I normally don’t post links without adding something original to the conversation.
However, this article by Sally Falkow on building an email list with social media is a must read…
http://falkow.blogsite.com/public/item/155255
I came across this via Andy Beal, so make sure to check out his informative discussion on the issue as well.
A company in our space will soon be releasing a platform which allows for the ability to place affiliate links in bittorrent files. Affiliates will be able to place links and check stats while advertisers will be able to select the placements depending on file type in an automated system which looks very much like a CPA network.
The company wishes to remain anonymous at this point, but will make an announcement in the next month.
I had a beta walk through tonight, and this has the potential to be huge.
Thoughts? Legal issues? Is anyone else doing something similar?
Google is ramping up its Checkout platform.
I’ve heard rumblings from my sources within the company and from a few of the merchants involved in the Checkout program that something major is on the way… soon.
Tonight, it seems that Google has added Checkout to the main search page in a very prominent way…
Here comes the fun.
I’ll release some info when I can, but let me know you opinions on how this relates to affiliate marketing. Strap in… it’s going to be a wild ride in the coming weeks.
[EDIT] Jonathan (TrustNo1) has also posted on this development over at ABestWeb. Be sure to follow the conversation there as well!
Are you a new CPA network, or one that is trying to grow outside of its traditional box, or a merchant program courting new publishers? Then you need to know how to treat them.
My advice?
1. Be upfront about payouts, pay rates, offer types, commission structures.
2. Google them and do research. Don’t rely on a business card, word of mouth or a forum for all of your insight. Impress the publisher with how much you knew about them before you called, and they will take the hook.
3. Interact on forums with them… argue or agree on industry issues they care about… just show that you care (and if you don’t care you should look for another line of work).
4. Don’t try to throw money, iPods, stereo equipment, cruises or other gimmicks at publishers to activate and retain them. It won’t work. If it does work, it doesn’t say much about that publisher.
5. Ask them advice on a potential new offer or industry issue by phone, im or email. People love to give feedback and state their point of view. Let them know you’re interested in theirs.
6. Don’t pressure them for leads when they have a down month. Pressuring never works.
7. Send Starbucks gift cards or cheese and wine baskets out of the blue. It’s the little things.
8. Ask them tough questions about how they are promoting your program or network offers. Don’t take gloss answers, but let them know you are actively looking at every publisher with some scrutiny to keep the quality of your offer or network high.
9. Don’t pretend like you know what you don’t know or that you are smarter than you really are… be humble and accept advice and complaints from publishers. Make a detailed “ADVICE” and “COMPLAINTS” list with info on who gave the input and how you can act on it. Then, act on it and email/call/im the publisher to let them know you are on top of things. You don’t have to make all the changes or tweaks the request, but let them know that you’re at least listening and entertaining the idea.
10. Treat the smallest publisher the same way you treat the highest performing loyalty site. It’s hard, but it works.
Have more advice? Leave them in the comments or send me an email.
Shawn Collins has posted an interesting piece on AffiliateTip based on a question he received regarding the appropriate time to fold your affiliate program if it’s not working.
Here’s the question…
Ask Shawn Collins: Time to Close the Affiliate Program
After three months, my company’s CEO is getting ancy regarding our affiliate campaign. We’re a somewhat niched market and we’ve had an account with Commission Junction that has so far yielded very little activity and even fewer sales. At what point should we simply pull the plug on our affiliate campaign?
Shawn writes that 3-6 months time should be sufficient to determine if a new affiliate program will gain momentum, if it is proactively managed. That proactively managed part is the key. If you don’t have someone competent, dedicated and even zealous about getting your program off the ground, then chances are your program is going to need far longer than 3-6 months to take off (if it ever does).
Then Shawn throws out three (in my opinion) great points:
Networks and merchants do a horrible job at retaining affiliates. For the most part, I think most networks and merchants have figured out the activation part since that part of the paradigm relies mostly on affiliate action. However, retaining affiliates requires skill, finese and tenacity not often seen in networks or merchant programs.
The most important point is that affiliate marketing performance is not based on how much money you throw at your program. That’s why this is an often frustrating and slippery business. As Jeff Doak cited in the last Weekly Insight podcast with Jeff Molander, Cingular spent around $1 BILLION on brand advertising last year. Even if they threw 1/100 of that at affiliate marketing, it wouldn’t suggest a successful program. You can’t quantify relationship and that’s something big brands are just realizing with the emergence of social media.
I blogged about Sidekiq’s debut a few weeks back. The meta search engine has since taken off in popularity due to rave reviews from users (for good reason). I’ve actually replaced Google with Sidekiq as my browser start page and search engine of choice.
Within the Sidekiq video directory (which is available at video.sidekiq.com or the video/tv browse category within sidekiq.com), the Sidekiq team has added a new search functionality. Founder Steve Hemmady emailed to let me know about these new functions as Sidekiq continues to kiq butt in meta searching…
I also wanted to let you know that over this weekend, we added intelligence to it’s server called Sidekiq IQ. Sidekiq IQ server, intelligently crawls the Internet space, extracts relevant links, compiles a directory of information & makes it available through the Sidekiq UI interface.
Steve and Anuta Udyawar were previously behind Onepage.com (which was sold to Sybase). Onepage had a similar model to Sidekiq’s IQ with an easy to use rich UI combined with an intelligent server. It got several great reviews and developed a following based on its ease of use.
Steve is right when he pointed out to me that:
“In general, good usability comes from a combination of easy to use rich UI with intelligent/smart & scalable server as in the classic cases of Google Maps & GMail.”
If the early versions of Sidekiq are any indication of the future direction, expect to hear lots about this meta search engine in the coming months. I’m particularly enjoying the “Domain Search” function so I can keep track of which domains Shawn Collins is snapping up!
Great job, Steve and Anuta!
Is this the future?
Rockstar Traffic is the self serve platform that directly accesses the ArcadeRockstar social gaming community. ArcadeRockstar is a 100% opt-in community of casual gamers that are both motivated and qualified consumers. With 90%+ historical advertiser retention rates our results speak for themselves.
Are other programs doing this and I just don’t know about them?
http://www.rockstartraffic.com/
If you are an affiliate or publisher, dealing with the plethora of CPA networks can seem like a daunting task. However, there is a lot of money flowing in the networks, and there is a lot of money available to publishers or affiliates with the right amount and right kind of traffic. You may have that and not even know it.
Every veteran has an opinion or a piece of advice on how to deal with these networks, and every experienced affiliate marketer will point you to their favorite two or three networks as “the best to work with.”
The truth is, if you know what you are doing, working with various networks can give you a good insight into what the current trends and highest performing CPA offers are at the moment. Working with more than one network, and with networks that are not necessarily the most talked about can also open doors to better relationships, higher payouts, quicker payouts and better offers.
The trick is to know how to get your foot in the door with these networks, and how to deal with the publisher specialist, or publisher manager, you’ll be working with.
These are networks like Hydra, AdDrive, Market Leverage, Rextopia, RocketProfits, FiliNet, NeverBlue, or eMarketMakers. Azoogle, Adteractive, Websponsors, Advertising.com etc are also out there, but there is already a tier system developing in the network space, so trying out just one of those is not representative of the CPA network genre as a whole.
So, here at five quick tips for newbie’s (and perhaps a few veterans out there) contemplating the idea of trying out a CPA network that have come from my years of experience in the network space…
1. Call and talk to a person. Don’t just send in an email. Publisher directors (comparable to affiliate managers in an affiliate network) absolutely love to get phone calls from affiliates or publishers. I promise. Ask them questions about the types of offers, payouts, or whatever is on your mind. They know all about their program and most of them love to talk about how their program is different, or better, than the competitors. Let them know the level of your interest at the beginning of the phone call and how long you have to spare in the conversation. Then just make sure you have a notebook to write down all the info they will surely give you.
2. Be upfront. If you decide to join a specific network, go through the application process and then call the network or company and speak to a publisher manager. Let them know about your application and tell them that you have a few more things you’d like to add to your application. Tell them what type of offers you are looking for, give them reasonable expectations about your traffic levels and ask them how they can help you. The networks are more than willing to give you two or three points on how their specific program can work with you as an individual. Plus, that phone call sticks you in the head of the publisher director who can later tip you off to high converting offers or bump your payout.
3. Immediately find out about payouts. You can do this before you join a network. But make sure you ask about when you will get paid. This varies from net10 to net45 based on the network. Don’t ever assume the net payout number!
4. Ask about incentivized traffic. The publisher director you speak to will surely throw out some of the network offers that have been doing well as a selling point. Whether or not you yourself have incentivized (you give your readers/users incentive to fill out a lead form with a special offer or service) traffic, you will be competing with other affiliates or publishers who do in some cases. Once you’ve joined, look for the offers that are marked as “Can Be Incentivized” or “Cannot Be Incentivized” and think about what kind of competition you may be up against. Incentivizing an offer results in lower lead quality, but higher lead counts… so keep that in mind.
5. Get to know your publisher manager or director. Affiliate marketing is all about relationship, but so are the CPA networks. Getting to know the person you are working with in a network can be a make-or-break proposition. In my experience as a publisher director, I would often give insider tips about which offers are (in reality) performing the best or which offers are going to be pulled in the upcoming weeks, or they can even bump your payout. It’s not always showbusiness… sometimes it’s showfriends.
The key to working with CPA networks is to understand the difference between how they are set up and what they can offer you as compared to affiliate networks. As a gross generalization, affiliate networks have rev-share type offers with recognizable brand names. CPA networks have performance type offers that stress lead generation and quick turnaround. So, it’s a much more efficient and upfront marketplace than the affiliate networks in that issues such as chargebacks and payout rates can be settled up front rather than after the fact.
So, do your homework, ask around and, most importantly, talk to people at the CPA networks.
I’ll be posting a “How to Deal with Publishers” later this afternoon from the CPA network side of things. Hopefully, shedding some light on the networks and how they operate will increase affiliates willing to work with them and cause some much-needed conversation in our industry/
Every network needs more publishers and affiliates.
It is wonderful to have a niche network, but in order to cover production and overhead costs, there is a statistical point on the revenue curve that you have to achieve in order to stay afloat. Since angel investors and venture capitalists still haven’t discovered affiliate marketing (yet), companies in this space have to find that statistical sweet spot quickly and efficiently in order to survive the first four months.
There is a beyond interesting conversation going on in the comments about the nature of affiliate marketers and those who need help and education and those who are educating the affiliate managers they work with. Brian Littleton of ShareASale and Jim Kukral of BlogKits have pointed out the need to help bloggers overcome the learning curve normally associated with affiliate marketing and steps they are using to do so. Jeff Molander is arguing for the need of more intelligent affiliate managers that don’t need the constant schooling from saavy affiliates.
Where is the combination for your network or merchant program? Do you rely on affiliate managers to be good salespeople and hope they know what they are talking about? Do you actively recruit people to work for your network who have industry experience on both sides of the fence?
And where do bloggers fit into all of this? Are bloggers truly the next long tailed collection of eager and willing affiliates waiting to be discovered so that they can begin to make some money from the time and effort they put into the craft? Blogging is an art, and when done well can be a beautiful thing. Is your network actively seeking out these artists to help diversify your affiliate base?
I’d go so far as to say that within three years, affiliates as we once knew them will be gone. Static sites with html banners will always have a place, but that place is constantly being eroded by the vast ocean of content. If you’re not making content or at least updating your site, you may face a daunting task as search continues to evolve and social media continues to be adopted.
Well, it’s almost a done deal for close to a billion dollars.
The ramifications are huge for Europe and potentially for working with international affiliates via Advertising.com. I still can’t believe AOL/Time Warner is the buyer, but it makes sense with their strong push towards moving from a subscription revenue model to an advertising revenue model. I wonder how many investors will dump their shares after the buyout?
I’m definitely going to be asking Zanox about their thoughts on this at the Summit.
For more info and discussion check out Fraser’s UK affiliate blog and follow the news on BUMPzee.