Why Most Internet Marketers Fail. Big time.
Most affiliate programs suck. Few visitors care about them, few visitors end up buying them, the payout is low, and it’s usually just a one-time pay out. If this sounds like your program, think about starting over. Your success depends on your program: if it fails, you’ll fail. If it’s hopeless, the best thing you can do might be to just start fresh.
To find the best affiliate program, just do some number crunching. I know, I hate math too. But this is essential.
Let’s say you are selling an ebook. The ebook is 30 bucks. Let’s say that you have a great conversion rate, and about 1% of people will buy your program. For most ebooks, this is unrealistically great. But let’s play with the idea for a second. Let’s suppose the affiliate program is generous and you make 10 bucks a sale.
If a thousand people go to your website every single day, and one thousand people see an advertisement for the program, let’s pretend like you’re a great marketer. Your amazing copywriting gets about half of these thousand visitors to click. That’s 500.
Now let’s say that these individuals click the link, and 1% of them convert. They decide that they just can’t live without this program, and that it’s worth spending 30 bucks to read. That means that you make 50 bucks. After hours of work and years of labor, you’ll make about 15k per year. And that’s presupposing you have a super-high source of targeted traffic, which isn’t going to happen for most people. This is unacceptable.
While writing this, I actually laughed out loud. It’s so sad, really. It takes over a thousand targeted visitors to make 50 bucks for most affiliate marketers. If this is true for you, do yourself a favor: Start over with a better program.
I market SiteBuildIt almost exclusively, because I would be wasting time to market anything else. SiteBuildIt is basically an all-in-one hosting package. It’s marketing, hosting, ebooks, community, blah blah, amazing amazing, blah blah. I’ve used it before, and it’s actually what it’s cracked up to be. But that’s not why I market it. I market it because to NOT market SiteBuildIt would be stupid. Remember the 1000 visitor statistic above? Let’s look at how SiteBuildIt works with it. Let’s say I have a webpage about websites and making money online. I can turn pretty much any article about internet marketing, making money online or working at home into a long subtle landing page for SiteBuildIt. This means it’s easy to get the 1000 visitors.
The program has an average conversion rate among the entire industry of about 3%. That means you make 3 sales per hundred visitors. Supposing I’m an amazing copywriter like the one we talked about above, this means that 500 people will click the link. My conversion rate is about 5%, but let’s just downplay it to be realistic. Let’s keep it at 3%.
This means that I make 15 sales per thousand visitors. We’re just getting started. Most ebooks or programs would pay 10-20 bucks. SiteBuildIt pays $75.00. That’s $1,125 per thousand visitors. That’s a buck a visitor. The best part? It’s not just a one-time payment…it’s residual. That means that if I keep up the 1000 visitors per day, Ill make over 300k the first year. Since it’s residual, I get paid again next year from last years traffic… PLUS next years traffic. That means next year I make 600k. Next year is 900k.
It’s pretty simple. If you market affiliate programs related to finance, making money online, or anything like that, you can’t afford to not market SiteBuildIt.
$50 or $1,125? Do the math. Click here to join the SiteBuildIt affiliate program.
Life's More Than Just Money...
But it sure helps a lot. I'll be honest. I started and run this blog to make money, and I make thousands just writing about topics that interest me. A lot of friends were asking me how I did it, so I wrote three quick posts and put them over at my new blog called "Make Money". Check it out and see if making money online is for you.
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Wow I didn’t do the math. You make an excellent point,but I was wondering.. I don’t have a website of my own to park my blog, do you think that would have a massive negative impact on my traffic and my sales ratio? Or has a blogger site been able to become successful?