by Shawn
Collins We love numbers. That's a part of the mania involved in being
an affiliate manager. Big, round, sexy, impossible numbers, like having a roster
of affiliates that number in the six digits. I've got to admit that back
in June, I was seduced by the announcement that ActionAce.com had reached 100,000
affiliates. But a couple weeks after I heard that announcement, I heard that ActionAce.com
was closing its doors. How could this be? More Affiliates, More Problems?
Tons of affiliates may look good on paper, and surely the investors
love hearing about the large stable of affiliates acquiring new customers or members
at a low rate. However, as you acquire more affiliates, you also increase the
time that will have to be dedicated to activate these affiliates. The trend
has shifted from quantifying affiliates to qualifying them. After all, what good
is it to have 100,000 affiliates if only a fraction of those are generating results?
In order to succeed, you must have a strong pool of active, talented, and loyal
affiliates. But too many affiliate managers are breaking a very important
law every day - the "Law of Reciprocity," which essentially means that people
should be paid back for what they do. Sounds simple enough. Despite its
logic and the apparent ease of applying this win-win tool, many affiliate managers
stumble when attempting to implement it. They feel as though the commission check
is the only thing they need give to their affiliates. And then they wonder why
they can't find those elusive loyal affiliates. Ask What Affiliates Want...
I found the secret to affiliate loyalty in an unlikely place. After
joining ClubMom
to run the affiliate program, I was reading through some company promo copy one
day. I came across a phrase that stuck with me: "ClubMom asks Moms what they want
and gives it to them." I figured that strategy was working rather well
to involve members of ClubMom, so it would probably transcend to the affiliates.
So I put a call out in our affiliate newsletter asking the affiliates what they
wanted. They responded en masse, and it was interesting to see that they had quite
a few common requests. They wanted monthly commissions, links directly to
the registration page (not the home page), a community where they could interact
with other affiliates, and, most of all, they wanted a timely response when they
had problems or questions. Glenn Forde, affiliate account manager for
i-traffic concurred: "The best way to keep top affiliates loyal is to maintain
a relationship with them. If you regularly communicate and form a mutual trust,
that produces loyalty in the truest sense. Beyond that, ensure that the basics,
including on-time payments, regular chances for bonus compensation, site promotions,
and a variety of links, are delivered." ...And Give It to Them! I
figured it would not really make a difference to most affiliates if we just paid
quarterly. After all, how many affiliates would really be making enough to merit
monthly checks? But then again, if we did not incur a substantial cost, why not
pay monthly? So I ran through the numbers and the benefits (happy, productive
affiliates) far outweighed the costs (hundreds of dollars per quarter for the
extra checks that were cut). We always linked directly to the registration
page, but too many of you are linking to the home page. Understand this: Affiliate
and dolt are not synonyms. Affiliates are savvy, and they understand that when
they link to your home page, rather than a direct product link or registration
page, they have less chance of a conversion. As I mentioned in a previous
column, we created an eGroup
in order to communicate with our affiliates and to allow them to communicate with
one another. This free resource has been very well received by the affiliates
because it has provided them a venue to share and learn, trade links, network,
and improve their sites. The biggest complaint to come out of my request
for feedback was that affiliates never seem to get a response from their queries
to affiliate managers. I want my affiliates to be loyal, and I do my best to demonstrate
their importance to me with prompt responses to their problems and questions.
In an attempt to please affiliates and show they want a loyal and profitable
partnership, many programs are moving toward contextual links. Scot Wing, General
Manager of GoTo Auctions, explained: "We improved our GoTo
Auctions affiliate program search boxes by providing the instructions to prepopulating
the search field. This made the affiliate's link to our site immediately more
relevant to their site content and increased the click-through rate." Have
You Told Them Lately That You Love Them? Back in June, I sat on a panel
of affiliates at Refer-it's
Affiliate Solutions conference for my site, BabyLounge.
At one point, I expressed frustration that the majority of affiliate programs
can't be bothered with me. It was both enlightening and disheartening to hear
that my fellow panelist Patrick Toland, Director of Business Development for Schoolpop,
has shared my experience with too many programs. Why should your affiliates
be loyal to you? Have you asked them what they want, and if so, have you delivered?
I am personally a serial affiliate. I have a nasty habit of being very impatient
with programs that don't respond to my wants and needs. I am not alone. Woodrow
Wilson once said, "Loyalty means nothing unless it has at its heart the absolute
principle of self-sacrifice." Can you truthfully say that you inspire loyalty
in your affiliates? |