As an affiliate, you need to work with companies that put YOU first. After all, you're the one driving the traffic to their site and they don't have a lot of risk since they only pay you when you generate a sale. But a lot of affiliate programs don't understand that.
In fact, many programs out there are paying 5-15% commission on products, they should be paying you a lot more for. But there is another extremely important factor that determines success or failure as an affiliate marketer. That is whether or not the company pays you one time or pays you residual income for a single sale.
This is a Big, BIG, BIG factor you need to consider before you join ANY affiliate program. If I was promoting products from affiliate programs that only paid me one time for a sale, I'd still need a job somewhere else to cover my basic living expenses.
I needed to work exclusively with programs that paid me residual income. On the Internet, residual income is basically selling a "subscription service" so that when someone buys the product you get paid UP-FRONT one time and then each month when that person's subscription renews with the company, you get paid again, and again, and again ... EVERY MONTH for as long as that person continues using the service. This is the power of residual income.
As crazy as it sounds, 90% of the people fail at generating any significant income from affiliate programs are promoting products that do NOT pay a substantial residual income. So just as you might put on a pair of sunglasses to filter out UV rays, you should put on a pair of mental glasses that filters out ANY program that does NOT pay you residual income.
Affiliate programs that pay only one-time for a single sale are BAD for your financial health. Think about it ... It takes the same energy on your part to promote something that pays you ONLY one time as it does to promote something that pays you EVERY MONTH forever.
So would you rather spend a day to make a sale that you get paid for that day and that day only or would you rather spend a day and make sale that pays you for the rest of your life ?
There is only one RIGHT answer to that question. Unless you're just a hobbyist and don't care how much you earn from your efforts, then you shouldn't touch an affiliate program with a ten foot pole that doesn't pay you residual income.
You should ONLY focus on programs and products that pay you residual income. What are examples of products and affiliate programs that pay residual income ?
1 ) Membership Sites
There are many sites on the Internet that charge people a monthly membership fee to gain access to their services. For example, to maintain a membership and gain access to all of their proprietary Internet marketing tools and training, etc ...
2 ) Hosting Services
Everyone who wants to have their own website on the Internet needs a good web host. I discovered early on that web hosting sells like crazy and you can make a fortune selling hosting services as an affiliate because the demand for hosting is so high.
The good part about promoting hosting services is that when people get a website host, they usually stick with it for a long time. It's like someone signing up for telephone service. Once you have a telephone service setup, you keep using it every month and rarely stop the service or change providers.
Promoting website hosting services is a great way to generate residual income online.
3 ) Business Opportunities
Online business opportunities offer another great way to get paid residual income on the Internet. The reason for this is simple. Millions of people are flocking to the Internet every day looking for a reliable way to earn extra income. So online business opportunities have become a HUGE industry.
The great thing about online business opportunities is that they are much easier than offline business opportunities. All you really need to do for these is find out where the people are searching for these business opportunities and POSITION yourself in front of them.
You don't even have to "sell" the opportunity. People are going to join these opportunities anyway so all you do is setup your marketing in such a way that people find the opportunity through your link instead of someone else's.
You just promote a link that encourages people to sign up and then they follow the system and start doing the same thing under you. That's the power of the Internet.
I always loved the concept of MLM, but I hated the idea of face-to-face selling. With the Internet and tools like a website, autoresponder and automated marketing activities, you can build huge organizations and earn tons of money in these programs.
But again ... The KEY is choosing the RIGHT programs.
If you are promoting the WRONG program, one of the following things will happen :
1 ) People won't join.
2 ) People will join and then quit and you won't make anything.
3 ) You'll get lots of people to join and then not get paid fairly for your efforts.
4 ) You'll get lots of people to join, get paid well for a few months and then the company will go out of business.
5 ) You'll get people to join and NEVER get paid.
The main point is that you absolutely MUST focus on promoting residual income affiliate programs if you want to succeed as an affiliate marketer.
To Your Success
Wingcent Ning
wingcent@gmail.com
http://mysignaturebusiness.blogspot.com
Singapore
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