Are you one of the many people that would like to form multiple streams of income to help pay the bills during these stressful financial times? Among your multiple streams should be residual income streams. Take this quick affiliate marketing test. We are going to warn you, it contains some mathematics. Let’s see how you do, it’s not difficult. Below follow 2 precise real-life promoting strategies. Your job is to work out which one will be more moneymaking in the long term.
In the first, eventuality it takes 100 clicks to make a sale. Each sale pays $100 in commissions. The refund rate is a low 5%. At $.80 per click, what is going to be the return on your primary $100 investment?
In the second scenario it takes the same – one 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 four months. There is also money back rate of 5%, and you will get paid that extra $10 four times. Again, if you pay $.80 per click what will your return on a $100 investment be?
The answer for the 1st example is as follows : it costs you $80 to make one sale. So that means you made $20 but you have to take off 5% for the kickbacks, 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 interprets to a $59 ROI a far more fascinating result!
Residual Income Makes An Enormous Difference!
If you were to examine any Super Affiliate’s promoting model you’ll soon learn the only time they are going to offer a product that pays only once for the first sale, is when they can leverage that sale into making additional cash. Many will provide 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 landing page. What they are giving you for free involved you giving something away for free too! A focused opt-in list is often worth up to five dollars per name each month to its owner. It is quite possible there will be a later upsell offered via an e-mail that gives them the opportunity to earn yet another commission.
Super Affiliates will often focus on promoting products which will seem to only pay an one-time commission, but in truth turn out to pay a major amount in monthly residual income. What you can learn from this exercise is that if an affiliate marketing product does have a continuing opportunity to earn additional income, you should go for it. Does not that make sense? It’s the biggest difference between an overwhelming $59 ROI or a much less electrifying $19 .
Swell Your Income Streams, Let Them Flow into a Stream of Residual Income!
The longest river in the world is the Nile. The only way that 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 space 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 because of all of the tiny tributaries and streams that run into it.
By grasping that many small streams of income can build to create a river of wealth you need to take your affiliate marketing strategies to the next level. Start by promoting products that pay residual monthly income on top of a preliminary commission. Don’t be tempted by other products, these are the ones that may create wealth in the longer term. After some months you will see these tiny streams of income turn into a significant 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 in a position to pay the bills that residual income will shortly build up to be sufficient to cover the bills before you even start on any other income-producing projects.
Tips on How to Start Residual Income Streams
- Start by promoting less expensive products. Less expensive products (under $50) will be more attractive to your market.
- A more advanced tip would be to personalize your promotions with a short 1 min video of you on your lead capture page.
- As you are collecting names from your opt in forms, make sure to follow up with them with a newsletter. That way as time goes on and they get to know you, you can offer other products too.
Remember, affiliate marketing programs are excellent strategies for creating residual income streams to keep you in cash flow and fund your advertising as you are growing you primary online business.
The best affiliate marketing program out there right now is My Lead System Pro. It has high converting, done for you funnels and lead capture pages of many products. It also provides other marketing strategies, training and awesome support. Click HERE to get more information.
Did This help You? If so I’d love to hear from you by leaving a comment below.
P.S. Click here to find out how you can get more Tips, Tricks and Strategies on Building Your Network Marketing Company.
The post Residual Income Streams – Fact or Fiction? appeared first on Lisa R. Fraser.