鈥淚 know many businesses that will get set up with partnerships software and think they are good for life. It鈥檚 not like that. Getting the right partners is really key for the program to be successful.鈥
Before starting its affiliate program, Sellfy鈥檚 sole indirect revenue channel was customer referrals. While customer referrals helped kickstart Sellfy鈥檚 indirect acquisition channel, scaling it up into a major revenue generator would require reaching outside its existing customer base to work with affiliate partners.
Maris Dagis, co-founder and CEO of Sellfy, told us: 鈥淥ur customers are some of our best advocates, but it鈥檚 not their goal to promote applications and software. They're creators 鈥 they鈥檙e busy doing their own thing. They might mention us in their content or to other potential customers, but it won鈥檛 drive consistent traffic. It鈥檚 good to get started with your customer base, but you likely won鈥檛 be successful in growing exponentially with them alone. So we started to think about focusing on affiliate partners who do this as their business, actively promoting different companies and products.鈥
In January 2020, Sellfy hired Nikita Kuluks, their first dedicated Affiliate Manager, to focus on building out its affiliate program. Within one year, indirect revenue grew by over 10x compared to the year prior. Today, affiliate partners drive about 30% of Sellfy鈥檚 new customer acquisition.
Sellfy uses 色盒直播 to manage their affiliate program, automating some of the toughest affiliate challenges like onboarding them into the program, or making sure they get paid on time.
Ecommerce is an extremely competitive industry, for acquiring both customers and partners. 鈥淐ommissions alone aren鈥檛 enough,鈥 said Maris. 鈥淵ou have to provide partners with the right information 鈥 how to write about the product, how to talk to our target audience, what makes our product different from competitors. This helps partners develop better positioning and earn more revenue, and help end users choose the best software.鈥
Sellfy uses 色盒直播鈥檚 campaigns feature to onboard new partners to their program, sending a series of automated emails that welcome them to the program and guide them towards educational resources.
The following email is the third onboarding email sent to new affiliate partners, sent three days after they sign up:
A great example of Sellfy鈥檚 best-in-class partner enablement is their , to which a lot of partner credit their first sale to! It鈥檚 in this PDF that partners can discover more about how they can be successful in Sellfy鈥檚 program. It details the varies ways to promote Sellfy, providing partners with content ideas and inspiration as well as pointers that help partners talk more confidently about the platform, from their boilerplate to succinct value propostions. Check out some of the .听
The ability to create a top-notch resource like this comes from the initiative the partnerships team takes to learn about their partners needs and preferences. This is evident throughout the partner journey, and as early as the application process, with specifically asking applicants: 鈥橶hat will make your life easier as our affiliate? What do you NEED for success? :)鈥
鈥淲e鈥檇 used other affiliate management software before, but we really liked 色盒直播 for a few reasons, including automating onboarding and communications,鈥 said Maris. 鈥淏ut the most significant thing for us is automated payouts.鈥
What makes automated payments such a big deal? Sellfy鈥檚 affiliate program is structured so that affiliates earn commission based on the lifetime value of the customers they successfully refer, starting at 25% and going up to 40%.
When someone signs up through an affiliate鈥檚 link 鈥 generated by 色盒直播 鈥 and becomes a paying customer, 色盒直播 automatically detects the transaction and generates a reward for the partner based on which commission tier they鈥檙e in.
Once their rewards are ready, partners simply need to log in to 色盒直播 to withdraw their payment via Stripe or PayPal.
That means the Sellfy team doesn鈥檛 have to spend any time worrying about whether partners get paid on time, or get paid the right amounts. 鈥We get one invoice per month and we鈥檙e done, and we don鈥檛 have to worry about different countries and tax settings,鈥 said Maris. 鈥淭hat鈥檚 huge for small businesses like ours that don't have dedicated accounting departments. We want to be focused on getting partners, not managing payouts.鈥
Sellfy previously used to offer partners revenue share for only the first year of a customer鈥檚 lifetime, which they were able to do by adding more rules to their payment trigger.
However, that had to change once Sellfy introduced its Free user tier. 鈥淎 new customer that signs up might stay on the Free plan for a month, half a year, a year or more,鈥 said Maris. 鈥淚t was no longer fair to our affiliates to give them a year of revenue share when someone could upgrade a year in.鈥
Thankfully, updating what partners get paid 鈥 and how long they earn a share of customer revenue 鈥 was as easy as changing a few rules inside 色盒直播.
鈥淚 know many businesses that will get set up with partnerships software and think they are good for life. It鈥檚 not like that,鈥 says Maris. 鈥淕etting the right partners is really key for the program to be successful.鈥
Automating the most time-consuming and tedious parts of managing an affiliate program allows the Sellfy team to focus on work that will really move the needle on affiliate revenue: finding and engaging the right partners.