Magento affiliate program: Best pratices for your ecommerce business

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U.S. affiliate marketing spends about $5B. This amount of money is twice the economy of Belize.

More than 80% of brands utilize affiliate marketing potential.

38% of marketers call affiliate marketing one of the top acquisition ways.

In most affiliate programs, 10% of affiliates generate 90% of affiliate revenue.

These information above are four significant facts as representative example to vote for establishing an affiliate program in Magento shop. In this article, we will discuss about how to create a successful Magento affiliate program for your ecommerce business. 

You may like: Affiliate marketing: The powerful way to increase the revenue for ecommerce sites

Grab the checklist of a successful Magento affiliate program:

E commerce Store Reputation – High

Every affiliate needs to know who s(he) deals with. The store’s reputation must be high to acquire more affiliates and engage them with a Magento affiliate program. The more potential Magento affiliates know about the online retailer, the higher chances for success are.

Commissions Earning Rules – Transparent And Clear

It would be perfect if any potential affiliate could view commissions paid and evaluate someone opportunities with your store Magento affiliate program. The more transparent your store is, the more affiliates you get.

Payment Terms And Conditions – Plain

Most affiliate programs issue payments once a month. Or after an affiliate earns some minimum amount. Anyway, potential participators should be informed of these terms and conditions BEFORE they join.

Statistics And Reports – Real-Time 24/7/365

Every e commerce Magento affiliate program should provide its participants with vital statistics. They should be able to view in real-time a bunch of data. But the most useful one are the following: impressions, clicks, CTR, sales.

Visualize the dynamic of these data through time and add valuable reports to your program. There are additional preferences, like whether an affiliate can track someone affiliates; how much time they remain in the system; whether this is one or two-tier program (two-tier is less attractive), etc.

MAGESOLUTION – a solution for Magento 2 Store

We aimed to develop the best eCommerce affiliate program on the market. To cope with this challenging task, our engineers studied best practices for affiliate eCommerce sites and combined them with our experience in eCommerce affiliate marketing.

Magesolution Magento 2 Affiliate program is a quite flexible and advanced solution able to provide your store with a perfect affiliate program.

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Our solution for an Magento affiliate program, has the most wanted features for customers and store managers.

View example below:

Clear Program Types & Commissions

Magesolution created a plain dashboard, where every participant can view the settings of the e commerce affiliate program:

  • Types of available e commerce partnership programs
  • Commissions paid
  • Minimum balance for withdrawals

This information is vital and easy to access at a glance!

Affiliate Dashboard.

Affiliate Dashboard.

Transparent Transactions History

It’s crucial to view all transactions in real-time. Affiliate extension allows tracking the following information:

  • Transaction date
  • Transaction revenue amount
  • Balance after any transaction
  • Transaction details (commission for the specific order or withdrawal)
  • Current account balance

Simple Magento Affiliate Program Settings

No complicated setups or settings! Magento 2 setup affiliate program takes only a few minutes. All your affiliate should do is just providing you the following simple information to start:

  • Referring affiliate eCommerce store
  • Payment method (PayPal or Stripe)
  • Email for payments (optional).

Copy & Paste: Easy Promotion Products Implementation

The only way of applying your store promotion products on an affiliate website is Copy & Paste!

There are the following ways to copy-paste for any affiliate:

  • An affiliate link
  • A referral widget
  • Banners

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Referral widget code

The Long And The Short Of It Right On The Backend Dashboard

Affiliate marketing for e commerce backend dashboard allows your store managers to view the most crucial information at a glance:

  • Active affiliates number (for the last 7 days)
  • Total affiliates number (thus, you may compare, new affiliates number for the last 7 days with the previous period)
  • Visits
  • Revenue
  • Commissions
  • The most active and valuable affiliates (TOP-5)
  • Latest activity

magento Affiliate program

Affiliate Backend Dashboard

Create Magento Affiliate Programs Fast And Easy

Affiliate solution allows you to create different program types fast and easy. Simply follow the step-by-step guide:

  1. Define the general information (program name, type, store view, etc.).
  2. Choose the commission type (percent of order amount or fixed amount) and set the commission amount.
  3. Done!

Variety Of Opportunities With Promo Products

An affiliate solution provides you with the ability to add promotional stuff easily. You are free to upload the unlimited number of:

  • Image banners
  • Text banners

Moreover, you can see the KPI’s of each banner right in the same line of the grid:

  • Clicks number
  • Impressions number

These short reports allow you to analyze the performance of each creative at a glance and remain active, only the most effective ones.

magento Affiliate Program

Affiliate Promotional Products backend

Related Topic:

RFQ (Request for quotation): How to create it effectively for development agency

SMTP (Simple Mail Transfer Protocol): The benefits and how to configure in Magento 2

SUMMARY

Creating a practical and attractive Magento affiliate program is quite a tender process. You should consider a lot of influences, like:

  • Comprehensible program type
  • Attractive commissions
  • Free participation
  • Available reports etc

But the only thing that matters is you should hear your potential affiliates, be flexible, and meet their needs! Magento affiliate program from Magesolution will help you successfully launch your first program complying with the highest affiliates standards.

Level up your website with ArrowHiTech – official partner of Magento

Our own Magento development support services is plus the option for monthly support packages. It is to make sure your online business always remains in top form. And of course, there are countless other developer websites that can be easily found and perused as well.

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ArrowHiTech Development Agency

Our Magento services:

Magento Consulting And E commerce Strategy

Magento Website Development

Magento Progressive Web Application Development

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