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The Secret to Creating Wealth through Affiliate Marketing

Written by: Jeff Casmer

Article Overview: If you, like many online marketers, are looking for a way to increase your affiliate sales you may want to consider residual affiliate programs. What is the secret to creating wealth?

The Secret to Creating Wealth through Affiliate Marketing

If you, like many online marketers, are looking for a way to increase your affiliate sales you may want to consider residual affiliate programs. What is the secret to creating wealth? Affiliate marketing, if you don't already know, is a risk-free form of advertising in which a company pays its affiliate partners a commission for sales and/or leads generated through the affiliates marketing activities.

Most affiliate programs reward their affiliates once for a sale, but some reward their affiliates over and over again. This is called a residual income and this, my friend, is what I call earning smart money.

Residual income, also known as passive income, is income that continues to be generated after the sales effort has been expended, this compared to a linear income ( a wage or one time commission) is a more effective way to make money online and the true secret to creating wealth. When you earn a linear income you are being rewarded directly for your efforts. But when you earn a residual income your efforts don't expire, you continue to earn money from your initial efforts and you have time to devote to other things, including learning how to improve your marketing techniques.

Here's an example: merchant A and merchant B both offer web hosting services. The first merchant offers a one-time commission type of affiliate program that pays $80 for every sale you make as an affiliate. The other offers and a residual affiliate program that pays only $10 for every single affiliate initiated sale. Now, initially you will want to work with merchant A since $80 is a larger offer. However, consider what making a lifetime commission on an initial sale is worth and suddenly $80 isn't such an attract offer.

If you direct traffic to merchant A and it is converted into a sale you will only get paid once. But merchant B will reward you monthly for as long as the customer you have referred to the merchant continues to use the web hosting service. This means that without working any harder you are actually increasing your income.

What would you rather do--work hard to get paid once or work hard and get paid several times over.

Residual affiliate programs are not always easy to find, but they are worth the hunt if you want to find the secret of creating wealth. Many companies prefer to operate linear income opportunities. However, you can usually find passive income opportunities tied with weight loss programs, web hosting sites, and music/video download sites. In other words sites that work on a subscription basis are great places to look for residual income opportunities. Each time the customer renews his or her subscription or policy you earn a commission.

Note however, that just because you are earning a residual income does not mean that you can cut yourself from your customer. In order to get the customer to renew their subscription or continue to purchase products from the merchant's site, you have to keep in touch with them. So while you do not have to throw your marketing efforts into gaining a new customer, in order to gain financial stability, you do have to put time and effort into making sure the customers you do have are satisfied. Often it can just be contacting your customer to remind them of the renewal date. But some communication is required otherwise you could lose potential profits.

But merely calling to remind a customer of their renewal date is no way as much work as working 50 hours a week for a set linear wage.

Most people who have made a significant amount of money online will attest to undertaking a residual income strategy. And if you are serious about finding the secret to creating wealth and financial freedom for yourself online then it is definitely something to consider.

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Article Tags: affiliate marketing, affiliate partners, affiliate programs, affiliate sales, creating wealth, initial efforts, lifetime commission, linear income, marketing techniques, online marketers, passive income, residual affiliate program, residual income, sales effort, smart money, time commission, traffic, way to make money, web host, web hosting services



Related Forum Posts
Re: Affiliate Marketing - Open for Discussion - Carol, Mary and David - thanks for your great input and insight on Affiliate Marketing! This is the kind of discussion I was hoping for in this thread. There are pros and cons to Affiliate Marketing, just as there are to any business. As has been suggested, he best policy is to proceed with caution and do some research before jumping in. As Carol has recommended, this topic thread in the EvanCarmichael.com forum is the ideal place to ask questions and seek further input on available Affiliate Marketing programs. If a person is serious about building an online business and is interested in Affiliate Marketing plans, they should approach the process as they would any other form of business. Research, ask questions, compare opportunities, participate in forums on online business and Affiliate Marketing. GT :-]
Re: Affiliate Marketing - Open for Discussion - Hi GT Affiliate Marketing is one of the easier ways to get started making money online, but it does take quite a bit of work before you see any great results as you have to keep promoting constantly. It does teach you one hell of a lot about all aspects of Internet Marketing though as you will need to learn how to write and submit articles, create and maintain a blog, social networking is a great help to affiliates too..the list goes on and on. In fact from what you learn from Affiliate Marketing you can apply to any niche and be sure to succeed, take care, Carol
Re: Affiliate Marketing - Open for Discussion - You made some very good points here Jeff and I agree with you, Affiliate Marketing should not be something that you concentrate all your efforts into. As i said earlier I have learned a lot with Affiliate Marketing and continue to do so, and it has helped me tremendously to understand what I am going to have to do in my chosen niche(s). I am also being coached by the same group of mentors as GT and we are all moving forward daily to achieve our ultimate goals. Take care, Carol
Re: Should Evan add a "Social Media Marketing" category to the f - Hi, Online Marketing would be a great title, and having sub categories would make it even better, there would plenty of categories to choose from, Social Media, SEO, Article Marketing and yes even Affiliate Marketing to name just a few, great looking site btw Jeff, take care, Carol
Re: Internet Marketing is the best business in the world - No problem. I am also interested in creating an ebook one day and am glad that I can finally contribute to someone who is, maybe not so up to date in an area that I have some knowlege of. Also I forgot to mention Affiliate Marketing from my previous post. Getting others to sell WhyNot's ebooks for him is a great way of promoting as well.


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