AFFILIATE MARKETING
How One Industry Made Me a Millionaire
Opinions expressed by Entrepreneur contributors are their own.
There’s a tiny island in the middle of the Mediterranean Sea where many young entrepreneurs go to make millions. These young millionaires often have similar characteristics like being risk-takers, hustlers and innovators, but they also share something else: They’re casino affiliates.
The online casino and gambling industry is one of the fastest-growing sectors in the world, and many of the most successful affiliates in this industry (myself included) made their name on the tiny island of Malta.
This country of fewer than 500,000 people has taken on the role of “Las Vegas” for the online casino industry and it’s the headquarters of huge gaming companies and affiliates. While you don’t need to live in Malta to be an online casino mogul, most of the great ones do.
I spent 10 years of my life in Malta, and built one of the largest gaming affiliates in the world, Catena Media, while earning more than $50 million before turning 30.
So, what’s so interesting about being a gambling affiliate?
The appeal of being an online affiliate
Many entrepreneurs are drawn to the affiliate industry because of its low barriers to entry. Every business has hurdles to overcome before you can launch, and some of those hurdles are shorter or taller than others.
No matter how much you like space or understand rockets, you’re not going to easily compete with Elon Musk and SpaceX. The barriers to entry into that industry are huge. Not only would you need hundreds of millions of dollars, but you’d need licensing, expertise and other non-financial assets that are difficult to acquire.
However, the hurdles to becoming an online affiliate are relatively small. You simply need to sign-up as an affiliate for a company, purchase a domain and hosting service, create a website and begin posting content with affiliate links. Most savvy entrepreneurs could create and launch an online affiliate site in one day for under $20.
What’s appealing about the online casino space?
The online casino and the entire online gambling industry in the United States is one of the more promising sectors at the moment. In fact, the U.S. online gambling industry was valued at $1.978 billion in 2020 and has an estimated compound annual growth rate (CAGR) of 17.3% over the next 5 years.
As more states begin to legalize online gambling and sports betting, you can expect to see this sector grow exponentially. This opportunity is what makes the online casino and gambling industry so appealing to young entrepreneurs.
What type of skills do you need?
When I launched my first online casino affiliate website, my partner and I had to build the website from scratch — which required some level of web development competency. However, today’s landscape is much different and anyone can launch a clean, optimized affiliate website with little to no knowledge of coding or web design.
Platforms like WordPress, Wix and Squarespace are built around making it simple for anyone to create a professional-looking website, and their tools help you do just that.
While you don’t need a complex website to make money, you will want to create an optimized website — which is what really separates you from other casino affiliates.
Getting started with website optimization
While many industries are built around pay-to-play marketing tactics like Google Ads, Facebook Ads and other paid advertising, the online gambling industry is very much built around organic search — specifically, on Google.
For example, if someone lived in a state with legal online gambling like New Jersey and decided they wanted to gamble from home, they might search for “best online casino in New Jersey”, which would display a list of web pages related to that search.
As an affiliate, your goal is to be the top result for a given search term, which typically has a 31.7% click-through rate. The higher up your result on the page, the more traffic your website gets, and the more traffic your website gets, the more affiliate revenue.
Fortunately, there are several easy tips to practice good search engine optimization on your casino affiliate site.
Write quality content, often
In the world of SEO, content is king. But, more important than just creating good content is posting content regularly. Google is yearning for compelling, relevant content because its entire model is built around displaying searchers with the best result for their queries.
If you can consistently deliver better quality content than your competition as it relates to casino reviews, gambling news or sports betting insights, Google will eventually realize this and display your content higher in its results.
Zig while others zag
A lot of online casino affiliates go after the same main search terms. While these might be some of the most searched, they are often the most competitive, which makes it hard for new casino affiliates to rank highly.
Fortunately, there are millions of terms people search and you don’t have to always compete for the hardest search terms. If you want, you can optimize your website for more specific searches like branded and long-tail keywords.
While the market for secondary or long-tail search terms might be smaller, they are less competitive. This gives you a better chance of earning the top result.
Don’t neglect technical SEO
Creating ideas and content are great ways to improve your SEO, but there are other technical areas of your site that must also be optimized if you want the best chance for success. From your page load speed to mobile optimization, don’t neglect to build a technically sound website.
Related: 8 Things I Wish I’d Known Before Starting Affiliate Marketing
Know your target audience
The goal of any online affiliate is to attract specific people to your website so that they can click your affiliate links. Therefore, casino affiliates should understand their target market intimately to deliver the best results.
In most cases, casino players land on an affiliate site for a few main reasons.
-
They are looking for the best casino: Since “best” is subjective, a good affiliate will provide rankings of online casinos based on different measurements like promotions, game library, customer service and reliability.
-
They are looking for the best bonuses: Online casinos use bonuses to attract new players or entice more gambling on their platform. Players might visit an affiliate because they want to quickly and easily see active casino promotions.
-
They are looking for entertainment or information: Someone might land on a casino affiliate website if they are looking for more information or because they are interested in a specific topic. For example, if someone wants to learn how to play slots, they might visit an affiliate’s resource on playing slots.
Not only should casino affiliates better understand their target audience, but they should also coordinate their site so that players who visit for different reasons can quickly and easily navigate to the information they want.
Related: This Is Why Teenagers Are the Affiliate-Marketing Experts
How do casino affiliates make money?
Making money as an online casino affiliate is pretty straightforward. In fact, most online casinos have a seamless process for becoming an affiliate that can be done in a single day.
The process is basically:
-
Create a website or digital asset (social media page could suffice)
-
Apply for an online casino affiliate program from the casino’s website
-
Get accepted into the program and receive a tracking link
-
Use this tracking link on your site or social asset
-
Someone clicks your link and signs up at that casino
-
They make a deposit and begin playing
-
You receive a commission based on the agreement
The process is structured so that affiliates only earn money when they are successful at sending active players to the casino. This relationship benefits both parties and is low-risk for everyone. The casino gets more players and the affiliate earns money by sending players to that casino. The affiliate can work as hard as they would like and the casino only pays when results are positive.
How do casino affiliates get paid?
Casino affiliate software will ask you to input your bank account information for direct deposit payments or they may send you a check in the mail. These commission payments are based on how the affiliate deal is structured between you and the casino.
Generally speaking, there are two main payment structures:
- Revenue Share: You earn a percentage of your registered players’ losings.
- Cost-Per-Acquisition (CPA): You earn a set price per depositing player.
Should you become an online casino affiliate?
The online gambling industry is one of the fastest-growing and most lucrative sectors today. In the coming years, more and more states will legalize online gambling and new casinos and technologies will enter the space. It’s not hard to see why so many entrepreneurs are considering becoming online casino affiliates.
There’s definitely money to be made in this industry, but it doesn’t mean it’s easy. However, if you can stay focused and commit yourself to delivering quality to your visitors, you might be the next young millionaire looking at condos in Malta.
Source link
AFFILIATE MARKETING
Expand Your Global Reach With Babbel, on Sale for More Than 60% Off
Disclosure: Our goal is to feature products and services that we think you’ll find interesting and useful. If you purchase them, Entrepreneur may get a small share of the revenue from the sale from our commerce partners.
Want to break language barriers and expand your business network? Babbel’s lifetime subscription has you covered with access to 14 languages, perfect for anyone looking to boost their business communication.
With no recurring fees, you’ll pay $179.97 (sale ending October 20) for a resource that sticks with you for life, helping you build relationships and navigate new markets with confidence.
Babbel offers bite-size lessons that fit right into your schedule. Each session takes about 10 to 15 minutes, making it easy to squeeze in language-learning between meetings or on your commute. And with its speech-recognition technology, Babbel gives instant feedback on your pronunciation, so you’re prepared to speak like a pro when connecting with international clients.
From Spanish and French to less commonly studied languages like Turkish, Babbel’s got you covered. The short, interactive lessons focus on practical conversation, so you’re learning words and phrases that you can actually use in real business situations. Plus, Babbel’s course content is updated regularly, meaning you’ll always have access to fresh lessons and content as your skills grow.
With Babbel, you’re not just picking up phrases; you’re gaining tools to communicate effectively across cultures. Not to mention, it’s a one-time investment that pays off for years to come.
Get ready to take your business skills global with a lifetime subscription to Babbel Language Learning for $179.97 until October 20 at 11:59 p.m. Pacific.
StackSocial prices subject to change.
AFFILIATE MARKETING
The Cities and States Where Side Hustles Could Earn the Most
More than half (54%) of Americans say they’ve started a side hustle to supplement their primary source of income in the last 12 months, according to a survey from MarketWatch Guides.
Although there’s no shortage of potential opportunities — side hustles can span teaching online to cleaning barbecues, creating digital products and so much more — one doesn’t necessarily have the same earning power as the next.
Related: 10 of the Most Profitable Side Hustles You Can Start With Little or No Money
Choosing a side hustle is one crucial piece of the puzzle — but where you decide to start it is another that might make or break your success.
So where in the U.S. do side hustlers have the greatest earning potential?
The team at SideHustles.com conducted a study to find out, analyzing data from the Bureau of Labor Statistics’ American Community Survey to determine which states and cities have the highest percentage of residents earning self-employment income and their average earnings.
Households in North Dakota, New Jersey and Connecticut earn the most from self-employment income, at $60,221, $55,748 and $55,192, per the data from SideHustle.com.
Lake Charles, Louisiana, has the highest average self-employment earnings at $179,080 per household, followed by San Tan Valley, Arizona ($141,459) and Upland, California ($130,291), the analysis found.
Related: The Top 10 U.S. Cities for Starting a Side Hustle, According to Statistics
Read on to see the top five cities and states where people earn the most, on average, from self-employment income, according to the study:
Top five cities where self-employed earn the most
- Lake Charles, Louisiana: $179,080
- San Tan Valley, Arizona: $141,459
- Upland, California: $130,291
- Newton, Massachusetts: $118,527
- Bethesda, Maryland: $110,573
Related: This 20-Year-Old Student Started a Side Hustle With $400 — and It Earned $150,000 Over the Summer
Top five states where self-employed earn the most
- North Dakota: $60,221
- New Jersey: $55,748
- Connecticut: $55,192
- Massachusetts: $54,712
- California: $53,639
AFFILIATE MARKETING
I Lead a Company Built Through Decades of Acquisitions. Here’s a Key to Making Them Successful
Opinions expressed by Entrepreneur contributors are their own.
Despite the fanfare that often accompanies acquisitions, the reality is that about 80% fail to achieve their desired objectives.
After all, there’s a lot that can go wrong. Inadequate due diligence. Overvaluation. Poor integration planning and execution. A failure to retain employees from the new company.
And yet, businesses spend more than $2 trillion on acquisitions annually. Why? It’s often unrealistic for a company to build all that’s needed to reach its strategic goals fast enough to remain competitive. An acquisition, however, presents an opportunity to quickly expand a business’s ecosystem, tapping into new relationships, distribution channels, products and innovations.
I lead an entertainment technology company — composed of iconic brands like TiVo and DTS — that has grown our ecosystem through 15 acquisitions in the last decade alone. What has the experience taught me?
The success of an acquisition is about more than the nuts and bolts of the deal itself; you’re not just buying a technology, product or service to tack onto your company offerings. You’re also gaining institutional knowledge and bringing thought leaders on board who could help steer your business.
I believe one of the most critical aspects of an acquisition’s success is too often overlooked: the people. Here’s what I’ve learned about how they can be the difference-makers in the lead-up to and aftermath of a deal.
Related: 5 Reasons Small Businesses Should Consider Mergers and Acquisitions
The “why” has to include the “who”
Sure, pre-deal due diligence involves evaluating the potential profits and risks of an acquisition. But it also requires searching for leaders, along with the systems and cultures they’ve developed, that are likely to contribute to your company’s growth.
In dynamic industries like tech, companies often need to pivot to remain competitive. That means it’s essential to ask this question when evaluating incoming leaders: Whose strategic thinking, leadership skills and decision-making style do you want on your side, even if you end up shifting them to new areas in the future?
We learned the importance of this consideration from an early acquisition. The technology we’d bought eventually became outdated, but that CEO has remained an instrumental member of our leadership suite for more than a decade, and an acquired team under his leadership has transitioned to form the foundation of one the most exciting arms of our business: our connected car platform.
Once you’ve found a company with the resources and people that will likely benefit your business and conditions enable sensible valuations, developing an integration plan before the deal closes is imperative.
We accomplish this by identifying change champions — committed leaders who are strong communicators, open to feedback, adaptable, resilient and collaborative — from both companies to rally our people. Then, we create detailed checklists for the first year or more, often including thousands of line items from assigning desks to implementing training events, all to move us swiftly toward our goals of a fully integrated team and business asset.
Related: How Leaders Can Build Acquisition-Ready Companies
Use it as an opportunity to reimagine culture
Many people see an acquisition as an opportunity to innovate — adding and evolving products and developing strategies for new markets. One thing they often overlook, though, is the chance to innovate company culture. Specifically, to pick and choose the best of both of what the companies are doing to establish a new normal.
Often, the default assumption is that the acquiring company’s culture will remain dominant. But that can sometimes be a mistake.
Many times, bringing two companies together and fusing their resources and operations creates an entirely new company — one that may benefit from a cultural change.
For example, following a merger, we realized our previous corporate values no longer accurately reflected the new company. So we reset them. It wasn’t always easy: It took a long-term project involving employee input throughout. It also required objectivity at the leadership level to stay open to new ways of working and communicating. However, the initiative resulted in a set of values that more meaningfully illustrated our evolved mission and culture and set us on a path toward greater success.
Related: How to Create a High-Performance Organization Through a Successful Merger
Move as quickly and transparently as possible
A deal closing can feel like crossing the finish line for those overseeing it. But when you look over your shoulder, you see that most employees are just lining up at the start. The real marathon begins after the closing: It takes steady work to get the rest of the company across the finish line to reap the anticipated gains of the deal.
We’ve found that approaching this integration process with a focus on urgency, sensitivity and transparency is key to retaining as many employees as possible, along with the crucial institutional knowledge and skills they hold.
This means we work fast to communicate our plan openly and honestly. For instance, within 45 days of a recent acquisition, we got leaders physically in front of 80% of the team. This approach aims to mitigate uncertainty by laying out plans and providing clarity on roles and opportunities. Research shows that transparency can engender trust, so when the answer to a question is, “We don’t know yet,” leaders should prioritize being upfront about that.
We also expressed empathy. Acknowledging that it’s natural to feel anxious about uncertainty and change is important to build morale during a time of transition.
About a third of employees from an acquired company tend to leave within the first year due to uncertainty or culture clashes. But time and time again, we’ve seen that a deliberate process has helped to improve on this trend. While it’s not always possible for all employees to stay on, voluntary turnover within a year of our last two acquisitions was just 15%.
Defining success
There are many ways to define a successful acquisition: meeting financial goals, expanding relationships or staking a hold in new markets. We’ve seen this firsthand. For example, strategic acquisitions have allowed our business to significantly amplify our global footprint of streaming devices and open up new monetization opportunities.
While these elements are critically important, we view success even more broadly. It also means our team feels they’re continuously working toward a worthy goal. And viewing people as vital to the success of an acquisition has helped us to assemble a team prepared and motivated to do just that: deliver innovative, extraordinary experiences to our customers.
-
SEO6 days ago
Google’s AI Overviews Avoid Political Content, New Data Shows
-
SEARCHENGINES6 days ago
Google Shopping Researched with AI
-
WORDPRESS7 days ago
5 Most Profitable Online Businesses You Can Start Today for Free!
-
WORDPRESS5 days ago
8 Best Banks for ECommerce Businesses in 2024
-
SEARCHENGINES7 days ago
Google AI Overview Ads, New Link Format, AI Organized Search Results & Plus More
-
AFFILIATE MARKETING7 days ago
Learn a New Language with This Fresh Approach
-
AFFILIATE MARKETING5 days ago
How to Choose Your Battles Wisely at Work
-
SEARCHENGINES4 days ago
Google Showing Competitor Ads Above Local Reviews
You must be logged in to post a comment Login