YES! With affiliate marketing, done the right way, you can fire your boss!
Every business, no matter what they offer, directs people to their offer in hopes they will buy. Directing people to an offer is called marketing. Affiliate marketing is directing people to an offer for a percentage of the revenue when they make a purchase and business are investing in companies like Entre Institute that helps them with the marketing aspects of their business.
Affiliate marketing is similar to referral marketing in that both refer people to an offer. Affiliate marketing, however, typically refers to people beyond the personal range of influence and is mostly known on the Internet.
More people are familiar with affiliate marketing on the Internet, but any marketing that shares the revenue of a sale is considered affiliate marketing.
The percentage of the sales commission paid in affiliate marketing is generally agreed upon in advance via an affiliate marketing agreement.
There are many ways affiliate marketing can be done, and although most commonly known on the Internet, affiliate marketing includes offline marketing such as event promotions and direct mail as well.
Generally, affiliate marketing online is done through a blog or website, advertising, or articles. A blog or website, for example, can be developed for affiliate marketing in order to target a specific group of people, such as skydivers, to direct people to a specific offer, such as skydiving lessons. Advertising can be bought that targets people looking for specific offers and directs them to an offer or articles can be distributed with links to the affiliate marketing offer.
Key factors to consider when deciding on offers for affiliate marketing are the percentage of sales commission you receive, a high perceived value-to-price ratio, and a high conversion rate for the affiliate marketing offer. If any of these factors are inadequate, you won’t generate enough income to fire your boss.
Typical commissions for affiliate marketing range somewhere between 5% and 10% but can go as high as 25% in some cases. The digital product offers typically have higher commissions because the same product is sold over and over. Commissions can range as high as 75% on these types of offers, but the price is generally lower so A LOT of sales are needed in order to fire your boss.
Of course, the higher the price of the offer, the fewer sales you require to fire your boss. But, if the perceived value to price ratio is low, the conversion rate (see below) will also be lower. The optimal would be to direct people to a high-priced offer with a substantially higher perceived value. For example, an offer perceived as having a value of $9,000 that is sold for $1,000, has a higher perceived value to price ratio. Merely saying that an offer has a retail value of $9,000 doesn’t actually give it a perceived value of $9,000. The buyer sets the perceived value in their own mind.
Conversion rate is the percentage of people who make a purchase, once they’ve seen the offer. One factor that influences the conversion rate is how targeted the audience is to which the offer is shown. For example, offering child care to people without children will have a lower conversion rate. Offering a cold drink on a hot day is more likely to produce a higher conversion rate. There must be a high perceived value to price ratio for the offer to convert well. Offering a cold bottle of water for $500 would generally be considered very expensive for the perceived value. However, if the offer were shown to someone who is surrounded by money but dying of thirst, then the perceived value, and therefore the conversion rate, would be higher.
Conversion rates also depend on the company’s ability to sell what they offer. When considering whether or not to direct people to an offer, preview the presentation of the offer for appeal and professionalism. If you direct people to an unprofessional website, you are wasting your time. You can often determine very quickly whether or not you want to include their offer in your affiliate marketing business.
Conversion rates for offers online tend to range from 3 to 5% which is considered fairly good. To get 7 to 12% is considered great, and 15 to 25% is considered exceptional. Anything higher is considered astronomical.
Ultimately, in order to fire your boss a lot sooner, you want to keep 100% of the commissions on offers that over-deliver and have a very high perceived value to price ratio with a proven conversion rate over 42%. And…today is your lucky day! Such an affiliate marketing offer now exists and you are only a click away from learning all about it.
Are you ready to fire your boss?! Now you can! By affiliate marketing this offer. Click the link, watch the video and take action! Your life will never be the same.