Would you want to create a multiple number of residual income streams to assist in easing the monetary stresses affecting you or to even become wealthy in the procedure? Quick affiliate marketing test. Here are a couple actual real world affiliate marketing success systems. Of the two, which is more profit-making?
In the first selling eventuality it takes one hundred clicks to get a sale. The income received when that sale is created is $100. The normal return rate for the product is 5%. If you pay 80 cents per click what's going to be the return on your first $100 investment?
In one selling example it takes a hundred clicks to get a sale. The commission earned when that sale is made is $100. The normal refund rate for the item is five percent. If you pay eighty cents per click what will be the return on your first $100 investment?
OK, in the 1st example it would cost $80 to get one sale. So you would get $20 minus the five percent 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 profit is very much more impressive due to that 4 months worth of recurring income. You would still get the $19 ROI on your primary $100 investment, but here you make that extra $40 a 59% return on investment.
Residual Income - The Difference that Makes a Difference
If you were to look at any good affiliate's promoting model you'll soon find out the only time they will offer a product that pays only once for the original sale is when they can turn that sale into making additional cash in the future. Many will supply a free report or special bonus if you are going to buy this product thru their affiliate link. Leverage comes when they collect your customer information from their selling page. What they are giving you for free concerned you trading something away for free also! A concentrated opt-in list is quite often worth up to 5 bucks per name each month to its owner. It is sort of possible there will be a later upsell offered via an e-mail that gives them the opportunity to earn one more commission.
Or there might come an upsell opportunity later which has the capability to earn another commission. But what you'll notice more frequently is the really good affiliates focus on promoting products or services that not only pay an one-up commission but also provide a major monthly recurring commission. Put simply, if the affiliate promotion product doesn't have a continuity program behind it - most expert affiliates won't give it a second look. Why should they? It is thedifference between time and money.
A Variety of Streams of Residual Income is the Answer to Wealth
The famous River Nile is the longest tributary on this planet. From space you can see it and its 2 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 rivers that run in to the Nile and there are thousands of them. All that water from 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 making multiple streams of passive income; you are making a river of wealth. You should start by promoting a bunch of different products that have got the advantage of creating reoccurring streams of income. Eventually you will be able to sit back and like that stream of income. Imagine starting each month off with a growing amount in the bank without doing a thing! Isn't that the good life?
Seriously, it is so nice when you are never actually starting over or beginning from 0 and hoping that you sell something this time.
In the first selling eventuality it takes one hundred clicks to get a sale. The income received when that sale is created is $100. The normal return rate for the product is 5%. If you pay 80 cents per click what's going to be the return on your first $100 investment?
In one selling example it takes a hundred clicks to get a sale. The commission earned when that sale is made is $100. The normal refund rate for the item is five percent. If you pay eighty cents per click what will be the return on your first $100 investment?
OK, in the 1st example it would cost $80 to get one sale. So you would get $20 minus the five percent 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 profit is very much more impressive due to that 4 months worth of recurring income. You would still get the $19 ROI on your primary $100 investment, but here you make that extra $40 a 59% return on investment.
Residual Income - The Difference that Makes a Difference
If you were to look at any good affiliate's promoting model you'll soon find out the only time they will offer a product that pays only once for the original sale is when they can turn that sale into making additional cash in the future. Many will supply a free report or special bonus if you are going to buy this product thru their affiliate link. Leverage comes when they collect your customer information from their selling page. What they are giving you for free concerned you trading something away for free also! A concentrated opt-in list is quite often worth up to 5 bucks per name each month to its owner. It is sort of possible there will be a later upsell offered via an e-mail that gives them the opportunity to earn one more commission.
Or there might come an upsell opportunity later which has the capability to earn another commission. But what you'll notice more frequently is the really good affiliates focus on promoting products or services that not only pay an one-up commission but also provide a major monthly recurring commission. Put simply, if the affiliate promotion product doesn't have a continuity program behind it - most expert affiliates won't give it a second look. Why should they? It is thedifference between time and money.
A Variety of Streams of Residual Income is the Answer to Wealth
The famous River Nile is the longest tributary on this planet. From space you can see it and its 2 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 rivers that run in to the Nile and there are thousands of them. All that water from 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 making multiple streams of passive income; you are making a river of wealth. You should start by promoting a bunch of different products that have got the advantage of creating reoccurring streams of income. Eventually you will be able to sit back and like that stream of income. Imagine starting each month off with a growing amount in the bank without doing a thing! Isn't that the good life?
Seriously, it is so nice when you are never actually starting over or beginning from 0 and hoping that you sell something this time.
About the Author:
Creating multiple online passive income streams can end your worries. Find out the best way to grow your river at the MLM Business Tips website.
