This Static Spot is open for sponsor

Click Here to Sponsor MCT Eric Post in Full Page

Afrikaans Afrikaans Albanian Albanian Amharic Amharic Arabic Arabic Armenian Armenian Azerbaijani Azerbaijani Basque Basque Belarusian Belarusian Bengali Bengali Bosnian Bosnian Bulgarian Bulgarian Catalan Catalan Cebuano Cebuano Chichewa Chichewa Chinese (Simplified) Chinese (Simplified) Chinese (Traditional) Chinese (Traditional) Corsican Corsican Croatian Croatian Czech Czech Danish Danish Dutch Dutch English English Esperanto Esperanto Estonian Estonian Filipino Filipino Finnish Finnish French French Frisian Frisian Galician Galician Georgian Georgian German German Greek Greek Gujarati Gujarati Haitian Creole Haitian Creole Hausa Hausa Hawaiian Hawaiian Hebrew Hebrew Hindi Hindi Hmong Hmong Hungarian Hungarian Icelandic Icelandic Igbo Igbo Indonesian Indonesian Irish Irish Italian Italian Japanese Japanese Javanese Javanese Kannada Kannada Kazakh Kazakh Khmer Khmer Korean Korean Kurdish (Kurmanji) Kurdish (Kurmanji) Kyrgyz Kyrgyz Lao Lao Latin Latin Latvian Latvian Lithuanian Lithuanian Luxembourgish Luxembourgish Macedonian Macedonian Malagasy Malagasy Malay Malay Malayalam Malayalam Maltese Maltese Maori Maori Marathi Marathi Mongolian Mongolian Myanmar (Burmese) Myanmar (Burmese) Nepali Nepali Norwegian Norwegian Pashto Pashto Persian Persian Polish Polish Portuguese Portuguese Punjabi Punjabi Romanian Romanian Russian Russian Samoan Samoan Scottish Gaelic Scottish Gaelic Serbian Serbian Sesotho Sesotho Shona Shona Sindhi Sindhi Sinhala Sinhala Slovak Slovak Slovenian Slovenian Somali Somali Spanish Spanish Sundanese Sundanese Swahili Swahili Swedish Swedish Tajik Tajik Tamil Tamil Telugu Telugu Thai Thai Turkish Turkish Ukrainian Ukrainian Urdu Urdu Uzbek Uzbek Vietnamese Vietnamese Welsh Welsh Xhosa Xhosa Yiddish Yiddish Yoruba Yoruba Zulu Zulu

 

 

Article Navigation

Back To Main Page


 

Click Here for more articles

Google
How to Boost Your Online Sales with an Affiliate Strategy
by: Peter Koning
Ever since we had products for sale in the offline world, we had sales agents. You know the ones - the multi-product travelling sales "reps" carrying products and business cards from different manufacturers. They made sales without having to carry inventory, handle payments, and sign contracts. Their focus was to make the sale by getting the order, which was then processed by the manufacturer.

In the online world we now have the same model, with a twist. Instead of agents we have affiliates. Affiliates are highly targeted pay-for-performance sales agents which pre-sell your customer and are paid a commission when the desired event occurs. The most common reward is pay-for-sale, where the merchant pays the affiliate who referred the paying customer.

Affiliates are treated as a complementary sales channel. The merchant still receives their own direct traffic and makes his own sales in parallel to the affiliate channel. The twist is that the affiliate doesn't need to handle the order. This is taken care of by the merchant, who has a tracking system to determine which affiliate sent the business to them. These tracking systems typically start with what are called affiliate links, which are the links that the affiliate puts on their site or in an email.

What's an affiliate link look like? There are several variations, but most have the affiliate link embedded in the linking URL. E.g. If you ever see a link like "www.some_clever_merchant.com/shop/?affid=1232" you can be pretty sure that the affiliate with id 1232 will receive money from some_clever_merchant when someone buys after clicking that link. Other affiliate links are more complex, encrypted, or set up so that the referring domain is tracked so no affiliate id is even needed in the link. Some sites will cloak their links so that the curious surfer can't detect that they have clicked or are about to click an affiliate link.

Amazon has one of the oldest affiliate programs. The Amazon Associate program rewards sites whenever someone purchases a book or Amazon product after being sent to Amazon via an affiliate link.

Other affiliate business models can be:
- "Pay per click" - the merchant pays the affiliate for the traffic they send them
- "Pay per lead" - the affiliate sends traffic to the merchant, where the prospects register their interest and a possible sale occurs later. The merchant pays for the registration information - usually some sort of application form on the merchant's site.
- "Pay per subscription" - the merchant has recurring revenue from the customer and the affiliate benefits accordingly

Merchants who are new to e-commerce usually don't establish an affiliate network as the first channel. Like the offline world, merchants typically build their own sales force first and fine-tune their sales and marketing strategy before taking on dealers and independent agents. The key for a new merchant is to ensure that their e-commerce platform will support an affiliate strategy later on. For merchants having a well tuned e-business, an affiliate channel has been shown to add 20-30% to their existing online sales.

However, it's not a free ride and many merchants end up with failed affiliate strategies due to their lack of investment in other related areas. The merchant needs to invest in a tracking system, which is usually an outsourced affiliate network or an in-house affiliate software system. Another expense to consider is having sufficient human resources to recruit, screen, manage, and motivate the affiliates. Without a good support system in place, the affiliates will not produce the desired results.

What types of businesses use affiliate strategies? It is usually any online business that sells products which can be pre-sold by an affiliate. Service businesses can also benefit from an affiliate program via a pay-per-lead program. If the service business has recurring revenue from a customer, they need to consider if they want the affiliate to receive a recurring commission - it depends on the industry and what the competition is doing.

Once a merchant has decided to establish an affiliate strategy, they need to define the unique aspects of their affiliate offering. Some questions to answer are:
- What are the benefits to the affiliate?
- What is the competition doing?
- What is the pay-for-performance model?
- What criteria should be used to screen the new affiliates?
- Who will manage the affiliates and motivate them?
- How are the affiliate to be paid and does your e-commerce system support the accounting required?
- What affiliate management features do I need? Which ones will differentiate me from my competition?
- What affiliate software tracking system or network should be used?

An affiliate strategy done right can increase your online sales. There are over 20 affiliate software packages - hosted, in-house, and networks to choose from. There are over 200 features in affiliate software and network offerings. Selecting the correct affiliate software will depend on your strategy and desired features. With the proper analysis of your strategy, selection of the correct affiliate tracking system, and an investment into the affiliate management resources required you will be well on your way to boosting your online sales.

About the author:
Peter Koning is the founder of www.Affiliate-Software-Review.comHe has been active in the international IT, telecom, and Internet industries for over 20 years.

Merchants can compare affiliate software products side-by-side, see examples of products in the categories mentioned, and instantly create free feature comparison charts by visiting http://www.affiliate-software-review.com


Circulated by Article Emporium

 



©2005 - All Rights Reserved

This Static Spot is open for sponsor

Email Marketing Information

Read Articles:

Adware Installation Stealth Tactics
Choosing Your Web Hosting Reseller So...
The Best Internet Advertising Is Free...
Publishing A Newsletter
The Best Simple Software For The Busy...
Protect Yourself with a Porn Filter
wanted ads online
Email Communication Is Dying. What's ...
How To Avoid Getting Hooked By Pfishing
Crying For Help Online
How Not To Get Web Design Work
Autoresponders: Automatic Internet Ma...
I’m new to Ebay, What Scams Are Out T...
Virus prevention and removal
Autoresponders Help Create Automatic ...
Anti Spam at the Enterprise Level
Transfer Huge Files Online Fast And Free
To the next level with Google Groups 2
Finding friends and family on the Int...
How To Get Help From Ebay’s Safeharbo...
When Things Go Wrong: How To Resolve ...
The Ebay Buyer’s FAQ.
Unique Features that leading Web Host...
Why Choose Dial Up ISP Services
Free Software Quickly Eliminates Time...
Backup and Save your business!
Basic Steps To Optimize Your Internet...
Time Management Tips for Solo Entrepr...
When And How To Withdraw Your Ebay Bid
Having a domain name and web site giv...
10 Helpful Tips For Running A Profita...
How to register your domain
It Truly Is a "World-Wide" Web
All About Computer Viruses
Busting Online Copyright Thieves
Website Buying Guide Checklist
Save Time & Sanity With Virtual Assis...
Malware Quiz
Internet News Services Explode Online
Why Corporations Need to Worry About ...
Elements of Web Hosting
Do Your Autoresponders Drive Your Cus...
The West's Wild Internet
5 Critical Steps to Protecting Your C...
Why Use Anonymous Proxy Servers?
CleverDocs for IFAs - Compliance, Rel...
Baby Boomers, Do You Blog? Learn Wha...
How To Use Ebay’s “Second Chance Offe...
The Internet - Life without it.
Consumer Beware... Identity Theft Too...
Microsoft CRM Integration with Lotus ...
Megapixels of Doom
10 Tips For Web Success
Domain Registration: Why You Need Pri...
Spammer in the Slammer: Jeremy Jaynes...
Network Monitoring for Serious eCommerce
BUSTED: Anti Spam Forces Bankrupt Sup...
Is desktop search deserving?
Understanding Ebay Buying Tools.
From Spyware with love!
What kind of processor do you need on...
How To Get eBay Coupons.
11 Proven Methods For Maximizing Your...
Steps to becoming a web host reseller
PowerPoint to Flash – A new trend in ...
The Key To Distributing Articles
What Is Spyware - An Overview Of Spy ...
The Opera alternative
7 Reasons NOT to Take Your Laptop on ...
The 10 Most Important Questions To As...

More Article Pages 1 - 2 - 3 - 4 - 5 - 6 - 7

Tips to Build Your Email Address Database

WHY BUILD YOUR EMAIL ADDRESS DATABASE?

Gaining your customers' email addresses will:

  • Provide an additional channel for reaching your customers
  • Increase the ROI of your marketing investments
  • Significantly reduce your customer acquisition and marketing costs
  • Allow you to easily measure the impact of your marketing campaigns
  • Increase your customer participation and retention rates

With ongoing postal and telemarketing pressures impacting marketing budgets for many organizations this year, email marketing could become the "silver lining " for many marketers.   But how do you create a successful email marketing campaign if you do not have a substantial email database?  That question may be one of the largest Internet related challenges facing companies this year.

Research shows that the majority of organizations have email addresses for less than 10% of their postal files.  So how do you level the playing field and start to add quality permission - based email addresses to your database?

Here are some tips that you can use to cost effectively build your email address database and increase your customer participation and retention rates: 


START TO ASK FOR IT!  

Every communication or touch point with a customer should start or end with a request for an email address.   By utilizing the four points below, you should be able to add email addresses for 5% to 10% of your postal file over the course of one year.

1.  Direct Mail Collection

Think about how much time and money you spent for copy and design on your last new direct mail piece.  Most companies have started to ask their customers for their email address information within these mailings.  This is a great step forward. However, companies need to look at one major improvement if they want to increase their email address collection rates. 

To date, most requests for email address information have been pushed, shoved or jammed into whatever white space remains.  It should be no surprise that the success rate has been less than stellar.

To improve on these efforts, you need to provide your members with a reason to release their email addresses to you.  E-newsletters, purchase confirmations, petitions, and special discounts and offers are but a few of the benefits that will encourage your members to come on board.

2.  Web Page Collection

Many companies have an email address collection function in place via the web.  To improve your sign-up rates, add text below the email request box that informs your visitors of the special email benefits that they will receive (i.e. e-newsletters, purchase confirmations, delivery updates, etc.) upon registering.  You can also utilize a pop-up link to inform users of these special benefits.

Finally, your email address request function should be available on your home page. Don't make your users go and look for it.  Every click away from your home page reduces the chances of your users taking an action and providing you with their email address information.

3.  Existing Email Database Collection

Don't forget to ask the members of your existing customer base for email addresses of their friends, family and associates.  Viral marketing is a powerful tool to use and is extremely cost effective!  You could ask them either to provide you with additional addresses or simply to pass on your newsletter, email specific offers, or other information to others they feel have similar interests.

4.  Telemarketing Collection

Don't assume that your telemarketing agents are asking for email addresses from potential customers.  Ensure that your agents have an updated script, which outlines the previously described benefits to potential customers of providing their email addresses.

The suggestions above are a great start!  Yet they really should be viewed as a secondary plan for building your email database.  To exponentially and expeditiously grow your email database, please read on!


EMAIL APPENDING  

Utilizing an email appending service enables you to add email addresses for up to 25% of your postal file, all within 3-4 weeks.

Email Appending - is the process of adding an individual's email address to that individual's postal record in side your existing database.  This is accomplished by matching the postal database against a third party, permission based database of postal and email address information.

Best Practices - Email Appending is not a prospecting tool. The DMA (Direct Marketing Association) and its interactive arm AIM (Association of Interactive Marketing) have guidelines in place that dictate that email appending only be used to append email addresses to your existing opt-in postal record house file.

The Process - Your opt-in postal file is securely transferred to an email appending provider, who will do an initial gross email address match of your file against its opt-in database of postal and email address records.  Your appending provider will then send these matches a permission-based message prepared by you.  All bounces and opt-out requests will be removed from the list.  At that point a valid permission-based email address file of your customers will be delivered back to you. 

Cost - Less than the price of a postal stamp!


IN SUMMARY

The first step of any successful email marketing effort is to build a permission-based email address list of your customers.  The simplest, quickest and most cost-effective way to do this is through email appending, which will enable you to add email addresses for up to 25% of your postal file.  Secondary efforts of email address collection via focused direct mail, web, viral and telemarketing practices are also important and will enable you to add email addresses for an additional 5% to 10% of your base on an annual basis.

Best of luck in building your email address database.  As many companies have already learned, the ROI and cost savings to be achieved will far exceed your expectations.

Bill Kaplan
CEO
FreshAddress, Inc.

FreshAddress, Inc., The Email Address ExpertsTM, provides a comprehensive suite of industry leading database and email deliverability services to help companies increase their e-commerce revenues.  For more information on how we can help "Build and Update" your email list, visit http://freshaddress.com/biz or email biz@freshaddress.com.



©2005 - All Rights Reserved

JV Blogs Visit free hit counter