If you run an online business, affiliate software solutions may be just what you need to scale up your operations. According to Demand Sage, four out of five, or 80%, of brands have an affiliate program. By automating repetitive tasks and centralizing data, affiliate software takes a load off your plate so you can focus on big-picture growth. Here are three key ways these solutions can help streamline your business.
Track Sales and Commissions in One Place
Manually tracking affiliate sales and commissions across multiple channels is extremely tedious. It also leaves ample room for error. Affiliate software solutions consolidate all that data, giving you a bird’s eye view of performance. Rather than gathering intel from several accounts and spreadsheets, you simply log into your platform. There, you can instantly see which affiliates generate the most conversions. You also get an accurate record of the commissions you owe. This eliminates so much manual work and reduces the likelihood you’ll misattribute a sale.
Automate Affiliate Recruitment
Recruiting and onboarding affiliates is another extremely time-consuming process when done manually. However, automated tools are game-changers. Affiliate software solutions often come loaded with pre-written recruitment emails and onboarding sequences. All you need to do is plug in affiliates’ email addresses. The system then sends scheduled messages on your behalf, nurturing leads through signup. This allows you to spend minimal time recruiting while building a powerful affiliate army.
Optimize Affiliate Payouts
Determining optimal payout structures is tricky. Pay too little, and affiliates lose motivation to promote you. Pay too much, and your ROI diminishes. Again, software helps simplify things through progressive testing and reporting. You set benchmark commission rates, and the software tracks conversion performance at each level. Reports then clearly illustrate which payout rates incentivize affiliates to convert. This takes the guesswork out of determining that sweet spot that works for both parties.
It’s clear that affiliate software solutions can be powerful catalysts for growth. By streamlining repetitive tasks and revealing optimization insights, they give you back precious bandwidth to steer your business to the next level. If you haven’t integrated such a platform, be sure to explore providers that offer robust features tailored specifically to your vertical. Armed with the right solution, you’ll be equipped to handle double or even triple your current workload. If you’re looking to find the right affiliate software solutions for you, let TavaHatz help. Reach out to us today.