Pharmacy is a niche of selling pharmaceuticals over the Internet. For participation in pharmacy affiliate programs, it is better to have a site with an adult or medicine thematics. Also, many affiliate companies offer ready-made Internet pharmacy sites.
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Are you interested in making money in one of the world's most valued industries? The global pharmaceutical market will be worth 1.57 billion US dollars by 2023. This is a market that covid-19 and its aftermath considerably shook. Now more than ever, pharmaceutical companies push for new treatments and drugs, all of which need advertising.
Pharmacy affiliate programs may have a lot in store for you as an affiliate. It's not all about prescription drugs, cough syrup, and fever issues. You can sell medical aids such as crutches, prescription discount coupons, nutraceuticals, acne treatment, and so much more.
We can group pharmaceuticals into nutra and non-nutra categories. We do this because of how vast the nutra vertical is. The nutraceutical industry was valued at 454.55 billion US dollars in 2021 and made up 35% of the $1.3 trillion pharmaceutical industry.
Nutritional supplements were also affected by the covid-19 pandemic. With the gyms closed for months, people looked to drugs to stay in shape. Health products will always have a place in the world. Beauty trends constantly change, making the nutra vertical vibrant and filled with various offers.
Prescription drugs and other medical products make up the other side of pharmaceutical affiliate programs. Among the pharmacy products you can advertise online are sickness treatment drugs, birth control methods, syringes, and more.
Nutra is an abbreviation for nutraceuticals or nutritional supplements. There are many smaller niches within the nutra vertical. Here's an extended list of what products and offers you may find promoting nutraceuticals:
Nutraceuticals are so prominent in the affiliate marketing world we often talk about them as they are separate from pharmaceuticals. There may be a variety of products in nutra, but often you'll notice that one product can appeal to different demographics, giving affiliate marketers the chance to try and test different approaches to the same nutritional supplement.
Remember to research the rules and regulations in each GEO. Pharmaceuticals are subject to stringent regulations. There are also affiliate network policy guidelines to follow. If you require assistance, please contact your network representative.
Let's reveal what are the best traffic sources and ad formats in this niche.
There's no need to point out the rapid growth of mobile users, which doesn't seem to be slowing down either. While desktop traffic is still relevant, mobile traffic has emerged as the winner for some time. Some great traffic sources and ad formats, such as push notifications, have much more subscribers and viewers on mobile than on desktop.
Remember that we're talking about the general trend. The device split depends on many factors, including the GEO, setup, targeting options, and the offer.
Push ads are a brilliant ad format for promoting pharmaceuticals. Your ads will be sent to the users’ phones in a user-friendly way. With push notifications, you can ensure top quality and 100% real traffic. They're a bit more expensive, but you'll find they're well worth it. One of the notable downsides to push notifications is the inability to target iOS users. But with the emergence of the in-page push in 2020, that problem was fixed too. However, note that in-page push and classic push notifications are entirely different. You can learn more about the distinguishing features of push vs. in-page push notifications here.
It's also easy to make creatives for push notifications, which are required. A simple icon, a well-written message, and an attractive title are all you need. You can find inspiration by using spy tools. Note that creatives are a vital factor in the success of push notification campaigns.
Pop ads are usually recommended to beginners. This is because they are cheap and don't require any creativity, giving you time and capital to spend on optimization and testing. Many veterans also choose pop ads for pharmacy affiliate programs for this and other benefits. You can use a pre-lander to increase conversion, but that's not necessary either. Often you get a landing page with the offer, making your work a lot easier. Since they've been around since the 90s, you can find lots of helpful content and guides on pop ads online.
The two types of pop ads are pop-ups and pop-unders. Pop-ups show up on top of the browser while pop-unders linger below it. Pop traffic brings excellent results when matched with keyword targeting. The conversion rates can be much better than push ads this way.
Once a user visits a parked domain, a live auction ticks off, and the visitor will be redirected to the highest bidder. There are many benefits to buying domain redirect traffic for pharmacy affiliate programs. Albeit more expensive than pop traffic, domain redirect traffic is still cheap. It works excellent with keyword targeting. Users searching for a specific product and landing on a page offering the same thing are more likely to take action.
Pre-landers and ad creatives aren't necessary. But using a pre-lander instead of direct linking will increase conversion rates.
Who is the product meant for? Who your targets are is the most important thing to know to begin with. To get a better grasp on your audience, try asking yourself these questions:
Answering these questions gets you started off on the right path. Knowing your targets means creating personalized content, ads, and landers that resonate with them. So next, you can ask yourself the questions below:
The central part of your approach as an affiliate marketer to promote a product should be encouraging users to make a purchase. That's why pre-landers are such a popular affiliate tool. Do you absolutely need a pre-lander? No. Do you want one? Yes, especially for more experienced advertisers.
A well-designed lander can considerably increase the odds of conversion. The goal is to let the user know about the product's features and maybe hype them up into making a purchase. Consistency across ads, landers, and the actual product is essential since it builds up the users' confidence in the offer’s authenticity.
We've established the need—or want—of pre-landers. Now let's see how you can go achieve higher CTR by following these 12 tips:
Making the right targeting choices is crucial for every campaign. While each vertical and product requires its own approach, some general rules help you succeed in your pharmacy affiliate campaigns.
If you're just starting out, you'll soon find that optimization is a simple process of following some rules. These are your rules, based on your own experiences. Optimization is the last step and is meant for when you have enough data from testing an offer with broad targeting. Eliminate under-performers and invest more in top sources to save budget.
Buy traffic fast to get the testing phase done more quickly. The more data you gather and the faster, the sooner you can start optimizing. Depending on how broad you want to run the testing phase of the campaign, you can opt for RON targeting from a selected country. This way, you'll direct all the traffic to your offer and can find the best ones in no time. You can couple RON traffic with smartlinks if you're running multiple campaigns to get the most out of your spending. If you run low on traffic, try broader targeting.
The main goal of pharmacy affiliate programs is to sell a drug or health-related products. As with most e-commerce offers, the primary payment model of pharmacy affiliate programs is the cost-per-sale. CPS is a model in which you earn a commission for each sale made with your affiliate link. However, cost-per-action or the CPA payout model is expected in pharmaceuticals affiliate programs and related verticals. In the CPA model offers, affiliate marketers earn a commission when visitors take action. This action is dependent on the offer and will be specified.
However, the action may not take effect as immediately as you would imagine. Some offers work based on the cash-on-delivery model. In this model, users will leave their contact info. There are dedicated teams that will contact them later regarding making a purchase. A benefit to this is in countries where online transactions aren't popular or in the case of the elderly who are wary of online payments. There's also a chance of leads changing their minds.
And there's also the trial model. Your job is still getting the user to leave their contact info, but billing and address are also required. In these offers, the lead will be sent a free product sample as a trial. Unless they cancel the subscription, they will continue to receive the shipment after a fixed amount of time and will be billed accordingly. Again, the trick here is getting users to leave their billing information. That might be a turn-off to some affiliate marketers.
Conclusion
More and more pharmaceuticals get tested every day and released to the public. Whether a new or an experienced adult marketer, there's a surging demand for pharmaceutical offers for you to monetize. Where supply and demand meet, there's money on the table waiting to be taken by an advertiser like yourself.