This Refersion review explores its unique features and different pricing structures. In addition to this, it will also cover users who are likely to benefit the most from using this platform.
For online business owners, it is difficult to ignore the power of affiliate marketing. Research shows a $ 6.8 billion increase in spending by US affiliates by 2020.
Sounds impressive, right? But what is affiliate marketing anyway?
Affiliate marketing is a performance-based marketing strategy. In other words, she hires people to bring her clients and only pays them when a conversion occurs. This gives your brand more exposure and opportunities to be in front of more people.
Additionally, there are four key players in affiliate marketing. They include the merchant, affiliate, customer, and platform.
The merchant is the brand that manufactures the products or services. They pay affiliates to promote their products and drive sales.
The affiliate is the marketer or publisher who earns a commission for each sale they make. They can sell tangible products or software. They can also encourage enrollment in an online course.
On the other hand, a customer is a buyer found on social media, product websites, blogs, or forums. They buy through the affiliate’s influence.
Then there is the affiliate platform that essentially links merchants and affiliates. In addition to helping them meet, these platforms automate processes. In addition, they track affiliate sales and manage aspects of affiliate marketing reports.
Let’s dive into our Refersion Review and see what it has to offer.
Review of the Refersión: What is the Refersión?
Refersion is an affiliate management solution that helps you increase sales. It offers affiliate registration forms and a place to design different types of offers. You can also calculate commissions and track affiliate sales by conversion.
Reflection Review: Key Features
Let’s start with what Refersion has to offer. Ready?
Refersion works on the concept of offers. Offers also act as a group of affiliates who belong to the same commission structure. After creating the offers, you start inviting the affiliates.
Each offer is linked to a unique registration page and there are two ways to share it. You can insert the form directly on your website. On the other hand, Refersion provides a unique sharing URL that you can email to an affiliate.
The affiliate will be able to log in to their control panel once they approve their request.
You can use different offers to segment affiliates in your Refersion panel. For this method, you need three key performance indicators (KPIs) for affiliate marketing.
These KPIs include effective earnings per click, average order value, and total revenue per member. These metrics offer a quick way to get a pulse on your performing affiliates to track their ROI.
The reference supports three types of commission structures. They include:
The Reflection also allows you to set cookie days at the offer level. Cookie days are the period of time during which the affiliate is credited with a commission once the customer to whom he has referred makes a purchase.
In the affiliate industry, 30 days is the usual period. However, with Refersion, you can choose between two days and two years.
Refersion has tracking capabilities for sales by coupon codes, email, and SKUs. These triggers are great for social media platforms.
Coupon codes are very useful for Instagram affiliates. They are unique to each affiliate, so an order will be credited to an affiliate when using the specific coupon code.
On the other hand, affiliates can send an email from a potential buyer. Once the customer makes a purchase, the affiliate is automatically credited. This works best with affiliates who have a regular customer network.
Finally, SKU is used when only certain products generate a commission for an affiliate. This works as royalty payments. The affiliate is credited every time someone buys a specific item.
Subsequent purchase channel
Your best product promoters are customers who already love your brand. Refersion makes it possible to turn your clients into micro-influencers.
The subsequent purchase channel turns customers into affiliates. After the purchase process, you can display a popup window to promote your affiliate program.
Once they click the Activate button, the client automatically becomes an affiliate. Refersion gets your name and email address for the order you just purchased. They can even start promoting their products without leaving the page.
Refersion Customers gain automatic access to the Refersion market. This is an open network of affiliates looking to collaborate with merchants. Getting your offer listed here is free and brands are listed by category. The Refersión market has more than 8000 affiliates.
To attract the best affiliates, make your offer and profile stand out. To do this, check their competition and the commission rate they offer.
Include your brand among affiliates on your offer page by showing them your core beliefs. For example, show how you make a positive impact in the world. Remember to go beyond monetary incentives while trying different offers.
The referral provides two ways to pay commissions owed to affiliates. For starters, it has a PayPal integration that makes it easy for affiliates to pay with the click of a button.
Second, you can pay affiliates using the Gift Card option. Send gift card emails to your affiliates in your backend and mark the affiliate as paid.
Refersion connects seamlessly with the following e-commerce platforms:
Additionally, you can use the Refersion API for custom integrations with unsupported platforms. The only caveat here is that the feature requires a little more coding.
Some popular tools that sync with Refersion to improve its performance include:
In addition, Refersion works with agencies that help you customize solutions. They include Electric Eye and ShopElf
Are there any drawbacks?
Even with its amazing features, Refersion has a fair amount of downsides. First of all, you may need to hire a developer to help you with backend coding.
Similarly, like most affiliate marketing programs, Refersion does not offer cross-device tracking. Some clients can perform the same transaction using multiple devices.
Revision Review: Prices
Let’s take a look at the pricing plans available at Refersion for you to choose from.
The Professional Plan costs $ 89 per month Track up to 130 affiliate orders along with affiliates and unlimited visits.
Features you can expect from this plan include:
Everything in the startup plan.
Track sales with coupon codes, emails, SKUs
The commission per product or SKU
The Business Plan uses personalized prices for your charges. In addition to this, it comes with unlimited affiliate offers every month. Apart from this, the features you get from the plan include
Everything in a professional plan
Review of the Reflection: Who should consider using the Reflection?
Refersion is an excellent affiliate marketing solution for advertisers. Small, medium, and large companies can also benefit from this solution. The Starter plan is a decent option for startups and small businesses.
In contrast, the professional plan works well for the growth of small and medium-sized businesses. This is because they need a more sophisticated referral tracking solution. Equally important, Refersion has more options and royalty offers.
Finally, the Enterprise option is ideal for medium and large companies. This is because it supports larger associated channels and reference networks.
Reflection Review: Our Take
Refersion Offers valuable analysis tools and reference management systems. Plus, it comes with useful automation and customization options. These are designed to help online businesses develop a strong affiliate network.
Originally published at https://exploremoney.net.