Affiliates, Refer To Be Rich
Despite the cheesy title, I am dead serious about this. What I'm talking about is doing your best on a daily basis to refer new people to affiliate networks and giving them a hand at getting started.
Your immediate thought might be that this is just creating competition for yourself and in a way, you're completely right. But the flip-side to that is if you successfully create a worthy opponent for yourself from someone you referred, you will earn around 2% for that person's sales whether they profit or not (as long as they stay on that network).
The idea is to refer someone to several big networks and hopefully create a few super affiliates. Just imagine if you referred one or two super affiliates who did $15k to $30k per day.
Now I was able to sit for a while with my phone today, so I was wondering just how much it would take to live comfortably off of other people's success based on a 2% referral base. Using $6,000.00 as a baseline for what most younger people would consider a good replacement for a job, you can divide that amount by .02 and you come up with $300,000.00 (per month).
While this might sound like a large number, it works out to around $9900/day in sales and depending on how many decent affiliates you refer, that's not completely impossible to do. I know I sound like a referral program in action, but if you were to refer just five decent affiliates within a year's time, they'd each have to do around $2000/day in sales for you to earn $72k/year without lifting a finger. Or ten affiliates doing $1000/day would suffice, or twenty doing $500/day ... you get the picture. Did I mention you get paid whether or not they profit? That's right, they lose money, you still make money.
That, ladies and gentlemen, is a true auto-pilot income. You literally do not have to do anything but continue referring people (if you want) to increase your monthly income. Networks like Azoogle, Neverblue, Copeac, etc. will do direct deposit straight into your account, so you don't even have to deposit any checks.
Affiliate marketing itself still requires plenty of work and should be run like a business, if done properly. That means long hours and continuous monitoring and adjustment to keep it working right. While you might make a ton of money doing it, it's still a risky business that is definitely far from auto-pilot (other than the fact that your ads will run 24x7).
All I'm saying is-- what makes more sense in the long run? You working your ass off for a year to make $75k profit or you working your ass off for six months referring people to make $75k profit?
Bingo.
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January 25th, 2008 at 6:29 am
This is actually something I’ve been putting more focus on lately and you make a great point as to why its important with this post.
At this point I almost get more excited when I see referrals in my account in addition to my sales!
January 25th, 2008 at 9:04 am
@ClarkeW: Exactly. I love seeing referral money going up because I know I did nothing but refer the person to get it there. It’s beautiful.
January 25th, 2008 at 11:24 am
Im sorry i din’t sign up under you scott, you’ve been helping me so much, and its starting to show. Spent 25-30$ today and got 75$ back so far. I love you
January 25th, 2008 at 12:18 pm
@will: Awesome! Great to hear, man. Keep it up.
January 25th, 2008 at 4:11 pm
hey i just saw this:
Dear Publisher,
Thank you for participating in the AzoogleAds Publisher Referral Program, and for connecting us to your friends, family, and acquaintances.
Starting February 1, 2008, we are introducing some changes to our current Referral Program which may affect you:
• Referral commission will continue to be 2% of referred publishers’ revenue but will now expire after 6 months.
• Start date is the day first penny is earned, and expiration date is 6 months after first penny is earned.
• You must maintain a minimum revenue level of $1,000 in your primary account on a monthly basis in order to receive any referral payouts for that month.
• If you earn less than $1,000 in any given month, you will not qualify for a referral payment that month. However, you will be eligible for any month thereafter, up to the 6 month cutoff date.
• $1,000 threshold must be for revenues that you have earned from regular offer promotion, not referred sales.
• You may not refer another account belonging to you.
• When the 6 month expiration date has ended, you cannot refer the same publisher again.
• Referral payments will be on net 60 terms
• Referral payments will be paid out to parent accounts, not children accounts
These conditions will be listed under our FAQ section starting February 1st 2008.
Thanks again for your support and keep spreading the good word about AzoogleAds!
January 25th, 2008 at 4:21 pm
@will: Yeah, I saw that. And it just *happened* to coincide with this post. Mystery? I think not.
January 25th, 2008 at 4:58 pm
[...] « Affiliates, Refer To Be Rich [...]
March 5th, 2008 at 12:29 am
[...] The fact is, we create sales where there would otherwise be none and we do so (most of us) through legitimate channels. We use referral programs as incentives to get other people to join the networks we use but it is in no way the primary business (unless you prefer that way). [...]