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Interview With Michael Jenkins - Founder of Market Leverage
Can you give us a little background information on yourself Michael, where do you live?
What were your original goals for MarketLeverage.com ?
MLTV has given us a lot of ideas about video; I think it’s going to allow us continue to pioneer video as it relates to performance marketing industry overall. We also just introduced something called GreenLinks at Affiliate Summit. It’s a very modest program right now, but we believe it’s important because it’s going to teach a lot of affiliates how to do affiliate marketing, just by watching videos on the subject. Right now if you go to the MarketLeverage home page, you'll see a green text link with the word ‘payment’. When you click on that, a video automatically pops up and it talks about MarketLeverage's payment structure. We’ll continue to implement a lot of GreenLinks on the site. MarketLeverage's future, MLTV's future, is to continue is to enable us to innovate other video solutions. We’ll also be changing MLTV's format soon to be even more useful than it is today. For someone new to affiliate marketing who wishes to become a successful full-time affiliate, is there anything in particular you would suggest that they do and not do? That's a great question because there are so many different types of affiliates these days. Because all of these affiliates exist, there really isn't a particular methodology that you can just recommend to all of them. It really is based on what somebody is doing. What I find is it’s important for affiliates to understand and to work with a network that they can trust. A network that they can get good advice from on the type of marketing they do. It makes all the difference in the world to be able to take good offers and put them up as soon as possible. If you think about it, the publishing game is one of going out and placing offers from networks or advertisers on your site and seeing how much money you make. If you’re not satisfied with that offer, you try another one, until you find one that work for you. The faster you can make that process, the more efficient you will be, and hopefully in turn you’ll make more and waste less. At MarketLeverage, we put a lot of value on this. All of our publishing managers are dedicated to certain publishers, and if a publisher calls their affiliate manager, their affiliate manager will have suggestions on the offers that would work best for that particular publisher. I think that is a real winner for publishers. Additionally, it’s very important for publishers to taking middle and longer-term approach to making money online. There are some fast ways to make a lot of money, and I find that publishers tend to get addicted to these ways. Then when those offers start to go away as they inevitably do, our publishers begin to scramble and find other things. The most successful publishers that I've met are ones that have set up enduring long-term publishing solutions, web sites that have great content. Those are the men and women that are going to be around in 10 years. You should always be thinking about how can you serve your end-user, and advertising is the next thought after that. Are there any particular niches that have historically done well, even for newbies? Are there any new niches that are particularly hot at present? I think that the particular niche that works well is going to depend on the type of publisher you are. Different ads work differently. As far as hot niches today, I'm excited about the opportunity that Facebook presents. There's an enormous amount of un-monetized users on Facebook, and it looks to me like Facebook is very open minded in trying to figure out solutions to this. With content appropriate ads, and MarketLeverage certainly has a lot of content appropriate ads for different social media users, there is a really wonderful opportunity for people. Video is also going to be something that will become larger and larger as this year concludes. Those are two areas I think that affiliates who have the resources and time should begin focusing on. What are your top tips for advertisers or businesses who are considering CPA and affiliate marketing for the first time? The first thing they need to do is line themselves up with a company that is very street smart in affiliate marketing. The great thing about this industry, particularly when using a CPA model, is that the advertiser only pays when they get the results they are looking for. This is really revolutionary; I don’t know of many instances that this has happened in all of world history. The ability of the advertiser to go in and only pay when they get what they are looking for is part of the revolution that sparked the entire affiliate marketing industry. There are also publishers who are unfortunately rigging the system as much as they can, and trying to produce leads that aren't very legitimate. We interview every publisher that we let in, and turn down far more publisher applications than we approve during the interview process. You have to work with a network or an affiliate manager who has a really good publisher base and is keeping an eye on things. I compare it to being a lion tamer. I wouldn’t want to just walk in, grab a chair and climb into a chamber with four lions. There are people who know how to do that; that’s what we do in the affiliate space. If you could go back in a time machine to the time when you were first making a name for yourself as a website owner, what advice would you give yourself? If I could go back in a time machine, I probably would have been more aggressive in growing the company faster. We've been very conservative, we've always wanted to make sure we had plenty of money to pay publishers and accomplish all we have so far; we've been very successful in that. There have been opportunities in the past, that because of our conservative nature, we could have been a little bit more aggressive with. It’s kind of hard to judge where you’re at when you make the decisions for that time frame. We've made some very good decisions and we're happy where we're at; but given the growth in this industry, we would have been more aggressive and grown faster. Is there anyone that you look up to model yourself on? I look up to people that are around me, and there's people that I work with everyday. Certain talents that people have are wonderful. There are also people in business, such as Steve Jobs- an amazing innovator and creative person. Thomas Jefferson, Ben Franklin, Martin Luther King and Gandhi. These people just transformed the lives of so many around them.
In general, anybody that has a real strong ethical core and acts with integrity, that’s brilliant or creative, those tend to be my heroes. Do you have any favorite business related or personal development books that you can recommend to other entrepreneurs? Great question. I try to read all the time, and I find this has really helped me with making decisions. There's a remarkable concept of almost being able to have lunch with Jack Welsh or somebody like that- that’s the feeling I get when reading their books. I do find that Jim Collin's book Good to Great has been important to us. We've actually been reading it going on 4 or 5 years now, and we integrate a lot of the concepts from that book into our company. I also like Robin Sharma who's a motivational speaker and thinker. There are a lot of history books, too. Wonderful books on Teddy Roosevelt, for instance, that I find to be very motivating.
There's also a group of books that I read every morning by Peter
Drucker, who is a business philosopher. He came up with the concept of
the knowledge worker, which changed the way that we dealt with our
employees. That’s been very successful for us.
There’s a sense every day when I come to work that the best is still
ahead. The internet is constantly changing and optimizing. New
opportunities are available regularly on the internet, and I find that
to be so thrilling. Thanks very much Michael for the interview, to find out more about Market Leverage , click here. |
About Michael
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