Affiliate Experience: Fast Food or Fine Dining? #ASE17

“I go to a fast food chain if I want a quick meal, but I go to a restaurant if I want fine dining.”

The Dining Experience

Fast Food Chain

  • Uniformity of menu with predictable taste
  • Efficiencies of scale = inexpensive (food and atmosphere)
  • Minimal, low skilled labor

Fine Dining Restaurant

  • Complex menu with exotic taste
  • Unique, difficult to mass-produce = more expensive (food and atmosphere)
  • Centered around a creative chef with experienced staff (Host/hostess, Servers, Sommelier)

The Affiliate Experience

“Fast Food” Affiliate

  • Limited value-add (links, presentation, content, etc.)
  • Efficiencies of scale = maximize automation (site and user-experience)
  • Minimal effort exerted (outreach, branding, voice)

“Fine Dining” Affiliate

  • Extensive customization and value-add integrations
  • Unique user experience = high value proposition (site and user-benefits)
  • Centered around a creative niche and focus
    • Person (blogger, celebrity, expert)
    • Idea (loyalty, cause, entity)
    • Need (“scratches an itch”)

17 tips to enrich your “menu” and rating as a master chef.

Take your savory experience from “greasy spoon” to five-stars. Food = Content!

Tip #1. Your Publisher Profile

  • Keep it updated and interesting. Include a call to action!
  • Concise, current network profile
  • Why do I want to join your program?
  • How can I help you, the advertiser?
  • What is my value-add (to you)?

Tip #2. Affiliate Links

  • Optimize banners and images as “web-friendly”
  • Compare .jpg and .png quality and size
  • Imagify (https://imagify.io) can do this for you!
  • Why optimize?
  • Fast sites = higher conversion rates (check @ https://tools.pingdom.com)
  • Many users are on mobile devices
  • Don’t overdo banner ads and links
  • Ask affiliate manager for more!
  • Custom banners
  • Deep links

Tip #3. Commission

  • Reward Generously
  • Default commissions need to be efficient, competitive, easy to understand, yet tantalizing.
  • Sell the sizzle to get the attention of publishers.
  • Keep it simple – no one likes a confusing menu.
  • Dynamic Commissioning
  • Larger or niche publishers and advertisers require a more detailed and complex commission.
  • Different verticals need different commission structures.
  • Some larger publishers will be paid a much higher commission rate. Advertisers and Publishers need to cater to the needs of each other.
  • Attribution Settings
  • Attribution separates who gets what and why. Know how you get paid and what works best!

Tip #4. Incentives

  • Boost Campaigns & Bonuses
  • Menu Specials
  • In Fast Food, across the board commission boosts encourage recruitment, activation or re-engage a dormant publisher.
  • Fine Dining publishers may be encouraged to promote a specific product with a boost or are offered more per sale in a bonus based on volume tiers.
  • Contests
  • Set up a program to encourage sales activity, make the rules simple and measurable, then let everyone know how it works.
  • Used to promote new products or encourage more sales activity.
  • Top Partner Events
  • The Ultimate Fine Dining Event. Sometime Fine Dining is actually part of the event.
  • Solicitation of high volume players or Top Revenue producers.
  • 1×1 opportunity for relationship building.

Tip #5. Coupons

  • Coupon Tracking, Suppression & Attribution
  • Ensures proper attribution for the Publisher.
  • Advertisers prefer automation to determine attribution.
  • Process needs to be standard, efficient and built for scalability.
  • Promo Codes / Custom Codes
  • Most Promo Codes designed for the masses like $1.00 off on Hamburgers.
  • Advertisers can use Vanity Codes or Custom Promo Codes for top-tier Publishers.
  • Publishers can use this tool as a co-branding tool or exclusive offer.
  • Coupon commissioning
  • Advertisers need to refrain from making discounts so deep that they impact commission amounts.
  • Publishers need to understand the commission terms and if coupon affects commission.
  • Data Feeds
  • Great tool for Publishers to receive current coupons from multiple advertisers.
  • Advertisers use data feeds to distribute their offers to many publishers.

Tip #6. Communications

  • Emails
  • Email exchanges are 1×1 (Fine Dining) experiences.
  • Consistent communication between top Advertisers and Publishers are essential for optimization.
  • Newsletters
  • Newsletters are mass communication to a large audience.
  • Newsletter communications are vital to developing relationships with a large number of affiliates.
  • Press Releases
  • Great way to communicate a message or announcement to a large population.
  • Like Fine Dining, message is well crafted and the process more formal.

Tip #7. Be Mobile-Friendly

  • Google’s Mobile-Friendly Test: https://search.google.com/test/mobile-friendly
  • Many users are not on computers
  • Nearly 3 Billion smartphones in use now worldwide but only 2 Billion personal computers!
  • MediaPost: 53% of smartphone users purchase with them
  • Ad blockers more common on desktops
  • Don’t forget about tablet users also.
  • Cross-device tracking

Tip #8. Cross-Device Tracking

  • 50% of all transactions begin on mobile
  • Tracks a transaction across multiple devices, such as first click on mobile device, final purchase from desktop
  • Average sales increase 3-24%
  • Greatest percentage gain from CDT – Content Publishers
  • Nothing required from affiliate – implementation occurs on advertiser’s site

Tip #9. Affiliate Tools

  • Product Feeds
  • Enables advertisers to send detailed product information to a large group of publishers.
  • Gives publishers all the info they need to promote specific products and deep link into carts.
  • Reduces clicks and increases conversions.
  • Widgets
  • Allows publishers to put a little piece of the advertiser’s site on their landing page.
  • Product choices made with a widget are then deep linked into an advertiser’s cart.
  • Allows for a seamless sale in a franchise-like experience.
  • Custom Landing Pages
  • Custom / co-branded landing page – ultimate fine dining experience
  • Pages are optimized to maximize conversions with custom promotions or offers.
  • The special meal not on the menu!

Tip #10. WordPress

  • It’s free and used by ~27% of all websites!
  • Huge selection of templates
  • Massive plugin options that add features (over 40K)
  • Other WordPress advantages
  • Translated into more than 50 languages
  • Highly consistent and flexible design elements
  • Frequent upgrades and security enhancements
  • Highly customizable (blog, how-to, journal, forum, membership site, etc.)
  • Mobile-ready (responsive) “out of the box”
  • Social media friendly
  • Search engine optimized
  • Scalable (grows with you)
  • Easy to use!

Tip #11. Technical Integration

  • Most networks offer advanced APIs
  • Affiliate service provider APIs
  • FMTC
  • Datafeedr
  • WordPress affiliate plugins
  • Networks
  • Service providers
  • Shopping cart extensions
  • WooCommerce integration with product catalogs
  • Use “sub-networks”
  • Skimlinks & VigLink
  • Others

Tip #12. Attribution

  • Dividing commission based on role in sales process
  • Last click doesn’t take it all
  • Advertiser’s choice
  • Methodologies vary by network
  • Fixed portions based on location in sales process
  • Bonus based on involvement
  • Soft click – won’t overwrite existing cookies

Tip #13. Site Monetization

  • Paid Placements
  • Reviews
  • How-to articles (with product suggestions)
  • Blog posts
  • Paid content
  • Sponsorships
  • SEO
  • SEM/PPC
  • Social media

Tip #14. Expand the Affiliate Channel

  • Look at affiliate marketing through a bigger lens
  • Search Promotion
  • Social Media Tracking
  • Facebook
  • Twitter
  • Pinterest
  • Instagram – Snapppt.com
  • App tracking (Oplytic)

Tip #15. Reporting

  • Many reports available through network interface. Learn all of them.
  • Fast food – Conversion statistics, timing
  • Fine Dining – EPC, AOV
  • Best sellers
  • Custom Parameters – best performing pages
  • Commission status
  • I wonder if…
  • Google Analytics – not designed for affiliate marketing

Tip #16. Partnerships

  • Strategic Alliances
  • Well thought-out partnerships between advertisers and publishers.
  • Agreements can be from multiple groups of both.
  • Fine Dining experience for the Advertiser, Publisher and Shopper, taking advantage of synergies and maximizing traffic revenue for both parties.
  • Can be exclusive or semi-exclusive
  • Both parties rely on each other's brand to maximize sales.
  • Reciprocal Agreements
  • Great way to promote synergies between partners
  • Each advertiser can become a publisher for the other, provide links to purchase on their site / cart.
  • Burger company teaming up with a bun company and selling their products in a way that offers both.

Tip #17. Account Management

  • Service levels
  • Varies by management agreement
  • Could be managed by in-house Affiliate Manager, OPM or network team
  • Get to know the management team
  • Best sellers
  • Seasonal specials
  • New Products
  • Special site promotional opportunities
  • Read the Newsletters!

The Guide To Native Advertising For Affiliate Marketers by Alex Kapralov #ASE17

Common Native Verticals

  • Technology (gadgets, software)
  • Health & Beauty
  • Financial Services
  • Gambling
  • Dating
  • Games
  • Education & Careers

6 Most Effective Styles For A Strong Headline

  • Informative
  • Inspiring
  • Innovative
  • Shocking & Jaw-Dropping
  • Touching & Heartwarming
  • Questions

Campaign Goals That Align Well With Native Ads

  • Increase traffic to original content
  • Improve CTR and Engagement
  • Educate the general public (and inspire new customers)
  • Alter brand perception (and associate brand with content)
  • Improve sign up rate for mailing lists

Reflection: Why Choose Native

  • Native advertising is on the rise
  • Strong Native ad campaigns have:
    • –A compelling headline
    • –A motivating description that includes key words and language that inspires action
    • –A clear and emotional image that will be relatable to users
  • Native ads improve your CTR
  • Native ads are great for campaigns that:
    • –Are content driven
    • –Aim to acquire new customers
    • –Aim to change brand perception

Journalism and Content Marketing – Peanut Butter & Jelly by Christine Parizo #ASE17

The Editorial Calendar

  • Use themes.
  • Plan months in advance.
  • Break down themes into content.
  • Be prepared to flex.
  • Measure engagement

Have an Angle

  • Business problem
  • Customer as hero
  • Behind the scenes
  • Be informative

Executive Summaries

  • Essential details
  • Skip attribution
  • Be visual
  • Differentiate

Leverage interviews

  • Expert quotes
  • Internal SMEs
  • Paraphrase

Research!

  • Statistics
  • Third-party studies
  • Examples
  • Always attribute

 

How Negative Brand Images Can Affect Affiliate Revenue by Tonyn Wright #ASE17

Brand = promise in a personality – but: what is Brand Perception?

  • It’s not what you say
  • It is tied to what you do
  • It’s not your advertising
  • It is tied to your customer service
  • It’s not your social stance
  • It is how CUSTOMERS and potential CUSTOMERS see you

What drives Brand Perception?

1) Social Responsibility

  • Supports good causes
  • Environmental Responsibility
  • Community Responsibility

2) Emotional Appeal

  • Feel good about
  • Admire and Respect
  • Trust

3) Products & Services

  • High quality
  • Innovative
  • Value for the money
  • Stands behind

4) Workplace Environment

  • Rewards employees fairly
  • Good place to work
  • Good employees

5) Financial Performance

  • Outperforms competitors
  • Record of profitability
  • Low-risk investment
  • Growth prospects

6) Vision & Leadership

  • Market opportunities
  • Excellent leadership
  • Clear vision for the future

What’s Bad and What’s not

BAD

  • Bad Customer Reviews
  • Bad word of Mouth
  • Bad behavior by executives or employees
  • Bad products
  • Bad Business Practices

Not Bad

  • Social Stands
  • Honest Mistakes
  • Missing the mark Marketing
  • Disgruntled Employees (mostly)
  • Honest but mostly positive reviews

What can brands do?

  • Proactive Reputation Management
  • Respond to reviews!
  • Spend money on customer service
  • Take responsibility for actions

What can affiliates do?

  • Monitor your brand’s reputation. Tell them when you see a problem
  • Know your audience and what they are sensitive too
  • Push brands to do positive reputation management
  • Don’t risk your reputation with a bad brand. It’s not worth it.

5 Profitable Businesses To Build Around a Non-Fiction Book by Jim Kukral #ASE17

How To Triple Your Revenue With Non-Fiction Books by Jim Kukral

CEO, AuthorMarketingClub.com & BusinessAroundaBook.com

Topics

  • How to maximize revenue from non-fictions books
  • How to take your expertise and sell it “beyond” the book
  • Discover business models available to you generate revenue
  • How you can get started today!

There are two reasons people use the Internet, and two reasons only:

  • To have a problem solved.
  • To be entertained.

Winning Non-Fiction Formula

  • Write a great book.
  • Build business abround the book.
  • Use book to drive leads to business.
  • Prodit. Wash, rinse, repeat.

Lets Do Some Math

  • The average non-fiction author will only sell 800 copies of their book in their lifetime!
  • Let’s say you are the anomaly and you sell 1,000 books next year.
  • 1,000 books sold at $5.99 on Amazon = $5,900
  • After you pay the Amazon cut, you make $4,130.
  • Plus your costs (cover, editing, marketing)
  • Maybe you only end up earning $2,000 from 1,000 books sold.
  • That’s not enough!

Why Do People Pay For Things?

  • People pay to have problems solved (non-fiction)
  • People pay to save themselves time
  • People pay because they don’t want to do it themselves
  • People pay because they don’t like making mistakes
  • So the question to you is…
  • What are you offering to people who want those things? And if you’re not… what’s stopping you?
  • Your book is an instant credibility builder and lead generator, it’s time you used it as such!

But Nobody Will Pay For What I Know!

  • Doesn’t matter in most cases what your book is about
  • Doesn’t matter that you think people don’t want to know what you know
  • What matters is you offer your expertise to a target of people who want the solution to the problem the have!
  • What matters is you use your book to build a business “around” that book!

The Big Questions

  • What type of business should I create “around” my book?
  • What do I price it at for maximum revenue/conversions?
  • How do I know if I’m pricing it too high or too low?
  • How do I most effectively close sales?
  • What should my sales funnel look like and how do I set it up?
  • Should I use Facebook ads? How do I set them up and where to target?
  • How much time/effort is this going to take from me to do?
  • How much money can I make from doing this?
  • What technology should I used to power my program?
  • How do I get my first sale and future sales?

Accelerating Revenue Growth Through Influencer Marketing by Tadd Spering #ASE17

Why influencer marketing?
Influencer marketing is one of the hottest, and most effective, ways to get your brand in front of a massive targeted audience.

Influencer Marketing Statistics

  • When social media is part of their buyer’s journey, customers tend to convert at a 129% higher rate.
  • They are also four times as likely to spend significantly more than those without a social component.
  • Customers acquired through word-of-mouth (such as influencer marketing) are retained at a 37% higher rate than those acquired through other means.

Brands are spending a lot on influencers

  • Globally, marketers spent $570 million on influencer marketing last year… on Instagram alone.
  • In 2016, brand sponsored influencer posts cost $9.7 million. By 2019, it’s expected to rise to $32.3 million. (Source: Media Kix)
  • On average, brands spent $25,000 – $50,000 per influencer campaign in 2016.
  • Some companies charge a minimum of $10k to run a campaign but results can be seen with a smaller budget.

Best Practices

Transparency

  • Ideal partnership between brand and influencer allows for transparency within the campaign terms and analytics.
  • Bloggers should disclose their exact number of followers and degree of influence.
  • Brands should clearly identify their content needs, specifically if there are any legal mentions such as #ad or #sponsored and pay influencers on time.

Campaign Tracing and KPIs

  • Brands and retailers should have a real-time view into how well the campaign is performing.
  • KPIs should be agreed upon before the campaign and measured fairly throughout.
  • Some influencers are better at driving sales and conversions while others are best for engagement and user acquisition.
  • KPIs should be unique to the campaigns.

Influencer Marketing will be a large part of the overall marketing strate

  • A recent Influence 2.0 study shows that influencers will play a role in the overall customer journey through content, engagement and community.
  • It is by engaging influencers in authentic, long-term relationships and creating value within the relationships between influencers and their communities, that CMOs can impact sales, satisfaction, retention and overall customer experience

Campaign Overview

  • Budget of < $10k
  • 10 style influencers created outfit posts featuring the products provided by brand.
  • Influencers shared all posts to their blogs, Instagram, Pinterest, Facebook and Twitter, with full tracking functionality through Stylinity’s Go2Buy platform.
  • The duration of the campaign was 3 months.

Affiliate Network Migrations Made Simple by Chris Tradgett #ASE17

 

Overview

  • why move your program?
  • program audit
  • new program setup
  • migrating affiliates
  • ongoing analysis

why move?

  • network closing…
  • network not what it used to be
  • your business has changed
  • expanding markets
  • moving to a SaaS platform

check the details

  • do your due diligence
  • technology
  • mobile and cross-platform
  • reach and service
  • compliance and fraud management
  • affiliate relationships
  • affiliate reporting system
  • negotiate contract terms
  • ensure there’s no ‘non-compete’ clause
  • assess your team – new hire or OPM?

program audit

  • understand existing publishers
  • revenue drivers
  • promotional needs and channels
  • ensure lines of communication open
  • conduct a gap analysis
  • prepare recruitment communications
  • Set a manageable overlap time

program set up

  • communication is key to success
  • build a strong PR plan for launch
  • phone major affiliates well ahead to pre-warn
  • email all affiliates ahead of launch date
  • get the new network fully set up and tested well before launch

migration process

  • manage partner migrations
  • personal interaction
  • meet major affiliates
  • provide page link analysis
  • ensure the right creative is available
  • look at incentives for changing links
  • maybe cull inactive publishers…
  • dead links
  • beware of brand issues from dead links:
  • major affiliates more likely to move
  • old blog posts may not be obvious
  • smaller affiliates less responsive
  • all can lead to a network 404
  • consumer views of the brand may be impacted
  • success
  • Example migration from Missguided.com
  • migrated exclusively to Awin network

ongoing analysis

  • program analysis
  • continual network affiliate analysis
  • use third party link analysis tools to identify links still active
  • compare with competitors using backlink analysis tools
  • completing migration
  • ongoing analysis of former programs
  • regular communications to prompt
  • keep up pressure until the overlap period ends
  • incentivize late movers
Bücher, die jeder Unternehmer gelesen haben muss

Bücher, die jeder Unternehmer gelesen haben muss

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