06:36
Faizan
The easiest method of all to earn recurring payments is by promoting affiliate products that charge the customer month after month, and pay you a percentage of that fee.
But there are several drawbacks to going the affiliate route:
You're not building a name of your own
You share in profits of your own sales
You can't get affiliates - or if you can, you only earn about 5%
You have no control - the owner of the affiliate product you're promoting can close the program, change the program, change the commission structure, eliminate the affiliate program altogether, etc.
Generally these things don't happen if the program is doing well. But they have happened in the past, much to the surprise of the affiliates who worked so hard to promote the program and bring in the customers.
(Hint: While you can never know for sure what's going on with a particular product, it's always best to promote established programs that at least appear rock solid.)
The solution, of course, is to start your own recurring payment product.
And one of the easiest and perhaps most fun ways of doing this is to start a paid newsletter.
"Will people really PAY for a newsletter when they can get information for free online?"
Absolutely.
There are factors to consider, of course, like choosing the right niche, and we'll cover that in a moment.
Assuming you have a great niche and you're targeting the right people, here are several reasons why subscribers are happy to pay you for your newsletter:
You're saving them time. It could take them hours or days to gather the information you can give them in your newsletter.
You're giving them information they otherwise would never find. People don't always know where to look to find what they need. And in fact they don't always know what's available to them unless there is an expert to guide them.
You're saving them money. If your newsletter can save them money and let them keep more of their hard earned cash, you've got a winner. For example, teaching people how to save on utilities, home improvements, car buying and so forth. Bottom Line has sold millions of books in this exact niche.
But there are several drawbacks to going the affiliate route:
You're not building a name of your own
You share in profits of your own sales
You can't get affiliates - or if you can, you only earn about 5%
You have no control - the owner of the affiliate product you're promoting can close the program, change the program, change the commission structure, eliminate the affiliate program altogether, etc.
Generally these things don't happen if the program is doing well. But they have happened in the past, much to the surprise of the affiliates who worked so hard to promote the program and bring in the customers.
(Hint: While you can never know for sure what's going on with a particular product, it's always best to promote established programs that at least appear rock solid.)
The solution, of course, is to start your own recurring payment product.
And one of the easiest and perhaps most fun ways of doing this is to start a paid newsletter.
"Will people really PAY for a newsletter when they can get information for free online?"
Absolutely.
There are factors to consider, of course, like choosing the right niche, and we'll cover that in a moment.
Assuming you have a great niche and you're targeting the right people, here are several reasons why subscribers are happy to pay you for your newsletter:
You're saving them time. It could take them hours or days to gather the information you can give them in your newsletter.
You're giving them information they otherwise would never find. People don't always know where to look to find what they need. And in fact they don't always know what's available to them unless there is an expert to guide them.
You're saving them money. If your newsletter can save them money and let them keep more of their hard earned cash, you've got a winner. For example, teaching people how to save on utilities, home improvements, car buying and so forth. Bottom Line has sold millions of books in this exact niche.
Posted in: internet
