We've had loads of questions from affiliates about the Yes Loans program on the network so I thought I'd put up a post answering all of the common one's so the info is available to all.
The most common questions asked so far are:
What qualifies as a valid lead and when do I get paid the commission?
It's pretty simple really...a valid lead is anyone who fulfills the following minimum criteria.
UK resident
works minimum of 15 hours a week (so yes students do qualify
)
they have completed the enquiry form themselves
they can be contacted within 7 days of Yes Loans receiving their enquiry
If an enquiry conforms to the above criteria, the lead will be approved asap (maximum amount of time is 14 days) and paid out in the next appropriate payment run. The program is setup on prepayment so all commissions are paid out as soon as they are approved.
How does the program convert?
While its still early days, so far we've seen some very healthy stats on the program. CTR's are upwards of 20%. And EPC's as high as £1.10 (with the average being about £0.85).
What products do Yes Loans offer?
I think the program description sums it up best (so there's a little copy/paste below):
"Yes Loans arranges unsecured loans for both homeowners and tenants, whatever their credit history. We even arrange loans for students and people living with their parents. We specialise in helping those that have been refused by high street lenders and those suffering with credit difficulties such as CCJs, defaults or mortgage arrears"
I thought loans were more popular after Christmas? Why should I promote them now?
Ah!! The million dollar question...
Yup, its true loans are very popular after Christmas. BUT...unsecured loans are also exceptionally popular in the run up to the big day.
This is because October and November see the start of the Christmas shopping season. Christmas is a very expensive time of year and borrowing sky rockets during the shopping season to cover the extra expenditure which is sure to come.
With the UK borrowing stats increasing year on year, and there are still busy periods at specific times of the year, there isn't a 'finance season' like there used to be.
Promoting Yes Loans now will not only have them established on your sites come January but will also allow you to capitalise on customers looking to borrow for the sake of spending in the Christmas shopping season.
Obviously there are loads of other questions we've received (sorry if I've left any important ones out).
If you've been thinking of joining the program, any other info should be available from our
signup page
Alternatively, please visit the
Yes Loans site for info about the company.
If there are any questions you'd like an answer to...please feel free to give me a shout.
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