Residual Income & Recurring Income Secrets
Residual income opportunities sound great but affiliate marketers often struggle with promoting them the right way for maximum conversions and profits.
So let me go through some common mistakes and also some top tips for promoting recurring and residual income opps.
You’ve found a good affiliate program, one that pays you recurring commissions on a high-quality product or service.
You’re just imagining all the money you’re going to make. But then something happens…
Or to state it more accurately, nothing happens. You can’t get traffic. And the little trickle of traffic you do get doesn’t seem to convert very well. And so all your dreams about raking in tons of recurring commissions get crushed.
So what’s the problem?
It could be a number of things, but here are the three biggest mistakes that affiliates make with residual income promotions:
Residual Income Mistake #1: Sending untargeted traffic.
If you’re using “home page swaps” to sell dog training, that’s untargeted traffic. If you’re using a vague pay-per-click keyword like “dog training” to sell a dog agility course, that’s untargeted traffic. Or if you’re sending weight loss offers to your online marketing list, then you’re tapping into an untargeted traffic source.
Point is, you’ll get a much higher browser-to-buyer conversion rate if you send laser-targeted traffic.
Example: So if you’re trying to sell memberships to a weight-loss site that’s designed for women, then find women who need to lose weight (brides-to-be, new moms, those who’ve experienced the “Freshman 15” or middle-aged spread, etc).
Residual Income Mistake #2: Neglecting to presell the offer.
You can’t just throw your affiliate link in front of your prospects and expect them to jump all over the offer. Instead, you need to tell them why they should buy it.
Once your prospects are “warmed up” and interested in the offer, then you can send them to the sales page to close the sale.
Residual Income Mistake #3: Not building a relationship with prospects.
Let me ask you something: Whose advice do you trust more, your friend’s or that of a stranger you just met on the street?
Naturally, you trust your friends more. And so do your prospects. That’s why you’ll get more sales if you build relationships with your prospects before you start selling to them. You can do this by publishing a blog or newsletter and interacting with your readers.
Now you know the mistakes. So let’s talk about the RIGHT way to send traffic to your recurring affiliate offers…
Step #1: Create a Mailing List. For this step you’ll need:
• An autoresponder, such as through Aweber.com or GetResponse.com. You can take aweber for a test drive just by filling out the optin form in the sidebar on my blog.
• A freebie to entice people to join your list, such as an ecourse, report or video. This freebie should be directly related to the affiliate offer you’re promoting.
• A squeeze page. This is a mini sales letter that gives your prospects all the reasons they should join your list.
Now your goal is send traffic to your squeeze page to build your list (rather than sending traffic directly to your affiliate offer).
You can do this in a variety of ways, including:
Forum marketing (using signature files).
Writing and submitting articles to article directories.
Guest blogging (getting your articles published on other people’s blogs).
Using social media like Twitter.com and Facebook.com.
Leveraging other peoples’ resources through joint ventures.
Step #2: Build Relationships With Your Subscribers.
Now that you have your prospects on your list, you need to start building trust.
The best way to do this is to send them useful content. In other words, solve at least part of their problems… for free.
Step #3: Give Your Subscribers a Reason to Buy.
The last step is for you to start telling your subscribers about the affiliate product or service you’re promoting. At a minimum, you need to tell them WHY they should buy. That is, what are the benefits of this product or service?
You can also sweeten the deal by tossing in your own bonus for those who purchase the offer through your link.
Example: If you’re selling memberships into a weight loss site, then offer a free low-calorie cookbook to everyone who joins.
And there you have it: The top three affiliate mistakes and the 3 easy steps to earning more money with recurring commission products.
Leo Reynolds
