Looking for a low risk way to effectively boost your online sales? Affiliate marketing is an ideal marketing strategy with a high reward. It allows online businesses to affiliate themselves with website owners who generate sales for your business. Before deciding if affiliate marketing is right for your business, read on to understand exactly how affiliate marketing works and if your business will benefit from using it.
How it works
Affiliate marketing starts with an affiliate such as a blogger or a website owner who is interested in your business. They are allocated a tracking URL which is used to track which affiliates are driving traffic to your website. The affiliate will advertise your business using several different platforms and will get paid to bring in customers. Visitors will then follow the URL to make a purchase and the affiliate will receive commission for each visitor that converts to a customer.
Affiliate marketing has its own set of unique advantages and can be an important part of an online marketing strategy. As it is a pay per performance marketing strategy is a cost effective way to increase online sales. It is performance based; so you are only required to pay for results, if they convert visitors into customers or any other identified action, not only when they drive visitors to your website. As your business can specify commission rates and which actions will generate higher amounts, you control how much you spend. Choosing diverse affiliates will ensure their different marketing skills such as SEO, blogging, email marketing or social media marketing will get your business noticed by a targeted audience. Affiliate marketing is associated as a low-risk, high-return investment which is ideal for small businesses to explore new markets, save time and trial other forms of online marketing.
Tracking your Results
For affiliate marketing to become successful for your business you will need to track your results to determine your cost per acquisition and whether you are achieving your goals. You must also test where your traffic is coming from to ensure trustworthy sources are used by your affiliates and your brand is maintaining a high reputation.
Here at Clarity Marketing we can help you with all of your marketing needs. If you need help with incorporating affiliate marketing into your online marketing strategy give us a call on 1300 060 204 or submit an online enquiry.