Tag Archives | Motivation

Considering Affiliate Networks

By Randy R on March 27, 2011 in !Randy Roedl Internet Marketing, Blog Business, wordpress, Wp Headers, Wp Themes

Considering Affiliate Networks?

The first step in choosing an affiliate network to use is by either signing-up for multiple networks or looking at reviews which can be found all over the internet. Many networks will have the same offers but you’ll notice that some networks will pay more for the same offer when compared with other networks. This tells me only one thing, which is that some affiliate networks are just too greedy and therefore I don’t give them my business. Remember with so many options for affiliate networks to choose from you can always find one willing to pay more so don’t settle for any amount. If you feel that you should be making more per sale or lead then make sure you express your thoughts with your affiliate manager. Often if you can bring in a certain amount of leads or sales then you can get an increase in the amount you get paid, but sometimes they’ll rise the payout just to increase your motivation. I always live by the rule that I’m doing the affiliate network a favour by working with them, so therefore they should bend over backwards to meet everything I need. Once you’ve chosen an affiliate network to be with then you needs to decide upon the next most important thing which is whether you’ll aim to sell products or leads. I always recommend to new affiliates that you begin with lead offers because frankly a user will sign-up for something free well before they buy anything. Let’s talk a look at some of the disadvantages and advantages of choosing either sales or leads and then from there you should have a clearer idea which one is most suitable for you.

Sales

Sales is generally more appealing to a more veteran affiliate marketer rather then a new affiliate marketer simply because it can be difficult to get sales. With sales you’re paid based on a commission, which means you simply add products to your blog and direct people to the product page of the affiliate. If they buy the product you get paid a commission, which basically breaks down affiliate sales. If you have an established niche blog you’ll do well with sales generally, but if you have a new blog then it can be really hard to get sales, and you’ll also lose some readers if you over-promote affiliate sales in the beginning.

Leads

Leads are simply where you send someone to a page to sign-up for something free or to apply for something free. Leads never cost any money to the end user which is why there more enticing for them to complete and why new bloggers should utilize these before moving to sales. You can get paid anywhere from $1-$100 per lead depending on the niche of your blog. Obviously topics like health and finance get paid higher for leads then a sports blog, but whatever your niche is there is usually a lead program you can incorporate.

If you’re considering affiliate networks then I would suggest starting with leads and moving up from there as you gain experience. If you have an established blog and just deciding to offer affiliate offers to your readers then you might be able to make some money with sales. It solely depends on your traffic and you’ll need a fairly good reputation with your readers if you expect to buy something from your blog.

Joint_Venture_Bum

By Randy R on July 14, 2010 in JV

Joint Venture Bum

A great untapped method to online success is a joint venture. Too many people create a product, service, or script that they want to market and become consumed by greed. They do not want to share their potential profits so they attempt to list, market, and generate sales for their idea. They may get sales and make some profit, but what they miss is the greater earning potential that a joint venture brings.

A classic post among webmaster or moneymaking forums is how one can generate an income with little to no work. Everyone wants the bum method to internet riches. What they do not consider is that setting up a joint venture could be their ‘free’ ride. With the initial setup labor and costs, one could sit back and relax while their partner(s) do all the work generating sales. A joint venture cuts out the middleman of affiliate marketing and allows you to pay the marketer directly. What this does is give the marketer a higher incentive than he would normally get with a regular affiliate account so not only do you prosper, but so does your partner. If your partner knows that he can make more money with each sale, he has motivation to sell more. More sales means more money in your pocket. Mathematically, if you do five sales by yourself at $100 per sale, you make $500. Now, if you enter a joint venture with someone whom you agree to pay say 40% of the sales to, you will earn $60 per sale. The difference however is that now you do not have to do a single thing. You just sit while your partner does the work. Additionally, if you can enter in a joint venture with a good number of marketers, you could be making more than a lousey five sales. Just having a team of five marketers selling your product alone will make you more profit than a solo job. If they make at least two sales, you have already made more doing nothing than you would had making five sales on your own. Such is the life of a joint venture bum.

Finding partners to team up in a joint venture is not hard if you know where to look. There are plenty of highly populated webmaster forums where you can offer even your services in exchange for theirs. Make their job even easier and they will surely be more productive for you. If you gather all the tools they will need to market your product such that all they have to do is generate leads, they will be more motivated to join your venture and produce sales. This is where having a good web designer on the joint venture would prove helpful. If you come up with the idea, he can create the sales page, and your marketer can make the sales. You make profit for still doing nothing, the web designer gets more work, and the marketer is getting a higher cut at leass work had he attempted his affiliate program solo too. Joint ventures do more than benefit the creators; everyone prospers if they are constructed properly.

Teamwork always allows for an easier job with quicker results. If you want to make more money with less effort, a joint venture can help you on your way. Choose the right team players, and you could be well on your way to becoming a joint venture bum.

Joint_Venture_Profit

By Randy R on June 19, 2010 in JV

Joint Venture is one of the most powerful marketing strategies ever discovered and if you have not been able to capitalize on it, you are missing out on a lucrative business opportunity. You cannot enter into a joint venture if you do not know what one is or what the benefits are. You have to decide whether or not a joint venture is the means to the results you want.

A joint venture is merely an agreement in which two or more partners work together on a joint goal, project, or marketing idea. It could be short term or long term, but in the end the motivation of a joint venture is profit.

There are many benefits of a joint venture that need to be considered.

* Developing business relationships for life.

Creating a joint venture with other business give you the opportunity to build relationship with them, In the long run, when their business booms and they have a good market reputation, the first person they will be looking for partnership will be those they “trust”.

* Developing an online ‘resume’

If you are able to work with business bigger then yours, you are not only earning a huge personal profit but also gaining credibility as a reputed businessman. You are also gaining references or credentials to promote your credibility further.

* Economically efficient

If you are new to the scene you are promoting, you will undoubtedly need startup capital. This can be quite cumbersome if you do not have it. Joint ventures are partnerships where the costs are divided just as the profits are. You may even be able to enter into an agreement where you yourself do not have to front any cash to begin with. Since a joint venture is also free to start, you may end up saving a lot more forming one.

* Leads and potential customers

With more people to help you reach your target audiences, you can create a few pyramids of traffic and leads. Joint ventures help you not only reach new customers, but guaranteed opt-in leads that your partners may already have.

The benefits of a joint venture may be obvious and appealing, but you also must know how to go about creating one. An efficient and proficient team is just what you will need to be successful. You should be asking yourself what you want to achieve through a joint venture. You will also want to determine who you want in your team and what you have to offer them. After all, what is to make them join you if they are going to be doing all the work? Can you offer them something they cannot refuse?

Joint ventures are a goldmine and valuable asset to e-commerce. If you want to get a head start on any of your projects, they are the means you need. Just as with any other business agreement, take the time to establish what you want and need from a join venture and work it out.

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