📺 Stream EntrepreneurTV for Free 📺

Use Affiliate Marketing to Create a Loyal Audience The travel and tourism industry requires marketing innovation more than ever before, and an affiliate-based approach continues to be a profitable investment, but how to pick the right ones?

By Ivan Baidin

entrepreneur daily

Opinions expressed by Entrepreneur contributors are their own.

In the ever-competitive travel and tourism sector, and now more than ever before, companies need to supercharge marketing efforts to drive traffic and achieve a competitive edge. One method I've found that produces reliable results is affiliate marketing. A robust travel affiliate network engages a dynamic team of influencers who will market your brand (with commissions earned from promoting a company and/or driving a sale), while giving you the opportunity to tap into their audience. It's a mutually beneficial partnership that's also cost-effective: you only pay for results.

When you partner with influencers who have a large following or a significant reach in your industry, they can significantly raise brand awareness, increase traffic to your site and lead to specific results: more sales. Just as importantly, when your affiliate puts your travel brand in front of their audience, your reach multiplies and you can grow your base of new customers by leaps and bounds. And because you only pay when a sale goes through, affiliate marketing can deliver a guaranteed return on investment. Here are some proven ways of using it create a loyal following.

Choose the right affiliates

Affiliate marketing allows you to leverage the power of influence to get people to buy from you, but for that to work you'll need to have the right affiliates. A good one for your travel brand should have:

• Great rapport with their audience.

• An audience that's interested in your brand/services.

• A vigorous following, engagement, views, site ranking and authority.

All these qualifications are important in ensuring that your efforts aren't wasted. For instance, an affiliate with only ten followers or unique visitors a day won't help you grow an audience base. Likewise, if you're in the travel industry, choosing a coupon site that offers discounts on food items won't make sense.

Related: An Affiliate-Marketing Program Might Be the Perfect Move

Attract sales with deals, coupons and promotions

Everyone loves a good deal, and leveraging both deals and coupons are among the best digital marketing strategies for boosting sales. Coupons do an excellent job at converting people who haven't yet tried what you have to offer. According to 2020 research from Statista, 89% of millennial shoppers would try a new brand if they were offered a discount or coupon.

To get the most out of your coupon affiliate marketing strategies, aim to work with a few high-quality sites, and ask your affiliate partner if they have active discount codes that are redeemable on the services you're offering. Once you get codes to share with your audience, spread the word by:

• Sharing it on your social handles with direct affiliate links.

• Sending personalized emails that directs audience members towards the sale.

• Updating any affiliate-related website to display available deals.

Related: Led By Sommer Ray, the Era of the Influencer-Entrepreneur Is Upon Us

Leverage the power of influencers

Travel influencers don't have to be celebrities. Many in the top tier are regular people who've amassed a large following simply because of great content, which produces an authentic relationship with their community. These are great choices for engendering trust in your brand, in part because today's consumers overwhelmingly trust recommendations from their peers. Data from influencer marketing platform MuseFind shows that 92% of consumers trust influencers more than ads and celebrity endorsements.

Influencers will have a powerful impact if their content is genuine and presumed trustworthy: they'll provide social proof and confirm a brand's credibility among followers.

Keep in touch with customers

Steady and engaging contact with customers is an essential gesture of care, and an audience will reciprocate by becoming even more loyal, especially if you post great content and offer them coupons from time to time. To that end, social media accounts should be updated regularly, as your followers need to be informed of every offer. Apart from social media, send personalized emails, SMS or push notifications with offers based on customers' previous activities.

Related: The Secret to Retaining Unhappy Customers and Empowering Happy Ones

Done properly, affiliate marketing can help you create brand awareness, increase conversions and grow your audience base, but you need to realize that this doesn't happen overnight. The trick is to find the right affiliates, attract sales with coupons, leverage the power of influencer marketing and keep in touch with those who support you.

Business Strategies, Entrepreneurial Advice & Inspiring Stories are all in one place. Explore the new Entrepreneur Bookstore.

Ivan Baidin has over 10 years of experience in the travel industry. Besides strategic planning and setting targets for developers, he also attracts new partners and advertisers to the network. He is an expert on increasing conversion rates and entering foreign markets.

Want to be an Entrepreneur Leadership Network contributor? Apply now to join.

Editor's Pick

Business Ideas

How This One Customer Service Hack Can Transform Your Business

Instead of examining all the options and offerings to add, consider what you should remove, redesign, and eliminate.

Marketing

We Are in an AI Arms Race. Here's How We Can Beat AI Bots and Fraud.

An explanation of how fraudsters use AI to game digital advertising platforms — and how constant AI innovation is key to combating them.

Growing a Business

10 Founders On the 'Aha' Moments That Unlocked Massive Growth: 'It Felt Like a Secret Hidden In Plain Sight'

New companies rarely get off the ground without some roadblocks, setbacks, and unforeseen decisions. Here, 10 founders describe the pivots that catapulted their profitability.

Growing a Business

AI Marketing Is Flooding Social Media. Here's How to Make Sure You Don't Get Lost in the Robotic Noise.

Content overload from AI is the new normal. Marketing guru Mari Smithen shares strategies for navigating the AI revolution and getting your messaging across.

Franchise

After Decades of Hard Work, This Couple Is Living the Entrepreneurial Dream. Here's How They Achieved Generational Wealth.

Nadine and James Middleton's journey shows what can happen when hard-working people are matched with the right franchise.