an introduction to affiliate marketing for the igaming industry

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This is intended as a primer for affiliates that are either new to the iGaming industry or considering becoming an iGaming affiliate after having been an affiliate in another sector. This lesson will include: • Basics of the revenue model • Understanding the iGaming lingo • What player values you can expect from different iGaming verticals Nicky Senyard, CEO, Income Access

TRANSCRIPT

Page 1: An Introduction to Affiliate Marketing for the iGaming Industry

Complete Affiliate Marketing SolutionsComplete Affiliate Marketing Solutions

Page 2: An Introduction to Affiliate Marketing for the iGaming Industry

INTRODUCTION TO AFFILIATE MARKETING INTRODUCTION TO AFFILIATE MARKETING FOR NEW AFFILIATESFOR NEW AFFILIATES

Affiliate Marketing 101Affiliate Marketing 101

Page 3: An Introduction to Affiliate Marketing for the iGaming Industry

Benchmarks for SuccessBenchmarks for Success

Becoming a successful affiliateBecoming a successful affiliateis all about:is all about:

o Creating strong relationships o Communicationo Developing a long-term revenue streamo Watching the ‘vertical’

Page 4: An Introduction to Affiliate Marketing for the iGaming Industry

The Goal: Win/WinThe Goal: Win/Win

o Seek long-term partnershipsSeek long-term partnerships

o Familiarise yourself with:Familiarise yourself with:

• The market• Other successful affiliates• Current events

Page 5: An Introduction to Affiliate Marketing for the iGaming Industry

Traits of a “Super Affiliate”Traits of a “Super Affiliate”

A successful affiliate has:A successful affiliate has:

o A business plan/approacho A strong work ethicoThe ability to see “The Big Picture”

Page 6: An Introduction to Affiliate Marketing for the iGaming Industry

Affiliate Considerations 101Affiliate Considerations 101

o Who is in the market?• Competitor Analysis

o Your needs as an affiliate• Conversions, commissions, promotions, retention,

payments, communication

o What will you be paid? • Affiliate Compensation

Page 7: An Introduction to Affiliate Marketing for the iGaming Industry

Affiliate Considerations 101Affiliate Considerations 101

o What are the rules? • Programme Terms and Conditions

o What are your resources?• Affiliate Marketing Materials

o How reliable is the affiliate software? • Reporting & Tracking

Page 8: An Introduction to Affiliate Marketing for the iGaming Industry

Competitor AnalysisCompetitor Analysis

Analyze the options in the marketplaceAnalyze the options in the marketplace oSite

• branding, navigation and content• Brand Credibility = Conversions

oProduct• packaging, price and value proposition

oAffiliate programme

Page 9: An Introduction to Affiliate Marketing for the iGaming Industry

Your NeedsYour Needs

What you need to be looking for:What you need to be looking for:

o Conversions•What is a new player costing me?

o Commissions•What am I being paid for my efforts?

o Promotions (for players and affiliates)•How am I (my players) being rewarded?

Page 10: An Introduction to Affiliate Marketing for the iGaming Industry

Your NeedsYour Needs

What you need to be looking for:What you need to be looking for:

o Retention•What is the site doing to get my player back? •How long are they staying? •How much will I be making with this

programme in the long term?

Page 11: An Introduction to Affiliate Marketing for the iGaming Industry

Your NeedsYour Needs

What you need to be looking for:What you need to be looking for: o Communication (Affiliate Management)

•Are my inquiries responded to? •Does the program take my needs into

consideration? •Am I provided information that I need to

successfully promote?

Page 12: An Introduction to Affiliate Marketing for the iGaming Industry

Researching Affiliate ProgrammesResearching Affiliate Programmes

o Ask for recommendations Ask for recommendations o Explore industry forumsExplore industry forums

•PAW•CAP•GPWA•APCW

Page 13: An Introduction to Affiliate Marketing for the iGaming Industry

Options to Earn Money Options to Earn Money

What options do you have?What options do you have?

o Lifetime value of playero Revenue shareo Cost per Acquisition (CPA)o Combination of revenue share and CPAo Special bonus – extra payment for achieved activityo Sliding scales – more sales lead to higher commissions

Page 14: An Introduction to Affiliate Marketing for the iGaming Industry

Considerations when choosingConsiderations when choosingCPA vs. MGRCPA vs. MGR

o Overall Player Value

o How are you acquiring your players each month? (word of mouth, paid advertising, search engines)

o Do these players = a win/win for you and the website

Page 15: An Introduction to Affiliate Marketing for the iGaming Industry

Payment considerationsPayment considerations

o Thresholds• Are they achievable?

o Options• Are there alternative payment options?

o Timing• Are payments issued in a timely manner?

Page 16: An Introduction to Affiliate Marketing for the iGaming Industry

Terms & ConditionsTerms & Conditions

Legal document outlining affiliate programmesLegal document outlining affiliate programmes

o Items to evaluate:• Affiliate compensation• Payments• Cookie duration• Definition of “lifetime players”• Pay per click policy (if appropriate)

Page 17: An Introduction to Affiliate Marketing for the iGaming Industry

What do you need to have access to:What do you need to have access to:

oText linksoReviewsoData feedsoLanding pagesoVariety of banners

Marketing MaterialsMarketing Materials

Page 18: An Introduction to Affiliate Marketing for the iGaming Industry

Things for new affiliates to avoidThings for new affiliates to avoid

o Spam of any kind (email, forums)

o SEO black hat techniques

o Poaching players from another site or affiliate

o CPA fraud

o Promoting too many, or too few affiliate programmes

Page 19: An Introduction to Affiliate Marketing for the iGaming Industry

Consistent InvolvementConsistent Involvement

o Answering regular affiliate questions • Answered in 24 hrs, during business hours

o Affiliate Updates • Important announcements are made in a timely

and informative manner

o Affiliate Newsletter• At least one a month

Page 20: An Introduction to Affiliate Marketing for the iGaming Industry

Consistent InvolvementConsistent Involvement

o Proactively Monitoring Your Activity • Suggest improvements to site content &

creative display• Shows interest in your marketing efforts

o Marketing Tool Development• Constantly introducing fresh and new materials

Page 21: An Introduction to Affiliate Marketing for the iGaming Industry

Reporting and TrackingReporting and Tracking

oAccurate & reliable

oTimely

oTrustworthy

o In-depth

• How detailed are the reports?

Page 22: An Introduction to Affiliate Marketing for the iGaming Industry

Gauge of Professionalism –Gauge of Professionalism –Industry InvolvementIndustry Involvement

o Monitoring & participating in industry discussion forums, blogs and news

o Participating in trade shows and industry events

Page 23: An Introduction to Affiliate Marketing for the iGaming Industry

Facts to ConsiderFacts to Consider

o You are running your own business and need to expect to make money from the partnership you have with different affiliate programmes

o You need to be naturally weary of new sites and new brands – longevity and consistency are important, because they have a direct impact on you financially

o You need to know your traffic and what will work on your site

Page 24: An Introduction to Affiliate Marketing for the iGaming Industry

o High performing affiliates are in demand and have well-established relationships with affiliate managers

o Once you have signed and displayed a banner for a programme this does not mean that you will automatically attract players and generate revenue

Facts to ConsiderFacts to Consider

Page 25: An Introduction to Affiliate Marketing for the iGaming Industry

In ConclusionIn Conclusion

Content and Relationships are KEY to Content and Relationships are KEY to being a successful affiliate!being a successful affiliate!