What do you think guys about affiliate marketing and only earning one income stream?

30 replies
For the longest time, I always thought affiliate marketing is easy since most `Gurus`are preaching that.

I never knew how hard it was with all the competition and how much I am actually losing out by earning only one streams of income per promotions. My advice for anyone doing affiliate marketing is to focus on promoting products/programs that pays out multiple income streams.
#affiliate #earning #guys #income #marketing #pays #program #stream
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  • Profile picture of the author Mabu Map
    Or we can set up a system to sell multiple products

    This is what i am doing.

    At the beginning just focus on one product

    when we start making sale, we can add some more expensive products to sell to

    our customers.
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  • Profile picture of the author agmccall
    Originally Posted by workintelligent View Post

    My advice for anyone doing affiliate marketing is to focus on promoting products/programs that pays out multiple income streams.
    Could you give us a few examples.

    al
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    • Profile picture of the author LindyUK
      Originally Posted by agmccall View Post

      Could you give us a few examples.

      al

      Hello Al

      I'll give you some examples of how we do affiliate marketing, very different to most. We started with affiliate marketing, it is a small part of our business now (we moved to Online/Offline B2B Agency) but we still do about US$3 million in commissions each year.

      First of all we don't really compete with other affiliate marketers, all trying to fish in the same wide wide sea's of the internet. We create our own ponds to fish in, private ponds so we are the only ones fishing there.

      You could say they are mailing lists but mailing lists supercharged. We create our own (free/monthly) online Magazines (flip page Magazines) so build subscribers to them. For example we have an Online Dating Magazine with more than 120,000 subscribers that brings in more than $1million PA on it's own. We run our own affiliate ads in the magazines, 40 or more different ads in a 40 page Magazine. (so we can run ads for anything our subscribers may be interested in, not just specific to online Dating)

      Another different angle but still using Magazines as our pond. I'll use one of my Daughters Magazines for the example here. It is a Magazine for bands and musicians, has about 12,000 subscribers now. We create our own SuperStores so in this case Sherri has built a SuperStore containing 5 Amazon Music stores. That one SuperStore offers more than 100,000 products. She also runs other affiliate ads in her Magazine, anything from a Poster Store that in itself has thousands of posters, to ads for sunglasses, watches, clothing, etc. Even ads for insurance on band equipment, vans and so on.

      She also runs our own ads for an online business we have developed for bands and musicians where we offer maybe 20 different services, including website design, social media promotion, CD cover design, CD duplication services and so on.

      So we are creating our own captive audience an then offering them nearly anything they may be interested in. Very different to the norm where many affiliates concentrate on promoting one product at a time.

      Cheers
      Lindy
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  • Profile picture of the author kilgore
    In a perfect world, everyone should have diversified income streams from diversified traffic sources which would serve to increase revenues and decrease risk. But this isn't a perfect world and things don't always work like that. Moreover, phenomena such as network effects and S-shaped growth curves often mean that it's better in the short run to concentrate on a few -- or even just one -- core activity than to try to overdiversify.

    As an example, when we started our site, I'd say that 90% of our traffic came from Facebook and 95% of our revenue came through Amazon.com. It wasn't an ideal situation -- and we knew it wasn't an ideal situation -- but do you know what? Sometimes you just do what you gotta do.

    As time has gone on we've diversified both of our traffic sources and our revenue streams partly out of necessity (Facebook organic reach is way down) and partly because as we've grown we have opporunities that we never had before (such as direct selling of fairly high priced ad packages). But this diversification didn't happen overnight -- it was literally years in the making.

    Steve Blank defines a startup as "an organization formed to search for a repeatable and scalable business model" (Source) and I think he's got it right. So for those who are just starting out, I wouldn't worry much -- if at all -- about whether your business has one or many income streams. You can diversify when the opportunity presents itself and you're ready to do it.

    Instead, focus on the business model itself. What is your value proposition? Who is your target customer/audience? And what are the activities you're undertaking to find those customers, deliver value and then monetize it? If initially the monetization is just one income stream, that's OK. If it's multiple streams, even better -- but honestly it's the model itself that's the important thing, at least at first. Figure that out and the rest will come on its own.
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  • Profile picture of the author wiseguy212
    Originally Posted by workintelligent View Post

    My advice for anyone doing affiliate marketing is to focus on promoting products/programs that pays out multiple income streams.
    Sound advice! Do you know of any good programs with multiple streams of income?
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  • Profile picture of the author spartan14
    I think the smart way its to sell recuring products that pay you every month .For example if you sell autoresponder you can bave autopilot income for years
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  • Profile picture of the author palmtreelife
    Maybe it's just me, but I'm not understanding your question. For me, multiple streams of income means completely different ways of earning money. For example: real estate, stocks, ecommerce, running a franchise business, network marketing, social media marketing agency, drop shipping business, adsense, flipping homes, airbnb, wholesaling, alibaba arbitraging, affiliate marketing, etc etc.

    When you say we should be earning multiple streams from affiliate products/programs, what exactly do you mean? Selling more than one product or program and earning many different commissions? Or do you mean do affiliate marketing and other income streams mentioned above?

    Not sure if anyone would disagree with selling more than one affiliate product or program to earn more money, but I wouldn't call that multiple streams of income.
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  • Profile picture of the author DIABL0
    I have always promoted many offers, but none payout more than once / no residual income.

    You just have to be able to push volume. Of course, that is easier said than done for most.

    IMO, the most important thing you can do is to build a list. That way you can follow up and promote additional offers at very little cost.
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  • Profile picture of the author faisalmaximus
    If you are an expert of driving traffic, you can use it to create multiple earning source. You can even use the traffic for different types of affiliate marketing.
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  • Profile picture of the author naviown
    I think the smart way its to sell recuring products that pay you every month .For example if you sell autoresponder you can bave autopilot income for years
    Maybe even a subscription model based website. Although it takes time to set that up, if it's a monthly sub or a yearly sub then you've got passive income.
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  • Profile picture of the author Nicole Girl
    I am abit different. I prefer FOCUS on 1 type of business trade rather than diversify it. IF any notice the some of the top 10 richest person their business also focus on just ONE rather than many different types of trade.
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    • Profile picture of the author palmtreelife
      I'm not necessarily opposed to being focused on one "thing" at a time, but the richest people in the world generally do not focus on ONE thing? That's actually one of the biggest reasons they became billionaires. They diversified. Jeff Bezos has how many different income streams related to just Amazon alone? Warren Buffet has how many different stocks? Bill Gates has how many different products related to computer software? Jack Ma has how many different income streams with Alibaba? Mark Zuckerburg has how many different streams of income related to Facebook? Instagram?
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    • Profile picture of the author NetMan
      Originally Posted by Nicole Girl View Post

      I am abit different. I prefer FOCUS on 1 type of business trade rather than diversify it. IF any notice the some of the top 10 richest person their business also focus on just ONE rather than many different types of trade.
      Eee I don't think so !

      That is just impossible to become among the richest people in the world without diversifying, that is just not even thinkable. And, no, the top 10 richest in the world are certainly not focusing on only one thing... lol nopw, no chance...

      Cheers!
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    • Profile picture of the author LindyUK
      Originally Posted by agmccall View Post

      Could you give us a few examples.

      al
      Originally Posted by Nicole Girl View Post

      I am abit different. I prefer FOCUS on 1 type of business trade rather than diversify it. IF any notice the some of the top 10 richest person their business also focus on just ONE rather than many different types of trade.
      Hello Nicole

      It's fine if you only want to focus on one type of "business trade" but in general what you say is wrong.

      For example:

      Kodak - once the worlds largest photographic company (and one of the very first, they started in 1888 and dominated the photographic field until declaring themselves bankrupt in 2012). They were diversified, they sold film, cameras, photo paper & chemicals, mini labs, professional photofinishing equipment, cine film used by all the worlds major film studios and actually hundreds of other items relating to photography. BUT everything related to film and the advent of digital photography virtually killed the film photographic industry which at one time was worth hundreds of billions of dollars worldwide.They had all their eggs (though many different types of eggs, in one basket.

      We follow the examples of people like our UK Billionaire Richard Branson who founded Virgin. Virgin started as a record shop, then launched a recording studio and label, then Virgin Airlines.He now controls over 400 different companies, everything you can think of including passenger train services.

      Elon Musk is another example, from cars to space rockets.

      If you focus on one industry or trade and something drastic changes within that industry, you go down the drain after them.

      Cheers
      Lindy
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  • Profile picture of the author George Flm
    I use the hybrid approach. Mingling recurring revenue with high ticket offers.

    The consensus is to plant the seed and let it grow.

    There are skillful writers and video makers out there
    who prefer the security of a paycheck and writing is their thingy.

    Go hire them and feel the thrill of upper management.
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  • Profile picture of the author beasty513
    Wealth is built with multiple streams of income. Focus on one stream until it generates a decent return then invest in another. Rinse and repeat
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  • Profile picture of the author talfighel
    You also want to promote products that earn you residual income.

    Just earning a one time commission will hurt you long term.

    All successful internet marketers promote these types of products all the time. They also promote high ticket products.
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  • Profile picture of the author Odahh
    Originally Posted by workintelligent View Post

    For the longest time, I always thought affiliate marketing is easy since most `Gurus`are preaching that.

    I never knew how hard it was with all the competition and how much I am actually losing out by earning only one streams of income per promotions. My advice for anyone doing affiliate marketing is to focus on promoting products/programs that pays out multiple income streams.
    i tend to stay away from this forum and not give advice or ask questions.. i believe you are using the wrong term..

    are you meaning you should focus on products and programs .. that have residuals payments .. which means you want to narrow it down to some type of subscription products .which will pay you out monthly for the people who sign up through you ..

    is that what you mean ..
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  • Profile picture of the author AffiliatePrograms
    Like palmtreelife above, I'm not really sure what you mean either. These days, however, I will almost never join a program that does not include residual income, i.e. lifetime revenue share. Also, multiple products/service lines in the same program is nice, but it's just as easy to diversify by joining multiple programs in different industries and multiple programs in the same industry.

    Only on rare occasions will I join a program that does not meet those attributes.
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  • Profile picture of the author Ravi Talwar
    yes am also interested for affiliate marketing to generate income
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  • Profile picture of the author pheonix44
    The main thing for you to do is figure out a way to differentiate yourself from others doing the same thing. This isn't easy as a lot of people do affiliate marketing. I truly feel the old school way of building a list and getting close to those on the list isn't the only way to go these days. Now you truly have to focus on providing value on the front end in order to hold interest, which is very challenging to do.
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  • Profile picture of the author sgalla414
    I'm a little confused on what type of advice is being offered by the OP. "My advice for anyone doing affiliate marketing is to focus on promoting products/programs that pays out multiple income streams." One product that pays in multiple different ways? I am unsure if I am missing something, in what way is this possible? Not trying to be critical, just looking for clarification!
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    • Profile picture of the author Jeffery
      Originally Posted by sgalla414 View Post

      I'm a little confused on what type of advice is being offered by the OP. "My advice for anyone doing affiliate marketing is to focus on promoting products/programs that pays out multiple income streams." One product that pays in multiple different ways? I am unsure if I am missing something, in what way is this possible? Not trying to be critical, just looking for claificaRion!

      My thought as well. Though it did make me think of Robert Plank's products wherein the core products have complimentary products that sell separately.
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  • Profile picture of the author PolicyMaker
    Or may be you need to do it differently like MOST GOOROOS DO?

    Are you building a list?

    Beauty of the list is you can bind many products within sequence...

    AND once 30 to 60 day sequence is DONE put maximum effort on just ONE THING driving traffic to your opt-in...

    Then keep optimizing everything...traffic, optin, emails sequences...
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  • Profile picture of the author extrememan
    Never rely on just one income stream. What if that income stream goes away for whatever reason?
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  • Profile picture of the author alliance
    Affiliate marketing is appealing because of low or no entry cost. Make sure your campaigns are building an email list of cold leads that can be marketed to over and over again with different affiliate offers. Don't give up, just innovate.
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  • Profile picture of the author mosbah77
    Hi:
    Frankly only affiliate marketing fro Ebay worked with me but still only tiny amounts of money that will not
    enable me to quite my job
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  • Profile picture of the author chuckholmes
    Rather than focus on a product, or even a variety of products, I would focus on building your list. Do that and you can recommend anything that is relevant for them. If you have a quality lists that likes, knows and trust you, you could probably find 10-50 affiliate products you could promote to them. Without building a list, there isn't much security or stability with any affiliate program.

    When it comes to choosing an affiliate program itself, I like products with large upfront commissions and affiliate programs with residual commissions.
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  • Profile picture of the author cearionmarie
    When starting out, it's best to focus on a single stream. It's not a bad idea actually, as you can focus and learn from that. However, you need to keep your mind open that those who are living comfortably now has multiple income sources.
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    • Profile picture of the author sgalla414
      Originally Posted by cearionmarie View Post

      When starting out, it's best to focus on a single stream. It's not a bad idea actually, as you can focus and learn from that. However, you need to keep your mind open that those who are living comfortably now has multiple income sources.
      This is a really good suggestion. Best not to dilute yourself too much when first starting out. Get good at one thing and then branch into another
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