In search for the most effective approach to network sharing concept, we are considering referral and affiliate marketing.
Affiliate marketing has a similar structure to referral marketing as they both use incentives to drive new customer revenue.
The key difference is that affiliate marketing focuses on third-party brand advocates to send customers to your business for a flat fee. Where referral marketing is focused on rewarding current customers to invite their friends to try your product/service.`
Referral marketing is a method of promoting products or services to new customers through referrals, usually word of mouth. Such referrals often happen spontaneously but businesses can influence this through appropriate strategies.
Affiliate marketing is a great way to make money on the Web. You write the content that you typically write and then link to the products that you talked about. When one of your customers clicks on the link and buys the product, you get a small commision of the sale. Since affiliate program require facilitate your site and its content to really works, we leave that for later. Although, functionality of it will be available in a few months.
Referral program which is a much simpler method will help us to get started.
The member who generate the lead and ended up in sales, we refer as “Affiliate Member”
Commission structure for the Affiliate member:
Affiliate members make 20%.commission on average which is paid 30 days after their leads turned into a sale. We will try to specify the percentage on the most item on our catalog page.
Affiliates must present the exact amount of transaction and date of sale in an email. In the sales contract, the purchaser must provide affiliate member’s info, in order to justify the fairness in awarding the commission.
The provided by the
-We require a Credit Card authorization in order to process the return merchandise commission rewarded.
-Referral fee may be a subject for adjustments for the credit card chargebacks and refunds
-If a customer purchases products via your affiliate links, and then later returns the items, your affiliate account will be debited for the amount of the commission we initially paid you on that particular sale.
If a customer returns a product and refund a payment, then you can adjust the commission.
We provide a detailed reports for your affiliates it can look like:
-01/01/2016 comission 10USD
-05/01/2016 refund -10USD
Further, we have to Remind our member that all terms and conditions are subject to Change.