How To Make Money With Affiliate Programs - The One Reason You ARE Failing (It's In The Math) #Best Education Page #Online Earning

hey guys what's going on Joshua elder

here and in this video today I want to

show you the real way to make money with

affiliate programs isn't gonna be what

you think so if you're brand new to the

channel make sure that you subscribe

because I'm right now I'm uploading

videos on a consistent basis teaching

you how to build a life in business full

of freedom passion and fulfillment and

go ahead and give me a like here if

you're excited for this video and don't

forget to tick the bell icon to be

notified of all future videos that I

upload when I upload them so the key

guys to making money with affiliate

marketing whether you're starting out or

whether you're you know in a position

where you really want to start

generating results you've got to know

your numbers okay it starts with math

and then after the math once you get the

logic out of the way then it's the

mindset it's the belief it's knowing

that it's possible right and it's having

those internal beliefs to reflect those

I you know external or those outside

actions okay but today in this video I

want to talk about more of the logic

side the math side of things and so what

I did is I created this little this

little mathematic equation I guess you

could say around one of my products that

I'm currently selling it's not actually

an affiliate product but you can still

apply this to affiliate marketing and

one of the first things that you should

be doing before you even start promoting

a product before I even start running

Facebook Ads or even doing free traffic

is you have to understand what are my

numbers how much time is gonna cost me

or how much money is it gonna cost me to

generate that sell and will that sell

result in profit or is that cell going

to result in me losing money most people

don't do this inside work you guys and

they overlook this because they're so

excited they see the vision of online

marketing affiliate marketing and

automation everything and they go ahead

to take action but they never really

understand what their numbers are they

don't understand how much they can

actually spend to acquire a customer and

still bring them in the green right so

we're gonna break this down here so on

the left hand side you have different

traffic so

different traffic sources or simply you

know eyeballs to your sales funnel to

your website to your product or service

and we've listed off a few here but it's

not limited to what you're seeing here

there's tons of different free and paid

traffic sources out there on the

Internet

I just wrote down what came to mind you

said I wrote down I wrote down here you

can see that I put YouTube free which is

slow and steady traffic any free traffic

source is going to be slow and steady

the great thing about it is it's going

to cost you time it's not gonna cost you

any money and there's low risk with it

and that's why I decided to get started

with YouTube you know free advertising

when I got started because I was

literally $20,000 in debt just got a

payday loan to start my first business

and so I really had no other choice and

it you know ended up working out for me

because I had access to the right system

and the right products and I was able to

leverage my time effectively

but actually before that before I got

access to the right system I was this

guy over here okay I was the guy with

the broken business model and I was

sending traffic to one single Clickbank

product

okay Clickbank is an affiliate

marketplace full of just tons of digital

products that you can sell and make a

commission off of okay so what I would

do is I would send traffic to these

Clickbank products and I'd be putting up

videos on YouTube every single day I'd

even be hustlin and in forums and

Facebook groups and I'd spend all this

time and effort every single day and I'd

end up making maybe a couple sells or

even one sell or sometimes no sells so

to make anywhere between zero to a

hundred dollars a day you know work in

four to six hours a day you know

when you look at it yeah it looks like

you know pretty awesome I can make you

know 100 dollars a day you're working

four to six hours but this is mundane

constantly posting constantly at your

computer you know constantly just action

action action mode with really no

downtime that's really what you're doing

here and it it takes up a lot of

you know mental energy and so you know I

spent time doing this and it just wasn't

sustainable I ended up burning myself

out because I was promoting one product

I'd earn one commission and there was

really no leverage inside of my business

and with a lot of free traffic sources

you run into that problem especially

especially with forums and Facebook

groups one of the great things about

YouTube free advertising methods is

there's high leverage there which means

you can put up content once and it'll

pay you day in and day out but it still

takes time right same with Instagram you

put up content you know on a daily basis

you're not having to spend so much

mental energy going through forums and

Facebook groups and answering people's

questions and doing one-on-one

conversations it's more I'm going to tap

into my creativity and put a lot of

energy maybe for one to two hours a day

create a lot of content and then sort of

segment that content to go out over a

series of days and you can do that with

you too free you could do it with

Instagram free as well but a lot of

people aren't patient enough after 90

days to really you know put after into

90 days and really reap the rewards of

this broken business model right here

right can you turn this into a thousand

dollar a day income yes but you have to

send a lot of website visitors you have

to have a lot of traffic your YouTube

channel has to be big your Instagram

following has to be big for you to

really make your time worth it okay so I

find so many people entering this

problem right here now when you're

getting started out it's okay some

people just want to get their first

result on the internet sometimes you

just want to you know plugging in some

YouTube stuff some Facebook groups and

forums stuff and you want to get some

quick results but after that you're

gonna hit to hit a point where you kind

of get burnt out and you need to change

one of two things did you change your

traffic source from free to paid or you

need to change your funnel you need to

change the product that you're selling

in other words

from just selling one product to having

multiple products on the back end that

make you the big mine it's called an

ascension business model I talked about

it in one of my previous videos when I

use the McDonald's metaphor Ryan

McDonald's doesn't just sell their

cheeseburgers right often they actually

can lose money on selling their

cheeseburgers because they got to pay

for advertising and if they were paying

for that advertising and people just

pulled up to the drive-through and

bought a cheeseburger and that's it

McDonald's loses money they actually

make make money on their fries their

super-sized combo meals they're you know

large soft drinks so on and so forth

right and so what we want to do is we

want to emulate McDonald's and we want

to be able to leverage our business

model to where we can send the same

amount of visitors the same amount of

traffic to our system and have the

system do 80% of the work and have it

spit out higher amounts of income for us

on the back end

now that's truly leverage versus like

trading time for money or hustling on

forums in like Facebook groups to make

this thing work right here okay so I'm

using one of my products as an example

right here and at any point you can feel

free to click the link in the

description below to check out my top

recommended affiliate marketing system

this is a system that's done for you

everything's in place

it has front-end products and back-end

products that you can sell and really

have the leverage I'm about to show you

right now inside of your life in

business we're talking about turning a

customer into someone that might make

you ten dollars to somebody that would

make you $2,000 right and all you're

doing is your change in the back and

your change in the system right you're

not necessarily changing the traffic

source just the system so it's cool

because you can hustle on the front end

or you can even ease off on the front

end when you're driving traffic because

you know that your system is gonna

produce larger amounts of income for you

and cakes are not just selling one

product so anyways let me get to the

point here

it's all about knowing your numbers so

what I decided to do is take my inner

circle program this is a program that I

offer to you know online entrepreneurs

specifically affiliate marketers to help

them start build and grow an affiliate

marketing business from nothing from

live over-the-shoulder case studies that

I do day in and day out okay and so the

way that the business plan works is they

actually get access for thirty five days

to this program for free and then after

the thirty five days if they love the

program it's only one hundred ninety

seven bucks a month right and what I do

in addition to that is I send them some

physical materials in the mill they get

a USB Drive they get a newsletter and

they get a binder okay and on the USB

Drive there's campaigns fully deployable

that they can deploy inside their

business and there's accompanying videos

that show them how to take those

campaigns and implement them they're

pretty much almost nearly done for you

campaigns of the same campaigns proving

campaigns that I've used to build a

six-figure business multiple six figures

in fact and they get access to all that

okay so that's kind of what I'm offering

in a nutshell and you know for the for

shipping they do still pay shipping it's

forty seven dollars and then after the

thirty five days if they decide to keep

the membership it's a hundred ninety

seven bucks a month so now that we've

acknowledged what I'm offering we've

acknowledged the price point we want to

work out some math here so how much can

I spend right to acquire a customer that

is the question how can how much can I

spend to be in profit and at the same

time get a customer okay and leverage

paid advertising because paid

advertising is going to allow you to

scale it's going to allow you to get

results very quickly and it's going to

give you fast data as I described right

here so in this case I'm giving some

sort of some conservative numbers here

as you can see on the right hand side

here let's

that 30% of people right this is like

worst case scenario let's say 30% of

people decide to stay on board

okay that's 30 people that decide to pay

the hundred ninety-seven bucks a month

and that's five thousand nine hundred

and ten dollars so my gross total is ten

thousand six hundred and ten dollars

that's with the hundred initial signups

I didn't mention this the forty seven

hundred dollars is coming from the forty

seven dollars that people are paying for

shipping most of that money is actually

you know goes into shipping costs and

product development costs okay so my

gross total is ten thousand six hundred

and ten dollars my expense is to create

the product for shipping and everything

in between is right around three

thousand two hundred ninety seven

dollars okay so my net total is right

around seven thousand three hundred and

thirteen dollars let's say that just

fifty percent of people after the first

month they decide to stay on board okay

that's an extra two thousand nine

hundred fifty-five dollars and then

let's say the second month or the third

month I'm sorry 50% of those people

decide to stay on board that's thirteen

seventy nine you kind of get the idea

here the month after that let's say 50%

of those people decide to stay on board

so I'm given some very worst case

scenario numbers that's an extra five

hundred ninety one dollars and you can

see on the left hand side here this is

the product development cost month after

month because every single month I send

them new material a new USB Drive a new

newsletter okay so that's gonna cost me

and then plus shipping that's gonna cost

me money too as well so that's the

number right here so I took that number

minus tip by the twelve thousand two

hundred thirty-eight dollars that I got

from the residual payments and including

the net total from the first month and

then I divide that by a hundred because

I initially had a hundred sign ups and

then that gives you my lifetime value

per customer I hope you guys are

following me here okay which is 114

dollars and thirteen cents okay so what

we can identify here is that we can

spend as much as 114 dollars and 13

sense to acquire a customer and break

even anything under that were in profit

so we spend a hundred dollars to acquire

our customer we're making you know

fourteen dollars every time we spend a

hundred bucks right and again this is

worst case scenario we'd obviously want

these numbers to be a lot lower but when

we're running traffic we can be

conservative and say okay worst case

scenario you know if my campaign just

busts I have a good enough price point

to where I can still break even and if I

lose some money it's gonna be very very

minimal so that's really understanding

on a deeper level when it comes to

making money with affiliate marketing

and really knowing your numbers so I

wanted to shoot this quick video for you

guys I would urge you to go out there

whatever product you're promoting I

would urge you to figure out your

numbers and write those down right

best-case-scenario numbers

worst-case-scenario numbers and you

might notice you know after you write

those down why it is that you're

actually failing inside your business so

with that said if you got value from

this video give me a thumbs up comment

below let me know if you got value from

this and if you are promoting a product

that's something like this and you want

to be able to plug into higher

commissions and have the ability to you

know be more conservative with your

traffic go ahead and click the link in

the description check out my top

recommended system and if you would like

to be a part of this program that I just

sort of outlined the case study for you

can check that out in the description

too as well again I show you live over

the shoulder campaigns that I'm building

inside of my business from scratch built

a multiple six-figure yearly business

and I want to pass on all that knowledge

all that experience and expertise down

to you I know I could only cover so much

inside of a small little video so if you

would like all this information in

detail checked it out below and this is

Josh Miller signing off and we'll see

you guys in the next video

take care

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