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Affiliate marketing programs have become a popular way for businesses to generate revenue, but the cost of launching such programs can be daunting. In this article, we will guide you through the process of starting a successful affiliate program without breaking the bank.

Step 1: Define Your Goals and Objectives

As a business owner wanting to start a referral program of your very own, communicating effectively with your affiliates is essential to maintain strong relationships and boost your bottom line. However, many founders unknowingly make communication mistakes that can cause irreparable harm to their affiliate partnerships. In fact, according to research, 78% of affiliates have reported that communication issues were the biggest challenge they faced while working to grow their income as an affiliate. There are, quite honestly, too many mishaps attributed to affiliate managers to mention them all. So in this post, I'll uncover the top three most common communication mistakes to avoid when working with your affiliates and I'll provide some practical tips on how to build and maintain strong relationships with them. So, let's delve in and discover how you can avoid these common mistakes and improve your affiliate marketing program with preventative measure.

Mistake #1: Not...

1. Understand Your Affiliates