Affiliate Marketing Program Conversion Optimization Tips
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Geno Prussakov's presentation on affiliate program conversion optimization. Presented under the title of "Affiliate Program Performance – a Shared Responsibility" on August 19, 2013 at Affiliate Summit in Philadelphia, PA, USA.
Motivate by Opportunities!
Even in traditional management “threats are
generally counterproductive” and “always
demotivating.”
“We can motivate people to their highest levels of
potential by presenting them with opportunities to
succeed instead of telling them what to do”
[underlining mine]
Source: Alexander Haim, Streetwise Motivating & Rewarding Employees
3. Affiliate Marketing ≠ Channel
“…but, rather, a way of remunerating a marketer…
hence, affiliate marketing really exists on the
crossroads of a number of online marketing
channels and works with nearly all of them.”
Source: Affiliate Program Management: An Hour a Day (p. 24)
It is a marketing context, based on the principle of
performance-based compensation.
It is integral to understand this for ensuring
proper/healthy co-existence (not conflicting, or
cannibalizing, but complementing) of affiliate
program with all channels of marketing that the
merchant is employing.
3. Affiliate Marketing ≠ Channel
4. Don’t Cruise on Autopilot
As any serious marketing campaign, affiliate program
must be managed supporting these 5 pillars.
Leaks - Definition
Leaks – anything that may lead to a course of
action for which affiliates will not get credit.
Leaks - Examples
1. Phone Number
2. Live Chat
3. AdSense Units
4. Affiliate Links
5. Links to Related Stores/Sites
6. Links to Other Merchants
7. Links to Other Affiliates
….are you more likely to purchase from a site
that has a phone number …on each page?
Psychological Assurance
Source: Online Shopping Through Consumers’ Eyes (p. 53)
Don’t Remove.
Track!!
2. Optimize Creative Inventory
Banners
• Cover common sizes (incl AdSense unit ones)
• Analyze what works for competitors
• Create affiliate-friendly banners
Text links
• Deep-linked to boost conversion
Data feed
• Well categorized, regularly updated
Analyze program terms
(payouts, cookie life, lock dates,
tiered payouts, bonuses)
Become their affiliate
(creatives, policies, newsletters,
promos, tools)
“Friend” and follow them
Remember: “the real purpose of
competitive intelligence is to learn
and to act” …not to merely gather
data or “develop information.”
Seena Sharp, Competitive Intelligence Advantage (p. 100-101)
4. Competitive Intelligence
Offers/Coupons To Run
1. Year-long - 1-2
2. Monthly - 2-3 (make dynamic links available)
3. Short-term - e.g. weekend
4. Holiday - e.g. to encourage "early bird" sales
5. Exclusive - true or vanity
6. Free Shipping - over certain amount
7. Deal of the Day
7. Co-Branded Initiatives
Three- to four-fold increase in conversions (from 8.56% to 23.21%
for a cashback affiliate, 2.5% to 10.9% for a coupon affiliate)
upon introduction of co-branded landed pages
Affiliate Window - http://blog.affiliatewindow.com/?p=1789
66.45% conversion increase, nearly 44% revenue boost, and
132% difference in new customers acquired
Rakuten LinkShare -
m.www.linksynergy.com/share/pdf/linkshare_case_study_smartbargains_072310.pdf
“Creating co-branded landing pages… to align an advertiser’s
brand with the publisher’s brand” increases the “likelihood
of a transaction or action”
Google Affiliate Network – “Affiliate Optimization Center”
9. Demographic Data
Where?
Program bio/signup page
Welcome/approval email
What?
o Basics (gender, age, income)
o Details (children, religion, ethnicity, etc)
o Geographic data
10. Continuous Motivation
How?
In their language
Equipping them with what they need
Employing all available means (program
bio, approval email, regular
newsletters, social)