02.05.08
Affiliate’s Road to Financial Freedom
Affiliate Marketing can be as easy or as hard as you want it to be. I have come across Affiliate Marketers who start off quite successfully, making 1000s of dollars in the first few months. But after a few months, their income goes down and they find it tough to regain their earlier success.
On the other hand, there are a few Affiliate Marketers who know how to grow their income month on month. These are the smart guys - who know that Affiliate Marketing, if used efficiently, can make you financially free very soon.
What’s the difference between these two group of Marketers? How do some people see success only in the short run, while a few others grow their affiliate income month on month?
The answer is very simple - its got to do with the kind of products you promote. The smart guys know that long term success in Affiliate Marketing comes by promoting products that pay recurring. They promote the product one time, but the income from the promotion is recurring.
Let me explain this idea with some numbers. Consider two Affiliate Marketers - Jack and David. Both of them start off together as Affiliate Marketers.
In the first month, Jack promotes a product that pays $50 in one time commission. He sells 10 of these and makes a handsome $500 in commissions. But David knows better than that. He puts in the same amount of time and effort as Jack, but promotes a product that pays $25 per month in commissions (its a recurring billing product). He sells 10 of these in the first month and locks for himself $250 in commissions every month.
Now, lets assume the same routine happens in the second month as well. So Jack makes another $500 in month 2, but so does David.
Things get interesting from the 3rd month onwards. Assuming both Jack and David do exactly as earlier, Jack makes his $500 but David has increased his earnings to $750. And remember, both have again put in the same time and efforts.
At the end of the year, Jack would have made $6000 in affiliate commissions. But smart-man David has made a whopping $19500 in commissions for the year.
And here’s the better part… after the year ends, even if David decides to take a break from it all, he will continue to make $3000 every month without having to raise a finger. But our man, Jack, will have to continue doing what he did to earn his $500 a month.
So who would you rather be - Jack or David? Affiliate Marketing gives you the opportunity to work smart, to secure your financial future. All you need to do is think smart and long term. Think like David. If you are putting in 2-3 hours a day promoting a product, promote something that pays you recurring. You may make fewer sales now, but in the long run, you are guaranteed to earn a solid passive income.
Yes, I know, I know! A few of David’s customers will stop the recurring payments after a few months. But he will still have a few others who continue to feed him commissions across months. All he has to do is promote good, recurring billing products with high retention rates.
The point I am trying to make here is - when you start with Affiliate Marketing, you have a choice. Most people don’t realize this and come out of one rat-race (of the corporate world) to join another rat race (of the Internet Marketing world).
If you want to be a successful Internet Marketer, throw away the short-term mentality. Think long term and think smart - Affiliate Marketing gives you the luxury to do that.
Have a good one! And do let me know what you think by posting a comment below.
