Affiliate Revenue Information |
|
Back-End Selling
If you ask me, residual (also known as passive income) is the most important type of income of all incomes. Residual income puts money in my pocket without work and effort on my part. It is the right type of income to work for, indeed! And this is the type of income you should go for as an Internet Business owner. You might not realize it but this is also one of the many fantastic reasons why you engaged in an Online Business in the first place. This is the right type of income you should game for! For the same amount of work and effort you put into your business, you want to work effectively and efficiently. In my experience, it is easier to sell to the same customers who bought from you before. This is simply because your previous customers trust you (if your customer service was fantastic, of course!). You have already built a relationship with them and there is no reason why they should not trust your next recommendation. In order to build residual income or create back-end selling, you sell to the same customers. Let's face it. You can only earn and spend so much from one-time sales. You can only buy as much as you can sell. Period. The main problem with one-time sales is that very often, the income is a one-off. You do not get to spend it again and again. That is not a fun type of income to work for! If you have realized that sort of problem, this may be the compelling reason why you loathe your 9 to 5 job. Your employer only pays you once for the work you done once. If you want to receive another paycheck, you will have to go back to work the next week or month! There is not enough leverage in this type of income. Since you are going to start an Internet Business, please do not let the same drudgery take over your soul in the name of business! That is totally insane! If you are reading this and have yet to realize what back-end selling is (or even know what residual income is for that matter), then read this carefully. It might just change your narrow perception on Online Business and you might want to e-mail me a thank you note for sharing with you the good news on the possibilities of earning the same income over and over for a work done once. If you sell to one customer at a time, you will never make much money online besides profiting from only ONE profit stream. It is also expensive in both time and money to get the next new customer. So since you can only earn so much from one-time sales, why not create back-end selling? If you are selling Information Products such as E-books, you can create back-end profits. This could be done through your own products or products you are an affiliate for. Remember that anytime you are selling always create back-end sales items. If you do not agree with me yet, let's review a case study below: Assuming I sell a $20 E-book. I have sold 10 copies so I earn $200. Let's say I have spent $100 on advertising so my net income is $100. Not really interesting though it beats a good 90% of the people out there who are not even making any money on the Internet. $20 x 10 sales = $200 gross income $200 - $100 (advertising fee) = $100 net income But if I were smart and with some (just some!) ingenious concepts applied, I built in say, 5 to 10 other offers (same theme as the E-book) for products and services I either own or am an affiliate for within the content of the E-book. And also assume that I would earn $30 on the average for any one of the products or services sold. That is $30 a sale. If 2 of the same 10 customers buy just one of those items, I would have earned an extra $60. 2 x $30 = $60 back-end sales I know that the figures are rather small but if the whole process is repeated over 10 times with the same conditions, how much will my income be? Give me a moment while I use my calculator! $20 x 100 sales = $2,000 gross income$2,000 - $100(10) (advertising fee) = $1,000 net income I earn $1,000 net income as a result of 100 sales. If I have included back-end sales: $1,000 net income + [2(10)x $30 = $600 back-end sales] = $1,600 total income! That is an additional $600 in my income just by working smarter and not harder. Now do you see where the good money really is? Furthermore, there is no advertising expense incurred to include the back-end sales items within the E-book. Of course this is just a mock-up case study. The results can vary depending on how respected I am, how good the quality of my E-book is, how I market my E-book and how compelling my sales letter is to get my potential customers to buy from me. However, this method of creating back-end sales has been put into great practice by top Internet Entrepreneurs from around the world which is what makes them rich and TOP of the world! If you are living on one-time sales from your products today, then you must do something about it SERIOUSLY. The figures get rather interesting when you count that you actually lose money often or just break even with your advertising expenses. "So, how do I start?" you ask. "Simple," I say! If you create your own digital product (E-book, software, template), include links to other relevant products you either own or are an affiliate for. For example, if you composed an E-book on making vegetable soup and sell it for $20, you will want to include advertisements of the other E-book you composed on making chicken soup and sell it for say, $15. Since your customers trust the quality of your first edition, a fraction of them will probably be interested in purchasing your other E-book in the series! If you do not have a product of your own and do not intend to create one, then you can source for products with resell rights that you can customize with your own affiliate links for a reasonable fee. At this time of writing, this is the type of income I am receiving from. I resell other people's product and earn residual income as a result of the same customers purchasing access to a suite through my affiliate link found within the same product. On the final note, a friend of mine who attends Business School once told me that the biggest expenses in life are taxes and interests. I shook my head and slowly told her, "No. The biggest expense in life is the money you do not make." Who do you agree with? Copyright (c) Edmund Loh About the Author:Edmund Loh is the author of the E-Biz Wiz Blog and Starting An Internet Business Special Report with over 6 years of web designing experience before he engaged in an Internet Business. Visit his website for more online business ideas, tips, and information at http://www.ebizmodelsyoucancopy.com/ebizwiz and also get a free copy of his Special Report.
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 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 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 How publishers can drive affiliate revenue: Insights from Future Media Makers Meet Affiliate Marketing Statistics 2023 and Facts Enterprise Apps Today Top 10 Tips for Becoming an Affiliate Marketer on Facebook in 2024 Influencer Marketing Hub The 7 Best Affiliate Marketing Automation Software to Scale Your Marketing Strategy Influencer Marketing Hub How to Drive Sales with Amazon Affiliate Marketing Influencer Marketing Hub Your affiliate marketing campaign is probably leaking money. ReferOn wants to fix it – here's how Tech.eu |
RELATED ARTICLES
8 Ways To Increase Your Affiliate Commission Here are 8 easy ways to boost your affiliate income:1) Collect your visitor email addresses by providing free reports.Offer a free report to your visitor. How To Really Make Money With Datafeed Merchants I am not going to describe what a product feed (or a datafeed) is. There is a lot of information out there about how to use one to build sites. Affiliate Marketing at a Glance: Helpful Hints Regarded as one of the choice Internet marketing systems offered to small businesses, affiliate marketing has caught the attention of accomplished entrepreneurs across the globe. With virtually no risk involved in the affiliate marketing game, payment is made only after results are provided. Why Arent You Making a Ton of Cash as an Affiliate? 5 keys to you becoming a successful affiliate:1) HAS THE OWNER OF THE PROGRAM DONE HIS OR HER RESEARCH?Before you become an affiliate for someone, you want to know one major thing. You want to be very sure they've taken the time to test their whole sales process!Have they invested some of their own time and money into fine-tuning and improving their sales letter until it really converts visitors into buyers? Is their ordering process simple for your prospects to navigate?The last thing you want to do is spend a lot of your time and money to generate traffic to a sales letter that can't sell its way out of a paper bag, right?One way to figure this out is to use a little common sense. Top 3 Things All Affiliate Marketers Need To Use Every affiliate marketer is looking for exactly what allows those truly successful markets to make the big affiliate paychecks. It seems at times to be almost a magic formula! It is not. The Google Adsense-Adwords Automatic Money Machine Have you ever tried to make money through affiliate programs using Google Adwords?Then you know it's not easy. Some say that only 2-3 out of 10 affiliate Adwords campaigns will actually make a profit. Accounting for Affiliate Marketers If you are an affiliate marketer, then you are in business. Therefore, you should treat it like a business. Promoting Affiliate Programs through Personal Recommendations Publishing articles online is a highly effective way to increase affiliate revenue. In the current marketing environment, it is increasingly important to differentiate yourself. Finding An Affiliate Online Opportunity Program Never before has it been easier to find an affiliate online opportunity program. From years ago when franchising was new the whole county turned its attention to those great opportunities. Affiliate Assets -- Discover the 3 Secrets That Will Turn Your Affiliate Link Into a Business Your affiliate marketing business is just that ? a business. To be successful, you need to treat your business like a business and focus on growth. 12 Ways To Promote Your Affiliate Program Hundreds of people sign up for affiliate programs everyday because they look at this partnership as an easy way of having their own business. Although you don't have to worry about the many factors that come from owning other types of businesses, one factor that is important with an affiliate business is marketing and promotion. Dont Even Think About Affiliate Marketing Until Youve Read This - Part 1 You've probably heard some of the affiliate success stories from across the internet. You've also probably heard of the diverse benefits of affiliate marketing. Are You Doing Well As An Affliate Marketer? I have been working on the Internet now since December 2004 and I have done all the things one needs to do to earn an income from the use of my computer at home. There are many resources and so many different programmes and opportunities that it amazes me. Seven Ways to Set Yourself Apart From Other Affiliate Marketers Okay so you've read (fill in the blank with internet guru's name here)'s book and decided that affiliate marketing is the way for you to earn some extra money online. I mean after all, all you have to do is plug in your name and run their ads and collect your commission check and ride off into the sunset, right? Not quite. Affiliate Programs - How to Pick the Solid Ones This is very important, because your reputation is on stake here! Joining the wrong affiliate programs will only hurt your online business.First of all, it is almost impossible for you to collect adequate informations on those merchant companies. Get the Big Dogs to Affiliate with You Have you ever tried to launch an affiliate program? If you have, then you know that one of the challenges you face is to get people to be your affiliate marketers. After all, if you are new on the block, people who have never heard of you may be reluctant to encourage their list or web traffic to come to your website. Instant Success - Yeh Right. Join our affiliate-program and make your fortune overnight.Sound familiar ?How many times have you received email to say that by joining company X you will have instant success. Affiliate Programs: An Easy Start to Online Income Affiliate programs may be the easiest online business tostart running. Why?With any online business you must have a product or serviceto sell. Internet Affiliate Marketing 101 - Its All About Relationships So you've found the perfect affiliate program, you've signed up and they gave you a website.. How To Build Website - Seven Steps For Building Optimized Websites For Affiliate Programs The web has developed in such a mass marketing arena, that many offline advertisers are now coming online.This is the first sign that selling online will be a trillion dollar media in a couple years. |
home | site map |
© 2006 |