So you want to make a six figure income with residual affiliate marketing? Well, that's a very ambitious and worth-while goal. Have you decided on which opportunity to pursue? Have you completed detailed research on your options? Have you talked to people who are actually doing it?
One way to begin is to make a list of all of the residual affiliate marketing opportunities. These would include utilities as well as anything else people buy on a regular basis. Once you have your list, do your research in order to determine which ones are legitimate opportunities.
Now prioritize your list. You want to evaluate the residual income opportunity based on several factors:
Start-up costs
Commissions
Days-to-commission
Company history
Selling process
Compatibility
Start-up costs include any fees the company charges you to begin working as an affiliate marketer. You should also consider if those fees make sense and how much of the fee amount goes toward your commission. The higher the amount, the less
Commissions are the dollars you receive when you sign up someone else for the products/service or the business opportunity. Determine if you will receive up-front commissions and/or residual commissions. Then evaluate whether the commission forecast will allow you reach your goal of making a six figure income in the time frame you are trying to reach.
Days-to-commission is the number of days before the commissions hit your bank account. Included in this equation is the selling cycle which is the time it is estimated to close a sale from the beginning of the sales attempt. There usually is a few days between the time the sale closes and the time the commissions are paid. Determine if there is a method of getting paid via direct deposit rather than by check. US mail delays the commission check by a few days at best.
Company history is the length of time the company has been in business, who started it, how did the company evolve over time, strength of company and upper management, etc.
Selling process is the process you will follow to sell the products/services and/or business opportunity. The selling process begins with the inventory of leads (your prospect list) and continues until the signature is placed on the bottom line. In some cases, payment will need to be made in order for the prospect to become a customer. In other cases, the prospect simply needs to agree to terms and conditions then sign the agreement. Will the process include online marketing efforts/offline marketing efforts, or both?
Compatibility is the level you feel compatible with the opportunity. This may include personal beliefs about the company, product, or service, You want to be comfortable selling and the more compatible you are with the opportunity, the more natural it will be to sell it.
You will most definitely receive a higher sense of satisfaction in all facets of your life once you learn how to make a six figure income with residual affiliate marketing. Keep in mind that moving from where you are financially to where to want to be in the future may take time, effort, training, and personal growth. Most people make significant changes in their personal life in order to achieve substantial financial goals.
There are plenty of resources available to those who are serious about earning a residual income as an affiliate marketer. Take the time to research those resources as well.
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