Are you one of the many people looking to generate multiple streams of income to help pay the bills in this down economy? Take a quick test, don’t worry if there’s some math involved. Let’s see how you do, it’s not tricky. In the article below are 2 real-world selling situations. Your job is to figure out which one will generate more income in the long run.
Say for example it takes a 100 clicks to make a sale. The commission made on that sale is $100. The average refund rate for this product is 5%. If you pay $0.80 cents per click what is going to be the return on your first$100 investment (did we mention there was math involved?).
In the second scenario it also takes a 100 clicks to make a sale. That sale also pays a $100 commission, there is however an addon bonus of an additional $10 a month for 4 months. There’s also a refund rate of 5%, and you’ll 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 like this; it costs you $80 to make one sale. So that means you made $20 but you must take off 5% because of refunds, leaving you with $19 net profit. 19% is a good ROI. In the second example you will still receive $19 in commissions for that initial sale, but you also receive $40 for those 4 monthly sales. So if you add the $19 to the $40 then you have $59 which translates to a 59% ROI which is a much more desirable result!
Residual Income – The Difference That Makes A Difference
You can always figure out a super affiliate’s income model because they’ll offer something like what we explained in the example above, they’re going to find a way to leverage that sale. Most of them will offer a free report, a bonus, or a 5-day bootcamp which is just a strategy they use to get you to optin and give up your name and email.
A targeted opt-in list may be worth up to $5 a month to the list owner. The key is to offer an upsell later on which will give them a chance to earn another commission.
A lot of the time super affiliates will promote products which appear to only pay a one-time commission, but in reality will generate a good chunk of change in monthly residual income. What you can learn from what I have just said is that if an affiliate product does give you an opportunity to earn extra income on a monthly basis, go for it! Doesn’t that make sense? It’s the difference between a 59% return on incvestment or a far less enticing 19%.
The Key To ProsperityIs Multiple Streams Of Income
The famous Nile River is the longest river on earth. If you were to look down from outer space you would see its two main tributaries quite clearly. Yes, it’s that large.
What you don’t see from outer space is all of the thousands of little streams and rivers that run in to the Nile, there are literally thousands of them. All that water in those thousands of little streams is what converges to make the Nile so big and gigantic.
Understanding that those tiny income streams can create you real wealth can take your affiliate marketing strategy to the next level. Begin by selling products that pay you on an initial sale but generate you residual income on the backend. Don’t be tempted by products that only generate you income in the long run. After just a few months you’ll see these little streams of income turn into a significant flood of income. The great thing about residual income is the fact that you’ll never start a month with nothing in the bank. Imagine that!
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P.S.You’re probably wondering how I learned all this online marketing stuff. All I did was follow a system, it’s really not hard if you have a system, get the system I use here