CASE STUDY – PARTNER PERFORMANCE MARKETING FOR FASHION E-COMMERCE SITE THE ICONIC, IN-HOUSE PARTNER MARKETING IS A PERFECT FIT THE ICONIC is Australia’s leading online destination for fashion and sportswear, selling products from over 700 Australian and international brands. Managing their affiliate channel in-house on a sophisticated platform that provides real-time performance insights is an important part of driving revenue and growth. THE ICONIC manages a large portion of their affiliate channel in-house and has direct relationships with their key digital marketing partners, but sought a way to work with all their partners on a platform that wasn’t charging a network fee for their services. They were also looking for a technology partner that could provide a more sophisticated and technically advanced platform that provided in-depth performance data. AN INITIAL CHALLENGE WAS which hindered long-term affiliate channel TRANSITIONING TO A FULL IN-HOUSE growth prospects SOLUTION WHILE SEAMLESSLY ONBOARDING EXISTING MARKETING PARTNERS On-boarding any new enterprise software can present challenges, and in the affiliate channel with thousands of partners to also transition, seamless execution is critical to avoid wasting money both in lost sales and inefficient use of internal resources. ● The need to view all partner performance data on a single dashboard in real time and evaluate campaign performance based on weekly or seasonal trends ● The need to track individual partner performance in detail on any channel right down to SKU level and adjust commission levels based on that data ● The need to increase transparency with the ability to view the exact same data in As THE ICONIC looked at different solutions that real time alongside their partners and would allow them to migrate their affiliate channel share insights to improve performance to a more sophisticated platform, the need for indepth real-time insights became an integral part of “We set a strategy of improving the sophistication their strategy. of our Affiliate Marketing program and working The main challenges THE ICONIC faced were: based partners, whilst moving away from discount ● A program spread across platforms, the burden of paying multiple network fees, and lack of in-depth performance data [email protected] closer with high value fashion content and loyalty lead activities. Performance Horizon has been an important part of the evolution of our Affiliate Marketing program, helping to facilitate strong relationships with these key partners. As a direct result of our work together, we've seen a any concerns or questions to ensure the best significant uplift in revenue of over 20% since experience for all parties. implementation.” Adam Jacobs, Managing Director and CoFounder of THE ICONIC A STRATEGIC PLAN WAS EXECUTED TO ENSURE A SMOOTH MIGRATION OVER TO A Partnering with Performance Horizon has given THE ICONIC the sophisticated and flexible solution it was seeking to best optimize its affiliate program and drive its own margins and growth along with its partners. PLATFORM THAT FUTURE PROOFED THE ICONIC’S AFFILIATE PROGRAM Working closely with THE ICONIC, Performance Horizon took steps to ensure that there were no major issues with the migration both for THE ICONIC and its partners: 1. Performance Horizon provided a clear timeline upfront of each step of the process that needed to happen at any single point in time. 2. While there were several steps required for the migration, Performance Horizon provided assistance through each step and was available for questions and advice along the way - both from a technical and best practice point of view. 3. Performance Horizon provided advice about how THE ICONIC should communicate the changes early on to give each partner enough time to prepare for the migration to the new platform. Performance Horizon also assisted the partners on For more information, please visit www.theiconic.com.au Date Published: Winter 2016 PERFORMANCEHORIZON.COM | [email protected] ● Provided a platform that the affiliate manager can see all partner performance in real time to evaluate campaign performance, weekly and seasonal trends, and see what their partner’s customers are actually buying ● Transformed insights to real time, enabling for better campaign optimization and overview of individual partner performance across all channels ● Improved interaction with partners by providing transparency. Partners are able to look at exactly the same numbers as THE ICONIC, leading to discussions on how to work better together and where they can improve for mutual benefit ● Receives ongoing support without additional fees. THE ICONIC is in contact with the Performance Horizon team regularly and gets support on anything from to adding a voucher in the system, adjusting commission levels or asking questions about reports
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