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BALANCING BRAND VERSUS SALES

GETTING THE MOST FROM YOUR
FASHION PUBLISHERS




Presented by
Fiona Gandy
Key Account Manager, 7thingsmedia

@FiGandy
@7thingsmedia

Hashtag: #A4UB7
7thingsmedia

• Performance-based marketing agency, founded in 2009
• Offices in London and New York
• Clients include:




• Services include: Affiliate, Display, Lead Generation, SEO, PPC & Online PR
• Recent awards:
     •   “Best Affiliate Agency” - Winner, A4uAwards 2011
     •   “Best use of Affiliate Marketing” – Finalist, NMA Awards 2011
Affiliate marketing the growth




•UK affiliate market worth est. £4.62bn in 2010*
•Est. over £5bn by end 2011
•Est. £280m+ paid in affiliate commission
                                                   * Affiliate Marketing Econsultancy Buyer‟s Guide, 2010
Complex landscape




           Needs to be managed effectively
Affiliate value
                                               Brand Relevance
                   High                                                           Low
            High




                     •Develop close relationships        •Assess brand compatibility
                     •Improve conversion                 •Bespoke strategy for mutual
Potential




                     •Identify new opportunities         benefit
                                                         •Tactical campaigns
 Growth




                     •Maintain relationship              •Automated approach
                     •Evolve the proposition             •Minimal touch point
            Low
Voucher and cashback…

•Getting the most out of your voucher and cashback affiliates
     •   Communication is key
          • Share information and DATA
     •   What are your competitors doing?
     •   What are you looking to achieve?
          • Higher AOV?
          • Acquisition?
          • Shift stock?
Voucher and cashback…

•Monitor
    •   Who‟s saying what and where?
    •   On brand messaging
• Agent Provocateur saw a 115% yearly revenue increase by applying this
Fashion aggregators

• Timescales
• Product feed
• Budget
• Commission
Bloggers
•Very brand loyal
• Traditionally a low converter
     •   Find ways to work with this – EPC
     •   Exclusive offers
•Put yourself out there
Events
Events
Who‟s who…
Get your house in order
•Review Terms & Conditions
     •    Use to assist in your screening process
•Welcome email – branded HTML, concise information, include current promotion /
banners
•Contact information
•Replace old banners / text links
•Ensure product feed is working
     •    Listen to requests
Commission
• What could you afford to pay?
    • Think ahead to potential incentives

• What do your competitors pay?

• What do your re-sellers pay?

• Different commissions for new /returning customers?

• Tiered structures / category “item level” specific

• Is your affiliate budget structured for scale (fixed, semi-variable, variable)
Optimisation


EPC = CPA & CTR & OSC
                        •Compelling creative
                                                •Deeplinking to specific
                                                       products
                          •Strong consumer
                        offers/ voucher codes
  Pay affiliates more                           •Reducing the customer
                                                       journey
                           •Securing good
                         placements on the
                                                   •Easy site to use
                             affiliate site
Know your objectives
Planning and strategy

         Seasonality
     Promotional Strategy
           Budget
     Competitor Strategy



  Granular
                  Targets / KPIs     Activity                      Reflection &
  Plans by                                         React & tweak
                   Assigned to      Measured                       Learning fed
  Affiliate                                         plans where
                  each Affiliate     Against                         into next
Segmentation                                          required
                     Channel       Targets daily                   quarter plans
   Types



                                   Trading Plan
Recruitment
•Recruiting your fashion affiliates:

     •   Agencies
     •   Events – be creative
     •   Affiliate days
     •   Networks – newsletters / own events
     •   Gap analysis... (wait until you hear about Affiliate Manager Plus)
     •   Affiliates4u – banner / posts
     •   Google alerts

     ...segment
Segmented recruitment
                               Top affiliates
                            •Strong relationships
                             •Bespoke strategies


     Content               PPC            Cashback            Voucher
  •Create better     •Investigate the       •Tactical           Code
   collateral to      tactical use of     approach as     •Do we want to
  allow affiliates     affiliates on       opposed to           play?
    to promote       brand+generic        “always on”      •What are our
  more effectively        terms             approach           rules of
                                                            engagement?




                         Nursery Programme
                   •Engage inactive and lapsed affiliates
     •Do they need an arm round the shoulder or a kick up the behind?
Communication

• One to one and one to many approach
• Segment by type of affiliate and therefore by type of content
• If you want control then you have to feed affiliates
• Work alongside PR team
• It‟s not just the fluffy stuff - trading style relationship with affiliates
• Create an army of affiliates
      •   Think outside the box ; look books, press day invites
Communication
• Step 1         • Step 2
Communication
• Step 1         • Step 2
Stand out
Incentives
• Identify your goals

• Segment – every affiliate is different

Cash; Commission on next month‟s sales; Tiered structure; Exclusive vouchercode; Products; Previews;
Champagne or chocolate; VIP events; Away days; Holidays

• Attractive, Achievable, Fun!

• Expectations

...It‟s not the lottery
Incentives
Innovations
•   Content units
     •    Social widgets / linking – everyone becomes an affiliate
•   Feed optimisation
•   Mobile
     •   Rewarding check-ins
     •   Location based offers in-store and online
     •   Offline editorial / advertorial accountability
Innovations

•   Re-targeting
•   Re-marketing
•   Facebook shop
•   Innovative approach
        •   Absolute focus on value as well as volume
        •   Move away from the Affiliate Marketing „norm‟
        •   Not just “affiliates
Not impressed by coverage?
7things…tomorrow

7 things to implement on your affiliate programme tomorrow:


1.   Get your house in order

2. Identify your key objectives and plan
3. Segment your affiliates
       - By volume and type

4. Review your EPC – how can you improve it?
5. Recruit, recruit, recruit
6. Strengthen relationships
7. Innovate (...and talking of innovation)
Introducing...
Thank you & questions

Thank you to my beautiful panel:
- Eve
- Sarah
- Alex

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Style, success & sales - Getting the most from Fashion Bloggers

  • 1. BALANCING BRAND VERSUS SALES GETTING THE MOST FROM YOUR FASHION PUBLISHERS Presented by Fiona Gandy Key Account Manager, 7thingsmedia @FiGandy @7thingsmedia Hashtag: #A4UB7
  • 2. 7thingsmedia • Performance-based marketing agency, founded in 2009 • Offices in London and New York • Clients include: • Services include: Affiliate, Display, Lead Generation, SEO, PPC & Online PR • Recent awards: • “Best Affiliate Agency” - Winner, A4uAwards 2011 • “Best use of Affiliate Marketing” – Finalist, NMA Awards 2011
  • 3. Affiliate marketing the growth •UK affiliate market worth est. £4.62bn in 2010* •Est. over £5bn by end 2011 •Est. £280m+ paid in affiliate commission * Affiliate Marketing Econsultancy Buyer‟s Guide, 2010
  • 4. Complex landscape Needs to be managed effectively
  • 5. Affiliate value Brand Relevance High Low High •Develop close relationships •Assess brand compatibility •Improve conversion •Bespoke strategy for mutual Potential •Identify new opportunities benefit •Tactical campaigns Growth •Maintain relationship •Automated approach •Evolve the proposition •Minimal touch point Low
  • 6. Voucher and cashback… •Getting the most out of your voucher and cashback affiliates • Communication is key • Share information and DATA • What are your competitors doing? • What are you looking to achieve? • Higher AOV? • Acquisition? • Shift stock?
  • 7. Voucher and cashback… •Monitor • Who‟s saying what and where? • On brand messaging • Agent Provocateur saw a 115% yearly revenue increase by applying this
  • 8. Fashion aggregators • Timescales • Product feed • Budget • Commission
  • 9. Bloggers •Very brand loyal • Traditionally a low converter • Find ways to work with this – EPC • Exclusive offers •Put yourself out there
  • 13. Get your house in order •Review Terms & Conditions • Use to assist in your screening process •Welcome email – branded HTML, concise information, include current promotion / banners •Contact information •Replace old banners / text links •Ensure product feed is working • Listen to requests
  • 14. Commission • What could you afford to pay? • Think ahead to potential incentives • What do your competitors pay? • What do your re-sellers pay? • Different commissions for new /returning customers? • Tiered structures / category “item level” specific • Is your affiliate budget structured for scale (fixed, semi-variable, variable)
  • 15. Optimisation EPC = CPA & CTR & OSC •Compelling creative •Deeplinking to specific products •Strong consumer offers/ voucher codes Pay affiliates more •Reducing the customer journey •Securing good placements on the •Easy site to use affiliate site
  • 17. Planning and strategy Seasonality Promotional Strategy Budget Competitor Strategy Granular Targets / KPIs Activity Reflection & Plans by React & tweak Assigned to Measured Learning fed Affiliate plans where each Affiliate Against into next Segmentation required Channel Targets daily quarter plans Types Trading Plan
  • 18. Recruitment •Recruiting your fashion affiliates: • Agencies • Events – be creative • Affiliate days • Networks – newsletters / own events • Gap analysis... (wait until you hear about Affiliate Manager Plus) • Affiliates4u – banner / posts • Google alerts ...segment
  • 19. Segmented recruitment Top affiliates •Strong relationships •Bespoke strategies Content PPC Cashback Voucher •Create better •Investigate the •Tactical Code collateral to tactical use of approach as •Do we want to allow affiliates affiliates on opposed to play? to promote brand+generic “always on” •What are our more effectively terms approach rules of engagement? Nursery Programme •Engage inactive and lapsed affiliates •Do they need an arm round the shoulder or a kick up the behind?
  • 20. Communication • One to one and one to many approach • Segment by type of affiliate and therefore by type of content • If you want control then you have to feed affiliates • Work alongside PR team • It‟s not just the fluffy stuff - trading style relationship with affiliates • Create an army of affiliates • Think outside the box ; look books, press day invites
  • 24. Incentives • Identify your goals • Segment – every affiliate is different Cash; Commission on next month‟s sales; Tiered structure; Exclusive vouchercode; Products; Previews; Champagne or chocolate; VIP events; Away days; Holidays • Attractive, Achievable, Fun! • Expectations ...It‟s not the lottery
  • 26. Innovations • Content units • Social widgets / linking – everyone becomes an affiliate • Feed optimisation • Mobile • Rewarding check-ins • Location based offers in-store and online • Offline editorial / advertorial accountability
  • 27. Innovations • Re-targeting • Re-marketing • Facebook shop • Innovative approach • Absolute focus on value as well as volume • Move away from the Affiliate Marketing „norm‟ • Not just “affiliates
  • 28. Not impressed by coverage?
  • 29. 7things…tomorrow 7 things to implement on your affiliate programme tomorrow: 1. Get your house in order 2. Identify your key objectives and plan 3. Segment your affiliates - By volume and type 4. Review your EPC – how can you improve it? 5. Recruit, recruit, recruit 6. Strengthen relationships 7. Innovate (...and talking of innovation)
  • 31.
  • 32. Thank you & questions Thank you to my beautiful panel: - Eve - Sarah - Alex