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As
Affiliate Marketing matures, so does the level of sophistication
of sites that earn a significant portion of their revenue
from Affiliate relationships. These Affiliates have very savvy
business strategies to maximize revenue. So, the good merchant
program needs to make sure that they offer the necessary technology
to assist their Affiliates in maximizing their profits.
"Test,
Test, Test", is the primary rule in online marketing.
The speed and flexibility of the Internet allows websites
to try out new marketing strategies and then analyze the results
very quickly. Then, it's possible to adjust the marketing
strategy immediately to maximize performance. One of the simplest
and yet most effective ways of maximizing performance is to
know precisely the performance statistics of the site's various
ad campaigns.
You
see, a good Affiliate will have multiple methods
of promoting a merchant's links. In addition to their primary
website, they might have a popular newsletter that goes out
to a large list regularly and they might have a small text
ad on a complementary site. It is critical for that Affiliate
to know which links are producing the best conversion
rates, that is impression to sale ratio. That's the only metric
that is really meaningful for either the Affiliate or merchant.
How many people actually buy after viewing the
link?
MyAffiliateProgram's
"SuperTrack" module allows the serious Affiliate
to track multiple ad or link placements and also allows for
both the Affiliate and merchant to understand how each placement
is performing. For
example:
Let's
say that Affiliate #101 has 3 primary modes of promotion
for their site.
A) The banners placed on their nicely designed, well trafficked
site,
B)
Endorsement style text links in their newsletter with
3000 subscribers and
C)
a 6 line text ad in a complementary newsletter run by
another web business.
They have decided to promote Merchant X's products in all
3 venues simultaneously. With SuperTrack's "sub ID"
tracking feature, the Affiliate can assign each of the 3
different links for the 3 different audiences, a unique
SubID# that will be tracked under their main Affiliate ID
number. This way, both the Affiliate and the merchant will
know exactly which link provided the most
impressions, clicks and sales.
This
tracking is vital to the success of the Affiliate's business,
because without this capability, they may wrongly assume that
the banner ad on the main page worked the best, when in reality
the SubID tracking may prove that the newsletter text testimonial
link was far more effective at producing sales. Additionally,
he might discover that the partnership with the other website
produced virtually no traffic and no sales, so he may elect
to discontinue that relationship and find another, more productive
one.
Like
everything else with MYAP, the tracking codes needed to implement
SubID functionality is quite easy. A regular Affiliate ID
text link code looks something like this:
http://www.myAffiliateprogram.com/u/user/t.asp?id=1001
And the same Affiliate using a Super Track SubID would use
a text code that looked like this:
http://www.myAffiliateprogram.com/u/user/t.asp?id=1001&sub=ad1
The report that both the Affiliate and the merchant can see
on their respective Admin Pages, will list the SubID stats
directly under the total stats for that Affiliate's activity.
It's perfectly simple to see just what SubID is most productive
so that the Affiliate's marketing strategy can be adjusted
accordingly.
Now,
you might think that it is only large, super Affiliate sites
that need this kind of tracking, but that's not entirely true.
Any Affiliate that is savvy enough to utilize 2 or more marketing
methods for their business would benefit from this module.
Also,
merchants who don't use SuperTrack have reported that Affiliates
are joining the program under different names & getting
different Affiliate ID#'s in order to track the performance
of different placements. This presents a problem when the
merchant needs to cut multiple commission checks for the same
Affiliate. Or, when the Affiliate has earned commissions under
one ID but has not met the minimum threshold for that ID,
and therefore cannot be paid by the merchant for that activity.
With SuperTrack installed, all Affiliate performance would
be tracked under the "Master Affiliate ID#", so
that only 1 check needs to be generated, and all performing
ID's are combined under the main ID to meet the minimum payment
threshold.
For
another innovative way to utilize the SuperTrack feature,
please read the companion article to this piece entitled,
"Tracking
Solutions for Non-Profits".
For
additional information on pricing and integration of SuperTrack,
click
here now.
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