Secrets to Affiliate Millionaires - 4 Steps for Monitoring & Tracking Affiliate Marketing Strategies
By: zMillionDollars
For affiliate marketing entrepreneurs, there are many affiliate marketing strategies to drive traffic and boost commission on the internet. However, those strategies will be useless if you can not monitor, track, analyse and evaluate which strategies are perfectly suitable for your home based affiliate marketing business. In this article, you will get basically better understand how to monitor, track and evaluate your own affiliate marketing business. There are steps you must clarify when you are monitoring, tracking and evaluating.
1. You have to identify a number of visitors you are converting to customers. This step indicates the conversion rate for your affiliate marketing strategies in the business. You should identify how many visitors you are turning to customers. Also, you should know which affiliate marketing strategies are the powerful approaches to convert highly visitors into customers.
Many studies reveal that the conversion rate can be calculated as follows: "Conversion Rate = (A number of sales/A number of visitors)*100"
2. You have to monitor and track how many visitors are joining your online newsletter or e-course. The next step for monitoring and tracking is to monitor how many visitors are interested in and sign up your opt-in list respectively. With this result, you will get better understand of how your newsletter or e-course online work for you. In other words, you will know how attractive of your newsletter or e-course is.
Many researches reveal that this criteria factor can be computed as follows:"Subscriber Attractive Rate = (A number of subscribers/A number of visitors)*100"
3. You have to analyse further about your subscribers. In this step, you should monitor and track how many your subscribers are turning to buyers. With a result, you will get better understand about how effective of your newsletter or online e-course is.
The conversion rate for your subscribers can be found as follows:"Subscriber Conversion Rate = (A number of customers/A number of subscribers)*100"
4. You should calculate how many revenue you are earning per visitors. In the last basic step, you should determine how many profits you are making from each visitor. With a result, you will know how much you can spend to acquire a new potential customer while you are still earning profits.
The revenue per visitor can be calculated as follows:"Revenue per Visitor Rate = Total sales/A number of visitors"
Those steps will help you to determine the affiliate marketing strategies in order to maximize the revenue online. With those factors, you will get better understand how great your website, business and affiliate marketing strategies are.
Additionally, you should keep tracking on the sources of traffic for your website to determine the effective of your affiliate marketing strategies. You should know and be aware from where your traffic comes. With a result, you can determine which affiliate marketing strategies work well for you and your affiliate marketing business. You can optimize and put more effort and time into your strong affiliate marketing strategies.
Final thoughts, the above steps are the basic steps you must know and take into your action seriously in your affiliate marketing business. With those steps, it will help you determine how effective of your affiliate marketing strategies and your affiliate business is. Actually, it is a great idea that you should analyse and evaluate further, apart from those basic steps. For example, you should keep your eyes on which areas your customers are moving most of the time through your website, and how much acquiring new customers cost you. Obviously, monitoring, tracking, analysing and evaluating those elements become major roles of your success in the future.
Article Source: http://www.superfeature.com
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