Every year during Black Friday, companies offer huge discounts on computer products and software. It allows them to boost sales and conversion. The SaaS companies get a ton of sales for the year, but they offer lifetime deals with discounts up to 60% off the original price. And you can see; a lot of people promoting their affiliate links so that they will receive a commission when someone makes a purchase using their referring code.
But for companies, it’s practically impossible to manage the whole database and keep track of everything that’s happening. Therefore, they need a system to handle everything automatically and also track sales and profits. And there is Data science to make everything simple and easy for marketers.
What is Affiliate Marketing?
Affiliate marketing is a popular tactic to drive sales and generate numerous revenue from it. It is highly beneficial for both brands and affiliate marketers, which will earn you the best commission in the market.
By promoting the products of another company via your website or by using a referral code. 84% of brands use affiliate marketing to promote their products. Affiliate marketing is growing by 10% a year, and sales will reach $6.8 billion by the end of the year.
When someone buys a product from the affiliate, that sale gets tracked through affiliate links, and the affiliate marketer receives a commission for each sale.
What are Black Friday Deals?
Black Friday is the Friday following Thanksgiving Day in the United States, which falls on the fourth Thursday of November. It’s the day when IT and software companies promote their best products. It starts from Thanksgiving Day and ends one week later. This week happens to be the busiest shopping day of the year in the U.S.
But now black Friday is famous across the world. For heavy discounts on IT systems and software and those who offer SaaS (software as a service). Every time during this Black Friday, you will get lifetime access to all your favorite applications by paying the least, with massive discounts on the full price.
The deals are always on laptops and their accessories, software, WordPress themes and plugins, domains and hostings, internet securities, antivirus, and others.
Application of Data Science in Black Friday deals and Affiliate Marketing?
Even though the affiliate marketing industry is revolutionizing, there are new opportunities and challenges for affiliate marketers every day. It means you should always look for new opportunities, strategies to reach more customers, and make more profits. There are many ways how data science can help. Here are some of the key benefits:
Affiliate Marketing Analytics To Boost Up the Conversions
Niches always play a crucial role in any business. Therefore some of the affiliate marketing niches are highly competitive, and they are almost impossible to compete. And without data science and systematically analyzing the raw data, it is tough to be on the top of the well-performing niches. All the affiliate marketers bid on the root domain, where the cost per lead is lesser. And still, they didn’t convert. Therefore, selecting the right niche is crucial to be successful in any business and maximizing the ROI.
Finding Out Resources To Leverage The Campaigns
Data Science helps in making better strategies for the failed campaigns. Even your time from campaigns goes wrong and takes your campaigns to the next level. There are several ways data science helps affiliate marketers to showcase their products in different channels. They use paid ads to reach potential customers and identify the variables that might have the most impact on campaigns and performances. They also use analytics to track the results of different campaigns.
Discovering Hidden Opportunities Unexplored Regions
Most of the affiliate marketers focus on promoting exciting offers to the people, not only in one region but many. The affiliate marketing industry is exploding, and according to the report, the e-commerce industry is worth more than 1 trillion in Asia only. Researching keywords and targeting them through SEO, PPC, and social media platforms are key to targeting more customers, even from unexplored regions.
With analytics, it’s possible to collect information about different locations where your ads are running, and you can make small tweaks and target those locations which remain unexplored yet. And you believe there might be chances of purchase using some smart campaigns.
Killer Tips For Affiliate Marketers To Boost Their Sales During Black Friday
Choose The Right Products You Want To Offer
Choosing the right niche is the foundation for the success of your affiliate marketing. You can showcase your products based on fashion and clothing. Shoes, computer appliances, software, hosting, WordPress theme & plugins, online courses, etc. When people receive massive discounts, they are more likely to make a purchase.
Design Dedicated Landing Pages For Each Product You Are Going to Offer
Designing a separate landing page for each product and providing them with an irresistible and one-on-one offer. And dedicated social proof on it, along with some FAQ, and multiple payment options, there are high chances of getting more conversions. Showing them urgency here is the trick to persuade them to buy as soon as they see the advertisements or land on the page of a particular product. Making your landing page mobile-optimized will be like a cherry on the top of the cake, and there will be a lesser bounce rate.
Prepare Marketing Collateral, Inform Your Partners, and Introduce Bonuses
Create banners where your messages and contexts are popping out to your audiences. Have some copywriting on it. Ask your partners to promote your offers in their groups. This way, your words will reach the world, and people will start noticing your brand. Introduce some bonuses for your affiliate, and the people who get you the maximum conversions, reward them those bonuses. Establish your relationship with them and let them speak about your brands to others. Words of mouth always matter here.
Businesses throughout the world love this day, and even those who rarely shop do so this season. Save some money for this week to take advantage of irresistible offers and get lifetime deals at a lesser price. Black Friday and Cyber Monday are the days after Thanksgiving when online sellers offer heavy discounts through direct and affiliate marketing. And technologies like data science and machine learning algorithms like KNN algorithm helps them to boost more sales and track revenue at any moment. It is why affiliate marketing is so popular nowadays, as it permits people to earn a substantial income even as they sleep.