If you don’t pay close attention to affiliate commissions, you could be missing out on potential income. In a nutshell, without commission tracking, you won’t be able to identify high converting affiliates and provide support to those who need it. Fortunately, you can easily start tracking your affiliate commissions and set up custom rates with us Easy Affiliate plugin. By analyzing clicks, visits and transactions, you can decide which affiliates to reward or give a little extra help. In this post, we’ll explain what affiliate tracking is and why it’s important. Then we’ll show you how to start tracking affiliate commissions in 4 easy steps. Let start it! One affiliate marketing program, your affiliates are the key to your success. This is because in this model you reward these individual creators when they recommend your products and services: When affiliates attract paying customers to your site, they earn commission. This way, your business can increase your sales while giving affiliate marketers a percentage. Since you only pay when you sell, this means that affiliate marketing offers very high offers return on investment (ROI). However, in order to ensure the success of the affiliate program, it is worth tracking the commissions. By comparing your sales to your total affiliate commissions, you can be sure you’re paying your affiliates fairly while maximizing your profits. Plus, commission tracking can help you track individual affiliate performance. If inactive or underperforming subsidiariesyou can encourage them to reach out or offer them some branded material for their campaign. On the sliding side, when you identify high-performing affiliates, you may want to further reward or incentivize them by increasing their commissions. Ultimately, tracking commissions can be an effective way to manage and maximize your affiliate program. Now that you know the benefits of affiliate commission tracking, it’s time to start applying this management technique to your program. This way, you can track your affiliates’ performance and adjust their commissions accordingly. First, you need to find a multi-functional tool to create, manage and develop your affiliate program. With us Easy Affiliate pluginthen you will find everything you need to recruit new affiliates and track their progress: One of the main advantages of Easy Affiliate is the built-in commission tracking. You can see the number of clicks and transactions your business has achieved and compare these metrics to your affiliate payouts. Here are some additional features that your affiliate program can benefit from: To get started with Easy Affiliate you will need buy a subscription. Then maybe download the plugin and install it on your WordPress site. Before you start contacting potential affiliates, you need to determine the amount of the commission. This is the base amount you pay new affiliates, plus any bonuses. By setting a competitive commission rate, you can incentivize high-performing affiliates to sign up for your program. What’s more, affiliates may be more inclined to increase their conversions if they receive a higher incentive. You can often find your maximum commission rate by subtracting your profit margin from the cost of doing business. You can then adjust your base commission a little lower to account for bonuses and incentives. Once you have decided on the amount of profitable commission for both you and your affiliates, you can set that amount with Easy Affiliate. To do this, go to: Easy Affiliate > Settings > Commissions: First, you need to decide whether you want to offer a fixed amount or a percentage commission. You can then enter the commission amount. You can also click on it Add level to create commission levels. This activates the Additional commission rules: After installing the plugin, you can add as many levels as you like. Be sure to enter a unique commission for each: Finally, you need to determine how you will pay your affiliates. You can set this to require a minimum payout and a payout waiting period: Click the button to save your changes Upgrade options. Now you are ready for it find new affiliates to your program! For this, consider find bloggers within the chosen niche. This way, their audience will already be interested in your products: You can also discover high quality affiliates on the site social media. By searching through related hashtags the nicheyou can find influencers who may be willing to work with you: Here are some qualities to look for in a potential affiliate: However, remember that influencers on demand you can expect a higher commission. That’s why sometimes it’s better to look for content creators with a smaller, more targeted audience, rather than one with a high following. This is because this type of loyal audience is often more likely to trust affiliate recommendations. Once your new affiliates have signed up, you can track their progress on your Easy Affiliate dashboard. You can use the Affiliate statistics chart to track affiliate clicks, unique visits and sales: You can also see the daily commissions paid to affiliates below the chart. You can compare this amount with the number of clicks and transactions you received. To track each affiliate’s commissions, go to Subsidiaries page. All of your affiliates will be listed by full name, username, and affiliate ID: You can also view an affiliate’s month-to-date (MTD) and year-to-date (YTD) commissions paid here. This shows how much the affiliate earned in a given month or year. If an affiliate falls behind, there could be a number of reasons. Some affiliates may not understand your products or use of your marketing materials. It is often the first step in motivating underperforming affiliates communicates regularly with them. Also, you may not be paying your affiliates enough. If affiliates don’t seem motivated, consider offering bonuses, lowering your pay threshold, or pays different fees to affiliates. You may also want to reward your star affiliates by promoting them to a higher commission level. On the other hand, identifying underperforming affiliates can help alert you to anyone who might be damaging your brand. online reputation. If this is the case, you can take steps to remove these affiliates from the program. Once affiliates sign up for your program, it’s important to track their commissions. This way, you can ensure that struggling creators get the support they need and that all affiliates get paid fairly. By comparing transaction and commission rates, you can ensure that your affiliate program is profitable for both parties. To review, here’s how to start tracking commissions in the affiliate program: Do you have questions about affiliate commission tracking?? Let us know in the comment section! If you liked the article, follow us Twitter, Facebook, Pinterestand LinkedIn. And don’t forget to subscribe in the box below!Advantages of affiliate commission tracking
Step 1: Download the Easy Affiliate app
Step 2: Set up affiliate commissions
Step 3: Find affiliates
Step 4: Track Affiliate Commissions
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