Affiliate marketing has been experiencing explosive growth in recent years, so it’s essential now more than ever for brands to run affiliate programs of their own.
It involves brands hiring affiliates to promote their products and services and rewarding them with a commission from every sale.
As such, affiliate marketing is an excellent low-cost and low-risk way for brands to drive sales and brand awareness without hiring an in-house advertising and marketing team of their own.
Affiliate marketing spending worldwide is estimated at around $14 billion in 2024 – and the industry is predicted to reach a worth of over $38 billion by 2031.
Affiliate Marketing And SEO
Affiliate marketing and search engine optimization (SEO) both share a common goal of attracting relevant and high-quality traffic to a site with the goal of increasing sales.
As such, both of these marketing activities shouldn’t be perceived as two separate, competing entities.
Instead, you should look at them as one and the same that work together in perfect harmony to increase website traffic and generate more revenue.
The most successful publishers in the affiliate marketing space combine the two to get the best of both worlds.
SEO affiliate marketing involves choosing the right products and affiliate programs that attract the most search traffic and offer the best commissions.
Publishers often make the most of affiliate marketing by creating content that adds real value for their readers and prioritizes their experience.
Publishers often do this by creating “Best of” or “Top X” oriented posts that address their audience’s needs and pain points, while, at the same time, allowing them to monetize their content by using affiliate links throughout the posts.
By adding relevant and contextual affiliate links in such posts, publishers foster an authentic user experience that puts their readers first.
This is one of the most significant advantages of affiliate marketing compared to alternative marketing methods such as sponsored posts.
Today’s consumers are increasingly distancing themselves from heavily business-oriented content, as it’s often perceived as inauthentic and disingenuous.
By focusing on high-quality content that adds value to readers and combining it with relevant and contextual affiliate links, everyone wins!
Additionally, Google rewards publishers who create original content and add real value for their readers.
They reward such publishers by placing them higher in search results and driving more traffic to them.
But, in today’s highly competitive and increasingly dynamic market, how can brands find the time to manage and grow their affiliate marketing program?
The answer is with the help of the right affiliate marketing software that streamlines the entire process.
Once upon a time, running a successful affiliate marketing program meant manually managing every aspect – a time-consuming and inefficient process.
Thankfully, these days, affiliate marketing software and solutions have evolved to offer all the necessary tools in a single place, which simplifies the whole process and enables brands to optimize their programs and focus on growth.
Therefore, brands need to utilize the right affiliate marketing software to stay competitive and maximize ROI in today’s highly competitive affiliate marketing space.
This article will go over what affiliate marketing software is and what makes a great affiliate software platform.
We’ll also review the top 10 affiliate marketing software platforms that brands can use to take their affiliate program to the next level.
What Is An Affiliate Marketing Software?
In a nutshell, affiliate marketing software is a comprehensive tool that facilitates all aspects of affiliate marketing program management.
It allows brands to track, manage, and grow their affiliate marketing campaigns.
Most affiliate marketing software platforms share standard features such as affiliate onboarding, collaboration with affiliate partners, affiliate tracking and reporting, and referral, cost, and commission payment management.
What Makes A Good Affiliate Marketing Software Platform?
Though most affiliate marketing software platforms share many of the same features, what sets apart the good platforms from the bad is what’s important.
For starters, the actual platform must have an intuitive and user-friendly interface.
An affiliate marketing platform can boast all of the best affiliate tools and features available.
Still, it’s a moot effort if the dashboard is complicated for most people.
Additionally, since brands usually utilize a variety of Software as a Service (SaaS) platforms for ecommerce and affiliate marketing, affiliate marketing software platforms need to offer tons of third-party SaaS integrations.
The best affiliate marketing software platforms offer robust tracking and reporting capabilities.
Brands need to be able to precisely track their affiliate sales and access real-time granular data to measure the ROI of their affiliate campaigns effectively.
Additionally, a good affiliate marketing platform will provide brands with all the affiliate tools they need to launch, manage, promote, and scale their affiliate programs, such as flexible commission management and customizable real-time affiliate tracking and reporting capabilities.
At the same time, they should offer their clients peace of mind by providing the highest level of fraud detection and other security features.
Lastly, the best affiliate marketing software platforms mean nothing if there isn’t quality customer service available 24/7 to back it up. Readily available customer assistance is equally important for brands as it is for affiliates.
Top 10 Affiliate Marketing Software
1. Refersion
Screenshot from refersion.com, August 2024
With over 60,000+ registered merchants, 6.6 million affiliates managed, and $2 billion in affiliate revenue tracked, Refersion is one of the leading affiliate marketing software platforms on the market.
Its robust and highly personalized dashboard allows brands to manage all aspects of their affiliate program, such as monitoring all aspects of their affiliate activity with extensive real-time reporting capability.
Refersion offers brands all the tools they need to scale and promote their affiliate programs, such as managing commissions, payouts, and providing simplified tax automation. It also offers easy integration with popular tools like Shopify, WooCommerce, and BigCommerce.
While Refersion does come with a higher price point than some competitors – starting at $99 per month – it’s hard to find a solution that offers the same level of top-notch affiliate tools, marketplace, and customer service.
Pricing:
The professional tier starts at $99/month (if paid annually) for up to 50 monthly order conversions.
The business tier starts at $249/month (if paid annually) for up to 200 monthly order conversions.
The enterprise tier is available with unlimited monthly order conversions – you’ll need to contact Refersion for pricing details.
2. Impact
Screenshot from Impact.com, August 2024
Impact is one of the biggest affiliate marketing software platforms for cloud automation.
Its signature product, the Impact Partnership Cloud, allows brands to automate their affiliate and influencer marketing campaigns. It offers a marketplace where brands can connect with a network of affiliates, influencers, ambassadors, and other possible partners.
The platform’s tools also include dynamic commissioning, reporting, advanced analytics, and third-party integrations for companies to track and manage their affiliate programs.
However, pricing is not readily available, and you must contact the Impact sales team for a custom quote.