Affiliate marketing is an invaluable strategy for B2B SaaS companies that want to expand their reach and increase sales. In this special episode, the host of this show Grow Your B2B SaaS Podcast, Joran Hofman, founder of Reditus, hosts himself to dissect the crucial topic of affiliate marketing. By leveraging third-party affiliates—such as influencers, bloggers, and consultants—companies can promote their products or services and pay affiliates a commission for driving conversions. This indirect marketing approach lets companies tap into new audiences and grow their customer base effectively. However, to succeed in affiliate marketing for B2B SaaS companies, you need a strategic approach and a clear understanding of the different types of marketing models, including referral, affiliate, and partner marketing.
Key Timecodes
(00:00) - Introduction: Selling Yourself First
(01:03) - Joran's Background and Journey to Reditus
(02:13) - Understanding Indirect Marketing
(03:29) - Explanation of Referral Marketing
(04:46) - What is Affiliate Marketing?
(05:55) - Partner Marketing Defined
(07:06) - Common Mistakes in Affiliate Programs
(09:18) - Affiliate Marketing: Not a Quick Win
(10:18) - Importance of Onboarding Affiliates
(11:25) - Strategies for Growing an Affiliate Program
(12:33) - Competitor Analysis for Affiliate Recruitment
(13:43) - Leveraging Keywords and Content
(14:43) - Using Affiliate Networks
(15:49) - Inviting Your User Base
(16:55) - Responsibility in Affiliate Program Management
(18:01) - Challenges in Growing an Affiliate Program
(19:08) - Future of Affiliate Marketing
(20:14) - Hybrid Deals and Long-Term Partnerships
(21:24) - Advice for Growing a B2B SaaS Company to 10K MRR
(22:33) - Moving from 10K MRR to 10M ARR
(23:46) - Predicting Growth and Resource Needs
(24:51) - Conclusion and Call to Action
