Decentralized Affiliate System Before you launch out, you should first learn about best practices and tips that you’ll need to perfectly execute your affiliate marketing campaign. Let’s go over what affiliate marketing is and some of the key benefits that come from adopting it as a strategy. Similar to other industries that blockchain is enhancing, decentraized affiliate system is generally dependable on third-party providers, that is, affiliate networks. Doing what it does best, blockchain aims to eradicate third-party providers by employing vicious blockchain affiliate networks which will streamline the affiliate process and put an end to unreasonably high fees. Some of the major benefits of the Blockchain technology to decentralized affiliate system are outlined below:
Decentralized Affiliate System
Decentralized Affiliate System
Decentralized Affiliate System
Decentralized Affiliate System
Decentralized Affiliate System
Blockchain affiliate networks generating merchant and advertiser-centric ecosystem
Affiliate marketing is, believe it or not, yet another sector which found its way to incorporate blockchain facets. Statistically, more than 80% of modern-day online-based companies utilize affiliate marketing to a certain degree; however it constitutes only to 5% of the overall digital marketing expenses. Why? So let’s find out!
Decentralized Affiliate marketing allows companies to effectively market a product with a low budget, low effort and time, and at a well-contained risk level while guaranteeing a high return on your investment, increase in brand awareness, and business growth.
Of course, some things sounds too good to be true, but in this case the benefits are a consequence of marketing that is highly targeted and effective. Businesses are able to identify a target market and select the perfect set of representatives that’ll suit the brand—this is exactly what affiliate marketing does.
Before you launch out, you should first learn about best practices and tips that you’ll need to perfectly execute your affiliate marketing campaign. Let’s go over what affiliate marketing is and some of the key benefits that come from adopting it as a strategy.
Similar to other industries that blockchain is enhancing, decentraized affiliate system is generally dependable on third-party providers, that is, affiliate networks. Doing what it does best, blockchain aims to eradicate third-party providers by employing vicious blockchain affiliate networks which will streamline the affiliate process and put an end to unreasonably high fees.
Some of the major benefits of the Blockchain technology to decentralized affiliate system are outlined below:
Better transparency
Trust issues, fraud, disputes, and cookie spamming are some of the challenges bedeviling the affiliate marketing industry. These challenges can be overcome with the introduction of Blockchain technology.
By replacing the Pay Per Click model and storing transaction records on Smart Contracts on Blockchain, the affiliate marketing industry can solve these problems and boost transparency while reducing fraud.
Prompt payment
With Blockchain, the days of delayed and disputed payments are over. The technology will issue commission payments automatically. Thanks to the transaction transparency the technology supports, there won’t be room for disputed commissions and payments.
Through Smart Contract, payment can be made in real-time and according to payment schedule and conditions. Once the conditions are met, you will be paid promptly.
Improved protection of user data
Blockchain technology’s incorporation into the affiliate business will guarantee better protection of user data. Since DeFinance users aren’t connected and can’t be affected by hacking, further establishing the platform’s safety of use.
As a secure technology, Blockchain will undo some of the damages that have already been done to the affiliate system.
Benefits of Affiliate marketing on Your Business
Why are companies spending so much on affiliate marketing campaigns? Below are some of the benefits of using affiliate marketers in your business
Low cost of start-up
An affiliate program does not require that you have an advertising team for ad visuals or purchase ad space.
Rather than that, you’ll have to depend on your affiliates to come up with their marketing content. Other than the initial effort of selecting and vetting affiliates, there’s little effort required from you to market your products, which is one of the reasons it’s become such a popular method of marketing.
Once a company is comfortable working with an affiliate and has built a good relationship, they can for the most part let them get on with marketing your service or product.
Low ongoing costs
Since most of your marketing activities are done by affiliates, they’ll also bear the chunk of the cost attached. And since it’s a commission-based program, it means that you’ll only pay affiliates from sales they bring in.
This marketing model makes cost easy to manage and does not interrupt your cash flow, unlike other marketing models such as PPC advertising that requires you to pay for every click leading to your website. But affiliate marketing ensures that you only part ways with your money when sales are made.
Targeted Traffic
Since the affiliates are handpicked by you, it can ensure that the traffic that comes to your site is from individuals that find your product or service useful. This is because affiliates that resonate with your brand will most likely have individuals with their area of influence that’ll find your brand useful.
High ROI
Having the keys to product innovation and effective management skills doesn’t guarantee a high ROI; you’ll also need to get your marketing right.
Affiliate marketing has been proven to have a much higher return on investment than the majority of marketing strategies.
Low risk
Lost cost means low risk. There’s little risk of loss since payments are only made when there’s an actual conversion; perfect for businesses on a tight budget.
Flexibility
You can easily make your affiliate program smaller or bigger at little or no cost. It also offers you a great way to scale up your business without breaking the bank.