Affiliate Revenue Information |
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Backend Profit Secrets and Viral Marketing
Once you truly understand the power of backend profits,you'll explode your marketing results and create an unstoppable viral machine. The techniques I will reveal to you have often been taughtin many marketing courses and articles...but they are stillunderutilized because of two words -- "tunnel vision." Backend profits means the additional income that you earnfrom a customer. The first purchase from a customer is thefront end profits while the second purchase and so forthwill be your backend. The really good marketers understand that the most moneywill be made on the backend. Here are a couple reasons why: You can charge higher prices for backend products becauseyou've already built a relationship with your customer. They already know the quality of your product and of yourcustomer service. You no longer have to convince them thatyou're credible and that your information is good. You only have to convince them that your backend product ishigher quality than your front end product and that theyNEED the backend product. Trust is one of the single most important components ofselling. You can earn that trust by providing a goodfront end product. Most marketers do not truly understand the power of thebackend and that's a fact. I know because I see very few affiliate programs which payhigher than 50% commission. Think about this for a minute. Let's say you sell your product for $50 and you give 50%commission. You have 5 affiliates who each make 10 saleseach. You pocket $1,250 after paying commissions. You now have 50customers. Five of them end up purchasing your $100 backendproduct for a profit of $500. Total profits is $1,750 foryou. Now let's consider giving away 75% commission to youraffiliates. By giving away higher commissions, you get 10 affiliatesinstead of the 5. Ten affiliates making 10 sales each at$50 will make you $1,250 -- which is the same front endprofits as before. Now you have 100 customers and make 10 backend sales for$1,000 profit. So how did you end up making more when you increased youraffiliate commissions by 25 percent? You made it on thebackend. Here's what is happening behind the curtain as you increaseyour commissions. You gain more affiliates and subscribers as thoseaffiliates send you more traffic to your site. Those affiliates are happier with their higher paycheckbecause you gave them higher commissions. Therefore, theywill continue to send traffic to your site. This cycle increases your traffic over time as you gainmore customers, more affiliates and more subscribers. It's the ultimate viral marketing machine! More subscribers equal more profits. More customers equalsmore profits. More affiliates equals more profits. So is all that worth a hit on your front end profits? Yes! The problem most people have is they can't stand to seetheir affiliates making more than them. Tunnel vision keepsthem from seeing all the extra subscribers, customers andaffiliates which could be theirs. Please remember one thing about running your affiliateprogram. A 75% reduction in profits is better than a 100% reduction,which is the case if the affiliate had not made ANY sale. In summary, you should create an affiliate program for yourfront end product which gives away a majority of theprofits. You should also spend your time creating multiple backendproducts. Gary Huynh is a full-time online information marketer. Hecurrently earns money from affiliate programs along withrunning multiple membership sites. View his weblog at:http://www.garyhuynh.com for more tips and tricks to helpyou achieve a full-time work from home business.
MORE RESOURCES: 26 High-paying Affiliate Programs for Beginners Influencer Marketing Hub Generation Voyage monetizes content through affiliate sales powered by Stay22 - Breaking Travel News Generation Voyage monetizes content through affiliate sales powered by Stay22 Breaking Travel News How to Join the Amazon Affiliate Program in 2024 Influencer Marketing Hub TV Stations' Pay TV Affiliate Revenue Will See Erosion: Wells Fargo 11/16/2023 MediaPost Communications Small review site lost 91% of its Google traffic to affiliate-focused SEO content Search Engine Land How to Make Money as an Amazon Affiliate in 2024 Jungle Scout Data Reveals Which Influencer Revenue Streams Are Growing the Most Business Insider Pin-Up Partners Review: Join the Casino & Betting Affiliate Program Ghanasoccernet.com Top 19 Affiliate Marketing Tools to Boost your Affiliate Revenue Influencer Marketing Hub Blog Income Report: How I Made $812,718 in 2020 Adam Enfroy Best Affiliate Marketing Websites for 2024 Influencer Marketing Hub Top Affiliate Marketing Statistics for 2023 Influencer Marketing Hub Top Affiliate Marketing Agencies to Partner With in 2024 Influencer Marketing Hub Affiliate Revenue: still a publisher's best eCommerce bet? Media Makers Meet 34 High-Ticket Affiliate Marketing & Partner Programs 2024 Search Engine Journal 15 Affiliate Marketing Programs to Grow Your Affiliate Revenue Influencer Marketing Hub Best Affiliate Management Software Solutions for 2024 Influencer Marketing Hub Best Affiliate Marketing Software Platforms for 2024 Influencer Marketing Hub The State of Affiliate Marketing: Benchmark Report (2023) Influencer Marketing Hub Mastering Affiliate Marketing on Facebook (2024) Adam Enfroy How publishers can regain traffic and revenue with affiliate marketing Search Engine Land Mastering the Temu Affiliate Program: Everything You Need to Know Business 2 Community Fox Advertising Revenue Down 20 Percent to $2B, But Company Hits Wall Street Expectations Hollywood Reporter TikTok Affiliate Marketing Guide 2024 Metricool Did Tax Cuts and Jobs Act of 2017 Increase Revenue on US Corporations' Foreign Income? — Penn Wharton Budget ... Penn Wharton Budget Model Rupert Murdoch “Still Very Much Involved” at Fox Corp. Despite Title Change, Lachlan Says Hollywood Reporter Influencers share how to make money with affiliate marketing Business Insider Why affiliate revenue's time has come: Publisher insights from Affiliz Media Makers Meet Fox Earnings: Company Continues to Report Decent Results in the Face of Industry Challenges Morningstar Sinclair Earnings: Upcoming Affiliate Renewals and 2024 Political Revenue Won't Change Our Outlook Morningstar Footballco says it will grow affiliate revenues by 300% in 2023 in drive away from advertising Press Gazette Under Review Columbia Journalism Review MAP Launches Revolutionary New Affiliate Platform to Help Marketers Generate High Ticket Sales WebWire Future plc CFO stepping down as company reports revenue declines and new two-year investment plan Digiday Top 8 Affiliate Marketing Strategies for 2024 Influencer Marketing Hub Affilizz launches 'Magic Match', allowing publishers to build affiliate revenues at scale in real time Media Makers Meet 31 Best Affiliate Programs to Build a Passive Income Stream Influencer Marketing Hub 15 Passive Income Ideas to Build Wealth in 2024 Ramsey Solutions Affiliate Links for Small Business: What You Must Know Business News Daily Mosaic Digital Launches to Level the Playing Field for Microbrands and SMBs in Affiliate Marketing PR Newswire Paramount Global (PARA) Q4 Earnings Beat, Revenues Miss Yahoo Finance How publishers can drive affiliate revenue: Insights from Future Media Makers Meet Streaming And ESPN Highlights Of Disney's Past Quarter TV News Check Affiliate Marketing Statistics 2023 and Facts Enterprise Apps Today |
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