![]() |
|
![]() |
|
![]() |
|
![]() |
Once you truly understand the power of backend profits, you'll explode your marketing results and create an unstoppable viral machine.
The techniques I will reveal to you have often been taught in many marketing courses and articles...but they are still underutilized because of two words -- "tunnel vision."
Backend profits means the additional income that you earn from a customer. The first purchase from a customer is the front end profits while the second purchase and so forth will be your backend.
The really good marketers understand that the most money will be made on the backend.
Here are a couple reasons why:
You can charge higher prices for backend products because you've already built a relationship with your customer.
They already know the quality of your product and of your customer service. You no longer have to convince them that you're credible and that your information is good.
You only have to convince them that your backend product is higher quality than your front end product and that they NEED the backend product.
Trust is one of the single most important components of selling. You can earn that trust by providing a good front end product.
Most marketers do not truly understand the power of the backend and that's a fact.
I know because I see very few affiliate programs which pay higher than 50% commission.
Think about this for a minute.
Let's say you sell your product for $50 and you give 50% commission. You have 5 affiliates who each make 10 sales each.
You pocket $1,250 after paying commissions. You now have 50 customers. Five of them end up purchasing your $100 backend product for a profit of $500. Total profits is $1,750 for you.
Now let's consider giving away 75% commission to your affiliates.
By giving away higher commissions, you get 10 affiliates instead of the 5. Ten affiliates making 10 sales each at $50 will make you $1,250 -- which is the same front end profits as before.
Now you have 100 customers and make 10 backend sales for $1,000 profit.
So how did you end up making more when you increased your affiliate commissions by 25 percent? You made it on the backend.
Here's what is happening behind the curtain as you increase your commissions.
You gain more affiliates and subscribers as those affiliates send you more traffic to your site.
Those affiliates are happier with their higher paycheck because you gave them higher commissions. Therefore, they will continue to send traffic to your site.
This cycle increases your traffic over time as you gain more customers, more affiliates and more subscribers.
It's the ultimate viral marketing machine!
More subscribers equal more profits. More customers equals more profits. More affiliates equals more profits.
So is all that worth a hit on your front end profits?
Yes!
The problem most people have is they can't stand to see their affiliates making more than them. Tunnel vision keeps them from seeing all the extra subscribers, customers and affiliates which could be theirs.
Please remember one thing about running your affiliate program.
A 75% reduction in profits is better than a 100% reduction, which is the case if the affiliate had not made ANY sale.
In summary, you should create an affiliate program for your front end product which gives away a majority of the profits.
You should also spend your time creating multiple backend products.
Gary Huynh is a full-time online information marketer. He currently earns money from affiliate programs along with running multiple membership sites. View his weblog at: http://www.garyhuynh.com for more tips and tricks to help you achieve a full-time work from home business.
http://store.xiiiv.com/rssVISUALIZE, STRATEGIZE, ENERGIZE, REALIZE reprogramming is the subject today.Every single... Read More
Every affiliate marketer is looking for exactly what allows those... Read More
Many people with the best intentions fail at affiliate marketing... Read More
If there really is a big secret at all, it... Read More
The chances are that you've seen "Ads by Google" on... Read More
Affiliate Marketing is one of the most effective and powerful... Read More
Day 1 - What Are Affiliate Programs?Welcome to the wide... Read More
We already know about wal mart because of their ads... Read More
How should you organize your online business?Affiliate marketing seems to... Read More
Clearly, the people benefiting the most from affiliate programs are... Read More
I've got a confession to make... what I am about... Read More
I can't believe it! I open up my mail today,... Read More
Every Affiliate Marketing Opportunity At Your FingertipsMaking the decision to... Read More
Internet business is a bit confusing especially if you're not... Read More
You have probably heard "the money is in the list"... Read More
It is an often quoted statistic that about 90% of... Read More
People sign up with affiliate programs everyday, looking to expand... Read More
Throughout the coming weeks, I am going to thoroughly cover... Read More
Every time you turn around it seems you see another... Read More
Joining an Affiliate Program is a great way to start... Read More
There is some speculation about how much money you can... Read More
If you want extra cash every month, you have to... Read More
Once you truly understand the power of backend profits, you'll... Read More
You've probably heard some of the affiliate success stories from... Read More
The ad tracker was originally developed to provide a record... Read More
http://store.xiiiv.com/rssWhen starting a Web business, most people choose a topic... Read More
Day 1 - What Are Affiliate Programs?Welcome to the wide... Read More
Millions of people sign up for affiliate programs, but have... Read More
If you truly want to generate sales, one great way... Read More
I have been working on the Internet now since December... Read More
Affiliate marketing is a very hot topic on the web... Read More
It surprises me that many people fail to grasp this... Read More
As an on-line business entrepreneur it is your job to... Read More
I've got a confession to make... what I am about... Read More
I am not going to describe what a product feed... Read More
In researching most successful online businesses, you start to notice... Read More
Requesting information on an affiliate program is an open invitation... Read More
You must have been exposed to the online hype, and... Read More
1. Participate in chat rooms related to the product you're... Read More
The web has developed in such a mass marketing arena,... Read More
Articles are the perfect promotional tool for your affiliates -... Read More
"Where is all the help I'm supposed to get. I... Read More
Good affiliates can be hard to get. There could be... Read More
I can't believe it! I open up my mail today,... Read More
How should you organize your online business?Affiliate marketing seems to... Read More
Free Articles continue to be one of the most effectiveways... Read More
In the affiliate world, just as in the rest of... Read More
This is a technique I teach almost every day. Yet... Read More
More and more people are getting into online businesses for... Read More
Many people look at affiliate programs as one of the... Read More
http://store.xiiiv.com/rss
Affiliate Revenue Affiliate Revenue |