How To Pick The Right Affiliate Marketing Product
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How Do We Pick The Right Affiliate Product?
To pick the right affiliate product, we need to ask what problem is the product trying to solve? What benefits does the product have alongside solving the problem?
You need to bring value to your potential customers and to create an ecosystem. You also need to know what it is that you are marketing, know the value of the products’ strengths and how they can heal your customers’ pain points. Not only do you have to choose the right product, you also need to do the math to make sure that product is actually making you income!
In my experience, the best selling programs are the ones that start off no more than $100 per month, and offer upsells that have incremental pricing and pay at least 50% commissions.
The Math
For example, a weight loss program that gives you weekly recipes starts out at $67/month.
When your leads decide to join for $67/month, they’re hit with an option to upgrade to lifetime membership of one time fee of $997 which includes bonus items and exclusive access to a member’s portal that gets live training. As they progress, they’ll be hit with another upsell to teach them how to master a certain technique, which is a one time fee of $997.
Let’s put these numbers to the test. One month, you’ve received 100 leads. Of 100 leads, 5 people join the $67/mo membership (That’s 5%). You get 50% of that which is 5 x $33.5 per month. You’ll receive $167.50 every month. If 2 of 5 buyers decide to upgrade to lifetime, you’ll receive $997 the same month.
If 1 of the 2 life-timers decide to buy the mastery course for $997, that’s a total of $2,094.50 with a recurring 110.50 every month, which includes the 3 monthly members, that very month.
Now, imagine this at a larger scale, when you have 100 leads a day with a 5% conversion rate. (Which is at the lower end. If you follow the course I recommend, you will be able to turn the conversion rates up to at least 8% or more.)
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When you have your ecosystem fully built out and working for you (the well oiled machine I was talking about in the previous lessons). You’ll make over 6 figures in no time!
Follow the 6-Figure Ecosystem to the T, tweak it along the way, and be able to finally make those life changing numbers.
Isn’t that amazing? People gravitate towards information, but if you are able to push them to take action while giving them loads of value and good intention, they WILL buy your program.
It’s all about how well you market it and how great the product is. That’s how we raise the industry standard’s conversion rates.
While people make 1% commissions, you make 10% because you provide more than just a sale page to your leads.
Not many affiliate marketers market the right way. That’s why many affiliate marketers fail, because they just send their leads directly to a sales page without giving value.
I hope this session opened your eyes to marketing well with good intention and integrity because we don’t want to be the snake oil sales people we all know exist. We’re better than that.
