Refersion’s Reimagining of Affiliate Marketing

Creating an influencer or affiliate program is a huge headache for most brands. Vetting the people you let in, assigning them links and promotions, keeping an eye on their posts. And then what about tracking performance and understanding conversions? Sounds like a nightmare But it doesn’t have to be. 

Shibo Xu is the Co-Founder and COO of Refersion, which was built on the idea that you could completely flip that process on its head. Instead of the burden falling on the brands, influencers have to prove their worth. And rather than getting lost in vanity metrics or other out-of-date KPIs, place value only in a select few areas. These ideas helped launch Refersion to success and helped the brands that work with Refersion, like Puravida, Impossible, and 19,000 others remove some of the challenges of influencer marketing that have plagued them for years.

Shibo talks about all of that on this episode of Up Next in Commerce, which was guest-hosted by Albert Chou!

Main Takeaways:

What’s My Motivation: Despite what you might think, cash is not always the biggest motivator for influencers. Some are driven by a desire to be closer to a brand, to explore new products or to get products for free.And Your Total Is…: Total order value, total revenue and total conversions driven are the main metrics that will help you determine how influencers stack up against each other. When you accurately measure those three KPIs, you get a fuller picture of how an influencer is working, and whether or not they are worth continued investment.It’s On You: Rather than vetting influencers before letting them into your affiliate network, Refersion’s strategy is to let anyone in who fills out the form, and then make them prove their worth through their performance. By putting the burden on the self-appointed influencer, brands can focus only on reviewing results and turning affiliate codes on and off based on that.

For an in-depth look at this episode, check out the full transcript below. Quotes have been edited for clarity and length.

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