Topics
- Using data for insights
- Doubling conversion rates with affiliate tracking data
- The 80 20 rule
Video summary
In this video, the speaker discusses the importance of using data to gain insights into earnings. They share their strategy for doubling conversion rates using affiliate tracking data and a simple call to action. The speaker explains how the 80 20 rule applies and how tracking clicks by page can help identify the most profitable pages. They also introduce the concept of quick verdicts and provide tips for creating them. The speaker concludes by mentioning another video where they discuss how they bought and sold a website within 12 months.
Dig Deeper
Leveraging Affiliate Tracking Data to Maximize Earnings
In the world of affiliate marketing, data plays a crucial role in helping marketers optimize their campaigns and maximize their earnings. While data might seem boring, it can provide valuable insights that can potentially double conversion rates and significantly impact the affiliate marketing industry.
The 80/20 rule, also known as the Pareto Principle, states that 80 percent of revenue comes from 20 percent of actions. By utilizing affiliate tracking data effectively, marketers can focus on the actions that generate the most income and replicate their success across their websites.
Utilizing Click References/Sub-IDs
One effective way to track affiliate clicks and gather valuable data is by using click references or sub-IDs. By generating direct links with click ID reports, marketers can track clicks by page and even go as deep as four layers. For example, click ID1 can represent the page, ID2 can represent the program, ID3 can represent the type of call-to-action (CTA), and the fourth ID can provide a granular level of detail.
Tracking clicks by page allows marketers to identify which pages are converting best and are the most profitable. By focusing on these high-performing pages, marketers can double down on their best-performing CTAs and replicate their success throughout their websites.
The Rise of Quick Verdicts
Quick verdicts have emerged as a highly effective strategy for increasing conversion rates in affiliate marketing. Creating quick verdicts involves using tools such as GenerateBlocks and utilizing page builders or themes that allow for easy creation of these verdicts. A typical quick verdict includes a title, an image, a short write-up or verdict designed to convert, and a clear call-to-action (CTA) button.
Saving these quick verdicts as reusable blocks allows marketers to easily add them to each review or buyer's guide. Quick verdicts have been proven to convert like crazy and have significantly increased conversion rates for many marketers.
For those looking for even simpler ways to create quick verdicts, there are plugins available like Affiliate Table and Affiliate Booster. These plugins offer both free and premium versions and can greatly simplify the process of creating quick verdicts and boosting conversion rates.
Conclusion
Leveraging affiliate tracking data and incorporating quick verdicts into affiliate marketing strategies can have a significant impact on earnings. By analyzing data, focusing on high-performing pages, and utilizing effective CTAs, marketers can double their conversion rates and increase their revenue. The affiliate marketing industry is constantly evolving, and by staying informed about the latest strategies and tools, marketers can continue to thrive in this competitive landscape.
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