processes for building profitable affiliate websites
DESCRIPTION
This session will explain how to navigate from a website concept to a live and profitable business earning revenue from affiliate offers. Experience level: Intermediate, Advanced Target audience: Affiliates/Publishers Niche/vertical: Site Building Ryan Wilson, SVP, Intela (Twitter @aremdubya)TRANSCRIPT
Affiliate Summit East 2010
Processes for Building Profitable Affiliate Websites
How to navigate from a website concept toa live and profitable business earning revenue from affiliateoffers.
Ryan WilsonSVP, Intela
Colorado – Maroon Bells (14,156’ above Sea Level)
Accept that most of our good ideas will FAIL, those failures are a normal part of the process, and by acceptance of our failures as part of the process we increase our chances for success
X Failures (87% of total):• My Financial Plus, Holiday Prize Draw, Plant it Forward, Collateral Exchange, Sex Tips, Solar
Charge Me, Trip Rabbit, Shop Craftmatic, Try Collagen, Access Legal, Injury Claims Survey, Get Accident Advice, Lasik Today, Personal Injury Advice Online, Dream Holiday, Short Sale Agent, Today's Life Insurance, Debt Management Source, Pay Day Loan Source, Corner Stone Auto Warranty, Auto Warranty Pro, Edu-Gate, The Foreclosure Insider, Unsecured Loan Source, USA Remodeling, Get Dish Now, Your Fortune Predicted, U Spin the Bottle, Immediate Needs, Mortgage Loan Site, News Trivia, Spanish Holiday
Successes (13% of total):• UK Prizes• Aussie Prizes• Canadian Prizes• Je Joue Je Gagne• Juega Y Gana Premios
Mitigate Risk to Encourage Experimentation
Pre-Define Success Metrics
Iterate Through Ideas
Accelerate Failure
Pre-Define Success MetricsDefine why are you are building the website
• To build a marketing list• To generate a revenue
stream• To stabilize media buys
when ad spends change frequently across advertisers
• To provide value to and/or cross-sell an existing marketing base
• To build a unique offering for a publisher base
Competitive Analysis for your Verticals
• Understand exactly what you will have to pay for traffic • Target ECPM’s by traffic type (Search,
Email, Display, Social, etc.)• Understand exactly what you will have
to earn on the backend of your site in order to afford that traffic and necessary margin• Revenue Per User (RPU)• Landing Page Conversion Rates off
Clicks• Post Pixel Fire Conversion Rates off
Impressions
Iterate Through Ideas
Implement a prototype of the best idea as Quickly, Simply, and Cheaply as possible (emphasize
speed over perfection)
Test the site with live traffic and discretely track the earned revenue
back to your traffic sources.
Compare the actual metrics against your pre-defined success
metrics to determine the next course of action
Only after the site has shown potential to meet your metrics
should you implement enhancements
Brainstorm ideas
Accelerate Failure
Goal: Increase your ratio of successes over failures by learning from past mistakes and becoming more efficient at quickly recognizing failure
Recognize failure quickly, but don’t
condemn it
Learn from mistakes
Communicate those lessons
learned to entire team
Challenge:1. Come up with an idea for a website in a vertical that you have
experience with
2. Define what metrics that website would need to hit in order to be viable for you
3. Build a one page version of that website with advertisements to monetize the traffic
4. Set a small budget and buy one type of traffic to your site
5. Track and analyze your spend against your advertising revenue
6. Determine if you should revise the site and try again or cut your losses and try a new idea
Poll: Q&A for Processes for Building Profit...