The digital age has brought with it many new ways of building and growing a business. Online businesses thrive in the 21st century as consumers warm to the convenience of online retail, and all businesses – no matter the size – have an online presence that boosts their visibility. It’s for this reason that marketing budges have been required to change. Not only is regular traditional marketing still relevant, but there is now the need to market online.
The first impression many consumers will have of your brand is when they land at your website page. This will happen when they search for your area of commerce and find you in the search engine lists. Yet it is a competitive world and one where you need more than simple SEO to help you get noticed. Affiliate marketing is one method that many successful marketers use. What is affiliate marketing, and how does it work?
What is Affiliate Marketing?
Affiliate marketing is not a dark art, and nor is it anything secretive. It is simply a way of getting a brand or product known to a wider audience. That’s the brief explanation, now let’s consider who and what is involved.
Affiliate marketing involves, when stripped down to basics, two parties: the merchant which is the company or individual making or selling the product or service, and the affiliate. Each has a role in the process. The merchant may be a manufacturer, a retailer, or an individual running a drop shipping business, for example. Likewise, the affiliate may be either a business specializing in affiliate marketing or an individual.
What happens is this: a person with a website, blog or online publication sees a product they like. They contact the merchant and ask to become an affiliate. They then publicize the merchant’s product by way of a blog or many blogs, on their own website, in reviews, on social media and so on. For each sale that their publicity brings, they get a commission payment. There are specialist affiliate marketing companies that earn a lot of money monthly.
Now, the merchant can be a large enterprise looking for extra exposure, a start-up business or anything in between. All need as much exposure as they can get. That’s the low-down on affiliate marketing. Before we move on to talk about affiliate managers think about it as old-fashioned word-of-mouth brought up to date. You find a new shop in your local town, check it out and tell your friends, they do the same and tell their friends, and so on. Except the affiliate gets paid!What are Affiliate Managers?
Affiliate marketing is a constant fixture in digital marketing trends and is likely to remain so thanks to its simplicity and effectiveness. So why are we talking about affiliate managers, and what job do they perform? The title to this article asks why you should use affiliate managers to manage your program and the clue is in there: quite simply, because it needs managing. No merchant will have one solo affiliate, they will have several – the more the better!
The affiliates need to be monitored for performance. New affiliates need to be found and brought on stream. Affiliates will need to be assessed for relevance before reaching an agreement, and they will need paying. An affiliate manager is effectively managing a team, and there lies the problem.
As a manager in a growing business, you already have a team or teams to manage. Furthermore, smaller and growing businesses cannot afford to take on a full-time affiliate manager as that salary may be needed to invest in sales or essential manufacturing roles. The answer is to engage the services of an affiliate management company. They will perform this role for a number of merchants, and you will get a dedicated manager who is on call to keep you updated when necessary. The management company will source affiliates, check them out, sign them up and keep an eye on performance, and also manage the commissions.
They will enhance and launch new programs for you and help market your product using relevant, experienced affiliates that offer genuine worth and value. As experts in the field, the affiliate management company can spot a good affiliate over one that is not worth the effort and build your brand with you.
Engaging the services of an affiliate management company is akin to create an entire new marketing division, but at a reduced cost. You will see the benefits of this cost-effective method as you watch the online marketing developments that affect your market sector and your business. This is why even the biggest companies use specialist affiliate managers to manage their affiliates.
Is Affiliate Marketing the Future?
The simple fact is that affiliate marketing is a growing scene in terms of digital marketing and promotion, and we’ve explained why that should be. The only problem for smaller businesses is that when they decide to create a team of affiliates and manage them without professional help it becomes a case of a lot of effort being put into the job that could be better used performing their own specific role. That time taken up managing affiliates is also potential growth wasted. You use a professional for all other aspects of your business, so why not do so for your affiliate marketing?
In many ways affiliate marketing is of the present rather than the future, but it is here to stay. Affiliate managers may well be the future as their value becomes obvious to more businesses wishing to broaden their market exposure and reach. It’s certainly worth talking to an experienced and established affiliate marketing company for help and advice, as they will be able to explain more readily why their services can make a considerable difference to your growth.
If you’re looking for the way forward it may lie with affiliates, so talk to the experts who can find you the right people for the job.