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The affiliate marketing industry is showing its teeth, bringing in an estimated £2bn worth of e-commerce sales in 2006.
With an estimated 80% of this coming from only 20% of affiliates, there is a lot of power being held by only a handful of players.
Affiliate marketing is now, more than ever, in need of good communication skills to ensure that clients are getting the cut through needed with ‘super affiliates’ - the big hitters having a huge impact on your online returns.
One thing affiliate marketers don’t often take into account when running affiliate programmes is media agency and public relations skills. And why would they? Affiliate marketing is about securing sales for merchants in exchange for commissions, while media agencies and PR are about wooing journalists and ad networks to get publicity for their clients. Right? Not anymore.
The shape of the affiliate industry is quickly changing, with the success of many affiliate programmes relying on their ‘super affiliate’ relationships for maximum visibility and sales across affiliate networks. But the future of affiliate programmes is not based on sales alone.
Previous experience in media agency environments has taught me that there are better ways of running affiliate programmes. Ensuring merchants have maximum visibility and branding across affiliate sites, and making sure activity is tied to the wider marketing mix, will produce far higher returns.
Below are six key learnings that affiliate marketers should consider when running and securing affiliate programmes - to ensure maximum returns:
Working with dedicated affiliate managers, as opposed to in house marketing executives, is highly advisable, as they (should) go above and beyond the sales side of affiliate marketing. It is their job to ensure relationships with ‘super affiliates’ are maintained; that branding is consistent across their sites; that brands get maximum exposure online, and that all affiliate activity links back to marketing campaigns.
If you are already achieving this from your affiliate programmes, keep up the good work. If not, it’s time to see how you can better maximise affiliates for your marketing gain.
Mark Kuhillow is the MD of R.O.EYE.