The
most important figure you need to keep track of is the visitorto-
customer conversion. It tells you exactly how well you convince
your visitors to buy your affiliate products. Average conversion
ratios for affiliate programs range between .5 and 1.5 percent.
Anything
above 1.5% is really good. This figure, however, indicates
the total conversion for all the affiliate programs. If you
promote more than one affiliate program you need to also calculate
the conversion rate for each of the programs.
Knowing how conversion rates compare between programs is useful
when deciding how to direct your promotional efforts. For
example, if you discover that Program A converts at
1% and Program B converts at 2%, it might be time to spend
more time and effort promoting Program B. Most tracking software
would give you detailed information about each of the affiliate
programs promoted on your website.
All affiliate programs that have a low conversion rate should
be dropped. While this may seem like a lot of work to go through
to track your site's performance, it really is a worthwhile
endeavor. Once your tracking mechanism is set, and you've
done the inputs a few times,
you'll be surprised at how simple it becomes. In fact, you
may find that eventually you look forward to adding things
up at the end of the month to get a clear picture of where
your affiliate business stands.
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