WHAT SHOULD I DO TO EXPAND MY AFFILIATE BUSINESS?
Believe it or not, there are even more sophisticated methods for making money from affiliate programs. This is the most creative aspect of the affiliate business. The real experts, who make substantial six-figure incomes, have turned these methods into a fine art.
Unfortunately, it’s also how many newcomers to affiliate marketing get conned. An expert will boast about how he made “$25,000 in just one week.” The con is not that he didn’t make this money. He probably did.
But he certainly did not make it using beginner strategies! This kind of blitz is usually the result of combining several of the advanced techniques described below. And remember, just because he brought in $25,000 doesn’t mean that was all PROFIT.
In fact, he may have had to spend a substantial amount of that money generating quick traffic through PPC and banner ads. He probably also had to divide the remaining profit among quite a few people who helped him achieve that success.
However, if you understand HOW these advanced techniques work, you can plan in advance to use them down the line. This means your early affiliate marketing efforts will be part of a strategic plan. You will not just be making a few bucks online, but actually building a BUSINESS that you can build upon.
JOINT VENTURES
In a Joint Venture, you join forces with another webmaster or business to make more money than either of you could by yourselves. In affiliate marketing, this means you promote a product jointly.
Joint ventures usually involve offering to split your profit with someone who may have a large or highly responsive opt-in mailing list or a very high traffic web site. These people are called super-affiliates. They promote our affiliate product or service to their list with a personal recommendation. In return, you pay them anywhere from 25% to 75% of what you make.
While this may sound like an expensive proposition, remember that people with loyal mailing lists can generate a large number of sales for you in a very short period of time. Often it will cost you less time and money to share your profits with this person than to pay for advertising in ezines or with PPC ads!
Structuring a win-win for both yourself and your potential partners requires determination and openness. You will need to find the right joint venture partners This means you will invest energy in sending personal emails, keeping the lines of communication open, and eventually talking with people on the telephone.
However, like all business networking, this strategy can pay off handsomely for you. As a result of just one successful joint venture, you will often meet many other super-affiliates. Eventually they will approach YOU with their own joint venture propositions.
UPSELLS
An upsell is where you offer a high-ticket product or service to someone who has already bought from you. Because they are a satisfied customer, they are much more likely to purchase from you again. A relationship of trust has been established.
The best upsells are related to the original product or service, and bring you an extremely high profit. If you can actually create your own original product, this means 100% of the upsell profits will be yours.
For example, let’s say a customer has purchased a resume writing ebook from you for $29. An excellent upsell might be a resume writing service, where you craft a professional resume and cover letter for them. You charge $249 for this package.
You can even combine an upsell with a joint venture. Perhaps you don’t have time to provide a resume writing service, but you find an excellent resume writer who charges $179 for a resume and a cover letter.
You could joint venture with this writer, still paying them $179. You can still charge your customers $249, but outsource the work to the writer. For dealing with customer inquiries and handling the orders, you can make $70 per sale yourself..
One of the advanced topics in The Affiliate Classroom is called “The Affiliate Upsell System.” It gives you a detailed system for how to develop an entire upsell plan and carry it out.
DIRECT MAIL
This is an excellent way to promote high-ticket affiliate products, such as vacation packages or mortgages. In these highly competitive areas, PPC ads may be very expensive. A postcard mailing may actually cost less.
Direct mail can be very economical if you are already building your own mailing list by obtaining a physical address at the same time people give you their email address. In fact, today many people are less reluctant to give you a mailing address than an email address!
Perhaps it’s because they feel that if YOU have to pay for postage, you will be less likely to send them junk. Such people actually make OUTSTANDING direct mail prospects. They are interested enough in your web site, products, or services to give you their mailing address. They are much less likely to throw your mailings away.
You can also approach someone who owns their own offline mailing list, and offer to do a joint venture. For example, a real estate broker in your town may be happy to share their contact list with you, in exchange for a percentage of the commissions you make from leads or actual sales.
To do a direct mail campaign, you must create a unique web page for you offer that has its own easy-to-remember domain name. This is the URL you will put on the postcard so you can keep track of those sales.
Direct mail has always been an extremely popular and profitable form of advertising. And the best part is, very few online marketers are direct mail using it today (though some of the biggest names have started to jump on this bandwagon). In The Affiliate Classroom we offer a number of exciting – and under-utilized – ideas for using direct mail in this way.
These are just a few of the creative ways you can boost your affiliate profits – once you know the ropes!
Affiliate Program information Related
Affiliate Program information
WHAT SHOULD I DO TO EXPAND MY AFFILIATE BUSINESS
WHAT SHOULD I DO TO EXPAND MY AFFILIATE BUSINESS?
Believe it or not, there are even more sophisticated methods for making money from affiliate programs. This is the most creative aspect of the affiliate business. The real experts, who make substantial six-figure incomes, have turned these methods into a fine art.
Unfortunately, it’s also how many newcomers to affiliate marketing get conned. An expert will boast about how he made “$25,000 in just one week.” The con is not that he didn’t make this money. He probably did.
But he certainly did not make it using beginner strategies! This kind of blitz is usually the result of combining several of the advanced techniques described below. And remember, just because he brought in $25,000 doesn’t mean that was all PROFIT.
In fact, he may have had to spend a substantial amount of that money generating quick traffic through PPC and banner ads. He probably also had to divide the remaining profit among quite a few people who helped him achieve that success.
However, if you understand HOW these advanced techniques work, you can plan in advance to use them down the line. This means your early affiliate marketing efforts will be part of a strategic plan. You will not just be making a few bucks online, but actually building a BUSINESS that you can build upon.
JOINT VENTURES
In a Joint Venture, you join forces with another webmaster or business to make more money than either of you could by yourselves. In affiliate marketing, this means you promote a product jointly.
Joint ventures usually involve offering to split your profit with someone who may have a large or highly responsive opt-in mailing list or a very high traffic web site. These people are called super-affiliates. They promote our affiliate product or service to their list with a personal recommendation. In return, you pay them anywhere from 25% to 75% of what you make.
While this may sound like an expensive proposition, remember that people with loyal mailing lists can generate a large number of sales for you in a very short period of time. Often it will cost you less time and money to share your profits with this person than to pay for advertising in ezines or with PPC ads!
Structuring a win-win for both yourself and your potential partners requires determination and openness. You will need to find the right joint venture partners This means you will invest energy in sending personal emails, keeping the lines of communication open, and eventually talking with people on the telephone.
However, like all business networking, this strategy can pay off handsomely for you. As a result of just one successful joint venture, you will often meet many other super-affiliates. Eventually they will approach YOU with their own joint venture propositions.
UPSELLS
An upsell is where you offer a high-ticket product or service to someone who has already bought from you. Because they are a satisfied customer, they are much more likely to purchase from you again. A relationship of trust has been established.
The best upsells are related to the original product or service, and bring you an extremely high profit. If you can actually create your own original product, this means 100% of the upsell profits will be yours.
For example, let’s say a customer has purchased a resume writing ebook from you for $29. An excellent upsell might be a resume writing service, where you craft a professional resume and cover letter for them. You charge $249 for this package.
You can even combine an upsell with a joint venture. Perhaps you don’t have time to provide a resume writing service, but you find an excellent resume writer who charges $179 for a resume and a cover letter.
You could joint venture with this writer, still paying them $179. You can still charge your customers $249, but outsource the work to the writer. For dealing with customer inquiries and handling the orders, you can make $70 per sale yourself..
One of the advanced topics in The Affiliate Classroom is called “The Affiliate Upsell System.” It gives you a detailed system for how to develop an entire upsell plan and carry it out.
DIRECT MAIL
This is an excellent way to promote high-ticket affiliate products, such as vacation packages or mortgages. In these highly competitive areas, PPC ads may be very expensive. A postcard mailing may actually cost less.
Direct mail can be very economical if you are already building your own mailing list by obtaining a physical address at the same time people give you their email address. In fact, today many people are less reluctant to give you a mailing address than an email address!
Perhaps it’s because they feel that if YOU have to pay for postage, you will be less likely to send them junk. Such people actually make OUTSTANDING direct mail prospects. They are interested enough in your web site, products, or services to give you their mailing address. They are much less likely to throw your mailings away.
You can also approach someone who owns their own offline mailing list, and offer to do a joint venture. For example, a real estate broker in your town may be happy to share their contact list with you, in exchange for a percentage of the commissions you make from leads or actual sales.
To do a direct mail campaign, you must create a unique web page for you offer that has its own easy-to-remember domain name. This is the URL you will put on the postcard so you can keep track of those sales.
Direct mail has always been an extremely popular and profitable form of advertising. And the best part is, very few online marketers are direct mail using it today (though some of the biggest names have started to jump on this bandwagon). In The Affiliate Classroom we offer a number of exciting – and under-utilized – ideas for using direct mail in this way.
These are just a few of the creative ways you can boost your affiliate profits – once you know the ropes!
Affiliate Program information Related