Are you one of the people that need to make some residual income to help ease financial pressures that you could be under due to this recession, and perhaps in the act you would like to collect some real wealth? Here's a quick test on affiliate marketing. Let's see how you do. Here are 2 affiliate marketing methods, you select which one is better. Let's see if you can decide which one will be more profitable?
In one selling eventuality it takes one hundred clicks to make a sale. The commission received, once that sale is created, is $100. The ordinary refund rate for this product is five percent. If you pay eighty cents per click what's going to be the return on your initial $100 investment (did we mention there had been mathematics involved?).
In the second selling eventuality it in a similar way takes one hundred clicks to make a sale. Every sale offers $100 commission but also gives a once a month residual commission of $10. As indicated, there is a 5% refund rate and the average length of the subscription is four months. Now, if you pay $.80 per click as in the first example, how much will you make now for your $100 investment?
O.K, in the 1st example it might cost $80 to make one sale. So you would make $20 minus the five percent refund rate thus ending up with an ROI of $19. That is not a bad 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 due to that 4 months worth of residual income. You'd still get the $19 ROI on your initial $100 investment, but here you make that additional $40 a 59% investment return.
Residual Income That Little Additional Goes a Long Way
You can always tell a super affiliate's promoting model the single time they will offer something similar to in the 1st example above, they will find a method to leverage that sale. Many of them will be offering a free report, a bonus, or some kind of review simply as a means of obtaining your opt in information. They give worth for worth and that's where the leverage comes in. A focused opt-in list might be worth up to five greenbacks a month to the list owner. The key's to supply an upsell later on which of course gives the opportunity to earn another commission.
The heavy hitters in the affiliate marketing business play a trump than that, they focus on promoting their products which at first supply an one off commission but go on to supply an upsell to something that gives a monthly residual income, for example a membership site. So that the key to the best affiliate marketing opportunities isn't about the original commission, it's about what follows later on. Are you able to blame them? In the example above, it's the difference between 19% and 59% investment return.
The Secret to Wealth is Multiple Streams of Residual Income
The famous Stream Nile is the longest brook on this planet. If you look down from space you can see it and its 2 main tributaries quite obviously. Yes, it is that big. What you do not see from outer space is all the thousands of little streams and streams that run in to the Nile and there are thousands of them. All that water in those thousands of small streams is what converges to make the Nile so enormous.
Look at your affiliate marketing efforts in the same way, by creating multiple streams of income ; you are making a brook of wealth. You need to start by promoting a number of different products that have the benefit of making reoccurring streams of income. Stick to those and nothing else. Ultimately you'll be able to chill out and like that stream of income. Imagine beginning every month off with a growing amount in the bank without doing a thing! Isn't the ideal eventuality?
You will never start the month from the start having to figure out what you have got to do in order to make money to meet the bills it will already be there in your account - is the last word in economic security.
In one selling eventuality it takes one hundred clicks to make a sale. The commission received, once that sale is created, is $100. The ordinary refund rate for this product is five percent. If you pay eighty cents per click what's going to be the return on your initial $100 investment (did we mention there had been mathematics involved?).
In the second selling eventuality it in a similar way takes one hundred clicks to make a sale. Every sale offers $100 commission but also gives a once a month residual commission of $10. As indicated, there is a 5% refund rate and the average length of the subscription is four months. Now, if you pay $.80 per click as in the first example, how much will you make now for your $100 investment?
O.K, in the 1st example it might cost $80 to make one sale. So you would make $20 minus the five percent refund rate thus ending up with an ROI of $19. That is not a bad 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 due to that 4 months worth of residual income. You'd still get the $19 ROI on your initial $100 investment, but here you make that additional $40 a 59% investment return.
Residual Income That Little Additional Goes a Long Way
You can always tell a super affiliate's promoting model the single time they will offer something similar to in the 1st example above, they will find a method to leverage that sale. Many of them will be offering a free report, a bonus, or some kind of review simply as a means of obtaining your opt in information. They give worth for worth and that's where the leverage comes in. A focused opt-in list might be worth up to five greenbacks a month to the list owner. The key's to supply an upsell later on which of course gives the opportunity to earn another commission.
The heavy hitters in the affiliate marketing business play a trump than that, they focus on promoting their products which at first supply an one off commission but go on to supply an upsell to something that gives a monthly residual income, for example a membership site. So that the key to the best affiliate marketing opportunities isn't about the original commission, it's about what follows later on. Are you able to blame them? In the example above, it's the difference between 19% and 59% investment return.
The Secret to Wealth is Multiple Streams of Residual Income
The famous Stream Nile is the longest brook on this planet. If you look down from space you can see it and its 2 main tributaries quite obviously. Yes, it is that big. What you do not see from outer space is all the thousands of little streams and streams that run in to the Nile and there are thousands of them. All that water in those thousands of small streams is what converges to make the Nile so enormous.
Look at your affiliate marketing efforts in the same way, by creating multiple streams of income ; you are making a brook of wealth. You need to start by promoting a number of different products that have the benefit of making reoccurring streams of income. Stick to those and nothing else. Ultimately you'll be able to chill out and like that stream of income. Imagine beginning every month off with a growing amount in the bank without doing a thing! Isn't the ideal eventuality?
You will never start the month from the start having to figure out what you have got to do in order to make money to meet the bills it will already be there in your account - is the last word in economic security.
About the Author:
Discover a system designed to enhance your ability to earn income from residual income streams. Take advantage of a team willing to help you succeed faster.
No comments:
Post a Comment