific people problems like posting on LinkedIn for example to take a look on this website.
Though I didn't call them up and ask whether they purchased anything in the end.
I am going to leave this article here because running Facebook ads as an affiliate marketer is challenging:
https://www.fivestarfunnel.com/affiliate-marketing-with-facebook-ads/
There was once that I ran a quiz giving Starbucks vouchers as prizes and Facebook took down my ad.
Because I am not allowed to run ads on "behalf" of Starbucks.
I think it's to defend the brands on Facebook.
You don't want strangers running bad campaigns of your brand.
So I had to change Starbucks vouchers to cafe vouchers, and the ad worked.
This means if some affiliate marketer runs an ad on his own Facebook page with ThePowerMoves brand, Facebook may take down his ad.
Thank you for sharing this Matthew.
If someone is interested in trying out ads, they can let me know and we can discuss sharing access to TPM's Facebook page.
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Bumping this — registered today.
Quick update:
This might have been TPM's biggest fail to date.
Not a single affiliate sale has materialized since then :).
Later on I might re-assess whether to keep it or not.
I still think there is a use case for it, for example with Ali's website gaining more traction in the future (plus, Ali already set up the links), or some other guys in the community working on power-related courses / website.
But other options might be available as well in those cases to make it win-win, and re-installing the affiliate system is quite quick anyway.
For now though it still stays.
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I finally got down to the last section of Power University and I would love to become an affiliate! Did you disable the sign up process though? I noticed there's no place to sign up when you click on the hyperlink for it.
Added you.
If I get the process right, you should receive a welcome email.
P.S.:
I de-activated sign-ups because I was getting some shady requests from websites that I didn't necessarily want to be associated with.
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(Book a call) for personalized & private feedback
I got it! Totally understandable, I'm gonna start promoting the shit out of this. Hope we can make this program more successful than it's been in the past 🙂
Nice mate! 🙂
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(Book a call) for personalized & private feedback