During this time of uncertainty, difficult decisions are being made with regards to future financial planning across multiple sectors, including the travel and leisure industry. The question is, how is this affecting performance marketing spend in addition to core strategies going forward?
We can see in the headlines that travel brands are reducing digital spend, and with the lack of travel bookings, Google Search terms on destinations, and organic links from companies such as TripAdvisor, Booking.com, and Expedia, how will the landscape change and will the travel and leisure industry be able to bounce back post-COVID-19?
As part of our roundtable series, we take a deep-dive into the state of performance marketing within the travel and leisure industry in today’s climate. We break down the changes and how brands, publishers and consumers are responding to the commercial impact from the Coronavirus pandemic.
Featuring Colin Carter, director at Weather2Travel,Eoin Casey, head of affiliate at Campsited, Lina Slater, head of business development & display at Travel Supermarket and Rob Burgees, editor at Head for Points, the panellists share their experiences and insights from the travel and leisure sector and how their respective practices are coping at the moment.
We also discuss the initiatives being adopted in response to the changes, protecting affiliate relationships as programs continue to pause and how brands and publishers can innovate and stay relevant in the coming months ahead.
Watch the full session now and be sure to subscribe to our weekly newsletter for the latest news and discussions on how the performance marketing industry is responding to the Coronavirus pandemic.
Today’s environment has ushered in a wave of changes. While often challenging, these shifts can also result in the motivation to uncover new revenue opportunities. One that is plainly in sight – extending affiliate programs to include lead distribution.
In fact, forward-looking networks are already capitalising on this opportunity for continued revenue growth. Lead distribution enables you to monetise leads beyond what’s possible with the standard click and conversion traffic.
What is lead distribution?
Lead distribution is a performance marketing process that involves capturing, validating, and distributing leads. The purpose is to secure the best price for generated leads. This is how it works:
Three reasons why lead distribution is the next big revenue driver
A natural extension to an affiliate marketing program, lead distribution can provide more options for monetising leads and is worth the time to consider.
1. Uncover hidden potential within easy reach
Adding lead distribution to your existing affiliate program can be as simple as activating new options for your advertiser and affiliate partners. For example, perhaps your affiliates already have access to pre-qualified lead data beyond the typical click and conversion traffic that they currently capture. Additionally, maybe your advertisers are looking to receive pre-qualified leads as opposed to general traffic, even if that means paying a higher price. In other words, are there more ways to increase incremental revenue with existing affiliates and advertisers in targeted verticals you focus on today?
As the economy evolves, so do customer needs. You also need to adapt, and it makes sense to ask, how about expanding into new vertical industries? You can leverage opportunities with new vertical markets to grow your performance marketing program by working with new affiliates and advertisers in addition to your existing partner base.
2. Strengthen your partnerships for the long run
Networks are well-versed when it comes to creating and leveraging partnerships. With lead distribution, networks can further nurture a long-term relationship by delivering more value to advertiser-affiliate interactions.
Affiliates gain access to a wider audience of advertisers looking to purchase pre-qualified leads, while advertisers are matched with the affiliates who deliver leads that meet specific, pre-determined qualifications. In both cases, all audiences benefit by maximising ROI.
Additionally, networks can play a more significant role in attaining higher-quality leads, garnering higher selling prices. For instance, with a vertical industry such as legal, a highly-qualified lead can go for a selling price in the range of $300 – $400.
3. Enables more control
Typically, with affiliate marketing, publishers or affiliates control the content and traffic that advertisers are interested in. This makes publisher’s/affiliate’s online media platforms valuable assets for advertisers to leverage. By giving publishers an opportunity to further monetise their traffic, advertisers create a win-win scenario for both parties.
With lead distribution, affiliate networks win more too. They can tightly manage the quality of affiliate-driven traffic through its network. Instead of sending traffic from the publisher/affiliate to the advertiser and hoping they convert, lead distribution presents the option to transfer the process of managing leads into the hands of affiliate networks. This allows networks to directly manage landing pages and own the data, thus providing more influence over the user experience, content, and conversion points.
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