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How to Find Winning Banners For ‘Get Rich Quick’ Affiliate Campaigns
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Banners Broker Are Paying Out!
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The Affiliate Apprentice: Should You Hire One?

How to Find Winning Banners For ‘Get Rich Quick’ Affiliate Campaigns

There are four types of banners:

  1. Clickers
  2. Converters
  3. Winners
  4. Duds

A winning banner draws both clicks and conversions, a dud attracts neither.

It’s rare to find a winning banner on Day 1.

A much more likely scenario is you will attract a healthy mix of clickers, converters and duds. Incredibly, some affiliates can’t tell them apart.

There seems to be a misconception in our industry that optimising = finding banners with the highest clickthrough rate (CTR). Time and time again I see affiliates walloping themselves in the balls with this flawed strategy.

It is a stroke of lunacy to cull ads and landing pages based solely on their CTRs.

Do you want a large audience or an audience that converts?

The only variable that matters is the conversion rate, and your entire testing strategy must be built around this principle.

Before you can rely on conversions, they need to be observable. Fully observable. You can’t make decisions if you don’t have the right data.

How to Track Banner Performance

Let’s assume we’re running ads on TrafficJunky, using CPVLab to track.

Here’s how you track individual banner performance.

Load up CPVLab, add TrafficJunky as a new network like this:

TrafficJunky Tokens

Next, setup your campaign as you normally would, but choose the source you just defined.

TrafficJunky CPVLab

You’ll notice the new URL Append Token. This is reflected in your tracking link, which will look like this:

http://YOURTRACKING.COM/base.php?c=149&key=763b5088462f1229279f9247&keyword=EDIT

To track the performance of an individual ad, simply edit the URL for each banner:

Tracking tokens on TJ

http://YOURTRACKING.COM/base.php?c=149&key=763…&keyword=ad1
http://YOURTRACKING.COM/base.php?c=149&key=763…&keyword=ad2
http://YOURTRACKING.COM/base.php?c=149&key=763…&keyword=ad3

And so on…

When you start receiving traffic, you’ll be able to track the conversion rate of every single banner. Not just the clicks.

Tracking CPVLab

It’s very early doors in this campaign, but already you can see one banner is producing almost half the conversions on 1/9th of the spend.

This creative is also drawing the most banner clicks (60 vs the lowest performer with 30). A perfect storm for any affiliate. We love it when the banner with the highest conversion rate also delivers the highest CTR.

But it doesn’t happen very often.

So, here’s what you do when your top converting banner is drawing a low CTR:

Original Top CTR Banner:

Anonymous Wilma

Original Top Converting Banner:

Top converting banner

We want to keep the appeal of the converting ad, while using the aesthetics of the ad that gets the most clicks. So we play a game of Mix n Match:

New Banner, to take over the web:

Winning bunny

I use the call-to-action from the high CTR banner as this is unlikely to affect conversions, but can affect clicks.

Sometimes Mix n Matching will work, other times it will flop.

But unless you know exactly what converts, you are testing blind.

From my experience, a banner that draws plenty of clicks but fails to convert is often guilty of selling an appeal that isn’t reflected in the landing page (or the offer).

A banner that converts well on a small trickle of clicks has solid foundations, but needs to be presented better or or targeted more effectively.

Note: If you find a angle that converts like hot-doggy-on-sauce on only a small number of clicks — but no image or colour scheme will increase its CTR — try isolating the audience. Establish what type of users you’re appealing to, then work out where they can be found in concentrated numbers.

If you are optimising your landing pages, but not your banners, you are leaving money on the table. No affiliate can afford to make this mistake.

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Banners Broker Are Paying Out!

Shiver me timbers.

You heard it through this guy first.

EDIT: VIDEO NOW PRIVATE

Richard Arblaster, take a bow.

This is by far the creepiest shit I have seen in all my years of affiliate marketing.

Edit: Evidently Richard wasn’t as keen on recruiting affiliates as he originally made out. He’s set the monstrosity to private.

For what it’s worth, BannersBroker is not paying out. BannersBroker is broke.

The Affiliate Apprentice: Should You Hire One?

Affiliate Apprentice

Every now and then I receive an email from a frazzled affiliate with bloodshot eyes and questions like the extract below. I’m going to answer it here for the benefit of anybody suffering similar growing pains.

“Hi Finch. I’ve been running affiliate campaigns on FB/POF for over 18 months now and I’ve made good progress in the dating niche. I still feel like there are opportunities passing me by for a lack of resources/time/etc. There are so many traffic sources I want to try and so many offers, but I’m maxed out and finding it difficult to grow the business. It feels like scaling means sacrificing profitability. Do you have any experience of hiring an apprentice to help with expanding your campaigns? Or even to help organize the management side? If so, how do you keep them loyal instead of running their own offers?”

What you are referring to sounds like the classic affiliate marketing plateau.

Most arbitrage affiliates will be familiar with the point of diminishing returns where their overall ROI starts to suffer from spreading efforts too thin. Maybe you’ve neglected the creatives in Campaign X, or saturated every last eyeball in Demographic Y. By attacking too many markets, or too many traffic sources, you can quickly find yourself working extremely hard to make very little progress.

Instead of looking to hire an assistant, your first step should be to analyse the systems you currently have in place.

We all know it’s important to track campaigns using software like CPVLab or Tracking202. You don’t make money if you don’t see where you’re losing it first. But just as crucially, you need to have a system in place that adds meaning and structure to your tracking.

For me, this starts with a good labelling system.

If I’m running multiple campaigns across Facebook, Plentyoffish, Juicy Ads, TrafficJunky and so on, each broken in to multiple countries and demographics, the first thing I want is a way to distinguish overall performance without going in and viewing every last campaign’s stats from the day before.

If you label your campaigns poorly, the CPVLab dashboard is going to resemble a clusterfuck of insignificance. Sure, you’ve got the data on your doorstep. But if you can’t remember the difference between POF DATING CANADA, FB CANADIANS, and CAN MEN 35+, how are you going to make fast, efficient decisions that enable you to manage multiple campaigns?

Most affiliates are happy to track individual campaign performance. Yep, of course they are. They know the importance of data. But tracking data is one thing, managing it is another. You must have a good consistent labelling system to avoid getting your titties in a twist. And more importantly, so that you are motivated to actually use the data.

What’s the point in having CPVLab or Tracking202 if you can’t use them to get a meaningful status update in the morning? You want an overview presented on a plate; one that makes sense to you.

To stay organized, I like to group my campaigns by traffic source in CPVLab. I will then label using this system:

[Country] [Gender] [Age Bracket] [Keyword] [Optional Identifier]

For example, I might have a list of campaigns like this:

  • FR-M-3045-SingleParents
  • UK-F-2530-BlackDating
  • UK-F-2530-BlackDating-002
  • US-M-4050-GolfDemo

For traffic sources like Juicy Ads, I’m likely to have multiple campaigns for a single placement (based on a country redirect). For these placements, I use:

[Placement] [Country] [SubID] [Optional Identifier]

  • SiteX-DE-SX1
  • SiteX-AT-SX1
  • AnotherSite-US-AS1
  • ThirdSite-IE-TS1

Note: The SubID will also be passed to the networks I work with. That way if I have lead quality issues and I’m running multiple campaigns in the same country, I can distinguish which placement is sending the bad apples. Doesn’t really matter how you track this, just as long as you do.

Now, admittedly, there are more effective ways of labelling. And you can track on a much deeper level if you so wish. But this is the system that I’m happy with. If you are not confident with your ability to oversee multiple campaigns, you will run in to the affiliate plateau. Or to put it simply, you will start launching grenades.

So, step 1 for scaling effectively: get organised. Don’t just track data. Create a system that gives you confidence in it.

The subject of when (or even if) you should hire an assistant is a tricky one.

There are generally three schools of thought:

A. Give a man a campaign and you pay his bills for a month. Teach him how to run them and he’s got his face wedged in strip club titty by Friday night. And he probably doesn’t work for you by Monday. Loyalty, what loyalty?

B. Choose the right personality with the right drive, ambition and skill set. You could have an apprentice today and a business partner tomorrow.

C. Give design work to designers. Give programming work to programmers. Delegate the grunt work; focus your own time on the high value decision making. Keep the core of the business to yourself.

I am generally quite cynical of School B, but that’s only because I’ve yet to find the right ‘apprentice’ to turn in to a business partner. I much prefer the thinking behind School C, and it can be summed up with one classic quote:

“First, make yourself a reputation for being a creative genius. Second, surround yourself with partners who are better than you. Third, leave them to go get on with it.”
David Ogilvy

Ask yourself, what is the single most lucrative skill that an affiliate marketer can possess?

In my opinion, it’s his ability to weigh up opportunity (niches, offers, new cheap traffic sources) with reality (past performance of campaigns, basic maths) and then move quickly to strike while the iron is hot. We are not designers, programmers, or copywriters. Our money is made by plugging market loopholes.

This is something that requires a lot of time spent watching and waiting for opportunity.

My view is that you can’t pay enough attention to your primary job requirement if you are balls deep in CSS and HTML.

Our efforts should be focused on managing campaigns and finding new ones. The production work – the copywriting, banner design and etc – should be first on the chopping board when we run in to the plateau and scaling becomes a problem. Why? Because we can hire somebody to do that, but we can’t hire somebody to think like an affiliate.

Of course, for every step you take away from the grunt work, your ability to manage effectively has to grow exponentially. There’s no point in taking on top class designers if you fail to communicate with them, or fail to budget for them. There’s no point in trying to scale campaigns if the ones you already have are slapped across your tracking dashboard in a state that is nigh on impossible to manage.

Does that mean you shouldn’t take on a ‘Number Two’ as your apprentice? …Ever?

It’s a personal decision, but if I could give you one piece of advice, it would be to avoid individuals who offer to work for you because they like the sound of your career and want to ‘get involved’.

Note: ‘Get involved’ is a popular London turn of phrase that translates to “Join the party”. It betrays the intentions of those who think affiliate marketing is their one-way ticket to the Caribbean. Always think twice about partnering up with those who see your career as a piss-up in pyjamas.

I have taken on apprentices in the past who have made all the right noises about wanting to learn the ropes and get to grips with affiliate marketing. But when push came to shove, they would much rather ‘shadow’ my own campaigns than pick up the ball and create their own.

So, how do you define a good candidate for The Affiliate Apprentice?

Very few people graduate from university with a degree in affiliate marketing (and I can imagine those that do know the price of everything and the value of nothing). The best way to describe our skill set is as chameleons floating in cyberspace. We adjust to our surroundings and seize opportunities using a small but varied set of talents.

Should an apprentice be good at HTML and CSS? Should she be a modern day Peggy Olson copywriting whiz? What about somebody with experience in the industries we cling to?

It’s difficult to nail down a job description for an affiliate without matching it to several individuals you already know who would be absolutely terrible at the job. And that’s why I don’t even try.

Most successful relationships, business or otherwise, benefit from opposite forces holding them together. A little yin and yang goes a long way. I believe in those same principles for a business partnership.

If you are looking for a carbon copy of yourself, put a mirror in your office and work longer hours.

But if you want to bring an apprentice through the ranks, find one with a skill set and the personality to eventually become a valued compatible business partner – NOT a replacement for yourself. This is more likely to keep your egos apart.

Of course, remember: the only person who fully gives a shit about your business is you. Especially in an industry as soulless as affiliate marketing.

Don’t hire an apprentice to be your pawn. He’ll have no hesitation in taking your best ideas and playing you for a fool.

It’s a well known fact that affiliates don’t have many great ideas (just read this blog for confirmation). The ones we do have should be valued highly… and not found in a training manual circulating oDesk.

Happy hiring.

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