An Affiliate Referral Contract is a powerful agreement that enables sellers to share their earnings with an affiliate manager or joint venture broker who helped them bring in new affiliates. This type of contract is especially useful for sellers who want to boost their product sales and expand their reach through affiliate marketing.
With an Affiliate JV Contract, a seller can partner with an individual or entity that has multiple affiliates to promote their products. This partnership allows the seller to tap into a broader audience and increase their sales revenue. The affiliate manager or joint venture broker typically earns a commission on the sales generated by their affiliates. By using this type of agreement, both parties can benefit from the partnership, resulting in increased revenue and a more significant market presence.
Here are the steps to create an Affiliate Referral Contract:
Step 1: Log into your Explodely seller account using the link: https://explodely.com/seller/signin
Step 2: Go to Accounts-> Contracts-> Create Contract.
When you fill out the Contact form, you'll need to provide the following information:
Contract Name: This is the name of your contract.
Contract Type: Choose Affiliate Referral Contract from the options provided.
Partner Username: Enter the Explodely username of the person or entity you want to enter into the contract with.
Product: Select the product(s) you want to create the contract for. You have the option to choose All also.
Commission %: This is the percentage of revenue you will share with your partner in the contract.
Start Date: Specify the date when the contract will take effect.
End Date: Set the date when the contract will expire.
Max Earnings: This field is optional. If you enter a value here, the contract will expire when the set earnings amount is met.
Max Sales: This field is optional. If you enter a value here, the contract will expire when the set number of sales is met.
Comments: Use this field to add any additional comments you want to include. Note that only you will be able to see these comments.
Mutual Termination: Set this to Yes if you want to terminate the contract with a mutual agreement before the set end date, Max Earning, and sales requirements are met.
By providing this information, you can create an Affiliate Referral Contract that clearly outlines the terms of your agreement and helps ensure that both parties benefit from the venture.
Step 4: Once the contract is created, the other party has to approve the contract for it to become active.
Step 5: Once the contract is active, you can proceed to add the Explodely usernames of the affiliates who have been referred to promote your product. These would be visible to the party you have got in affiliate referral contract with.
When these affiliates successfully promote and sell your products, the other party with whom you signed the contract will receive a percentage of the earnings that you agreed upon in the contract.
The contract will automatically terminate when it reaches the Max Sale or Max Earning threshold or it has expired but if you have set it to be terminated by mutual agreement, you can terminate the contract anytime by clicking Terminate Contract.