
Hi there!
If you’ve ever dreamed of earning $10,000 a month, affiliate marketing could be the key to your success. However, it’s unrealistic to anticipate immediate results, much like planting a tree. There are key stages in nurturing and growing your efforts to reach that goal.
Imagine there are five stepping stones across a river you must cross, each one crucial to reach the other side. You must tread these stones regularly, some daily, others weekly, or twice a month. Steadiness beats a single leap every time.
Let’s start with the first and most vital stone.
Email marketing is ten times more effective than social media marketing.
You can share affiliate links on Twitter, Instagram, or TikTok until you are blue in your face.
By using an email list instead, you can increase your income tenfold.
How do you grow your list?
You give away a freebie of high value to your audience. If you already have followers on social media, this is where you start.
Get an autoresponder.
Invite your existing followers to join you there and give them your valuable freebie.
And now you can send them emails.
Rather than relying on your preferred social media platform to distribute your content to the appropriate audience, you now have control.
You can send emails directly to your audience. You still need them to open your emails, but we will take care of that in the next section.
What would you rather savor?
Would you prefer a tasteless piece of fruit bearing an affiliate product tag? Or a juicy, delightful treat that naturally leads to the promotion of a product that will enrich your life?
Your audience isn’t any different.
If they find your emails always ripe and satisfying, they’ll eagerly open each one. Not everyone will, of course. It’s rare to achieve a 100% open rate.
But if you always aim for the sweetest fruit and put yourself in the receiver’s shoes when crafting an email, you’ll harvest high open rates.
This doesn’t guarantee that everyone who opens it will take a bite or buy. But you can certainly increase your chances.
You could be crafting the most delightful emails in the land, making your readers giggle with every message, but if you offer them the wrong fruit, you won’t see a harvest.
It seems logical, doesn’t it?
This is why finding the right offer is essential.
The right offer will:
• Nourish your audience.
• Be priced just right.
• Provide you with a rewarding commission.
The order matters here.
Think of your audience first. What will feed their needs? What will help solve a problem, save time, or earn more?
What do they truly desire?
If your affiliate product does not meet their needs, it would be best to move on.
It should also be priced appropriately.
If you offer something valuable, like a month-long retreat in Bali, for $7…
Your audience will wonder, “Why is it so cheap?” Something’s amiss. I don’t trust it.”
Conversely, if it’s priced above its perceived worth, no one will bite.
Your audience must feel it’s worth exchanging their money for the offer.
Occasionally, you may come across an offer that meets all these criteria.
Perhaps it’s a membership costing $500 a year. This price is quite reasonable, especially when you consider the wealth of assistance and money-making tips it offers.
But your take is only 10%.
This means for every $500 your subscribers spend, you pocket just $50.
Generally, selling a $100 product is easier than a $500 one. And most digital products offer a 50% commission.
Here you must estimate:
How many $500 products can you sell, and what will that yield?
How much money can you make from selling 100 products?
If you sell two $500 products, you’d make $100.
And if you could sell ten $100 products, you’d make $500.
The important factors are the commission you can earn and the effort required to make the sale.
Even when you present a near-perfect offer to your audience, some will remain undecided.
Or they might consider buying from someone else.
Affiliates often promote the same products, so you’re constantly up against competitors with larger orchards. And some of your subscribers may be in theirs, too.
To draw in those fence-sitters and ensure your shared subscribers choose your offer, you need an irresistible bonus.
Preferably, this bonus will be even more enticing than the product alone.
If you notice a flaw in the product, seize the chance to patch it with your bonus.
If there’s a way to enhance the product, do so with your bonus.
Visualize a limited-time offer as a meteor soaring through the night sky. During a launch, this star naturally burns brightly for a brief moment. Your bonus and campaign are like constellations, following the same celestial path. But even if it’s not a launch, you can still create your shooting star by setting a time limit on your bonus offer.
Tell your audience that if they reach for the star now, they will catch your dazzling bonus. They can always gaze at the sky later, but the bonus is only there for a fleeting moment. By infusing urgency, you will attract more stargazers to seize the opportunity.
You need to continue taking these steps.
Every day, you should do something to grow your list.
Every day, you should send out engaging emails to train your subscribers to open your emails.
Every time you want to promote an affiliate offer, you must find it and create a great bonus.
With these five steps, you can grow your income to $10k or more per month.
That’s it for today’s post. Please leave a comment below to let me know whether you appreciated this content or have any questions!
-Eric
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