Nick is joined by Amber Spears, to talk about affiliate marketing, emphasising the importance of diversifying customer acquisition channels and highlight the value of incorporating affiliate marketing into a business strategy. 

KEY TAKEAWAYS

Affiliate Marketing Basics: It's vital to recognise the different types of affiliates such as traditional affiliates, influencers, and ambassadors.

Value of Diversification: Diversifying customer acquisition channels is emphasised as a key strategy for business growth and resilience. The importance of having multiple channels, including affiliate marketing, is highlighted to avoid dependency on a single source.

Building Trust and Relationships: Amber and Nick stress the value of investing time and effort in cultivating relationships with affiliates, influencers, and ambassadors to enhance brand credibility.

Strategic Partnerships: Partnerships can expand reach, drive revenue, and provide access to new audiences, thereby emphasising the mutual benefits of collaboration.

Balancing Dependence and Independence: You need to find the balance between leveraging affiliate marketing for customer acquisition while maintaining independence and diversification in marketing strategies. Nick and Amber address concerns about over-reliance on affiliates and the importance of a well-rounded marketing approach.

BEST MOMENTS

"I think it's a missed opportunity that most business owners don't understand." 

"I've started doing this thing recently to mitigate my point beforehand, where if someone wants to do a 15 minute call to ask a question, I'll get people kind of like ask me." 

"I think first and foremost, when you're thinking about. How do I add, I would say first, do you want to add this in as a channel of customer acquisition into your." 

VALUABLE RESOURCES

Amber Spears - https://www.ambermspears.com/

Download our Exit For Millions Blueprint™ to uncover gaps across 15 danger areas that could sabotage your dream of achieving a life-changing exit. Get ahead of the game and focus on building a high-value, exitable business now, so you have the 'option' to sell at any time and on your terms.

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Nick Bradley is a renowned entrepreneur, investor, speaker, and business growth expert.

His background is growing and scaling Venture Capital and Private Equity backed businesses globally. Over the last decade, he has completed 117 acquisitions and 25 business exits with a combined valuation of over $5bn dollars.

His mission is to help business founders build valuable businesses and create life-changing exits so they can realise freedom, wealth, and impact.

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