“Magento Affiliate and Referral program extension incorporates an Affiliate Account section on your Magento store and allows users to register as an affiliate and earn incentives for every successful referral. The incentives or commission are provided for new user registration, order placement or both.”
Affiliate and Referral Programs are excellent marketing strategies for any brand. It involves less cost and provides significant value in return. You would have often seen brands running a “Refer and Earn” program or YouTubers mentioning their affiliate link on the video description. That is what we call the Referral and Affiliate Marketing respectively.
Magento Affiliate and Referral Program extension
Knowband presents the Affiliate and Referral program extension for Magento that helps Magento store owners build brand awareness and increase their user base efficiently.
Features of Magento Affiliate and Referral Program extension
1. Multiple types of referral
Magento Affiliate and Referral Program extension lets the affiliate partners invite new users to your store through various means. The affiliate partners can bring in new customers by sharing with them a referral code or a referral link.
They can also provide a voucher to the referent which the latter can use while making a purchase. In addition to this, affiliate partners can share the referral link on various social media platforms like Twitter, Facebook, Pinterest, right from their affiliate account.
2. Set the referral rate for the affiliates
Magento store admin can define a global referral rate for the affiliate partners for the user registration and the order placement.
3. Personalize commission for each affiliate
Though the Magento Affiliate and Referral Program extension allows the store admin to set a fixed global referral rate for the affiliate partners, they can personalize it for every different affiliate.
4. Assign your affiliates with a voucher on their registration as an affiliate
Magento Affiliate Program extension allows merchants to assign a voucher to the affiliates on their successful registration. The store admin can set the voucher value and offer it in the form of a fixed discount or on a percentage basis.
There is also the option to define the overall voucher quantity and voucher limit per user.
5. Set a period for your referral program
Magento Referral Program extension provides the option to run the referral program for a limited time. If you define a time period, the referral code won’t work after the specified period.
6. Get insights into registered affiliates
You can check the details of the registered affiliates under “Affiliate Customers.”
7. Get insights into referred customers
“Referral Listing” displays the data of the customers who have registered through the affiliate’s link.
8. Check incentives earned by the affiliates
Magento Referral program allows store admin to view the incentives earned by the affiliate partners under the “Commission History” tab.
9. Check payout requests raised by affiliates
Magento Affiliate and Referral Program extension lets the affiliate partner get their payout/commission in the form of a voucher or cash.
The affiliate customer needs to raise a request from his/her account to withdraw the earned commission, which will then be reflected under “Payout Requests.”
Benefits of Magento Affiliate and Referral Program extension
1. Magento Affiliate and Referral extension helps you acquire new customers. With more user sign-ups, you will get more leads which will be beneficial for your email marketing campaigns.
2. Magento Affiliate and Referral Program increases brand awareness since it follows word of mouth marketing.
3. You can drive more conversions and hence more sales when the referent makes a purchase using the voucher code.
4. You can maximize your sales by putting minimum efforts.
5. Offering exciting incentives to the affiliates can encourage them to bring you more customers.
6. Magento Affiliate and Referral Program is a boon for your advertisement cost.
Check out the admin demo and the front demo of the Magento Affiliate and Referral Program extension. If you have any concern regarding this module, you can mail us at email@example.com and our team will resolve your query to the earliest.
Also read: How Affiliate and Referral program helps online businesses?
You can also check out this module for PrestaShop and Magento 2:
PrestaShop Affiliate and Referral Program