The Benefits Of Making Residual Income Streams On The Internet
Are you one of the many folk that would like to create many streams of residual income to help pay the bills during these extreme financial times? Take this quick affiliate marketing examination… We’re going to warn you, it does consist of some math. Let’s see how you do, it is far from difficult. Below, follow 2 specific real-world promoting systems.
Your job is to discover which will be more lucrative in the long term.
It takes a hundred clicks to create a transaction. Every transaction pays a $100 one-time commission. There’s a 5% return rate. If you spend 80 cents per click, exactly how much cash are you going to make per $100 investment?
In the other advertising campaign, it will likely take one hundred clicks to create a sale. Each transaction offers $100 commission but also offers a month to month recurring commission of $10. As shown, there is a 5% refund rate and the typical length of the subscription is 4 months. Now, if you pay 80 cents per click as in the first example, exactly how much are you going to make now for your $100 investment?
The solution for the initial example is as follows… It will cost you you $80 to make one sale. So that suggests you made $20, but you must take off 5% for the refunds, leaving you with $19 net profit. 19% is a nice ROI. In the second illustration you’ll still get $19 in commissions for that initial sale, but you also get $40 for those 4 monthly sales. So if you add the $19 to the $40 then you have $59 which sums up to a 59% return on investment. A much more ideal outcome!!
Residual Income – The Difference that Makes a Difference
Look closely at any Super Affiliate’s advertising model and you may quickly recognize the only time they will offer an one-up item (it pays only one time for first sale) is if they can somehow leverage that sale.
For example, they could give a free report or perhaps special insider assessment and added bonus if you purchase through their affiliate link… Where the LEVERAGE is in getting the contact information.
This is because a targeted opt in list is usually worth 25 cents to 5 dollars per month or more to the list holder.
Or, the holder can offer an UPSELL later on which has the possibility to earn an extra commission.
But, what you’ll discover more often than not, is that they focus on marketing products that not only pay an one-up commission but also pay a major monthly residual commission.
Put plainly, if the affiliate internet marketing product doesn’t have a continuity program behind it – most super affiliates will never touch it. Why should they? It can suggest the primary difference between a 19% ROI and a 59% ROI.
Numerous Residual Income Streams is the Key to Success
The Nile River is the longest river in the world.
You can see it along with it’s 2 main tributaries from outer space. It is that massive. What you may not know about the Nile is the fact that it’s fed by THOUSANDS of individual streams and tributaries.
A great deal of small streams merging to produce one big, world-record breaking river.
Take a look at your current affiliate marketing efforts in the same manner. By producing multiple streams of income, you are developing a river of wealth. You need to start with promoting a number of different products that has the advantage of generating continuing streams of residual income. Follow those and nothing else.
Eventually you will be able to kick back and get pleasure from that river of residual income. Imagine beginning each month off with an expanding amount in the bank without doing a thing!! Isn’t that the best scenario?
You are never really starting over or beginning from zero, and hoping beyond hope that you simply sell a product this month. This is exactly what having residual income is all about.
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