
28 Aug
Posted by
Rosli M Hanip as affiliate marketing
When measuring the success of an affiliate program that you manage, what do you consider to be successful? Doubling the sales of the program from the previous year… tripling it? I have some clients that are still unhappy, no matter how high sales amount to, because their profit margins are very small.
It is important to set expectations at the start when you are taking on the management of an affiliate program on an outsourced basis.
Success is defined markedly different from one company to another depending on their margins, expectations, and success or failure of other forms of marketing and advertising.
At this point, I had say you have a couple choices. The easy way out would be to just not renew with this client. While you don’t want to make a habit of this, there are just some companies that refuse to be satisfied by any results.
Otherwise, I would suggest putting together documentation that demonstrates the success of the affiliate program.
Point out the growth of the affiliate program since you took over. Also, try to pull together data on the competitors. You can get some of this information easily if they share their EPC and other benchmarks, as well as their commission structure.
Otherwise, and this is much more of an investment on your part, become an affiliate of the competition and actively promote them to get a sense of their performance.
After gathering as much information as you can, work to extrapolate these numbers to create a side by side comparison with the affiliate program you are managing.
Maybe you’re paying more to affiliates than the competition, or perhaps you’re outperforming everybody else in the vertical and you have an unreasonable client.
In the future, I’d encourage you to ask for the past stats on the site - conversion rates, volume of transactions, satisfaction with other marketing and advertising channels, etc. Also, be sure to set expectations with them.
And How Affiliate Programs Add Value to Your Site?
In the last few years, webmasters have discovered that affiliate marketing can be an extremely lucrative way to earn additional revenues from their sites. Now, a purely informational website that doesn’t sell anything can generate massive revenues by adding recommendations to products and services via online affiliate programs.
Signing up for affiliate marketing programs can be a very effective way of paying for web-hosting fees and bandwidth, domain names, and the time it takes to keep an informational site updated.
So what exactly is an affiliate marketing program? Affiliate programs are nothing more than partnerships with various business online. Partnering up with these businesses gives you the ability to offer additional resources to your visitors and is a valuable way to attract and retain your visitors because you are adding additional value.
Online affiliate programs have a track record of being very successful. They have been responsible for creating massive wealth over the last few years and have really become a popular addition to the webmaster community.
Joining an affiliate program requires you to apply and you can usually gain approval immediately. Many affiliate programs provide you with a host of banners and other tools that you can use to market their products and services and each tool is linked to your unique affiliate ID to ensure that you get credit for the sale.
If you’re interested in becoming an affiliate marketer, there are many different programs and products that you can promote. To get started, I would recommend that you check out Commission Junction, one of the leading affiliate marketing networks and one that will give you access to thousands and thousands of different products and services that you can begin to earn money from immediately.
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