Affiliate Revenue – Increasing Your Commissions
What and what do you concentrate on if you want to increase your affiliate commissions? You’ll have to do just two things to increase your commissions massively.
Increase your traffic and increase your conversion rate.
I’ll buttress this point with this example…
Let’s say you send 1000 visitors to a merchant monthly and just 2% convert to buyers. If your commission per sale is $50, you’ll get 20 x $50 = $1000.
Now look at this…
If you increase your traffic to 2000 and increase your conversion rate to 4%, you’ll get 80 x $50 = $4000. That is, four times more just by doubling your traffic and doubling your conversion rate.
Easy to calculate, but how do you do it in real life?
Simple! For a product that gives a commission of $50, a conversion of 2% is poor. There are affiliates who convert between 10 – 20% and above monthly. It has been discovered that such highly converting affiliates always have high conversions every month. Their numbers vary but you’ll not see them ever drop out of 10 – 20%.
It is from these affiliates that we’ll learn: They presell. They don’t sell on their sites.
Preselling is an act where you build a prospect’s confidence in your expertise and bring him/her to a stage where he/she is comfortable following your advice. Like all good things, it takes time.
The good news is that everybody can do it if they learn how. It’s not complicated. Yes, you’ll have to work at it to become very good but it is very doable. If you’re serious about taking your affiliate revenue to the next level, you have to develop this essential affiliate skill.