Are you one of the people that need to make some residual income to ease monetary pressures that you could be under due to this recession, and maybe in the procedure 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 internet marketing methods, you select which one is better. Let's see if you can pick which one will be more lucrative?
In one marketing scenario it takes one hundred clicks to make a sale. The commission received, once that sale is made, is $100. The standard refund rate for this product is 5%. If you pay eighty cents per click what is going to be the return on your 1st $100 investment (did we mention there was math involved?).
In the second marketing scenario it similarly takes a hundred clicks to make a sale. Each sale offers $100 commission but also gives a once per month residual commission of $10. As shown, there's a five pc refund rate and the average length of the subscription is four months. Now, if you pay $.80 per click just like in the first example, how much will you make now for your $100 investment?
OK, in the 1st example it might cost $80 to make one sale. So you would make $20 minus the 5% refund rate so ending up with an ROI of $19. That's not such a terrible investment. Now, in the second example you get the same result for the sale -- $80, but your net profit is very much more impressive because of that four months worth of residual income. You would still get the $19 ROI on your primary $100 investment, but here you make that extra $40 a 59% ROI.
Residual Income That Small Additional Goes a Great Distance
You can always tell a super affiliate's marketing model the single time they'll offer something similar to in the 1st example above, they will find a technique to leverage that sale. Most of them will offer a free report, a bonus, or a kind of review simply as a way of getting your opt in info. They give worth for value and that's where the leverage comes in. A focused opt in list could be worth up to five dollars a month to the list owner. The secret is to supply an upsell later , which of course gives the chance to earn another commission.
The heavy hitters in the affiliate internet marketing business play a trump than that, they target promoting their products which initially supply an one-time commission but go on to supply an upsell to something that offers a monthly residual income, such as a membership site. So that the key to the best affiliate marketing opportunities isn't about the first commission, it's about what follows later on. Can you blame them? In the example above, it's the most notable difference between 19% and 59% return on investment.
The Secret to Prosperity is Multiple Streams of Residual Income
The famous Stream Nile is the longest stream 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 of the thousands of tiny streams and streams that run in to the Nile and there are many thousands of them. All that water in those thousands of tiny streams is what converges to make the Nile so large.
Look at your affiliate promotion efforts in the same way, by making multiple streams of income ; you are making a brook of wealth. You must begin by promoting a number of different products that have the benefit of making recurring streams of income. Stick to those and nothing else. Ultimately you will be able to kick back and like that river of income. Imagine beginning each month off with a growing amount in the bank without doing a thing! Isn't the ideal eventuality?
You may never start the month from scratch having to work out what you have to do to make money to meet the bills it'll already be there in your account - is the ultimate in monetary security.
In one marketing scenario it takes one hundred clicks to make a sale. The commission received, once that sale is made, is $100. The standard refund rate for this product is 5%. If you pay eighty cents per click what is going to be the return on your 1st $100 investment (did we mention there was math involved?).
In the second marketing scenario it similarly takes a hundred clicks to make a sale. Each sale offers $100 commission but also gives a once per month residual commission of $10. As shown, there's a five pc refund rate and the average length of the subscription is four months. Now, if you pay $.80 per click just like in the first example, how much will you make now for your $100 investment?
OK, in the 1st example it might cost $80 to make one sale. So you would make $20 minus the 5% refund rate so ending up with an ROI of $19. That's not such a terrible investment. Now, in the second example you get the same result for the sale -- $80, but your net profit is very much more impressive because of that four months worth of residual income. You would still get the $19 ROI on your primary $100 investment, but here you make that extra $40 a 59% ROI.
Residual Income That Small Additional Goes a Great Distance
You can always tell a super affiliate's marketing model the single time they'll offer something similar to in the 1st example above, they will find a technique to leverage that sale. Most of them will offer a free report, a bonus, or a kind of review simply as a way of getting your opt in info. They give worth for value and that's where the leverage comes in. A focused opt in list could be worth up to five dollars a month to the list owner. The secret is to supply an upsell later , which of course gives the chance to earn another commission.
The heavy hitters in the affiliate internet marketing business play a trump than that, they target promoting their products which initially supply an one-time commission but go on to supply an upsell to something that offers a monthly residual income, such as a membership site. So that the key to the best affiliate marketing opportunities isn't about the first commission, it's about what follows later on. Can you blame them? In the example above, it's the most notable difference between 19% and 59% return on investment.
The Secret to Prosperity is Multiple Streams of Residual Income
The famous Stream Nile is the longest stream 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 of the thousands of tiny streams and streams that run in to the Nile and there are many thousands of them. All that water in those thousands of tiny streams is what converges to make the Nile so large.
Look at your affiliate promotion efforts in the same way, by making multiple streams of income ; you are making a brook of wealth. You must begin by promoting a number of different products that have the benefit of making recurring streams of income. Stick to those and nothing else. Ultimately you will be able to kick back and like that river of income. Imagine beginning each month off with a growing amount in the bank without doing a thing! Isn't the ideal eventuality?
You may never start the month from scratch having to work out what you have to do to make money to meet the bills it'll already be there in your account - is the ultimate in monetary security.
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