Last
updated March
15,
2005
Affiliate
Marketing Basics
Affiliate
marketing is fairly simple and easy to accomplish. Once
your business establishes an affiliate program on the Web,
the opportunity to increase income rises. Just as with
any type of marketing, the closer you monitor your affiliate
marketing relationships, the greater your potential for
profit.
An
affiliate marketing program is created when a merchandiser
who wants to increase sales (of products or services) offers
an affiliate program to other businesses online who are
willing to sell or promote the merchant’s product
or services on their site. In exchange, a commission is
paid to the business Web site who promotes the merchant’s
product and / or services and who sends the merchant visitors
or sales. The actual purchase, payment transaction, and
fulfillment are taken care of by the merchandiser. Basically,
the affiliate Web site (Webmaster) gets paid when they
are able to entice their site’s visitors to link
to the merchant’s site and order a product or request
more information.
The
following are a few ways to “get
paid” in an affiliate marketing program:
- Pay
per click: sometimes just clicking
the link will earn you money.
- Pay
per sale: most
popular (and oldest) affiliate standard agreement.
Often the referred visitor will have to buy something
in order for the affiliate to receive payment. The
Webmaster can get paid with either a percentage of
the sale or with a fixed amount.
- Pay
per lead:
this type of affiliate program requires the referred
visitor to act in a certain way before the Webmaster
is paid. The most classic example of a pay per lead
affiliate program is one in which a referred visitor
subscribes to a newsletter. When the visitor clicks
the merchandiser’s link and subscribes to the
newsletter, the Webmaster gets paid.
- Pay
per impression: this
is in fact just the same as paid advertising. The merchant
pays only to show his banner ad. This means that the
Webmaster or Web site publisher gets paid even if visitors
don't purchase anything and even if they don’t
click through to the merchant’s site.
- Two-Tier
Programs: these add an additional
dimension. Commissions are paid on two levels; if
a Webmaster directs another Web publisher to sign
up for the merchant’s affiliate program, the
Webmaster who made the referral receives a portion
of the referred Web publisher’s revenue.
Are
You Using Public Relations?
There
are lots of examples of public relations that you experience
each and every day—everything from reading a wonderful
story about a local or national business in the newspaper
to attending an event or program developed by a company
you have contact with. Some people believe the practice
to be only about speaking with journalists, or nothing
more than reporting information about a company.
The
practice of public relations is the outward and inward
projection of your company’s identity. It is how
people view your company and what people think about when
they hear your company name. Do they have good feelings
or have they had a bad experience? Part of public relations
is how you look and feel to the community, how you look
nationally or internationally. Some public relations issues
are much more complex, such as what kinds of events do
you have? What organizations are you affiliated with? Who
does your company support? And, of course, what do people
think and feel about your company?
An
internal public relations function is to ask yourself how
your employees feel about where they work and how they
are treated. What do they say when they are not at work?
Are they complaining in front of prospective customers,
or are they singing praises of their boss and the organization
as a whole? Some employees may not understand that whatever
they say and do outside work hours affects their paycheck
and the bottom line at their place of work.
If
your company isn’t using public relations - you
should take another look.
Here
are just a few things to consider:
- Word-of-mouth – terrific
promotion if it’s good
- Make
announcements – new employees, new locations, and
celebrate everything
- Find
a cause to support and put your company name on it
- Phone
hold information about your offerings
- Write
editorials
- Write
a customer mailing – with a client testimonial
- Be
enthusiastic – the person who answers your phone
should be happy (they must love where they work)
- Make
sure you have satisfied customers
- Do
something newsworthy and let the newspaper, radio, and
TV stations know about it
If
your business isn’t using public relations --- get
help and get acclaim!
Marketing
Tip:
Try a Marketing Drip!
Looking
to create a place in your customer's mind (or at least
their desk) as their preferred vendor or service provider?
How
well do you communicate the benefits of doing business
with you?
How
often do your customers or potential customers receive
something from your business?
Are
your marketing efforts interesting enough to be worth remembering?
Do they all have a consistent image?
Some
marketing solutions to answer these important marketing
questions:
Conduct a direct mail marketing campaign with several coordinated pieces sent
in a specific order to your primary target market. This type of “planned” or “sequential” marketing
program is also known to some as “drip marketing.” This strategy
involves sending out a number of promotional pieces or marketing pieces that
link together over a period of time to defined sales leads. It can create a
sense of “what's coming next?” and assist with the ability to remember
your company
Consistency
The term “drip marketing” may sound a bit “wet” but
it actually is a direct marketing promotion that works to slowly but steadily
gain customer sales over long periods of time. The constant drip (or marketing/promotional
pieces) gets attention and gets your company's name in potential customer’s
inboxes (both desk and desktop.)
Clarity
and Brevity
Increased competition and an influx of communication in the marketplace demands
clarity and brevity of your message. Be clear and brief in your marketing campaign
to capture attention and get remembered at the moment of truth...when your
customer is preparing to make a purchase.
Offer
Results!
Solution-based messages are essential in a long-term direct mail campaign or “drip
marketing” campaign.
Consistency,
brevity, and continuity mixed together with creativity
can produce results in a well coordinated sequential direct
marketing or “drip marketing” campaign.