How to Earn High Commission For Affiliate Marketers
In order to become a successful Internet Marketer and earn high commission, there are five critical components which determine your success as an affiliate marketer and you have to master them before anything else.The first one is your market.
You have to ask yourself: what niche do I want to go into? Before you do make sure that there is a need for the product. Above all else, do some brainstorming first and some market research to start with.
The second component in order to earn high commission as an affiliate marketer is your offer. It is a common misconception among business owners to believe that their product is what people want. But what people really are looking for is a solution to their problems.
Just to illustrate my point: what people want is a hole, when they buy a drill. Their real problem is to get a hole, for which they need a drill.
Get into your prospects shoes and think about what they really want to achieve with your offer. No matter which market you choose, your must market your product as a solution to their problem.
The third component for earning high commissions as an affiliate marketer is traffic. It is crucial for your success as an internet business owner to have traffic to your website as much as it is for a shop owner in a shopping centre. Without traffic there is no business. But you have to get targeted traffic, that means: limiting the number of window shoppers and boosting the number of real customers and prospective customers. It is equally important to get your offer in front of the right people as it is to make the right offer.
There are markets within markets or niches within niches. You have to find out what the specific segment of your market is that will be most interested in your offer before you start advertising to get traffic to that section of the market. In other words, proper market research will show you who to target and where.
The fourth component is a market term that is called "backend". The backend refers to the offer you makeas follow up after an initial sale is made; among the other two terms used by marketers: "front-end" and "midlevel", as being the different points along a sales funnel.
The "frontend" refers to the lead product you advertise to your market from your website.
The "midlevel" offer tries to persuade the customer to buy a related additional product at a discount.
The only real levels are the "frontend" and the "backend", because the midlevel is just an optional upgrade to the front-end offer.
Most of your income will be generated from your backend offer. That means, you have to follow up with your existing customers with relevant offers.
You can not rely on frontend sales alone in order to have a successful business.
You need to maximize your profit zone from every customer by including a decent backend follow up series in your sales funnel, otherwise you are leaving money on the table.
The fifth component that is necessary in order to earn high commission as an affiliate marketer is duplication. That means: duplicate your existing business model or system into other markets or into horizontal product lines within the same market. Duplication means multiply your overall profits by creating multiple streams of income. This is crucial for a variety of reasons. First, there comes a point that your business becomes saturated, that means you can't get more profit from your first business.Duplication allows you to double your income, in as many markets as you like.
This sums up the last point of the five components which are needed for a successful internet business.
Adrian Joele has been involved in Internet Marketing & MLM for more than 10 years and he likes to help people building their business and share his knowledge with anyone who could benefit from it.
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