Hits and Earn: Hit per Sale Ratio Affiliate Program Decisions
Congratulations! You have gone through the grueling task of deciding whether or not to try your luck with affiliate marketing, choosing the products you would be promoting, and establishing your affiliate marketing sites. The first few dollars have managed to come marching in, and you think it is enough. I know you are fed up with decision making and would rather just wait for the money to flow, but in order for you to succeed more, you have to make more decisions: that is what businesses are all about.
One of the best tools you can use to aid you in your affiliate program decisions is the hit per sale ratio. What is hit per sale ratio? Everyday, a number of unique individuals visit your site. Each unique individual is called a click. However, out of the hundreds, nay, thousands who visit your site, only a handful end up purchasing your product. This handful of people is called your sales. A hit per sale ratio is the number of hits you must get in order to get one sale. To calculate, simply divide all of the hits you get in a day by the number of sales you get in a day, and voila! You have the hit per sale ratio of your affiliate marketing sites!
But how, you ask, do you get anything important out of a simple number? Well, knowing your hit per sale ratio and making informed affiliate program decisions based on that is one of the best things you could ever do to elevate your affiliate marketing enterprise. You might find yourself wishing you had a higher hit per sale ratio by either having more hits everyday, or having more sales out of your current hits. You could actually choose from a million solutions out there, but in this article, the liberty has been taken to discuss two of the most logical affiliate program decisions you can make and to which a lot of other affiliate marketers can attest to.
Ads are great if you simply want increased hits, which can lead to increased sales, everyday. You should take note, however, that since you are working on increasing your profit, you should never shell out more cash than you can afford (you might especially be tempted to bet all or more than your earnings when you discover that the ads you pay for are significantly raising your profits). Do a simple computation of how much money you can spend on these advertisements, and base your decisions on these.
For example, if you have a total of 300 hits per day, to which only 5 are ending up in sales, which means it takes 60 hits before you could establish sales (this is your hit per sale ratio). And if each sale gives you a profit of $25, it means you are earning $225 per day. This is the maximum amount you can spend on advertisements. To play it safe, pay for something that is significantly lower than your current profit so that when your ads prove to be worthless, you still have a bit of cash to take home.
So lets say you made the decision to spend $100 bucks on ads. That leaves you $125 assured take-home money, which isnt half as bad as taking home nothing. Lets say your $100 ad doubled your total hits per day, and thus, doubling your sales (from 5 sales to 10 sales). That would mean that you have a $450 figure as your total sales. Subtract the amount of the ad, and you have yourself a total profit of $350. Not bad, eh?
PAY PER CLICK PROGRAMS
Pay per click programs are programs you could establish with search engines for your products to appear on top of searches. You are bidding per click here (for the keywords you have chosen), and this means those who bid highest find themselves on the top of the food chain. This is a relatively tricky business, so dont get caught up in false hopes.
Now, to our calculations. Supposing you have a hit per sale ratio of 60, and a profit of $25 per sale, like the last example. In order to know the total amount you can risk on bidding, simply divide your profit per sale by your hit per sale ratio. That leaves you with a $0.40 figure. Again, do not risk this entire amount into bidding. You would do well to bid half of your safe value just so you can still be reassured of a bit of profit even if this program does not work out. A $0.20 bid per click shouldnt be bad enough.
You would find some affiliate marketing enterprises bidding dollars for each click. DO NOT DO THE MISTAKE OF FOLLOWING THEIR STEPS. Instead, find a way around them by bidding on different keywords. Always keep your profits in mind.
However, in the world of affiliate marketing, increasing your profits isnt as easy as simple arithmetic. You have to weigh your options well, and no one could ever teach you that as good as experience can. Try your different options as well as you can, make smart and informed decisions, and if you work hard enough, you might find yourself singing happily all the way to the bank.
People do things for different reasons and that is also true with blogging. Some bloggers simply desire to share individual experiences to love ones, speak about their interests, and the most evident reason today is to make money. There are actually successful bloggers who are able to earn hundreds, or even thousands of dollars in such a short time especially when done appropriately.
The current blogging scene offers monetization options that you’ve never imagined. You can find direct advertising options as well as affiliate offers. You can enjoy the endless possibilities of earning money through blogging. However, without the so-called ‘big T’, these monetization options will definitely not work. What is the big T? Well, its ‘traffic’. If your blog site dont have enough traffic, you will not earn any money.
Here are some monetization options that you can embark in, supposing that you already have a great traffic.
For starters, you can use internet services like PayPerPost and ReviewMe. The good thing about these services is that they arent related to click through rates, traffic, and other related metrics. This is an excellent option for bloggers with a hectic schedule. When you write a review, you will also have a good source for your blogs.
You can produce revenues directly by choosing this option. However, there are some things to remember. Dont let the services control your posting routine. A lot of sponsored posts often lead traffic away, make your website less attractive, and lowers your credibility. Make sure that you accept only the reviews related to the blogs that you’re making.
You will have more options if the revenue is based on the reader’s actions, purchases, and participation. A good example is affiliate offers. With this option, you should have the aptitude to inject the existing contents of your blogs with the offers that let you earn money.
Suppose your blogs are all about repairing credit, make sure that you provide links and advertisements for services associated with credit repair, credit reports, and other related services or products. Expect to yield dazzling returns in no time at all. Key players include NeverBlueAds, AzoogleAds, Share-a-Sale, and Commission Junction. You can find lucrative offers by visiting them online.
If you want a less invasive option, this is what’s for you try introducing content-based advertisings on the pages of your website. Based on the content of the pages, the displayed ads are automatically generated. Publisher Network of Yahoo and Google Adsense are some of the greatest players in this particular arena.
If you tryt hem out, you can also expect outstanding results. Each time someone visits your blogs, you can earn money. The ads are part of the bloggers’ website and so you can earn more money. You will also be able to provide your audience with related contents that they may find quite useful.
So what are you waiting for? Choose the money making option that will work for you. There are so many options out there but not all of them will work for you so youd better choose the best one. Make money through blogging. If you want to be a successful blogger, you must have the right attitude and qualities.
If you use your talent appropriately, you can earn money for a long period of time. Log on to the internet now especially if you have the skills to become a blogger and dont let this rare opportunity pass.
As you know January is a dead time. The major holidays are over and things are winding down. The major retailers always use this time of year to promote home items or white sales.
I am proposing nothing different. But instead of household items I want to advertise your work from home business. Still home related. Instead of you spending money why not resolve to make some from your website by joint venturing with me.
I do not know if you have heard or not, but I have a joint venture website of my own. It is Weekly JV .com.
This website is a year round website and you can use it to advertise your website by giving away something free on there. Visitors to my site come to your website. You can use a squeeze page, get their email address, and build your list. All for free.
Or, you can just put a download link on your page for the free item and get new visitors.
Joint ventures have built many lists for the largest sellers on the internet and lists are priceless. You can swap your list with other people on the internet and keep it growing.
For a little more you can upgrade your account and get to do other special things like have your own One Time Offer, text ads, special offers, and more.
The rules are really simple. No digital products that are infected. If the software has a virus, spyware, or other kind of infection I will not allow it.
You can also give away memberships or other things that are free as long as they are not porn.
I will personally check your product and approve it.
My joint ventures go year round. There is no end date. You can even change the item or items that you are promoting at any time.
If you want to be a contributor sign up, let me know that you want to be upgraded, and we will go from there.