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An Affiliate-Marketing Program Might Be the Perfect Move

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An Affiliate-Marketing Program Might Be the Perfect Move

Opinions expressed by Entrepreneur contributors are their own.

A common belief is that founders need hefty sums to gain marketing results, but that is frequently not the case. Affiliate marketing — in which commissions are earned by others for promoting a company or driving a sale — is an affordable investment with a low-entry barrier, and one that’s open to brands of all kinds. It’s only true requirement is patience. It will not make you rich overnight: Instead, you must be ready to grow a product step-by-step, willing to search for opportunities the market has to offer and generate returns incrementally if you want to join this domain.

How to take advantage of affiliate marketing

The essentials of an effective affiliate-marketing partner program include finding those with the right traffic, developing an attractive offer for them and then providing them with the necessary tools — all of which require thorough research. Luckily, there is plenty of content on the web that explains each step in detail. 

There are also straightforward and accessible tools that can help, such as Google Analytics, which enables you to create a system for tracking clicks and gauging partner sales. Another option is joining a trustworthy affiliate-marketing network (such as CJ, AWIN or Fiverr) that’s relevant for your business goals. For example, if you plan to enter the publishing business, you might opt for affiliate-marketing platforms such as the Amazon Associates Affiliate Program or Rakuten Advertising Affiliate Network. Or, if your business is looking to enter the travel industry, my company, Travelpayouts, is a solid option.

Such affiliate networks are often quite robust, and the best are both time-tested and popular among marketers, principally because they offer significant traffic volume and are easily accessible. Many of them do not charge onboarding fees, welcoming newcomers and helping them understand the field better. Others like CJ (Commission Junction LLC) have stricter policies, charging in their case a $5,000 connection fee and taking a deposit from the outset.

Related: 3 Tips to Get Started with Affiliate Marketing

For the right sales tracking, you will also need to set up a website or mobile app. This usually takes several weeks. In good tracking systems, integration algorithms are highly advanced, which makes it easy to integrate small businesses. Such tracking and integration usually require minimal or modest investment from you.

How to help partners generate traffic and sales

But it is not just about integrating your platform. For affiliate marketing to truly succeed, you need to develop tools for partners to help them generate traffic and sales — a significant challenge in every respect. You can try and do it on your own, or you can take advantage of what the network has to offer: for example, a complete “toolbox” to form and generate links and create widgets. 

We are no fans of platitudes, but it’s important to recognize that affiliate marketing is not just about increasing income. If you want to make the most out of it, you need to think outside the monetary box. For this brand of marketing, the key to success is teamwork and consistent attention; it is simply impossible to create a program and leave it to its own devices, hoping that one day it will turn into a cash cow.

Instead, you need to grow it one step at a time, reaching out to your partners and interacting with them recurrently. Think of it as a big family you are taking on vacation. Booking tickets and hotels is not enough: You also need to ensure that everyone has their things with them, feels well, takes the right plane, etc. So, to make sure that your partners back you up and want to cooperate productively, be ready to share your expertise and stats (seasonal sales, for example) and to launch various promos, which are the ultimate gear for generating traffic. This way, you’ll create bonds, hit targets faster and enjoy the adventure.

Related: This Is Why Teenagers Are the Affiliate-Marketing Experts


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Campbell’s Soup Is Trying to Change Its Name. Here’s Why.

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Campbell's Soup Is Trying to Change Its Name. Here's Why.

The 155-year-old Campbell Soup Company, the first to bring canned soups to the market, wants to drop the “Soup” part of its name and go by just the Campbell’s Company. Shareholders can vote on the suggested name change in November at Campbell’s annual meeting.

The request reflects Campbell’s broader strategy to expand beyond soup and into higher-growth categories, like snacks, which have shown promise. Snack sales grew 13% for the company last year while soups grew 3%. Nearly 48% of Campbell’s net sales came from snacks in fiscal year 2023. Meanwhile, Campbell’s Goldfish brand reached annual net sales of $1 billion in March, a feat only attained by one other product from the company: its iconic red-and-white-labeled soup.

Campbell CEO Mark Clouse said at an investor event on Tuesday that the “subtle-yet-important” name change more accurately reflects “the full breadth of the company’s portfolio.” Earlier this year, Campbell acquired Sovos Brands, the company behind the Rao’s sauces, Noosa’s Yoghurt, and Michael Angelo’s frozen entrees brands, for $2.7 billion.

Related: How to Overcome Imposter Syndrome and Start a Business, According to Gary Vee, a Serial Entrepreneur Worth Over $200 Million

The company has also made other acquisitions, like a $4.87 billion deal for snack company Snyder’s-Lance in 2017.

Campbell’s Tomato Soup. Photo Credit: Richard Levine/Corbis via Getty Images

Campbell executives said on Tuesday that they see stable sales in soup, 3% to 4% annual growth in snacks, and 1% to 2% in meals and beverages.

Even though the company assumes no annual growth in soup, it continues to innovate and invest in the category. Campbell recently introduced new spicy soup flavors, including the Ghost Pepper Chicken Noodle soup, to appeal to younger shoppers. Older populations usually buy more soup, so sales in that category could rise from groups like older millennials, the company said.

Campbell’s fourth-quarter earnings for the three months ending July 18, 2024, show that total net sales were up from the previous quarter, from $2.068 billion to $2.293 billion.

“For the last five years, we have been on a transformative journey to redefine our company,” Clouse stated.

Related: The Side Hustle She Worked on in a Local Starbucks ‘Went From Nothing to $1 Million.’ Now It Will Make Over $30 Million This Year.

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Apple Adds AI Writing to iPhone 16 for Texts, Emails

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Apple Adds AI Writing to iPhone 16 for Texts, Emails

AI can write emails. AI can write songs. AI can suggest writing improvements that go beyond spelling and grammar to word choice.

As big tech companies like Google, Microsoft, and Apple roll out their latest AI features, one use case of AI keeps coming up: AI can write. It’s sometimes so good that job seekers have asked it to write their resumes and cover letters, and new technologies have rolled out to detect AI’s presence.

Related: These 4 Words Make It Obvious You Used AI to Write a Paper, According to New Research

Easier writing is a key selling point of Apple’s AI, Apple Intelligence, featured in the new iPhone 16 released Monday. Apple Intelligence is “built into your iPhone, iPad, and Mac to help you write, express yourself, and get things done effortlessly” according to its product page.

Apple said the AI can help upcoming iPhone 16 users draft emails and texts.

iPhone 16. Credit: Apple

Apple isn’t the first to focus on writing as an AI use case: Google ran an ad at the Olympics last month about how its AI could write a fan letter from a child to her Olympic hero — sparking conversation about what would happen when the Olympian held a stack of fan letters that sounded the same.

“As more and more people rely on AI to generate their content, it is easy to imagine a future where the richness of human language and culture erode,” Shelly Palmer, professor of advanced media in residence at Syracuse University’s S.I. Newhouse School of Public Communications wrote in a July 28 blog post.

Though Google ended up pulling the ad after public backlash, the future the ad portrayed — of young people turning to ChatGPT instead of puzzling through how to say something themselves — is fast becoming a reality.

ChatGPT has over 200 million weekly users, over 60% of which are under 34 years old. Nearly one in three users are under 24 years old.

Related: Can ChatGPT Help Start a Business? I Tried the Latest Version, GPT-4o, to Find Out.

Research published earlier this year shows that university students who rely on ChatGPT experience poorer academic performance and memory loss. A separate study found that the top uses of ChatGPT were creating content, responding to emails, writing cover letters and resumes, and coming up with ideas.

AI opponents point out AI’s writing abilities may be based on copyrighted works used by big tech companies without credit or compensation awarded to the people who wrote these works.

“To add insult to injury, the bot is being trained on pirated copies of my books,” author Margaret Atwood wrote in a 2023 article for The Atlantic last year about the issue. “Now, really! How cheap is that? Would it kill these companies to shell out the measly price of 33 books? They intend to make a lot of money off the entities they have reared and fattened on my words, so they could at least buy me a coffee.”

AI supporters say that the anti-AI group is “classist and ableist.” The organization behind National Novel Writing Month (NaNoWriMo) defended AI writing last week, for example, by saying that “not all brains have [the] same abilities” and some need “outside help or accommodations” to write. Disabled writers took issue with the remarks, as well as NaNoWriMo sponsors, and the organization has since changed the wording of its stance and apologized.

Related: Klarna CEO Says AI Could Help Reduce Company Headcount By 50%

Then there are more neutral issues with AI, like estimates that AI systems could run out of free training data within the next two years, leaving open the question of what kinds of data to use next.

AI-generated content has steadily risen to the top of Google searches, doubling from about 7% in June 2023 to 14% in June 2024.

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One $40 Payment Can Get You Lifetime Access to Microsoft Office Professional 2021

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One $40 Payment Can Get You Lifetime Access to Microsoft Office Professional 2021

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For entrepreneurs, freelancers, and small-business owners, managing software costs can be quite the balancing act. While subscriptions such as Microsoft 365 offer things like cloud storage, they also come with an ongoing cost that can be hard to justify.

That’s why Microsoft Office Professional 2021 can be a terrific option. It offers a comprehensive suite of productivity tools with a lifetime license—and for a limited time, it’s available for just $39.97 (reg. $219) through September 29.

Unlike subscription models, Microsoft Office Professional 2021 is a one-time purchase that lets you access all the essential Office apps you need—Word, Excel, PowerPoint, Outlook, Access, Publisher, and OneNote—without worrying about recurring fees or future price hikes. This means you can use these tools indefinitely on your Windows PC without needing to renew your license each year.

One of the biggest advantages of this lifetime license is that it allows you to avoid unpredictable subscription renewals. It’s perfect for professionals and entrepreneurs who want to keep their budgeting simple and predictable, with no surprises down the line.

Additionally, owning your software outright gives you a greater sense of control and security. There’s no need to worry about losing access to your Office suite if you decide not to renew a subscription or if prices change in the future. Once you’ve purchased Microsoft Office Professional 2021, it’s yours forever, offering peace of mind and stability in an ever-evolving software landscape.

Keep in mind that this offer is only available for Windows users, and you’ll need to have Windows 10 or 11 to activate the license. If that sounds like your setup, this is your chance to invest in a software suite that has been trusted by millions for decades—all for a fraction of the regular price.

Get a lifetime license to Microsoft Office Professional 2021 for Windows for just $39.97 (reg. $219) through September 29.

StackSocial prices subject to change.

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