Tiered Affiliate Rates
The Tiered Affiliate Rates add-on for AffiliateWP is for business owners to incentivize their affiliates offering higher commission rates based on the number of paid referrals or total paid affiliate earnings. This add-on provides a way to create tiered commission structures, which can encourage affiliates to work harder to convert more sales and earn higher commission rates.
To use the Tiered Affiliate Rates add-on, you must have a Professional license level or higher for AffiliateWP and have it installed and activated on your WordPress site. Once activated, navigate to AffiliateWP > Settings and click on the Tiered Rates tab to configure the settings. You can add as many or as few tiers as you wish, based on the number of paid referrals or total paid affiliate earnings.
The referral rate type (percentage or flat rate) will be based on your global setting in AffiliatesWP > Settings > General. Tiers consist of four options:
- Referral count tiers: Set commission rates based on the number of paid referrals.
- Earnings tiers: Set commission rates based on the total amount earned from paid referrals.
- Referral count and earnings tiers: Set commission rates based on a combination of the number of paid referrals and total amount earned.
- Earnings and referral count tiers: Set commission rates based on a combination of total amount earned and the number of paid referrals.
Follow these steps to set up your tiered rates:
- Choose the tier type (referral count, earnings, referral count and earnings, or earnings and referral count).
- Enter the minimum referral count or earnings required to reach each tier.
- Enter the commission rate for each tier.
- Save your changes.
The affiliate will only be bumped up to the next tier once they have met the specific threshold based on referrals with a Paid status. When the threshold has been met, the new referral rate will apply to the next referral commission earned, not retroactively to previous referrals.
You can enable the Tiered Rate Expiration option to reset tiered affiliate rates on the 1st of every month. This can be useful if you want to encourage affiliates to maintain a consistent level of performance over time.
When using the Tiered Affiliate Rates add-on, it’s important to understand the hierarchy of referral rates. The tiered rates will override the global referral rate, per-category referral rates, and per-product referral rates. However, a per-affiliate rate set in the Edit Affiliate screen will override all other referral rates for that specific affiliate.
Summary
In summary, the Tiered Affiliate Rates add-on for AffiliateWP offers a powerful way to incentivize your affiliates and grow your revenue. By offering higher commission rates based on performance, you can encourage affiliates to work harder to promote your products and services, ultimately leading to increased sales and revenue for your business.
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