Open Post: How Do You Make Money From Affiliate Schemes?
Everton | Aug 02, 2007 | Comments 12
I’m really intrigued when I see how much money some blogs are making from affiliate schemes, as despite having a good total level of income, I make almost nothing from affiliate schemes. At best I make $3-4 per day from Firefox referrals and 1-2 TLA referrals a month.
So, this is an open post to all readers. How do you make money from affiliate schemes? What schemes do you use? What schemes haven’t been successful? What do you do to drive traffic to your schemes?
I’m hoping that readers will share their tips. In the past I’ve asked one of my readers directly for a few pointers, but he declined as he didn’t want me stealing his ideas, which I thought was a bit off.
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Dont go after qucik money, try stocks in growth market.
I agree – it’s difficult.
For instance;
I planned to market ipods – lets say with a budget of £100 per day (yes i’m English).
My affiliate pays me 3.5% and has a conversion at 2.14%. the price of his agressively marketed product is £100. His approval rate is 90%.
I set my maximum marketing budget at 2.5%, so my £100 would need to achieve £4000 worth of sales. In order to acheive this I would need to attract £186916 worth of custom to his site based on his conversion rate. at £100 a shot this equates to 40 1869 clickthroughs and 40 sales. With me so far?
My £100 budget gives me a bid budget of just over 5p per click. The main issue would be attracting that many clickthroughs with such a low bid amount. I tried up to 20p an still only got circa 100 clickthroughs. I would therefore estimate that only approx 10% of my allocated budget would have been consumed – £10.
This would give me 2.60 per day, or after 30 days £78 profit based on an outlay of £300. Oh and just to add further misery the payment would be paid 2 months in arrears.
So £78 isn’t enough to live on and to achieve an income of £5000 per month, I would have to nearly £20k and finance it for 2 months.
Please tell me there is another way!!!