Are you one of the folks that need to make some residual income to help ease monetary pressures that you could be under due to this recession, and maybe in the act you want to collect some real wealth? Here is a fast test on affiliate marketing. Let's see how you do. These are 2 affiliate marketing strategies, you choose which one is better. Let's see if you can choose which one will be more moneymaking?
In one selling eventuality it takes 100 clicks to make a sale. The commission received once that sale is formed is $100. The normal refund rate for the product is 5%. If you pay 80 cents per click what will be the return on your 1st $100 investment (did we mention there had been maths involved?).
In the second selling eventuality it likewise takes 100 clicks to make a sale. Every sale offers $100 commission but also gives a once a month residual commission of $10. As above, there's a 5% refund rate and the average length of the subscription is 4 months. Now, if you pay $.80 per click exactly as in the 1st example, how much will you make now for your $100 investment?
O.K, in the first example it would cost $80 to make one sale. So you would make $20 minus the five pc refund rate thus ending up with an ROI of $19. That is not such a terrible investment. Now, in the second example you get the same result for the sale -- $80, but your net profit is a great deal more impressive because of that 4 months worth of residual income. You'd still get the $19 ROI on your primary $100 investment, but here you make that additional $40 a 59% ROI.
Residual Income That Little Extra Goes a Ways
You can always tell a superb affiliate's selling model the only time they'll offer something similar to in the 1st example above, they're going to find a method to leverage that sale. Many of them will offer a free report, a bonus, or a type of review simply as a strategy of obtaining your opt in info they give worth for value and that's where the leverage comes in. A focused opt in list might be worth up to 5 bucks a month to the list owner. The key's to provide an upsell later , which naturally gives the chance to earn another commission.
The heavy hitters in the affiliate internet marketing business go one better than that, they target promoting their products which initially supply an one off commission but go on to supply an upsell to something that provides a monthly residual income, for example a membership site. So the key to the best affiliate promotion opportunities is not about the first commission, it's about what follows later on. Are you able to blame them? In the example, it's the most notable difference between 19% and 59% investment return.
The Secret to Prosperity is Multiple Streams of Residual Income
The famous Brook Nile is the longest river on this planet. If you look down from space you can see it and its 2 main tributaries quite obviously. Yes, it is that large. What you do not see from outer space is all the thousands of small streams and brooks that run in to the Nile and there are thousands of them. All that water in those thousands of tiny streams is what converges to make the Nile so enormous.
Look at your affiliate promotion efforts in the same way, by making multiple streams of income ; you are making a river of wealth. You need to start by promoting a bunch of different products that have the benefit of creating re-occurring streams of income. Stick to those and nothing else. Ultimately you will be able to chill out and enjoy that brook of income. Imagine beginning each month off with a growing amount in the bank without doing a thing! Isn't that the ideal eventuality?
You will never start the month from nothing having to figure out what you've got to do to make money to meet the bills it will already be there in your account - is the ultimate in economic security.
In one selling eventuality it takes 100 clicks to make a sale. The commission received once that sale is formed is $100. The normal refund rate for the product is 5%. If you pay 80 cents per click what will be the return on your 1st $100 investment (did we mention there had been maths involved?).
In the second selling eventuality it likewise takes 100 clicks to make a sale. Every sale offers $100 commission but also gives a once a month residual commission of $10. As above, there's a 5% refund rate and the average length of the subscription is 4 months. Now, if you pay $.80 per click exactly as in the 1st example, how much will you make now for your $100 investment?
O.K, in the first example it would cost $80 to make one sale. So you would make $20 minus the five pc refund rate thus ending up with an ROI of $19. That is not such a terrible investment. Now, in the second example you get the same result for the sale -- $80, but your net profit is a great deal more impressive because of that 4 months worth of residual income. You'd still get the $19 ROI on your primary $100 investment, but here you make that additional $40 a 59% ROI.
Residual Income That Little Extra Goes a Ways
You can always tell a superb affiliate's selling model the only time they'll offer something similar to in the 1st example above, they're going to find a method to leverage that sale. Many of them will offer a free report, a bonus, or a type of review simply as a strategy of obtaining your opt in info they give worth for value and that's where the leverage comes in. A focused opt in list might be worth up to 5 bucks a month to the list owner. The key's to provide an upsell later , which naturally gives the chance to earn another commission.
The heavy hitters in the affiliate internet marketing business go one better than that, they target promoting their products which initially supply an one off commission but go on to supply an upsell to something that provides a monthly residual income, for example a membership site. So the key to the best affiliate promotion opportunities is not about the first commission, it's about what follows later on. Are you able to blame them? In the example, it's the most notable difference between 19% and 59% investment return.
The Secret to Prosperity is Multiple Streams of Residual Income
The famous Brook Nile is the longest river on this planet. If you look down from space you can see it and its 2 main tributaries quite obviously. Yes, it is that large. What you do not see from outer space is all the thousands of small streams and brooks that run in to the Nile and there are thousands of them. All that water in those thousands of tiny streams is what converges to make the Nile so enormous.
Look at your affiliate promotion efforts in the same way, by making multiple streams of income ; you are making a river of wealth. You need to start by promoting a bunch of different products that have the benefit of creating re-occurring streams of income. Stick to those and nothing else. Ultimately you will be able to chill out and enjoy that brook of income. Imagine beginning each month off with a growing amount in the bank without doing a thing! Isn't that the ideal eventuality?
You will never start the month from nothing having to figure out what you've got to do to make money to meet the bills it will already be there in your account - is the ultimate in economic security.
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