Are you one of the people that need to make some residual income to ease monetary strains that you could be under due to this recession, and perhaps in the act you want to accumulate some real wealth? Here's a fast test on affiliate marketing. Let's see how you do. Here are two affiliate marketing systems, you choose which one is better. Let's see if you can choose which one will be more lucrative?
In one marketing eventuality it takes 100 clicks to make a sale. The commission received, once that sale is made, is $100. The ordinary refund rate for this product is 5%. If you pay 80 cents per click what's going to be the return on your first $100 investment (did we mention there was mathematics involved?).
In the second marketing scenario it similarly takes a 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's a five percent refund rate and the average length of the subscription is 4 months. Now, if you pay $.80 per click as in the first example, how much will you make now for your $100 investment?
OK, 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's not a bad investment. Now, in the second example you get the same result for the sale -- $80, but your net profit is far more galvanizing due to that 4 months worth of residual income. You would still get the $19 ROI on your 1st $100 investment, but here you make that additional $40 a 59% return on investment.
Residual Income That Small Extra Goes a Ways
You can always tell an excellent affiliate's promoting model the one time they will offer something like in the 1st example above, they are going to find a technique to leverage that sale. Many of them will be offering a free report, a bonus, or a kind of review simply as a means of obtaining your opt in info. They give value for value and that's where the leverage comes in. A concentrated opt in list might be worth up to five greenbacks a month to the list owner. The key is to offer an upsell later on which of course gives the chance to earn another commission.
The heavy hitters in the affiliate internet marketing business trump that than that, they concentrate on promoting their products which initially provide an one-time commission but go on to offer an upsell to something that gives a monthly residual income,eg 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, it's the difference between 19% and 59% ROI.
The Secret to Wealth is Multiple Streams of Residual Income
The famous Brook Nile is the longest brook on this planet. If you look down from space you can see it and its two main tributaries quite clearly. Yes, it is that big. What you do not see from outer space is all of 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 little streams is what converges to make the Nile so gigantic.
Look at your affiliate marketing efforts in the same way, by making multiple streams of income ; you are creating a river of wealth. You must begin by promoting a number of different products that have the advantage of making reoccurring streams of income. Stick to those and nothing else. Ultimately you will be able to kick back and like that brook of income. Imagine starting every month off with a growing amount in the bank without doing a thing! Isn't that the ideal eventuality?
You'll never start the month from the start having to work out what you've got to do to make cash to meet the bills it'll already be there in your account - is the ultimate in financial security.
In one marketing eventuality it takes 100 clicks to make a sale. The commission received, once that sale is made, is $100. The ordinary refund rate for this product is 5%. If you pay 80 cents per click what's going to be the return on your first $100 investment (did we mention there was mathematics involved?).
In the second marketing scenario it similarly takes a 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's a five percent refund rate and the average length of the subscription is 4 months. Now, if you pay $.80 per click as in the first example, how much will you make now for your $100 investment?
OK, 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's not a bad investment. Now, in the second example you get the same result for the sale -- $80, but your net profit is far more galvanizing due to that 4 months worth of residual income. You would still get the $19 ROI on your 1st $100 investment, but here you make that additional $40 a 59% return on investment.
Residual Income That Small Extra Goes a Ways
You can always tell an excellent affiliate's promoting model the one time they will offer something like in the 1st example above, they are going to find a technique to leverage that sale. Many of them will be offering a free report, a bonus, or a kind of review simply as a means of obtaining your opt in info. They give value for value and that's where the leverage comes in. A concentrated opt in list might be worth up to five greenbacks a month to the list owner. The key is to offer an upsell later on which of course gives the chance to earn another commission.
The heavy hitters in the affiliate internet marketing business trump that than that, they concentrate on promoting their products which initially provide an one-time commission but go on to offer an upsell to something that gives a monthly residual income,eg 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, it's the difference between 19% and 59% ROI.
The Secret to Wealth is Multiple Streams of Residual Income
The famous Brook Nile is the longest brook on this planet. If you look down from space you can see it and its two main tributaries quite clearly. Yes, it is that big. What you do not see from outer space is all of 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 little streams is what converges to make the Nile so gigantic.
Look at your affiliate marketing efforts in the same way, by making multiple streams of income ; you are creating a river of wealth. You must begin by promoting a number of different products that have the advantage of making reoccurring streams of income. Stick to those and nothing else. Ultimately you will be able to kick back and like that brook of income. Imagine starting every month off with a growing amount in the bank without doing a thing! Isn't that the ideal eventuality?
You'll never start the month from the start having to work out what you've got to do to make cash to meet the bills it'll already be there in your account - is the ultimate in financial security.
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