Knowing how well your marketing campaigns are doing is vital to the survival of an affiliate marketer. Without the proper information on where campaigns are succeeding or failing, it will be impossible to know where adjustments need to be made. This is true all year round, but is especially poignant during the holiday season, as the smallest error can be extremely costly.
According to Steven Leung,
“Estimating unique visitors is today’s most popular measurement of a site’s popularity and success. And marketers can easily use this metric to measure the popularity of their campaigns.”
With this in mind, it is important for affiliates to establish metrics for campaigns that can give them important data on success and failures. This will lead to common goals for all campaigns, which is the Conversion Ratio. Goals for Conversion Ratios will be different for everyone, depending on the product being marketed, but knowing what percentage of your visitors are actually converting into sales will show affiliates where to adjust their campaigns to help them reach their goals.
Share Results’ software is equipped with reports that can track impressions, clicks, and conversion rates to measure every aspect of a campaign. Affiliates can also take advantage of Share Results tools such as the ACID feature which the affiliate can use to track the performance of any keyword for their campaign.
If a site isn’t getting many page views, then affiliates will want to explore ways of generating traffic. Similarly, if a site is getting a lot of visitors, but few clicks, then looking into a change in creatives would be worthwhile.
Email affiliates have to measure how often their emails are being viewed, how often their links are being clicked and then how many people actually purchased based on those emails. Measuring Deliverability, Open Rate, and Click Through rates will help to measure if you are reaching your target audience and where to make changes, if necessary.
Being armed with the right statistics is the key to successful campaigns. Lord Kelvin said that,
“If you cannot measure it, you cannot improve it.”
Knowing where campaigns need work, will help affiliate marketers to adjust their campaigns to become more successful in the future.
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