Monetize eCommerce Store with Affiliate Programs | Guide | 20193

Affiliate Programs are Partner products, Referral merchandise, Collaborative products or commission products which are not owned by the Seller (BSMe2e ecommerce shop tenant), but are promoted and sold. When a customer buys an affiliate product through BSMe2e, the store owner earns a commission for the sale.

Here’s how it works:

• The Seller (BSMe2e ecommerce shop tenant) signs up for an affiliate program with a third-party company that sells products related to their store’s niche.
• Adds the affiliate products to their BSMe2e eCommerce store’s catalog, just like any other product. However, instead of fulfilling the order themselves, the third-party company ships the product to the customer.
• When a customer buys partner products, the seller (BSMe2e ecommerce shop tenant) earns a commission on the sale. BSMe2e has built-in functionality to support affiliate products. Store owners can add affiliate products to their catalog and track their earnings in the Seller’s account dashboard.

Things to Keep in Mind When Selling Partner Products, Collaborative products, Associated with Affiliate Programs.

As an affiliate marketer, there are several criteria to consider when selecting products to promote. Here are some important factors to consider when evaluating potential affiliate/partner products:

1. Relevance: The products you promote should be relevant to your audience’s interests and needs. Ensure that the product aligns with your niche and target audience.
2. Quality: The product should be of high quality and provide value to the customer. You do not want to promote a product that is likely to result in returns, refunds, or complaints.
3. Commission: Consider the commission rate and the potential for earnings. Higher commissions may be attractive, but it is important to balance this with the product’s relevance and quality.
4. Brand reputation: It is essential to consider the brand reputation of the product and the company behind it. Promoting a product from a reputable brand can enhance your credibility as an affiliate marketer.
5. Market demand: Evaluate the demand for the product in the market. A product with high demand is likely to generate more sales and income.
6. Sales page: Analyze the sales page or landing page of the product. Ensure it is well designed and optimized for conversions, as this can impact your success as an affiliate marketer.
7. Affiliate Program support: Check whether the product has an affiliate program with good support, such as providing promotional materials, training, and timely payment of commissions.

By considering these criteria, you can select affiliate products that align with your brand and audience, have the potential for sales and earnings, and provide value to customers.

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Frequently Asked Questions

Here are some frequently asked questions related to partner products:

How do I add affiliate products to my BSMe2e store?

To add affiliate products to your BSMe2e store, create a new product and set the product type to “External/Affiliate Product.” You will then need to add the affiliate product’s URL and other information, such as the product name and description.

What is the commission rate for affiliate products?

The commission rate for affiliate products varies depending on the affiliate program. Typically, the commission rate is a percentage of the sale price of the product, ranging from 5% to 50%.

How do I promote affiliate products?

To promote affiliate products, you can use various strategies, such as writing product reviews, creating comparison tables, and running targeted ads. You can also promote the products on social media and email marketing.

How do I track my earnings from affiliate products?

BSMe2e has built-in functionality to help you track your earnings from affiliate products. You can view your earnings in the store’s dashboard and generate reports to track your sales and commissions. Make sure to keep track of your earnings to ensure that you’re being paid the correct amount.

Steps to Create Affiliate Products on BSMe2e

To create an affiliate product in BSMe2e, follow these steps:

1. Log in to your BSMe2e dashboard.
2. Click on “Products” in the left-hand menu and select “Add New.”
3. Enter the product title and description.
4. Under “Product Data”, select “External/Affiliate product” from the “Product Type” dropdown menu.
5. Enter the affiliate product URL in the “Product URL” field. This should be the URL of the product on the affiliate’s website.
6. Enter the price of the product in the “Regular Price” field. This will be the price displayed on your store.
7. (Optional) Enter a sale price in the “Sale Price” field if the product is on sale.
8. Upload an image for the product.
9. Set any additional product options, such as shipping and tax settings.
10. Publish your affiliate product.

Your affiliate product should now be available for purchase on your BSMe2e store, and any clicks or sales made on the affiliate product URL will be tracked and credited to your affiliate account.

Want to know more in detail? This guide will help you.