Are you one of the folks that need to make some residual income to help ease monetary strains that you could be under due to this recession, and maybe in the procedure you want to accrue some real wealth? Here is a fast test on affiliate marketing. Let's see how you do. Here are two affiliate marketing methods, you select which one is better. Let's see if you can decide which one will be more moneymaking?
In one marketing scenario it takes 100 clicks to make a sale. The commission received, once that sale is made, is $100. The normal refund rate for this product is 5%. If you pay 80 cents per click what is going to be the return on your initial $100 investment (did we mention there was maths involved?).
In the second marketing eventuality it in a similar way takes one hundred clicks to make a sale. Each sale offers $100 commission but also gives a monthly residual commission of $10. As shown, there's a five percent refund rate and the average length of the subscription is 4 months. Now, if you pay $.80 per click just like in the 1st example, how much will you make now for your $100 investment?
OK, in the first example it might cost $80 to make one sale. So you would make $20 minus the 5% refund rate therefore 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 inspiring 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% investment return.
Residual Income That Tiny Additional Goes a Great Distance
You can always tell an excellent affiliate's selling model the only time they are going to offer something similar to in the 1st example above, they're 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 strategy of getting your opt in info. They give value for value and that's where the leverage comes in. A targeted opt in list might be worth up to five bucks a month to the list owner. The secret is to offer an upsell later on which naturally gives the opportunity to earn another commission.
The heavy hitters in the affiliate internet marketing business trump that than that, they focus on promoting their products which at first offer an one-time commission but go on to offer 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 . Can you 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 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 large. What you do not see from outer space is all 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 enormous.
Look at your affiliate promotion efforts in the same way, by creating multiple streams of income ; you are creating a stream of wealth. You should start by promoting a bunch of different products that have the benefit of making reoccurring streams of income. Stick to those and nothing else. Ultimately you will be able to chill out and enjoy 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 nothing having to work out what you have to do in order to make money to meet the bills it'll already be there in your account - is the last word in financial security.
In one marketing scenario it takes 100 clicks to make a sale. The commission received, once that sale is made, is $100. The normal refund rate for this product is 5%. If you pay 80 cents per click what is going to be the return on your initial $100 investment (did we mention there was maths involved?).
In the second marketing eventuality it in a similar way takes one hundred clicks to make a sale. Each sale offers $100 commission but also gives a monthly residual commission of $10. As shown, there's a five percent refund rate and the average length of the subscription is 4 months. Now, if you pay $.80 per click just like in the 1st example, how much will you make now for your $100 investment?
OK, in the first example it might cost $80 to make one sale. So you would make $20 minus the 5% refund rate therefore 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 inspiring 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% investment return.
Residual Income That Tiny Additional Goes a Great Distance
You can always tell an excellent affiliate's selling model the only time they are going to offer something similar to in the 1st example above, they're 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 strategy of getting your opt in info. They give value for value and that's where the leverage comes in. A targeted opt in list might be worth up to five bucks a month to the list owner. The secret is to offer an upsell later on which naturally gives the opportunity to earn another commission.
The heavy hitters in the affiliate internet marketing business trump that than that, they focus on promoting their products which at first offer an one-time commission but go on to offer 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 . Can you 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 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 large. What you do not see from outer space is all 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 enormous.
Look at your affiliate promotion efforts in the same way, by creating multiple streams of income ; you are creating a stream of wealth. You should start by promoting a bunch of different products that have the benefit of making reoccurring streams of income. Stick to those and nothing else. Ultimately you will be able to chill out and enjoy 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 nothing having to work out what you have to do in order to make money to meet the bills it'll already be there in your account - is the last word in financial security.
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