|Affiliate Revenue Information|
Backend Profit Secrets and Viral Marketing
Once you truly understand the power of backend profits, you'll explode your marketing results and create an unstoppable viral machine.
The techniques I will reveal to you have often been taught in many marketing courses and articles...but they are still underutilized because of two words -- "tunnel vision."
Backend profits means the additional income that you earn from a customer. The first purchase from a customer is the front end profits while the second purchase and so forth will be your backend.
The really good marketers understand that the most money will be made on the backend.
Here are a couple reasons why:
You can charge higher prices for backend products because you've already built a relationship with your customer.
They already know the quality of your product and of your customer service. You no longer have to convince them that you're credible and that your information is good.
You only have to convince them that your backend product is higher quality than your front end product and that they NEED the backend product.
Trust is one of the single most important components of selling. You can earn that trust by providing a good front end product.
Most marketers do not truly understand the power of the backend and that's a fact.
I know because I see very few affiliate programs which pay higher than 50% commission.
Think about this for a minute.
Let's say you sell your product for $50 and you give 50% commission. You have 5 affiliates who each make 10 sales each.
You pocket $1,250 after paying commissions. You now have 50 customers. Five of them end up purchasing your $100 backend product for a profit of $500. Total profits is $1,750 for you.
Now let's consider giving away 75% commission to your affiliates.
By giving away higher commissions, you get 10 affiliates instead of the 5. Ten affiliates making 10 sales each at $50 will make you $1,250 -- which is the same front end profits as before.
Now you have 100 customers and make 10 backend sales for $1,000 profit.
So how did you end up making more when you increased your affiliate commissions by 25 percent? You made it on the backend.
Here's what is happening behind the curtain as you increase your commissions.
You gain more affiliates and subscribers as those affiliates send you more traffic to your site.
Those affiliates are happier with their higher paycheck because you gave them higher commissions. Therefore, they will continue to send traffic to your site.
This cycle increases your traffic over time as you gain more customers, more affiliates and more subscribers.
It's the ultimate viral marketing machine!
More subscribers equal more profits. More customers equals more profits. More affiliates equals more profits.
So is all that worth a hit on your front end profits?
The problem most people have is they can't stand to see their affiliates making more than them. Tunnel vision keeps them from seeing all the extra subscribers, customers and affiliates which could be theirs.
Please remember one thing about running your affiliate program.
A 75% reduction in profits is better than a 100% reduction, which is the case if the affiliate had not made ANY sale.
In summary, you should create an affiliate program for your front end product which gives away a majority of the profits.
You should also spend your time creating multiple backend products.
Gary Huynh is a full-time online information marketer. He currently earns money from affiliate programs along with running multiple membership sites. View his weblog at: http://www.garyhuynh.com for more tips and tricks to help you achieve a full-time work from home business.
Rapid TV News
Film, TV divisions slip but cable networks drive Fox in Q3
Rapid TV News
US affiliate revenue increased 10% driven by contractual rate increases across all brands and advertising revenue increased 3% from the prior year period due to higher pricing at Fox News. Non-US. International affiliate revenue increased 14% driven by ...
Twenty-First Century Fox gains as cable revenue rises 10%
21st Century Fox revenue dinged by NFL
21st Century Fox Reports Higher Quarterly Profits
Inside Allure's beauty box business
On top of subscription, sponsorship and affiliate revenue, the Beauty Box inspires more content against which Allure can run advertising: Each box gets its own unboxing video treatment on YouTube, and social media posts for the boxes are often ...
Strong Box Office and Park Attendance Power Disney's Results
Disney blamed the drop on higher programming costs at ESPN, which was partially offset by affiliate revenue growth and higher advertising. The company also said that investments in BAMTech -- the company's streaming segment -- played a part in the ...
Marvel Is Open To Having A New Black Panther In Sequels
Home Theater Review
Why We're Embracing Amazon Affiliate Links
Home Theater Review
Some of you might have objections to this, and we can empathize with that. Affiliate revenue is something we've been mulling over for the past few years. We tested one system, but ultimately didn't like the way it junked up the site, so we pulled it ...
What To Expect From Disney's Q2
The flat Media Networks results were driven by growth in affiliate revenue, offset by a decrease in advertising revenues. The company was largely impacted by higher programming expenses at ESPN due to the first year of the new NBA contract and ESPN's ...
Disney slumps as ESPN continues to struggle (DIS)
Disney's Q2 media networks income sinks due to ESPN, Freeform struggles
Walt Disney Broadcast Revenues Flat, Movies Higher
Disney Blames College Football Playoffs, NBA Games for ESPN Profit Slump
The company specifically mentioned that higher programming costs at ESPN were partially offset by affiliate revenue growth and higher advertising growth. "The programming cost increase was due to a shift in timing of College Football Playoff (CFP) bowl ...
Viacom Soars on Affiliate Revenue Forecast
On a day when the Dow Jones Industrial Average officially entered market correction territory, and despite disappointing revenue growth in its fiscal first quarter, Viacom stock soared Thursday after the programmer increased its forecasts for ...
Fox Revenues Dip, Execs Mum On Comcast Interest
Fox's advertising revenue sank 25% to $1.6 billion, while affiliate revenue grew 11%. Advertising results were affected by its broadcasting business' unfavorable comparisons to a year ago, when it had the Super Bowl, as well as three fewer NFL ...
Viacom Posts Earnings Gains Despite Paramount Loss, Affiliate Revenue Drop
Viacom delivered an improved financial performance for its fiscal fourth quarter despite a drop in cable affiliate revenue and a $59 million hit on the Paramount side from the collapse of its film financing deal with China's Huahua. Viacom topped ...
Viacom's US Revenue Lags Amid Declines in Cable Subscribers
Viacom Shares Slide After Mixed Q4 Earnings Report, Affiliate Weakness
Viacom Stock Falls Amid Lower Sub Fee Forecasts
New York Business Journal
The escalation of sports-rights fees can be traced to a 2008 ESPN deal
New York Business Journal
In 1998, the NFL returned to CBS after a four-year hiatus. CBS agreed to pay $500 million per year to take the AFC package away from NBC. Today, CBS pays $1 billion per year for that package. In 2001, ESPN and Turner paid a combined $776 million per ...
|home | site map|