Affiliate Marketers. Who Makes The Money If 95% Fail?
- Date: 2007-02-04 - Word Count: 681
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The ones that own the product or service will make the most.
Affiliate marketing on the internet has become an almost impossible task. A staggering 95% of all those that try to make their fortune in affiliate marketing fail.
The vast majorities of affiliate marketers that actually make money on the internet are the ones that own the product and market it through the affiliate marketing network. Affiliate marketers are the owner's best partner.
Here is how the really smart owners of a product or service play the system:
1... They create a niche product or service.
a... How To Books
b... How To Programs
c... Online service
d... Email courses
2... They will create, or have a service create, a stunning website that has eye appeal and a product specific content.
3... They will also submit their product or service to one of the popular affiliate management programs.
a... Commission Junction
b... ClickBank
c... Kilimbo
NOTE: There are a number of affiliate management program available. However, the vast majority will use one of the affiliate management services.
4... They offer the affiliate marketing applicants 50% to 70% commission for selling their exceptional product.
NOTE: The larger the percentage equals the more effort the members of the affiliate program will put into the their affiliate marketing campaign.
5... They will then sit back and watch as hundreds, and maybe even thousands, signup to your affiliate program.
Here is the key to the success of the product/service owner.
You are the owner of the product, "How To Build A Widget And Sell It and Make Millions" and you want to get $67.95 per copy.
NOTE:A really savvy product owner offers 70% commission as an incentive to market the product.
How Can I Make Money With My Product/Service?
Seventy percent is a pretty healthy piece of commission for such a magnificent product. ($67.95 x .70 = $47.57 in commission) That leaves $20.38 gross profit for each widget book that is sold.
The first gut reaction is "Wait A minute! I should make more then twenty buck! I invented this!"
Not necessarily. The 70% commission will get you hundreds, and maybe thousands signed up as affiliate marketers. Let's now assume that 2000 affiliate marketers sign up for your program.
Ninety-five percent (95%)of the group, 1900, is destined to fail. The 95% failure rate sounds like a cruel judgment but facts are facts.
This 95% group will maybe sell two of your product. They buy one and get a friend to buy one. Your end of the transaction will be (2 x $20.38 x 1900 = $74,444.00 )in gross profit. That's not bad!
Keep in mind that there is still the five percent (5%) that can hit a home run with your product. It is quite possible that the 100 successful affiliate marketers could end up selling hundreds of your product.
What do I Do To Get Started?
It will take time to get everything set. There are plenty of services on the internet that can help you get your new home business off the ground.
NOTE: I recommend that you hire one of the services on the net to make sure your business gets off on the right foot. Do a simple google search of "internet marketing service", with the quotes, and plenty of marketing services will appear like magic.
1... First and foremost. You need a niche product or service. Avoid the crowded markets. The internet market is vast and everyone wants something.
2... You need a very good web host. Lets assume that you will be successful. You will need a reliable web host that can handle the traffic to your site.
3... Most of all you will need a great deal of patience. Marketing on the internet is going to take a great deal of work.
But the rewards are well worth it.
There are thousands making a very good living on the internet. You can be one of them. One of the worst, if not the worst, destroyer of internet marketers is greed. The real key to internet marketing success is to own the product or service and relaize that 30% profit of a lot is much better than 70% profit of a little.
Affiliate marketing on the internet has become an almost impossible task. A staggering 95% of all those that try to make their fortune in affiliate marketing fail.
The vast majorities of affiliate marketers that actually make money on the internet are the ones that own the product and market it through the affiliate marketing network. Affiliate marketers are the owner's best partner.
Here is how the really smart owners of a product or service play the system:
1... They create a niche product or service.
a... How To Books
b... How To Programs
c... Online service
d... Email courses
2... They will create, or have a service create, a stunning website that has eye appeal and a product specific content.
3... They will also submit their product or service to one of the popular affiliate management programs.
a... Commission Junction
b... ClickBank
c... Kilimbo
NOTE: There are a number of affiliate management program available. However, the vast majority will use one of the affiliate management services.
4... They offer the affiliate marketing applicants 50% to 70% commission for selling their exceptional product.
NOTE: The larger the percentage equals the more effort the members of the affiliate program will put into the their affiliate marketing campaign.
5... They will then sit back and watch as hundreds, and maybe even thousands, signup to your affiliate program.
Here is the key to the success of the product/service owner.
You are the owner of the product, "How To Build A Widget And Sell It and Make Millions" and you want to get $67.95 per copy.
NOTE:A really savvy product owner offers 70% commission as an incentive to market the product.
How Can I Make Money With My Product/Service?
Seventy percent is a pretty healthy piece of commission for such a magnificent product. ($67.95 x .70 = $47.57 in commission) That leaves $20.38 gross profit for each widget book that is sold.
The first gut reaction is "Wait A minute! I should make more then twenty buck! I invented this!"
Not necessarily. The 70% commission will get you hundreds, and maybe thousands signed up as affiliate marketers. Let's now assume that 2000 affiliate marketers sign up for your program.
Ninety-five percent (95%)of the group, 1900, is destined to fail. The 95% failure rate sounds like a cruel judgment but facts are facts.
This 95% group will maybe sell two of your product. They buy one and get a friend to buy one. Your end of the transaction will be (2 x $20.38 x 1900 = $74,444.00 )in gross profit. That's not bad!
Keep in mind that there is still the five percent (5%) that can hit a home run with your product. It is quite possible that the 100 successful affiliate marketers could end up selling hundreds of your product.
What do I Do To Get Started?
It will take time to get everything set. There are plenty of services on the internet that can help you get your new home business off the ground.
NOTE: I recommend that you hire one of the services on the net to make sure your business gets off on the right foot. Do a simple google search of "internet marketing service", with the quotes, and plenty of marketing services will appear like magic.
1... First and foremost. You need a niche product or service. Avoid the crowded markets. The internet market is vast and everyone wants something.
2... You need a very good web host. Lets assume that you will be successful. You will need a reliable web host that can handle the traffic to your site.
3... Most of all you will need a great deal of patience. Marketing on the internet is going to take a great deal of work.
But the rewards are well worth it.
There are thousands making a very good living on the internet. You can be one of them. One of the worst, if not the worst, destroyer of internet marketers is greed. The real key to internet marketing success is to own the product or service and relaize that 30% profit of a lot is much better than 70% profit of a little.
Related Tags: internet marketing, affiliate marketing, affiliate marketers, affiliate management program, niche product
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