AvantMetrics (AM) is an advanced analytics platform that provides additional insights/reporting to better understand customer behavior, affiliate value, attribution, and new customer acquisition. Business rules like attribution modeling and commissioning can then be created based on data analysis.
Attribution modeling is a complicated process that requires a thorough understanding of client-specific customer behavior, affiliate business models, and cross channel marketing.
Clickstream AnalysisUsing AM reports we can drill into every sale (not just affiliate) to better understand the customer’s path to purchase. Based on analysis of this data, we can create an attribution model that awards higher commissions to affiliates that introduce or influence sales. Affiliates that appear at the end of the conversion funnel may only receive a fraction of the base commission.
New Customer TrackingClients that can identify new customers through their ecommerce platform can add a Yes/No variable, which can be passed through the AvantMetrics script. If the brand chooses, a new customer bonus for affiliates can be implemented. Understanding new customer acquisition helps our clients better understand lifetime value and develop customer loyalty programs.
Attribution ModelingNot every affiliate sale deserves the same commission. Clients that place higher value on affiliate sales at the top of the conversion funnel can assign 100% of their base commission to “Introducer”‘ and “Influencer” sales. Affiliate sales referred at the end of the conversion funnel (once an item has been added to the shopping cart) can be assigned a lower percentage of the base commission rate.
Split AttributionWhen multiple affiliates are involved in a clickstream, AM allows the brand/retailer to allocate a percentage of the base commission to both affiliates, depending on where they show up in the clickstream. A typical split attribution commission may assign 70% of the commission to the Introducer or Influencer, and 30% of the commission to the Checkout Influencer.
Deduplication of Multi Network SalesFor clients that run affiliate programs in several networks, there are instances when an affiliate from Network A and an affiliate from Network B can both receive credit for a single transaction. If gone unnoticed, the brand/retailer may be paying a double commission. AM can deduplicate affiliate sales by network based on the order ID.
Exclusive CouponsIf your brand uses coupons, you’ve likely noticed how they can spread online. In cases where the coupon was intended to be exclusive to a single partner, it’s very frustrating and costly to see it on multiple sites. Using the AM script, you can pass a “ECC” variable with the coupon code used at checkout. You can then assign a code as exclusive, where any redemption of the code is credited to the affiliate associated with the exclusive code.
GETTING STARTEDClique Affiliate Marketing clients ready for AM can use this as a standalone product, or in conjunction with AvantLink. For client’s exclusive to AvantLink, AM is free to use, but does require an addendum to their existing contract.
Once AM reporting has been configured and activated in your account, there is a 30-day period required to gather data prior to setting attribution rules. Clique will then provide a recommendation on an attribution model. If both parties agree, these rules will be configured with the AvantLink Support team.
Clique will then add your desired attribution analytics to a custom monthly report.
AM is an add-on service provided by Clique Affiliate Marketing. There is a considerable amount of time spent on the set up, data mining, reporting and ongoing management outside of the day-to-day affiliate marketing services we provide. If you’d like to get started, please contact us today Connect With Us