Affiliate Marketing Strategies – How Much Money Can You Make?
One of the great advantages of affiliate marketing is that, while there ARE limits on what you can make, those limits are pretty far up there! Experienced marketers using well-thought-out affiliate marketing strategies regularly make monthly incomes in five figures and often hit six figures monthly!
Many thousands of affiliate marketers make monthly incomes in the low to mid-range four figures, receiving regular paychecks for commissions earned. Whatever the affiliate marketing programs they participate in, the successful ones are pursuing methodical, effective strategies that they have learned and mastered.
Some build lists of prospects that they send e-mails to on a regular basis. A rule-of-thumb is that every name on your mailing list will/should account for $0.50 to $1.00 in sales (on average) per month. A list of 1,000 prospects and good sales letters should produce $500 to $1,000 in income per month.
Similarly, a list of 10,000 prospects would produce $5,000 to $10,000 per month in income. The affiliate marketing strategies used will normally include a marketing “funnel” whereby good $5.00-7.00 products will be offered and sold to many, leading to $17 products then $37 and so forth. Start low build high.
Other effective affiliate marketing strategies may include pay-per-click (ppc) promotion of the latest “hot” products. Marketers look for popular products with good commissions and low cost per click advertising. Then they do tests to find effective key words that bring in more income than they cost.
Once they find keywords that cost them, say $0.30 per click on their ads, convert at 2% and yield commissions of more than $15 per sale, (do the math!) they are making money. Then they just fine-tune to find better key words, cheaper ads while they search for additional products with higher commission dollars per sale.
It gets down to a numbers and probabilities science after a short while. Many Internet marketers make their entire livings in this manner. Your income is determined by the number and size of campaigns you are running and the margins between ad costs and sales commissions as determined by your sales conversion rates.
Still others build niche marketing informational sites to attract visitor/prospects for affiliate marketing products they want to sell. They set up to generate “organic traffic”, optimizing their websites with search engine optimization (SEO) techniques, putting up pages of relevant info and getting relevant backlinks.
They get visitor traffic from those who type in searches on their keywords. These searchers then find their websites prominently displayed on the first pages that appear in the SERPs (Search Engine Results Pages). Your income is a function of the number of sites you operate, their sales volume and your costs.
Other workable affiliate marketing strategies worth mentioning include finding a product that is selling and that you believe you could make or create a better product. Then you become active in affiliate marketing of all of the competing product versions to learn the market and learn what buyers are looking for.
In the meantime you start on developing your own product. When you are ready, you begin to push your own product and crush the competition by having a better product and excellent marketing know-how for that product. When you sell your own products, you keep 100% of the proceeds… and get other affiliate marketers to help you!
There are many affiliate marketing strategies that work and several combinations that work well together, in concert. For more details about any of these strategies, and how much money you can make with them, follow the links below…