New: Affiliate Bonus
Available in the Professional plan
This function is designed for merchants to encourage their affiliates to reach a target of referrals, sales or commissions.
When an affiliate reaches that set target, they will receive an additional Affiliate Bonus.
Not only encouraging your affiliates to pursue the goal but this function will also make your affiliate program more lucrative on the market; and more attractive to top talents. Overall, it will boost your total sales and profits.
In order to set up a Bonus rule, simply click Coupons and tools on the left menu > choose Bonuses > click on Add bonus button.
Once you're on the Add Bonus page, please go through each field and fill out its information to create your desired Bonus rule.
First of all, please input a title/name for the Bonus rule. After that, select the Program(s) that you would like to give bonuses for affiliates in these programs automatically when they reach the target.
Next, kindly choose the Target type, which could be the Number of referrals, Total sales, or Total commission. Once the target type is selected, input an amount for the Target amount.
In the example above, the affiliates in 2 programs: Standard Affiliate Commission and Level 2 will receive bonuses when they reach the target of 20 referrals.
Note: If you would like to give bonuses to affiliates immediately when they join the program and get approved, please set the Target amount = 0.
The condition is complete, now we will move on to the Bonus rule. You can choose to pay One-time bonus or Recurring bonus (Monthly, Quarterly, Yearly) on the Period field.
If you choose Period is One-time, the system will count referrals for affiliates and pay them one time only when they reach the target. There is a checkbox for Count current and future sales in case you want the system to include past sales of the affiliates, which have been recorded in the app before the bonus rule is created, as well as future sales to give a bonus when the target is achieved.
In case you would like to give bonuses to affiliates periodically, you can choose one of these options. Please then select the First payment date, on which the system will automatically generate a bonus referral for the first time on that date if affiliates meet the target. After the first payment date, the next payment date will occur on a monthly/quarterly/yearly basis based on your choice.
For example, if the First payment date is August 24, 2022, the next bonus date will be September 24, 2022.
Once you're done with selecting Period, kindly choose Bonus type and Bonus amount. The Bonus type can be a Fixed amount or Percentage, which will be calculated based on the Target sales and commission you set above.
Note: If the Target type is Number of referrals, you can only choose Fixed amount as the Bonus type. The same to Target amount = 0, the Period can only be One-time and Bonus type is Fixed amount.
While you set up the Bonus rule, you can check for the side Note and Example on the right, which will be displayed based on your real decision so that you can check if this bonus rule is desired for your program.
When affiliates achieve the target, a bonus referral will be automatically generated and credited to that affiliate with the Tracking type of Performance bonus.
There is also an auto-comment added for this Performance bonus to explain how this bonus referral is generated (for reaching a target of 20 referrals, for example) so you and your affiliates could know.