RevLifter makes 1:1 personalization possible; their award-winning, AI-powered approach translates into revenue for merchants. We are excited to be hosting a webinar with RevLifter, one of our technology affiliate partners, for LinkConnector merchants. Here’s a sneak peek into their capabilities.
On the closing day of Affiliate Summit East (#ASE19) in New York City, LinkConnector’s Co-Founder and Co-President, Choots Humphries, presented on the topic of 5 Benefits and 5 Techniques that Add Value to Affiliate Networks. We are excited to recap actionable takeaways from this presentation.
Choots opened by making the point that all Affiliate Networks are not created equally and there are many types of networks. There are affiliate networks, like LinkConnector, offering a full range of technology and tracking solutions along with management services and program optimization. There are Ad Networks (or CPA Networks) which generally act without transparency to promote an advertiser’s offer based usually on an insertion order. And, there are networks which would be better classified as a pure tracking solution which offer advertisers tracking solutions for all forms of online advertising and aren’t exclusively geared towards an affiliate program. Choots further elaborated that the contents of this presentation were going to be focused around traditional affiliate networks.
Choots kicked off the presentation by listing five benefits of Affiliate Networks and announced he would be offering five techniques or considerations for each to extract value from network relationships. Here are the five benefits…
Proper Tracking and Crediting
Proper tracking and crediting for merchant and affiliate customers is one of the most critical functions of a network. Here are five consideration points shared to demonstrate such:
ITP 2.2 Compliant and Supports Parallel Tracking
Consumers have used coupons for online shopping discounts for over 20 years. As consumer demand for online coupons rose, affiliate websites like RetailMeNot.com, Savings.com, and Coupons.com were created to meet and monetize this demand. And, over time, coupon codes provided by affiliates evolved slightly to increase conversion and value to the Affiliate Marketing relationship. For example, a specific vanity code branded to an affiliate site or a code more easily remembered (e.g., Save10) tends to be more effective than a random code. Coupons specifically designed to increase shopping cart value (e.g., 10% off a purchase of $100 or more) are also used to increase the value of an online transaction for affiliate and merchant partners. These optimization techniques have one thing in common—they represent only minor evolutionary progress when compared to traditional coupons consumers have used for over 100 years. With the plethora of member data available to affiliates today, so much more is possible and significant evolution is inevitable.
Coupon and loyalty affiliate companies have much data about their members. This data includes demographic details, as well as purchase habits and interests. Armed with such data, affiliates could significantly optimize further if they had the ability to present coupons specific to each member. Another level of optimization could occur if these affiliates could react to consumer decisions in real-time, but coupon codes for any particular merchant are constrained by a merchant’s shopping cart and the need for that merchant to create coupons manually and significantly ahead of a consumer’s purchase decision. But what would our Affiliate Marketing world look like if this constraint were lifted? What would be possible if affiliates could create codes on demand that transparently worked in a merchant’s shopping cart?
With the ability to create coupons on demand, affiliates could customize codes to its members based on real-time circumstances. Over time, and with A/B testing, codes could be optimized to each individual versus the general population optimization that occurs today. In this environment, one member might react better to coupons that expire within hours while another may perform better with several days to consider a purchase. Or, a particular member may convert at a much higher rate when offered coupons targeted to certain items already in their cart. With the ability to create member and situational targeted coupons specific to each combination of circumstances, affiliates will begin to add value beyond anything seen before in the Affiliate Marketing industry. This is value only a particular affiliate can contribute with access to their member data and behavior.
Personalized coupons are the inevitable evolution of online coupons as technology allows for real-time coupon creation by affiliates. Much stronger conversion rates, higher shopping cart order values, and greater customer acquisition are all possible with the ability to A/B test and optimize on an individual basis. Of course, this will serve to restore the value offered by coupon and loyalty affiliates once again in our industry.
Choots Humphries is the Co-President and Co-Founder of LinkConnector Corporation.
FeedFront Magazine, Issue 46
On the opening day of the Affiliate Summit West conference (#ASW19), LinkConnector’s Co-President, Choots Humphries, moderated the panel discussion, Coupon Affiliates Speak Out About Incremental Value. The room was packed with attendees; a testament to the strong interest and chance to learn from three Coupon affiliate experts.
The cardinal question the panel tackled: Can coupon affiliates add value to a merchant’s Affiliate Marketing program? The panel shared insights and strategies as to why and how the answer is a resounding YES. Beyond success stories and challenges, the panelists also explained how merchant brands could empower their coupon affiliates with data and tools to better reach a brand’s Performance Marketing goals.
Here are just a few of the topics discussed with wisdom shared from each influential panelist.
CH: Describe the value proposition representative of Coupon Affiliates.
JM: Coupon affiliates earn the trust of users. Consumers seek out the best deal or coupon offer; they often don’t trust that the merchant’s deal is the best attainable.
PS: User experience is enhanced through the cost-savings gained from storefront pages on Coupon sites resulting in a happy customer for the merchant.
JH: The forums available to users of Slickdeals enables users to engage others and help to highlight what they have found to be the best coupon offer.
Inspiring the excitement, energy and engagement from affiliates is one of the many coveted skill-sets affiliate managers proudly possess. And, it’s one that can be the most challenging.
LinkConnector’s Tara McCommons took the stage at Affiliate Summit in NYC last month to speak about ways affiliate managers can gain attention from affiliates; she also shared difference makers to spark affiliate growth.
Tara started with underscoring the importance of understanding what may motivate one type of affiliate, may not work for another. Whether it be a Google AdWords affiliate, a blogger or a social media influencer, each type of affiliate has different needs at different times. Techniques to find out what those needs may be and glean the needed ingredients that will boost growth include:
Questions aren’t only important when you are unsure of something or trying to figure out something new–they are a catalyst to deepening discussions. Harvard Business Review published a study noting how “asking questions unlocks learning and improves personal bonding”. An example of one powerful question to ask of affiliates is “What can I do to make our brand’s promotion better for you?”
To demonstrate value learned from asking thought provoking questions of affiliates, Tara spotlighted award-winning blogger, social media influencer and LinkConnector affiliate partner, Kim Rowley of ShoppingKim.com who shared the following as items that empower her to thrive when promoting merchant partners:
“120 x 60 banners, and images sized for social media,
True top selling products – not simply those showcased on merchant homepages,
Vanity coupon codes tracked exclusively to me,
Higher payouts attainable for bloggers and not solely available as a bonus to the top-selling affiliate,
Unique content from merchants,
And, Sharing my posts is so appreciated!”