The most important affiliate marketing lessons learned in 2016

10
The Most Important Affiliate Marketing Lessons Learned in 2016

Transcript of The most important affiliate marketing lessons learned in 2016

The Most ImportantAffiliate Marketing

Lessons Learned in 2016

DESPITE A TARNISHED NAME,AFFILIATE MARKETINGIS DOMINATING

FROM A MARKETING PERSPECTIVE, MARKETERS PAYINFLUENCERS BASED ON PERFORMANCE. WHEN THERIGHT INFLUENCERS ARE FOUND, BRANDS AREREPORTING EPIC SUCCESS AND INCREASING THEIRAFFILIATE MARKETING BUDGETS EVERY YEAR.

BECAUSE IT WORKS...

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EXAMPLE: SKIN CARE BYALANABRAND SKINCARE BY ALANA DID EVERYMARKETING TACTIC IN THE BOOK. ONCE THEYADDED AFFILIATE MARKETING TO THE MIXTHEY SAW AN INCREASE IN TRAFFIC ANDREVENUE.

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DID YOU KNOW THAT YOUSHOULD FIND A NICHE WITHINA NICHE?

WHEN IT COMES TO WORD OF MOUTH MARKETINGAND FINDING THE RIGHT CONTENT PARTNERS FORYOUR AFFILIATE AND INFLUENCER PARTNERSHIPSCONSIDER STARTING BROAD AND FINDING A NICHEWITHIN THAT NICHE.

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EXAMPLE: TRAVEL INDUSTRYAND THE STATE OF WISCONSIN

WHEN TARGETING TOURISTS, WISCONSIN KNEW THEYHAD TO NARROW THEIR TARGETTING TO JUST THEIRSTATE BUT THERE IS SO MUCH TO DO THERE, THEYHAD TO DETERMINE NICHES WITHIN WISCONSINTOURISM.

WHEN WISCONSIN HIRED AFFILIATES TO USE TERMSLIKE "SNOW MOBILING" AND "WEDDINGS" OR"FISHING" IN WISCONSIN, THE AFFILIATE PARTNERSWERE ABLE TO COMPETE WITH GIANT SITES AND BRING IN REAL RESULTS. READ MORE

OFFER HIGHER COMMISSIONRATES FOR HIGHESTPERFORMERS

MANY BRANDS HAVE BEEN PLEASED WITH THEAFFILIATE MARKETING SUCCESS THAT RESULTEDFROM HAVING VIP COMMISSION RATES TO OFFERTHEIR TOP PERFORMERS.

THE MOST VALUABLE MARKETING ASSETS GET REWARDED WHICH MAKES FOR HAPPY INFLUENCERS,BRANDS AND CONSUMERS.

RULE OF THUMB: LOOK ATWHAT COMPETITORS AREOFFERING FOR THEIRAFFILIATE COMMISSIONS

NOT ONLY DO SOME BRANDS OFFER VIP COMMISSION RATES BUTOTHERS OFFER REVENUE GOALS FOR AFFILIATE PARTNERS AS A WAY TO EARN BONUSES.

MAKE SURE YOUR RATES AND BONUSES LINE UP WITH THOSE OFYOUR COMPETITORS OR YOU'LL BRAND WILL LOSE VALUABLEPARTNERS! READ MORE

AFFILIATE MARKETING IS ONAN UPWARD GROWTHTRAJECTORYAFFILIATE MARKETING IS EXPECTED TO HIT $6.8 BILLIONDOLLARS IN THE NEXT 5 YEARS.

AFFILIATE PROGRAM MANAGEMENT IS UTILIZED BY OVER80% OF BRANDS AND TO UNLOCK THE MOST POTENTIALFROM THESE PROGRAMS, BRANDS NEED A PLAN TOMEASURE A MULTI-CHANNEL APPROACH.

MARKETERS ARE FINDINGAFFILIATE MARKETINGUSEFUL FOR RETENTIONWHILE MORE AND MORE BRANDS ARE IMPLEMENTINGAFFILIATE MARKETING THEY ARE ALSO USING IT IN ALL STAGESOF A CONSUMER'S ACTIVITY. SURE IT WORKS FOR BRANDAWARENESS AND CONVERSIONS BUT MANY BRANDS ARE ALSOIMPLEMENTING AFFILIATE MARKETING TACTICS TO RETAINCURRRENT CUSTOMERS.

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