If you’re managing an affiliate marketing program on a low budget – or outsourcing the task out to someone else – you may be left with ineffective strategies, sluggish growth or dissatisfied clients.
Affiliate marketing should be a measurable way to boost sales. But how do you ensure your program has the potential to take your brand awareness to the next level? Does your program provide constant recruitment of new affiliates? Does it align with your clients’ strategies, as well as your own? American City Business Journals urges you to first be sure affiliate marketing fits into your company’s overall marketing and brand strategy before diving in. For this to happen, you’ll need to devote attention to all of your affiliate programs or find someone who can.
Some marketers get so bogged down in the weeds they end up actually wasting company resources, rather than addressing the nature of the challenges to their program. Digital marketers in particular should review their management techniques for new ways to grow strategically. With the potential to represent 5 to 15 percent of online sales and performance based payout structure, affiliate marketing is a necessary part of the digital marketing portfolio for retailers looking to grow their online sales, Multichannel Merchant reported.