NETexponent, as a Performance Marketing Agency, understands the value affiliates can bring to a web business. However we find that this channel within a business is often overlooked, undervalued, or quite simply misunderstood. Hopefully we can shed some light on what makes Affiliates valuable for a business on the web.
- During the 2nd Quarter of 2006, affiliate shoppers spent 7% more than the average consumer in internet sales
- Affiliate marketing consumers were 43% more likely to convert into a sale than consumers directed by other referrals
- Affiliate marketing shoppers were 17% more likely than the average Internet user to have average household income of greater than $75,000
- 32% of affiliate shoppers were between 45 and 64 years of age, and were 4% more likely to have children
(Stats based on comScore Networks panel of 1 million affiliate marketing consumers in the US)
The ability to drive quality traffic to a site certainly adds value to affiliates and last year MarketingSherpa estimated that affiliates worldwide will roughly earn $6.5 billion in commissions.
So how do affiliates earn their keep?
Well for one, affiliates typically come with little risk, as the majority of affiliates work on a pay per performance basis. Another benefit to affiliates is that they can offer a variety of unique advertising platforms – comparison shopping, loyalty sites, coupon and niche sites just to name a few. With little risk and a majority of work being performed on the affiliate side, for a web business, affiliates can certainly be an attractive way to gain exposure and sales at a manageable cost.
So how do you find quality affiliates?
If it was as simple as picking some names out of a list, agencies like NETexponent would not exist. Finding affiliates who will maintain a business’s brand standard in addition to driving quality traffic to their website can be a daunting task. Fortunately, NETexponent has maintained an extensive database of quality affiliates whom we’ve worked with and can rely on. Additionally, we have a team of dedicated experts who are constantly working on expanding that database.
At NETexponent we manage:
- More than 25,000 publisher records spanning across Linkshare, Performics, and CJ.
- More than 60 fields of data per record which helps determine which affiliates are suited best for our clients based on their needs
- NETexponent continually works to ensure information is kept up to date and accurate.
- We attend 7-10 conferences per year where business cards and contacts are collected and matched against the database for accuracy.
- 1-1 emails and phone calls are tracked for reference
- Publishers are periodically asked to confirm accuracy of information we have on file
We believe that having strong affiliate relationships is major component in building and maintaining a successful affiliate campaign. To fully realize the potential of affiliates we grow affiliate programs as we would an internal sales force, and treat them accordingly – as partners in business.