THE “FIVE FIGURE PER MONTH” BUSINESS MODEL
The business model that I’m about to share with you has been
responsible for many five figures months in my career as an affiliate marketer.
And I’m about to reveal to you the EXACT SAME methods I use to make
this happen and to provide my family and myself with an amazing lifestyle.
In the previous chapter I explained why the business model most people
use simply doesn’t work anymore.
The reason why my business model works is because it’s based on
acquiring long-term customers, instead of just passing on the customers to
vendors.
You see, vendors understand this quite well and take advantage of it.
And while I consider myself a privileged affiliate marketer because of the way
my business model is structured, you can’t say all affiliate marketers are
privileged. While vendors might give away 75% for the sale and only receive 25%
-- they receive something that’s much more valuable.
They now have a
new customer.
And research shows that it’s significantly more expensive to buy new
customers, then it is to get existing customers to purchase from you again.
It’s generally recognized that acquiring new customers costs between 4
to 6 times more.
Now, you might think that with you being an affiliate and the
customers not actually paying you money, there’s nothing you can do about this.
And while that’s partly true, there is a way for you to “capture” all
the traffic that you send to other vendors and then later use this traffic as
an on-demand way to sell more affiliate products.
What I’m talking about is building your own email list.
Instead of sending your traffic directly to the vendor’s salespage,
you want to first send it to your own squeeze page.
A squeeze page is a landing page that has only one goal – to convert
website viewers into email list subscribers.
Once these website visitors are on your email list, you are able to
send them an email whenever you feel like it and ask them to buy whatever
product you want to recommend.
The other crucial part of my business model is being able to only
drive traffic that I’m 100% sure converts at a high rate.
This is a very badass technique that literally changed the game for me
overnight.
So here’s how my model compares to the old-school affiliate marketing
model.
PHASE 1: Getting Started
•
1. Find a product to promote
•
2. Create a “squeeze page” to
capture subscribers
PHASE 2: Hijacking Traffic
•
3. Send traffic to the
squeeze page
PHASE 3: Monetization
•
4. Monetize your 1st
affiliate product
•
5. Use email list to monetize
other affiliate products
•
6. Rinse and repeat!
First, we need to do research and set up a few
things before we can drive traffic to our pages. This is what I do in phase 1.
After that, I focus on getting top quality traffic by ‘hijacking’ my
competitor’s traffic. This is the heart and soul of my business model and I’m
really excited about sharing it with you.
Once phase 2 is done, we move on to the 3rd and final phase, which is
all about monetization.
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