Newbies: Affiliate Marketing Is Simply A Math Problem
Hello All...
I see so many of the "I want to earn $XX amount per day in affiliate marketing". When the reality is that affiliate marketing is nothing more than a math problem.
Now the trick is knowing all the variables. Now you can either find out these variables through experience, or through estimation by what others say their variables are.
So let's say your goal is $50 a day.
How do you get there?
Well, first let's say that the affiliate product you are choosing to promote pays out a $25 commission on each sale. Great, now you have two variables in the equation (ie. your daily goal and your commission payout).
So to make your goal of $50 a day, you have to make 2 affiliate sales. Simple enough so far, right?
Now, through doing some research, you estimate that this specific affiliate salespage has a conversion ratio of 1% (meaning that for every 100 people that visit it, one person will buy the product).
This means that in order to hit your goal of $50 a day, you are going to need 200 people a day to get to your affiliate link/salespage.
How you manage to get 200 people to the affiliate salespage can happen in a variety of ways. But the point is that you have your basic variables.
And by knowing your basic variables of your affiliate marketing equation, you have a better idea of how to proceed.
For instance, you could choose a different affiliate product to promote. Assuming that it had the same conversion ratio but an affiliate commission payout of $50, then you would only need half as much traffic to the affiliate salespage to meet your daily goal.
Or likewise, if you found a different affiliate product that paid out $25 per sale but had a conversion ratio of 4% instead of 1%, then you would only need 50 people a day to get to the affiliate salespage in order to reach your daily goal.
Too many newbies over-think the process of making money online, especially when it comes to affiliate marketing.
Just knowing the variables will give you a better idea of how to proceed to meet the income goals you have set out for yourself.
Best wishes,
JoeMack
I see so many of the "I want to earn $XX amount per day in affiliate marketing". When the reality is that affiliate marketing is nothing more than a math problem.
Now the trick is knowing all the variables. Now you can either find out these variables through experience, or through estimation by what others say their variables are.
So let's say your goal is $50 a day.
How do you get there?
Well, first let's say that the affiliate product you are choosing to promote pays out a $25 commission on each sale. Great, now you have two variables in the equation (ie. your daily goal and your commission payout).
So to make your goal of $50 a day, you have to make 2 affiliate sales. Simple enough so far, right?
Now, through doing some research, you estimate that this specific affiliate salespage has a conversion ratio of 1% (meaning that for every 100 people that visit it, one person will buy the product).
This means that in order to hit your goal of $50 a day, you are going to need 200 people a day to get to your affiliate link/salespage.
How you manage to get 200 people to the affiliate salespage can happen in a variety of ways. But the point is that you have your basic variables.
And by knowing your basic variables of your affiliate marketing equation, you have a better idea of how to proceed.
For instance, you could choose a different affiliate product to promote. Assuming that it had the same conversion ratio but an affiliate commission payout of $50, then you would only need half as much traffic to the affiliate salespage to meet your daily goal.
Or likewise, if you found a different affiliate product that paid out $25 per sale but had a conversion ratio of 4% instead of 1%, then you would only need 50 people a day to get to the affiliate salespage in order to reach your daily goal.
Too many newbies over-think the process of making money online, especially when it comes to affiliate marketing.
Just knowing the variables will give you a better idea of how to proceed to meet the income goals you have set out for yourself.
Best wishes,
JoeMack
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2) Productivity PLR Bundle | 3) Clean Eating PLR
4) 29 Internet Marketing PLR Emails | 5) Product Creation PLR (with audio MP3 and graphics)
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