Are you one of the people that need to make some residual income to help ease monetary pressures that you may be under due to this recession, and perhaps in the act you want to accrue some real wealth? Here's a quick test on affiliate marketing. Let's see how you do. The following are 2 internet marketing systems, you choose which one is better. Let's see if you can choose which one will be more lucrative?
In one selling scenario it takes 100 clicks to make a sale. The commission received, once that sale is created, is $100. The standard 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 mathematics 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 monthly residual commission of $10. As above, there's a five pc 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?
Okay, in the first example it would 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 such a bad investment. Now, in the second example you get the same result for the sale -- $80, but your net profit is very much more inspiring because of that 4 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% investment return.
Residual Income That Little Extra Goes a Ways
You can always tell an excellent affiliate's marketing model the one time they will offer something similar to in the first example above, they're going to find a method to leverage that sale. Most 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 price for price and that's where the leverage comes in. A targeted opt-in list could be worth up to 5 dollars a month to the list owner. The key's to offer an upsell later on which naturally gives the opportunity to earn another commission.
The heavy hitters in the affiliate marketing business play a trump than that, they concentrate on promoting their products which initially supply an one-time commission but go on to offer an upsell to something that gives a monthly residual income, such as a membership site. So the key to the best affiliate promotion opportunities is not about the original commission, it's about what follows later . Are you able to blame them? In the above example, it's the 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 two main tributaries quite obviously. Yes, it is that big. What you do not see from outer space is all of the thousands of little streams and brooks that run in to the Nile and there are countless thousands of them. All that water in those thousands of little 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 stream of wealth. You need to begin by promoting numerous different products that have the benefit of making recurring streams of income. Stick to those and nothing else. Eventually you'll be able to kick back and like that river 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 nothing having to figure out what you have 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 scenario it takes 100 clicks to make a sale. The commission received, once that sale is created, is $100. The standard 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 mathematics 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 monthly residual commission of $10. As above, there's a five pc 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?
Okay, in the first example it would 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 such a bad investment. Now, in the second example you get the same result for the sale -- $80, but your net profit is very much more inspiring because of that 4 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% investment return.
Residual Income That Little Extra Goes a Ways
You can always tell an excellent affiliate's marketing model the one time they will offer something similar to in the first example above, they're going to find a method to leverage that sale. Most 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 price for price and that's where the leverage comes in. A targeted opt-in list could be worth up to 5 dollars a month to the list owner. The key's to offer an upsell later on which naturally gives the opportunity to earn another commission.
The heavy hitters in the affiliate marketing business play a trump than that, they concentrate on promoting their products which initially supply an one-time commission but go on to offer an upsell to something that gives a monthly residual income, such as a membership site. So the key to the best affiliate promotion opportunities is not about the original commission, it's about what follows later . Are you able to blame them? In the above example, it's the 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 two main tributaries quite obviously. Yes, it is that big. What you do not see from outer space is all of the thousands of little streams and brooks that run in to the Nile and there are countless thousands of them. All that water in those thousands of little 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 stream of wealth. You need to begin by promoting numerous different products that have the benefit of making recurring streams of income. Stick to those and nothing else. Eventually you'll be able to kick back and like that river 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 nothing having to figure out what you have 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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