New Byline: Three Things Retail CFOs Need To Know About Partner Marketing

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Partnerize CMO Jim Nichols has published a byline in Forbes, entitled Three Things Retail CFOs Need To Know About Partner Marketing. The article outlines key points for CFOs who want to learn more about this fast-growing channel from a financial perspective.

Three Things Retail CFOs Need To Know About Partner Marketing

Here’s an excerpt from the piece:

I work for a technology company in the partnership space, and over the past year, we’ve received more and more inquiries about partnership from pure-play digital and “brick and click” retail finance teams. They want to understand the fundamentals of this sector and how it can affect their revenue and business processes.

In a recent survey our company conducted, we asked 1,200 brand leaders about partnership’s share of total sales. The results were impressive: 54% of those surveyed said that partnership drove more than 20% of their company’s total sales. It’s clear that this is a channel that can deliver real scale to those who fully realize the opportunity. So, here are three key takeaways for CFOs who are interested in the channel.

Revenue and costs for partnerships are predictable and controllable.

According to the 2017 IAB U.K. “Affiliate Marketing Study,” affiliate partnerships drive a return of 16 times the advertising investment. A big reason for this is that such partner programs are paid for on a cost-per-sale (also known as cost-per-acquisition, or CPA) basis. Brands pay after they see revenue, not before.

Further, other segments of partnerships that have traditionally been compensated based on activity — like the number of blog posts or mentions — are now moving toward the CPA approach. For example, it is now possible to work with many influencers on a CPA basis just like you would do with an affiliate.

 

Read the rest of this article here.

ABOUT PARTNERIZE

Partnerize is the leader in partnership automation. The AI-powered Partnerize Partnership Automation Platform delivers data-driven intelligence and industry-leading management tools that are essential for materially improving ROI from this fast-growing sales channel. The Partnerize platform has won more than two dozen awards including Best Technology at the International Performance Marketing Awards. The world’s leading companies, including 63 top retailers, 12 international airlines, 10 of the largest telecoms, and more than 200 other global brands rely on Partnerize’s platform to drive and manage more than $6B in partner sales and $500M in partner payments every year.

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