Earlier this blog series, we discussed effective text and image creatives and how to use them to most efficiently promote products and services. In this post we’re going to look at monitoring the efficiency of your campaigns and some strategies for going about it.
At Share Results, we believe strongly that relationships are the basis for effective affiliate marketing programs. Strong bonds between affiliates and merchants are the foundation for any effective affiliate marketing program. With this in mind, we’ve created an affiliate marketing software solutionthat not only enhances transparency between the two entities, but also allows them to work together closely by using in-depth tracking and reporting features that monitor how well your creatives are performing.
In order for affiliates to be successful, the merchants whose products they are promoting must provide effective creatives to their affiliates. Knowing which creatives are going to be most successful requires some information:
- The number of impressions must be tracked. How many viewers saw the page where this ad was located? Knowing how your traffic got there, and who they are is also a big part of this equation. It’s very important to understand who your visitors are. Did they get there via a search engine result, or were they recommended by someone else’s site? These differences should play a part in directing your campaigns.
- Then, the click through rate must be examined. How many people who saw the ad clicked on it and went to the landing page (the page where the item can be purchased?
- And lastly, the conversion rate: how many people who clicked through to the landing page actually made purchases?
If an ad is getting a high volume of impressions, but very few clicks, then there are several questions that you can ask. It could be that the ad’s placement on the page needs to be adjusted. And it could be that the ad itself, be it a text or image creative, needs to be reworked.
Ask Yourself
Are you reaching the consumers you want to reach? Is this the right page for this ad? Does that ad have a strong call to action?
Use rotating ads with different images and text to test these until you find the one that works best.
If your ads are attaining a decent amount of clicks per impressions, but visitors are not converting into sales, then it is up to the merchant to look at the efficacy of the landing page. Also, it could be that the creative is misleading in some way, or has not effectively targeted the individuals who are most likely to convert into a sale upon arrival at the purchase page. There are many variables, so it is worth trying many different tactics to reach potential purchasers, and follow the results closely.
Merchants have the ability to see which affiliates are sending traffic to these landing pages, plus their URL, by using the ACID report in Share Results. With this information, they can discover the top performers and what kind of website works best for their product or service.
A great way to achieve success in this area is to constantly be testing and refining your campaigns as well as the creatives you are using to run them. Using a software system that can track all of this information for you will put you miles ahead of your competitors who may not be armed with the same information that you have at your fingertips. Merchants and affiliates must work together to ensure the success of affiliate marketing programs and the reports available in the Share Results software solution help them to do exactly that.
Once again—and there is no way we can stress this enough—always be testing your creatives.
A better understanding of how your creatives are performing = the ability to tailor campaigns based on top performing creatives = the ability to make more money from your affiliate marketing campaigns.
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