Perhaps one of the most important differences between a winning campaign and a losing campaign is how closely you watch your statistics!
One of the most common mistakes with affiliates is that they fail to monitor statistics due to sheer laziness. I know because I've been there and struggle to not be there each day. Did you know that there are just some keywords that will convert sooooo poorly that it could cause a campaign to be unprofitable when in reality, turning just that single word off would result in a net profit?
It is quite a task having to go through and track all your statistics but it's worth it. I've found certain groups of keywords that just didnt work well. They got a lot of clicks but almost never converted. Turning those off boosts my profit up and allows ... you guessed it, an increase in bids which allows for an increase in... traffic.
A WORD OF CAUTION: Keyword tracking is almost always done through SUB ID's (at least for me). These sub id's can be viewed by your AM (who work on commission). I've actually had affiliate managers (not saying what network) tell me... if you're going to run this offer, you may want to look into X keywords. I simply smiled and said ok while suppressing my rage! She (or He) just shared secret information about converting keywords for another affiliate which I could (I didnt) go in and dominate on. These type of things are great for the person recieving the information but those who work hard to find creative keywords get screwed. Therefore my word of caution is to ENCRYPT your keywords if you do any sort of keyword tracking. I dont care how small the campaign.
How do you encrypt your keyword data? Well... It's complicated. And tracking them back to the original keyword is a daunting task. That's why I've decided to create software to automate the process a bit.
This software is going to:
- Give you the code to encrypt your keywords in a nice subid format.
- Allow you to download your daily (weekly, or whatever) reports (from your affiliate network) and upload them to the system.
- Analyse your keywords and unencrypt / pair your encrypted keywords.
- Find the conversion ratio of each and every keyword
- Allow you to input your current search marketing information to see what an optimal bid would be for well converting keywords allowing you to get more traffic to keywords that are doing well!
- Suggest which keywords you disable based on your search marketing information
The software is a work in progress right now but I think it will be beneficial to any affiliate marketer. I probably wont give it away but I'll sell it for cheap.
Anywho, tell me what you think about the software?
Thanks,
Jonathan
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Marc says 4th October @ 22:22
mhhh, sounds very good to me I only wish I could code anything lol =) I already had a lot $1K days
(btw. gratz to yours) but with such a software I would have a lot more (or even higher) I guess and I could do optimize my campaigns a lot better.
So what I think? How much is the cost when I buy it off your…