Interview with Geno Prussakov, Outstanding Affiliate Marketing Expert

I love Twitter for putting me into contact with really outstanding people (well, since I don’t have time for conferences, Twitter is my major source of valuable contacts). Today I am happy to feature the interview with one of the marketers who has always been someone I’ve looked up to. Geno Prussakov is a well-known affiliate marketing expert,  author and contributor to 3 books (including his bestselling “A Practical Guide to Affiliate Marketing”) and a number of industry’s magazines and journals, international speaker (most frequently appearing at  Affiliate Summits ),  blogger , educator, and award-winning affiliate program manager. 1. Please tell us a few words about yourself. What brought you to the affiliate marketing? I was born and raised in Eastern Europe — in the southwest of the former Soviet Union, now a country of its own, Moldova. I lived there until the age of 21, which was when I travelled abroad for the first time. The first Western country I travelled to was England. I studied psychology, psychology, modern and classical languages at the University of Oxford, while completing the Master’s leg of my 5-year linguistics degree in Moldova. It was a fun time of travelling between two countries, and studying at two universities at the same time. After that I travelled to the U.S. where I studied counseling psychology for two years. After that, I went to Cambridge (yes, back to England) to get my Master’s degree in international relations. At the same time I started my first online business, a Russian gifts and collectibles store. After playing with paid search marketing, banner advertising, and other available types of advertising/marketing I discovered affiliate marketing, and started my first affiliate program. It was initially run on an in-house platform, but in 2004 I moved it to ShareASale (an affiliate network I’ve worked with for over 6 years already). As that affiliate program developed, I was approached by another merchant who asked me if I would manage their affiliate program too. I agreed. In 2006 I bade RussianLegacy.com farewell, and turned into a full-time online marketing consultant and affiliate program manager. In 2007 I published my very first book (must of which was based on my own affiliate program management experience), “ A Practical Guide to Affiliate Marketing “ . To date it is one of the bestselling affiliate marketing books out there… At present time I am actively involved in the affiliate marketing industry, working on a doctorate degree along the way. 2. I remember I first got to know you from Abestweb forum. It was like three or four years ago. You were on each and every thread helping people with your answers. Can describe the place? Are you still active there? ABestWeb.com is by far the largest and most active affiliate marketing forum out there. It brings together affiliate marketers operating across the whole spectrum of the industry: affiliates/publishers, merchants/advertisers, affiliate network reps and owners, in-house and outsourced affiliate program managers, representatives of other vendors and agencies that work in the affiliate marketing channel. It’s a busy place, and one that affiliate marketers trust, and come there to voice out their questions, concerns, and share ideas. Many people that I now call friends were met by me through ABW. At this time I am not as active in that forum as I used to be (too much going on in my life, and I must prioritize), but devote more time to research, blogging, and my writing efforts. 3. When did you start blogging and why? I wrote my very first blog post on November 18, 2007. Yes, I came to the world of blogging much later than most online marketers out there. Initially, I blogged to keep affiliates posted on the news about the affiliate programs I managed at that time. With time, and especially after starting my doctorate studies in early 2008, the topics of blog posts changed from broadcasting the news to writing on the practical topics (and issues) that all affiliate marketers can relate to (e.g.: marketing methods to use and “how-tos”, best practices for affiliate program managers to adhere to, digital marketing statistics, mobile commerce and marketing, etc). Today I am a firm believer that any blogger who wants to be really successful at it should forget about broadcasting. It worked a few years back, but no longer. You can’t take any more from the online space than what you yourself have contributed. 4. Which niches (in your experience) are more profitable when it comes to make money being an affiliate? This is a very popular question, and naturally so. My answer to affiliates is always twofold: (i) focus on the niche of (a) your passion and (b) knowledge/expertise, and (ii) pick your partners carefully. While the first point is self-explanatory (don’t pretend you know something that you really don’t — it’ll show), by the second one I mean partnering with affiliate networks and advertisers that have a solid reputation and track record in the industry. It is also crucial to underscore that “profitable niches” should never be measured by the commission levels that are being paid by advertiser/merchant. Always look at the broader picture. Remember to look at such metrics as conversion, average order value, reversal rate, cookie life. For example, hosting companies have historically had high commission payouts (anywhere from $50 to $150 a sale, with select ones paying as much as $300-400/sale). Sounds attractive, doesn’t? Well, hold your horses before you spend all of your money on those paid search ads, or advertising on other types of properties! Hosting affiliate programs are also known to have some of the highest reversal rates in affiliate marketing history. While many affiliate networks will not disclose this piece of information to you, it is not unusual for a hosting company to reverse between 50% and 80% of all affiliate transactions… Do your due diligence before you dive into any niche. And once you’ve made up your mind to focus on something, take it easy, building up on previous successes, and avoiding previously-made mistakes. 5. You’ve been in the affiliate marketing for ages. Do you consider yourself a pioneer? How did the affiliate marketing evolve since you first got into it? I came into affiliate marketing some 7 years ago, whereas the industry itself is some 14-15 years old already. I wouldn’t call myself a pioneer of the  industry ; maybe one of the pioneers in systematizing the knowledge, and bridging the gap between traditional management science, principles of leadership and affiliate program management. These are the areas that I’ve been closely working in for the past few years, making parallels and translations (must be my linguistic background moving me) between theories and theorems of traditional business contexts and digital marketing industry. Much has changed since I’ve originally gotten into this industry. Google has become smarter, online consumers have gotten shaper and pickier, Social Media evolved, mobile marketing is quickly gaining power, FTC and federal governments around the world have acknowledged digital marketing (and affiliate marketing in particular) as an integral part of strategies that businesses now use, affiliate marketing professional organizations have evolved… I see all of these as positive trends. We’re getting more organized, while the market is pointing us towards the path of ongoing education and improvement; and this means we’re growing. 6. Social media changed the world of SEO dramatically. Is it the same with affiliate marketing? How do you leverage social media? Yes, social media is definitely changing the world of affiliate marketing too. Numerous affiliates are actively utilizing Twitter, Facebook and other platforms to engage consumers. The ones that are using more creative approaches succeed. Be it something as basic as a Facebook game or comparison shopping app, or as advanced as a social shopping network, affiliates that develop something that really adds value leverage any new trend better than the rest of the crowd. 7. Do you remember the best (affiliate marketing related) advice someone has ever given to you? The best advice I have ever received, and one that I keep on going back to (on a daily basis) comes from a quote that belongs to Henri-Frédéric Amiel, a Swiss poet and philosopher. I have it hanging over my desk. Amiel wrote: “Work while you have the light. You are responsible for the talent that has been entrusted to you.” Any time laziness, which I believe to be one of the most widely-spread obstacles, comes through, I re-read these lines. Talent doesn’t have to be of worldwide significance. Do what you do best, and do it passionately and self-sacrificingly. It’ll pay off. 8. What are the best places for the newbie to learn affiliate marketing? Forums (like the  www.ABestWeb.com that we’ve mentioned), blogs (on a daily basis I personally read  www.ReveNews.com ,   www.AffiliateTip.com ,  www.AffiliateAdvocacy.com ,  www.AffBook.com , and follow a number of other industry-specific blogs), podcasts (most of affiliate marketing ones can be found at  www.GeekCast.fm) , and certainly books and resources on other related fields. Affiliate marketing — especially when it comes to the marketing part — does  not exist separately from the rest of digital marketing. It is closely intertwined with search marketing, web development, web analytics and CRO (conversion rate optimization), and is dependent on all the online marketing trends that shape the broader digital market (including mobile). Therefore, you want to be constantly learning, implementing, testing, perfecting, and never give up (even when you burn yourself). Check out the SEO Tools guide at Search Engine Journal . Interview with Geno Prussakov, Outstanding Affiliate Marketing

Mobile Laws Coming Through the Mobile World Congress

The Mobile World Congress has convened in Barcelona Spain and it looks like some of the news coming out could signal some upcoming laws for Internet Marketers. If this year’s MWC could be summed up it may be something like “ Looking through Windows to an army of Androids “. The two main takeaways was first an impressive early demo of Windows Phone 7 which oddly just dropped the Windows Mobile branding as it did the Pocket PC before that. Microsoft performed this nightclub trick of renaming something in hopes to draw more people before when they did so with their search engine as it went from MSN Search to Windows Live Search to Live Search before settling on Bing …for the time being. More surprising was that Windows Phone 7 won’t be coming out until the end of the year so the obvious intention in its MWC debut was to keep developers focused on Microsoft’s mobile product than venturing off to the iPhone or Android . Apple feels it doesn’t need a presence at the Mobile World Congress as it tries to keep the next evolution of the iPhone close to the vest for their own conference this Summer. So Apple and others can simply watch as the 2nd takeaway from the MWC was the mass of Android devices being displayed and talked about, such as the: Acer beTouch E110 Acer beTouch 400 Alcatel OT-890 Compaq Airlife 100 Dell Mini 5 Garmin-Asus Nuvifone N50 HTC Desire/Bravo HTC Legend Huawei SmaKit S7 Huawei U8100/T-Mobile Pulse Mini Huawei U8110/T-Mobile Pulse Mini Huawei U8300 Huawei U8800 Lumigon T1 Lumigon S1 Lumigon E1 Motorola Quench/Click XT Samsung Beam/Halo i8520 Sony Ericsson XPERIA X10 Sony Ericsson XPERIA X10 Mini Sony Ericsson XPERIA X10 Mini Pro ZTE – 5 unnamed Android phones Plus More Combined with the recent ComScore data that there are 254 million mobile subscribers in the US with approximately a quarter of those being smartphones, it’s easy to see that Internet Marketing laws will be skewed toward mobile. These laws will be influenced heavily by the advertisers which covet a market that is direct, personal, engaging, easy to track, and location aware. The current means are of course within mobile search as well SMS advertising, mobile app sponsorship or in app display which are now advancing to mobile TV/video and mobile location aware social media/games. How best to succeed in the mobile space will be talked about in several sessions at SMX West from such mobile experts as Greg Sterling , Cindy Krum , Matt Siltala , Rachel Pasqua , & myself. Perhaps Steve Ballmer who is keynoting the conference will bring a Windows 7 phone to demo, but I will stick with the over 100 of Android phones being made available this year worldwide. Michael Martin is the SEO Director of Project Management at Internet Marketing Inc. – http://www.internetmarketinginc.com/ – based out of San Diego, California. Michael graduated from UMass Dartmouth with a Computer Engineering degree and a minor in German before quickly entering the IT Project Management field in Cambridge, Massachusetts.     Like This Post? You'll LOVE These Related Tutorials from SEJ : Yahoo To Launch its New Mobile