Video #2: Creating Passive Income On Interent With Tier 1 Affiliate Products
Cannot Watch The Video Or Listen To It? Read The Transcript.
This is Srini Saripalli and I welcome you to the video of the day. On this video today I want to share with you “the Power of Passive Income.”
If you are an affiliate marketer, promoting the affiliate products driving, PPG or PPC traffic or say promoting those products on your blog, you are going to love this tip.
Most affiliate marketers find the most highly paid item, an item that may be $600 or $997 and they promote it. The idea behind this is the cost of promoting a $27 product or $997 product is the same. The difference is you get 50% of $997 so you make about $500 and then 50% of $27 is $13 and 1/2 dollars which is lot less money eventhough the effort is same.
Now I want to show you two different checks to demonstrate this principle. Now in my hand I have a cheque from bluehost, which is a hosting company and they sent me about $130, I don’t think you can see this, but if you trust me it is $130.
The second check here is from wildwestdomains , I am one of the resellers of godaddy which is Alma Domains and this is a check from them, which is about $24.
Now they are not big amounts. But the point I am trying to make here is these are recurring. That means once you are done doing the job you are not going to have any attrition . I mean you will have some attrition, people will drop out. But then they will continue to stay, use the service. As long as they use the service, you are going to make money month after month.
So you decide. $997 you probably sell two or may be three sales, you are going to make $1500. Imagine getting $130 every month for the rest of the life, as long as the people whom you recommended will use the service.
The reason why I like hosting companies, auto responders, domain name registering services, because they are cheap, people want them. Once people have them, they cannot detach from them. This is what I call ‘tier1 affiliate products.’ Please spend some time on this because this is very crucial.
You will have more sales and then you will have recurring sales, you will have recurring commission and people cannot detach and then you create a passive income. And then Internet Marketing is all about ‘residual or passive income.’ As long as you get this principle you will make a lot of money.
So that being said, thank you for watching this video and if you like this tip, go down please leave me a comment or two and that will encourage me to come back and give you more content. So please leave a comment for me and I am going to see you tomorrow again on the same blog with another video tip of the day.
Cannot Watch The Video? No Worries..Here is a transcript of the video. Edited for better reading
This is Srini Saripalli and I welcome you to the video of the day. On this video today I want to share with you “the Power of Passive Income.”
If you are an affiliate marketer, promoting affiliate products driving, PPC or PPV traffic or say promoting those products on your blog, you are going to love this tip.
Now most affiliate marketers in the business only promote highly paid items, they seach for items that are priced around $600 or $997 and they promote them.
The idea behind this is the cost of promoting a $27 product or $997 product is the same. The difference is you get 50% of $997 so you make about $500 and then 50% of $27 is 13 and half dollars which is lot less money even though the effort is same.
I want to show you two different checks to demonstrate this principle. Now in my hand I have a check from bluehost, which is a hosting company and they sent me about $130, I don’t think you can see this, but if you trust me it is $130.
The second check here is from wildwestdomains , I am one of the resellers of godaddy which is ‘almadomains.com’ and this is a chek from them, which is about $24. Now they are not big amounts. But the point I am trying to make here is these are recurring.
That means once you are done doing the job you are not going to have any attrition . I mean you will have some attrition, people will drop out, but most will continue to stay, use the service.
As long as they use the service, you are going to make money month after month. So you decide.
$997 you probably sell two or may be three sales– you know – make three sales, you are going to make $1500 once and you are done with it. Now imagine getting $130 every month for the rest of the life, as long as the people whom you recommended are using the service.
The reason why I like hosting companies, auto responders, domain name registering services, because they are cheap, people want them. Once people have them, they cannot detach from them. This is what I call ‘tier1 affiliate products.’ Please understand this and spend some time on this concept because this is very crucial.
You will have more sales and then you will have recurring sales, you will have recurring commission and people cannot detach and then you create a passive income. Moreover Internet Marketing is all about ‘residual or passive income.’ As long as you get this principle you will make a lot of money.
So that being said, thank you for watching this video and if you like this tip, go down please leave me a comment or two and that will encourage me to come back and give you more content. So please leave a comment for me and I am going to see you tomorrow again on the same blog with another video tip of the day.
This is Srini Saripalli signing off. Wish you all the best. Thank you.
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This blog was created by Srini Saripalli to address more tactical aspects of internet marketing.
The cats you are releasing every day from your bag are catching the mice. Thanks
Awesome! awesome! awesome!
I never looked at it that way!
I enjoyed your tip. Thanks very much. The bottom line is not to focus on only today but tomorrow also.
Thanks and I wish you continued success. You share it.
Aloha!
What do you guys think? Shall I post more videos like this? Send me some questions..
Srini
Yes Michelle, its all about continuity..:)-
Yes Srini… More tips - more sharig your knowledge. Continue.
tips are easy to follow more expected.
Hi Srini,
It is disappointing. Your daily tips are not there. Put some every day. They are very much helpful.