Dear Kalena...
I am fed up spending hundreds ($350!!!) per week in Google/Yahoo PPC for only 2 sales per week, week after week. My Adwords are getting more expensive, it is ridiculous.
My task for this week is to develop an affiliate program. I have installed software to manage the affiliates and I will contact as many relevant blogs and websites I can to offer them $100 per sales. Which strategy do you reckon? Using an affiliate network? Which one? is $100 (25%) ok? Do I have to give a bonus at the registration ($10 ok?). Do you have some advice to attract affiliates? What can I write in the letter I will email to them that will motivate them to register? If you already have received some interesting letters asking you to be affiliate, would it be possible to forward them to me?
DamienKalena's Answer:Hi Damien
That's a lot of questions for a single cup of coffee! Here are my suggestions:
a) Try bidding on less-competitive keywords/phrases in your PPC campaigns. Research and focus on the laser-targeted 2, 3 and even 4 word phrases. These are cheaper and generally convert better.
b) Review all your ads and your keyword matching options to see if you can improve their quality score and performance. Your ad headings and copy should be laser-focused on the keywords you are bidding on.
c) Are you sending all PPC visitors to a single destination URL? Try developing targeted landing pages for each keyword theme or product and send ad clickers to these instead. Landing pages should include your keyword phrase in the heading and copy of the page and lead visitors directly to your conversion goal without any competing navigation or distractions.
Regarding your affiliate program:
a) I don't use an affiliate network as such, so I can't recommend any in particular. We have just upgraded to
JROX Affiliate Manager software for our Search Engine College affiliate program and it seems to be extremely powerful and effective so far. It does involve a lot of setting up and customization, but it pretty much runs itself after that.
b) Regarding your affiliate commission - you could either have a percentage of sales (somewhere between 5 and 25% is common) or a flat fee per sale. Depending on the affiliate program you use, you could even set it up as a pay per click commission where affiliates receive a small fee for every visitor they send your way. Whatever makes the most sense for your product and market.
c) It's up to you whether you you offer a sign-up bonus. It's not that common. We offer a $2 bonus just to get people started, but again, it depends on your market.
d) Regarding attracting new affiliates, you really need to convince them they will make money by promoting your product/service. Ideally, you should have a product that sells well online and is of high quality. Make sure you have a lot of marketing tools for affiliates to choose from (banners, links, buttons etc.) and a very detailed list of features and benefits they can refer to in their own marketing efforts.
In your pitch email, you should give potential affiliates a dollar figure they will make from selling just one of your products so they can get an idea of the potential income they could expect. I personally wouldn't cold-call to find affiliates, unless the product is unbelievably tailored to their site content. Instead you should create banners and promotional pages about your affiliate program and try to attract people to them. A PPC campaign to attract affiliates or leads generally converts better than one to attract sales.
Once you've got some affiliates in place, make sure you give them a very easy way of tracking referrals and commissions and keep in regular contact with them with ideas for how to promote your product/service.
Good luck!
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Technorati | BloglinesLabels: affiliate marketing, google adwords, ppc, yahoo search marketing