Throughout my years of affiliate marketing, I have learned that the most important thing is to create multiple streams of income. It only makes sense that companies and products will come and they will go. If you have all your eggs in one basket….yikes, right!
Of course, having multiple products to promote can be a very daunting task. Now you can run into the issue of going in too many different directions at the same time and if you learn nothing else from me, please understand this – focus on ONE item at a time! Focus – Focus – Focus! If you get this right, you are half way to firing your boss.
When you try promoting multiple affiliate offers, how do you decide where to send your traffic? What about follow up emails….I mean really, what do you talk about when you have too much to talk about?? You cannot afford to confuse your subscribers once you’ve got them!
Here’s another food for thought….are you promoting one off affiliate offers or are you building a recurring monthly income? The latter is the only way to create stability and an income you can come to rely on. You can then be purposeful about what you are doing. You are in control!
As Amanda Abella, @amandaabella, recently wrote in an article for Inc.com:
“How many streams of income do millionaires have?
Tom Corley, author of “Rich Habits”, studied the habits of millionaires during a five-year study of the rich and poor. Here’s what he found as it pertains to most self-made millionaires and their income streams:
- 65% of self-made millionaires had three streams of income.
- 45% of self-made millionaires had four streams of income.
- 29% of self-made millionaires had five or more streams of income.
Having multiple streams of income is the same idea as diversifying your investment portfolio. When one income stream suffers, the others make up for it.
And if none of them are suffering? Well, then you’re making a ton of money.”
What Are The Best Products To Promote For Recurring Income?
Now, this may seem obvious, but if you are only offering a crummy product that isn’t proven, your chances of success will be very minimal. You may see smatterings of income here and there, but that will be about it. It’s so important to find professional, consumable products that once users sign on with, they will not be cancelling their accounts anytime soon. You must give the people what they need! When people set up an online business, there are a few tools they are going to need right out of the gate. Your stick rate on these types of products is huge because your client cannot go without once they’ve set up their own system….see where I’m going???
Follow the leader!
Okay, Carla….How Do We Pull All This Together??
So, how do you pull all this great information together and make it work for you? And here is the beautiful part of what I’m about to share with you…you don’t need to suffer one second of panic! Why? Because systems work, people fail….that simple.
If you have a system in place that works for you and doesn’t need constant tweaking and updating and fidgeting with (like we all seem to feel the need to do), then all you are responsible for each and every day is one simple task….send traffic to one link and go on with your day!
The system will do the telling and selling for you, build your email subscriber list for you and collect monthly affiliate commission payments for you!
Of course, traffic can be quite the undertaking all on its own, however, if you have a simple set of strategies set up it becomes a very simple daily task. At this point, consistency is all you need. Trust me! Once you’ve found the traffic strategies that work best for you, this becomes old hat very quickly.
A professional sales funnel/system can be very time consuming to set up and if you aren’t a little bit techie, you will probably throw in the towel. BUT, if you had the entire system set up FOR YOU….what excuse would you have left then? Hmmmm????
Check out this video by my all time internet marketing fave, Vick Strizheus, who will sum up all my crazy drivel into a neater package for you!