asmondy
Affiliate marketing is the ultimate dream job if you think about it for a moment. You are your own boss and do not have to answer to anyone except yourself that is. You set your own hours, and the sky is the limit to how much you can earn. But the one thing that most do not seem to realize is the competition factor and how many others have the same idea that you do for making a living online with affiliate marketing. So the competition factor is huge but that is just one hurdle that a new affiliate needs to overcome. The single biggest factor is setting the economics in your favor. Those that do this from the beginning are the ones that are going to succeeded. Not only succeeded but live the dream affiliate marketing lifestyle. When I say setting the economics in your favor, what I mean is know your numbers on how much you can pay for your traffic and how much it is going to cost you to get a conversion or a sale. See the difference between an advertiser and the affiliate.continue later
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asmondy Advertiser has a back- end funnel in place and the person starting out does not. So you can say he doesn't even stand a chance before he even starts up against those two major factors the economics and the competition factor. So if I can stress to any struggling person that is just starting out to know your numbers and set in place ways to increase the value of your visitors and how much you can pay for your traffic. Most marketers do this simply by building an email list and capturing that lead oppose to just sending the visitors to a sales page or offer. When you do this you are increasing your chances and your economics more in your favor. Just like a savoy investor. Most savoy investors know how much they are going to make before they even make the investments. That is what you need to be doing to secure the fact that you make money every time. Things that you should have in place before you start to drive traffic to a offer. 1. Know the lifetime value of a customer 2. Know your conversion rate
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asmondy 3. Set up your funnel and build a list of your leads to increase your chances of a conversion or a sale. 4. Know exactly how much you can invest on traffic or the price that you can pay for clicks in order to stay profitable. Most off do not try to recreate the wheel! In other words look around at what is working right now for others and try to come up with your own little take or method/angel to what is working for them.
