Are you one of many folk that would like to make multiple streams of income to help pay the bills during these stressful finance times? Take this fast affiliate marketing test we're going to warn you, it contains some mathematics. Let's see how you do, it isn't troublesome. Below follow two precise real-life marketing methods. Your job is to figure out which one will be more moneymaking in the longer term.
In the 1st eventuality it takes one hundred clicks to make a sale. Every sale pays $100 in commissions. The refund rate is a low 5%. At $.80 per click, what will be the return on your first $100 investment?
In the second scenario it takes the same - a hundred clicks to make a sale. That sale also pays a $100 commission, but there is the increased bonus of an extra $10 a month commission for 4 months. There is also a repayment rate of five pc, and you will get paid that additional $10 four times. Again, if you pay $.80 per click what will your return on a $100 investment be?
The answer for the first example is as follows : it costs you $80 to make one sale. So that suggests you made $20 but you must take off five percent for the repayments, leaving you with $19 net profit. 19% is a rather good ROI. In the second example you will still receive $19 in commissions for that initial sale, but you also receive $40 for those four monthly sales. So if you add the $19 to the $40 then you have $59 which interprets to a 59% investment return a far more fascinating outcome!
Residual Income Makes An Enormous Difference!
If you were to look at any Super Affiliate's selling model you'll soon discover the only time they are going to offer a product that pays only once for the original sale, is when they can leverage that sale into making more money. Plenty will supply a free report or special bonus if you are going to buy this product through their affiliate link, where the leverage comes in is when they collect your opt in info from their selling page, what they are giving you for free involved you giving something away for free too! A concentrated opt-in list is quite often worth up to five greenbacks per name each month to its owner. It is sort of possible there will be a later upsell offered via an email that gives them the opportunity to earn yet another commission.
Super Affiliates will often target promoting products that can seem to only pay an one-time commission, but in reality turn out to pay a big amount in monthly residual income. What you can learn from this exercise is if an affiliate marketing product does have a continuing chance to earn additional income, you need to go for it. Does not that make sense? It's the difference between an overwhelming 59% ROI or a far less impressive 19%.
Swell Your Income Streams let them Flow into a River of Residual Income!
The longest river in the world is the Nile. The only possible way you can appreciate the scale of the Nile is by seeing it from outer space. It is awesome. What you don't see when you look down from your starship is that the Nile is what it is because it's fed by thousands of little tributaries. Thousands of them. This large River only exists due to all of the small tributaries and streams that run into it.
By accepting that many small streams of income can build to create a river of wealth you should take your affiliate marketing efforts to a higher level. Begin by promoting products that pay residual monthly income on top of an initial commission. Don't be tempted by other products, these are the ones that may create wealth in the long term. After only a few months you will see these little rivers of income turn into a major flood of income. The fantastic thing about residual monthly income is that you never start a month with nothing in the bank. Imagine that!
No more wondering how much your income will be and whether you'll be able to pay the bills that residual income will soon build up to be sufficient to cover the bills before you even start on any other income-producing projects.
In the 1st eventuality it takes one hundred clicks to make a sale. Every sale pays $100 in commissions. The refund rate is a low 5%. At $.80 per click, what will be the return on your first $100 investment?
In the second scenario it takes the same - a hundred clicks to make a sale. That sale also pays a $100 commission, but there is the increased bonus of an extra $10 a month commission for 4 months. There is also a repayment rate of five pc, and you will get paid that additional $10 four times. Again, if you pay $.80 per click what will your return on a $100 investment be?
The answer for the first example is as follows : it costs you $80 to make one sale. So that suggests you made $20 but you must take off five percent for the repayments, leaving you with $19 net profit. 19% is a rather good ROI. In the second example you will still receive $19 in commissions for that initial sale, but you also receive $40 for those four monthly sales. So if you add the $19 to the $40 then you have $59 which interprets to a 59% investment return a far more fascinating outcome!
Residual Income Makes An Enormous Difference!
If you were to look at any Super Affiliate's selling model you'll soon discover the only time they are going to offer a product that pays only once for the original sale, is when they can leverage that sale into making more money. Plenty will supply a free report or special bonus if you are going to buy this product through their affiliate link, where the leverage comes in is when they collect your opt in info from their selling page, what they are giving you for free involved you giving something away for free too! A concentrated opt-in list is quite often worth up to five greenbacks per name each month to its owner. It is sort of possible there will be a later upsell offered via an email that gives them the opportunity to earn yet another commission.
Super Affiliates will often target promoting products that can seem to only pay an one-time commission, but in reality turn out to pay a big amount in monthly residual income. What you can learn from this exercise is if an affiliate marketing product does have a continuing chance to earn additional income, you need to go for it. Does not that make sense? It's the difference between an overwhelming 59% ROI or a far less impressive 19%.
Swell Your Income Streams let them Flow into a River of Residual Income!
The longest river in the world is the Nile. The only possible way you can appreciate the scale of the Nile is by seeing it from outer space. It is awesome. What you don't see when you look down from your starship is that the Nile is what it is because it's fed by thousands of little tributaries. Thousands of them. This large River only exists due to all of the small tributaries and streams that run into it.
By accepting that many small streams of income can build to create a river of wealth you should take your affiliate marketing efforts to a higher level. Begin by promoting products that pay residual monthly income on top of an initial commission. Don't be tempted by other products, these are the ones that may create wealth in the long term. After only a few months you will see these little rivers of income turn into a major flood of income. The fantastic thing about residual monthly income is that you never start a month with nothing in the bank. Imagine that!
No more wondering how much your income will be and whether you'll be able to pay the bills that residual income will soon build up to be sufficient to cover the bills before you even start on any other income-producing projects.
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