Mastering Incrementality: Measuring the Effectiveness of Your Affiliate Program
May 2, 2024
About The Chat
In the dynamic world of marketing, one pressing question often looms over affiliate campaigns: Are they truly making a difference? With an abundance of data at our fingertips, deciphering which affiliate partners drive genuine incremental revenue can pose a significant challenge. Join us for an illuminating webinar led by PartnerCentric Founder & CEO Stephanie Harris and VP of Product & Innovation, Tom Rathbone, where we'll delve into the intricacies of determining the true impact of your affiliate marketing initiatives. Gain invaluable insights into identifying the partners and partner categories (such as content, BNPL, loyalty, coupon, technology, mobile, and media buyers) that drive tangible and incremental value-add to your bottom line.
Deciphering Incrementality
Learn how to define and measure incrementality tailored specifically to your affiliate program. Understand the nuances of what truly constitutes incremental value in your marketing efforts.
Strategic KPIs
Explore the essential Key Performance Indicators (KPIs) to consider when evaluating the incremental contributions of your affiliate partners. Discover how to effectively gauge the incremental rates of your partners to optimize your campaign strategies.
Real-Life Success Stories
Gain inspiration from real-life examples of companies that have successfully implemented strategies to measure incrementality. Learn how these businesses have leveraged data-driven insights to enhance results and drive growth in their affiliate programs.
Meet The Expert
Meet The Experts
Fireside Chat Highlights
Enriching Affiliate Marketing Through Incremental Analysis
In an engaged and enlightening fireside chat session, Laurie Cutts, handling the role of head of agency partnerships at Everflow, sat down with Stephanie Harris, an entrepreneurial powerhouse who holds the position of CEO at PartnerCentric, and Tom Rathbone, who serves as VP of Product and Innovation at PartnerCentric. This dynamic trio passionately delved into illuminating strategies that define and diligently measure incremental actions that stimulate revenue growth in the realm of affiliate marketing.
Laurie Cutts emphasized the necessity of a perpetually robust incremental analyses that does not solely focus on specific moments, but instead offers a more consistent and comprehensive view of operations. A highlight of the discussion pertained to the development of ‘incremental scores’, which Cutts suggests is based on granular, precise metrics, thereby placing a newfound importance on early funnel partners within the value chain.
The conversation turned towards different attribution models found in affiliate marketing, such as the last-click and multi-touch models. Both Cutts and Harris stressed upon the importance of regular analysis of partner and category value. To add to this, Tom Rathbone pointed out the significance of incorporating the incremental perspective in both partner recruitment and commissioning strategies, brewing a fusion of innovation and diligence.
Their data-enriched argument finds solid ground as they elaborate on their proprietary tool, "F-connect," instrumental in the efficient handling of partners and capitalizing on relevant data for making pragmatic decisions. This fireside chat served as a reminder that affiliate marketing is not bereft of challenges, specifically in areas of measuring incremental performance. To tackle these concerns, the experienced speakers suggested solutions like automation and the use of specialized tools, such as Google Analytics 4 and Everflow.
The crux of the discussion revolved around the ongoing relevance and importance of taking a consistent multivariate approach to affiliate marketing. This approach, they contend, aids in scalability while ensuring comprehensive data measurement. The trio concluded by detailing case studies showcasing the success of their meticulous, incremental data-driven approach, reinforcing the fact that the industry requires evolving practices and a willingness to adapt to meet changing demands.
To summarize, Laurie Cutts, Stephanie Harris, and Tom Rathbone were able to articulate a comprehensive understanding of the merge of creativity, data-driven insights, and functionality in the realm of affiliate marketing, evidencing the integrated approach to PartnerCentric and Everflow’s modus operandi. This fireside chat undeniably promises that the future of affiliate marketing is ripe with disruptive potential and room for innovative growth.
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Start tracking every partnership and channel, analyze what delivers revenue and engagement, and consolidate your growth efforts.
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