Are you one of the people that need to make some residual income to assist in easing monetary pressures that you may be under due to this recession, and maybe in the procedure you want to collect some real wealth? Here's a fast test on affiliate marketing. Let's see how you do.
The following are two internet marketing systems, you select which one is better. Let's see if you can pick which one will be more lucrative?
It takes 100 clicks to make a sale. Each sale pays a $100 one-time commission. There's a five pc refund rate. If you pay $0.80 per click, what amount of money will you make per $100 investment?
In the second selling scenario it similarly takes 100 clicks to make a sale. Every 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 exactly as in the first example, how much will you make now for your $100 investment?
The answer for the 1st example is like this : it costs you $80 to make one sale. So that implies you made $20 but you have to take off five pc for the kickbacks, leaving you with $19 net profit. 19% is a pretty 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 much more fascinating result!
Residual Income - The Difference that Makes a Difference
If you were to look at any Super Affiliate's marketing model you'll soon discover the only time they will offer a product that pays only once for the initial sale, is when they can leverage that sale into making additional cash. Many will offer a free report or special bonus if you purchase this product through their affiliate link, where the leverage comes in is when they collect your opt in info from their landing-page, what they are giving you for free concerned you giving something away for free too! A focused opt in list is quite often worth up to 5 greenbacks per name each month to its owner. It is sort of possible there will be a later upsell offered through an email that gives them the chance to earn one more commission.
The heavy hitters in the affiliate marketing business go one better than that, they focus on promoting their products which initially supply an one off commission but go on to offer an upsell to something that provides a monthly residual income,eg a membership site.
So the key to the best affiliate marketing opportunities isn't about the first commission, it's about what follows later . Can you blame them? In the example, it's the difference between 19% and 59% return on investment.
The Secret to Prosperity is Multiple Streams of Residual Income
The longest brook in the world is the Nile. The only way that you can appreciate the dimensions of the Nile is by seeing it from outer space. It is awesome. What you do not see when you look down from your spaceship is that the Nile is what it is because it's fed by thousands of small tributaries. Thousands of them. This huge River only exists due to all the tiny tributaries and streams that run into it.
By understanding that many small streams of income can build to form a brook of wealth you should take your affiliate marketing efforts to the next level. Begin by promoting products that pay residual monthly income on top of an initial commission. Don't feel tempted by other products, these are the ones which will create wealth in the long run. After just a few months you will see these little brooks of income turn into a serious flood of income. The beauty of residual monthly income is that you never start a month with nothing in the bank. Imagine that!
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