Affiliate Marketing: Building Good Relationships
Tip! Some
affiliate marketing programs will pay you for sending them
quality 'leads'. A lead is usually considered a visitor that
will either sign up for a service or purchase a product.
I spend a lot of time reading cleverly written articles by
Affiliate marketing experts covering topics like "what is an
affiliate program", "how to go about marketing your business
through affiliates", "how to go about choosing an affiliate
network", "getting more out of your affiliate program" and many
many more along these lines.
I have, however read very few articles on developing good
affiliate relationships and really knowing who your
affiliates are. Is this an important aspect of a successful
affiliate program? YES! Without good affiliates, no affiliate
program can be truly great!
Developing Your Existing Affiliates First
So, how to develop those relationships, I hear you ask?
Simple. Let's start with the affiliates you already
have, even if they generate measly amounts of traffic or
sales. These are people who have already expressed an interest
in wanting to sell your product on your behalf, but their plans
to promote you have not necessarily worked, or they have placed
a banner or a link in a position that is not optimal on their
sites or worse yet, they have implemented the tracking codes
incorrectly. Your task is to get these affiliates generating
big(ger) sales!
Draw up a list of who they are, excluding the top 20%
of registered affiliates you have. This top 20% are your Super
Affiliates. Incentivise them, get their feedback, and
have your Affiliate Relationship Manager visit their sites
every month. Most importantly, speak to them!
Tip! Cost
Factor: Most Entrepreneurs refrain from starting a brick and
mortar business or for that matter a Home Based Business (non
internet) because of the investment required. In Affiliate
Marketing the set-up cost is negligible with most programs
being free to join and the merchant even providing you with the
tools, tips and websites.
With the rest of the list, get into contact with every one
of them, get to know them. Often all that is required is a
human voice to guide them through the basics of the
program. Host an Affiliate Conference to train your affiliates
on your system and how it works. Treat them to a day of lunch,
fun interactive workshops and allow them to give you
suggestions, ask questions and really get involved. The best
feedback you could ever hope for is the feedback you will
get from your affiliates. Chances are they are affiliates with
other companies too, and they will know a lot about how it
works.
The Value of Tracking
Pay special attention to affiliate sites that generate a
lot of clicks but no sales. Start by offering specific tips
on which links are performing best. Propose new placements on
the site for your links. Check the tracking. Do some
research into the demographic of the affiliate site, and see if
it matches the type of user you know is successful on your
site. For example, chances are that a 30 year old, mid-income
group woman may be interested in (so she clicks) but unable to
purchase a Ferrari, for example (high clicks, low sales). The
success of your program and the relationship you have
with your affiliates is dependent on finding the right
match!
Tip! Find A
Good Product: It seems so simple people often overlook this
crucial aspect of affiliate marketing. If people are clicking
through from your page to your merchants page and they are not
being converted.
The Benefits of Relationship Building
What you hope to achieve by doing all this, combined with
regular contact with your affiliates, are good solid
affiliate relationships. Affiliate marketing is all about
these relationships and they can only develop if you take the
time to understand who your affiliates are. You'll find that
this time spent will pay off in the way of happy relationships
and, therefore, business success.
Remember, size doesn't necessarily matter when it
comes to affiliate marketing. You don't have to have a huge
database of mediocre affiliates. Rather, concentrate on getting
to know the affiliates you have by keeping the numbers down and
on building those relationships first! Less is sometimes
More!
Quirk is an Internet marketing company
that provides innovative & cost-effective eMarketing
services to the global business community. In addition to
search engine marketing their knowledge of web development,
email, viral & affiliate marketing allow them to offer
businesses a complete Internet marketing solution.
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