Affiliate Marketing is one of the most powerful ways to grow your business — but setting up a successful program takes more than just finding affiliates. It requires a strong tech stack, reliable tracking, strategic planning, and experienced management. In this article, we’ll break down what it takes to build and scale an affiliate program, and how PSMTrack helps companies get there faster and more efficiently.
Want help launching your own program? Explore our affiliate program consulting services.
Creating a successful affiliate program involves a combination of technology, staffing, and strategic planning. Here’s a breakdown of what’s required:
Technology
The foundation of any affiliate program is the technology that tracks performance and payouts. Businesses need reliable affiliate tracking software, a customer relationship management (CRM) system, and accurate billing tied into the platform. These tools ensure that affiliates are properly attributed or credited for their referrals and paid promptly. Additionally, your product, service, or app must have the technology in place to communicate with the tracking platform and to receive then store, and pass information. For mobile apps, a Mobile Measurement Partner (MMP) or alternative attribution solution must also be utilized to properly attribute installs/deeper-level events to the appropriate affiliate.
Learn more about tracking solutions and attribution platforms.
Experienced Staff
Successfully running an affiliate program requires more than just a manager. It involves a team of experts, including affiliate managers to recruit and handle day-to-day communication with affiliate partners, an adequate developer to ensure your database structure is able to handle affiliate traffic, legal advisors to ensure compliance with affiliate agreements, accounting team members, a fraud prevention team and more!
Sales and Networking
While anybody can start a program from scratch, it can take a significant amount of time to build new relationships, onboard clients, and evolve your program into a competitive, successful one. Having relevant industry contacts and being able to move quickly is imperative to a successful campaign.
Compliance and Legal
In addition to any affiliate agreements, monetization partner agreements, and other legal agreements that are often entered into when conducting affiliate marketing, compliance with all laws, rules and regulations is imperative for the success of an affiliate program. Understanding the landscape that you are or will be operating in can be difficult without experience, and missing details or uninentionally violating local, state, or nation-wide regulations means potential legal liability. It's important to properly set up your business and program with compliance in mind as to avoid any unforeseen issues that can cause real harm to your business and affiliate program.
Marketing Budget
In theory, an affiliate program can seem relatively simple to set up. But it can be quite complex, and cost lots of money both to get your infrastructure in place, as well as to test different traffic sources. Although affiliate marketing provides a low barrier of entry and can help you grow your sales or user acquisition channels, it's imperative to have the funding and budget to honor your commitments and provide timely payments to your publisher network for outcomes generated to your product/service.
To ensure the success of your affiliate program, businesses should follow best practices in management and optimization.
Tracking and Performance Optimization
Successful affiliate programs rely on data. Tracking conversions, clicks, events and other metrics allows businesses to optimize performance, adjusting payout structures and affiliate strategies for maximum efficiency. Learn more about tracking and analytics platforms by reviewing our affiliate tracking solutions article.
Recruitment and Onboarding
Recruiting the right affiliates is key. A combination of targeted outreach and carefully vetting inbound affiliates helps ensure affiliates are engaged and motivated to promote your product.
Payout Structures
The commission models you choose play a significant role in keeping affiliates engaged. Options include CPA, CPI, CPE, CPL, CPS, CPM, and more. Keeping your affiliate program these structures competitive helps retain top-performing affiliates. Learn more affiliate marketing pricing models.
While some businesses may attempt to create and manage affiliate programs on their own, there are significant advantages to working with an experienced affiliate marketing firm:
Cost-Saving Strategies
Avoid common mistakes and scale smarter with guidance from industry veterans.
Access to Expertise
From recruitment and compliance to setup and optimization, our team handles it all.
Custom Solutions for Any Business Model
No cookie-cutter setups. We build programs that align with your goals, vertical, and budget.
Learn more about why brands choose PSMTrack.
Creating and managing an affiliate program can be complex, but with the right tools, strategies, and expert guidance, businesses can unlock significant growth opportunities. Centralizing your affiliate efforts and working with an experienced team like PSMTrack can save time, reduce costs, and lead to better results. If your business is looking to launch or optimize its affiliate program, consider reaching out for expert affiliate program consulting.