How to Make $1,000 a Month from Affiliate Marketing with Recurring Commissions
– How to make $1,000 a month
promoting affiliate offers with affiliate recurring commissions. Hey, this is Peng Joon here and today we are gonna go
dive deep into a campaign to show you exactly how can you make a very, very, realistic $1,000 a month 'cause let's face it, $1,000
a month might not be a lot, but $1,000 in extra revenue
can be the difference between having a comfortable
life and a struggling life. And today I wanna be
able to share with you how that's actually possible, because about two months ago, I actually released this video over here on the top 10 Best Affiliate Programs to Make Recurring Passive Income, and the comments that I got
were a lot of people asking me, "So how would you do it for
all these different programs now that we understand that there's a lot of
affiliate programs out there that offer recurring passive income?" And in fact, two months ago
when I released this video– – [Announcer] Want to stand out online? – Here's an ad anyway. So since that, when this
was released two months ago, you'll see that two months ago, my MRR for this software that I promote, is at 56,000 a month.
What is MRR? MRR is literally Monthly
Recurring Revenue. And since then, this is now
increased by about 10,000, and I wanna be able to share
with you behind the scenes, looking at actual campaigns
to how this works, even if you are an absolute beginner. And by the way, before I even begin, first of all, if you're
new to the channel welcome, my name is Peng Joon. And what we do is we show people exactly how can you take what
you know, your knowledge, your life experience and transform that into either a product or
into a business online. And if that's something
you've always wanted to do, how do you effectively sell online? Whether utilizing social media, paid traffic or ads or Facebook, then you wanna consider
subscribing to the channel and smashing the like button. So with that said, let's talk about how do you
actually generate $1000 a month promoting affiliate programs? So there's a lot of
affiliate programs out there where they will pay you a commission, whenever you refer people who are subscribed to their product, their services or their software.
As long as they continue
being a paid member, that is when that software
or that subscription or that supplement company will continue paying
you every single month, as long as this person
continues being a member. So let's begin with the
very simple goal of $1,000. Now, some of you might think, why are you showing me this campaign of 50 plus thousand dollars a month? I'm not here to flex on you,
but hopefully to show you that if these big numbers are possible, hopefully you can see that $1,000 a month from promoting other people's products is actually a very realistic goal. So in order to make this
happen, we gotta understand that depending on what
it is that we promote, we always wanna begin
with the end in mind.
So there are a lot of softwares
and products and offers that offer a recurring subscription, recurring affiliate fee. And let's say this software or this subscription pays you $50 a month as long as this person
continues being a member. We always wanna just begin with understanding the simple math. So in order to get $1,000,
that would be either 20 members that's paying for the software, so think of it as like
a gym membership, right? So the question is, how do we
get this initial 20 people? We gotta ask ourselves, do we want to utilize the paid route or do we want to utilize the free method? Now, every single time I say this people say, "Well, which is the best?" Or some people would say, "Well, I don't have the money for paid." Now here's the thing,
we've got to understand that what makes an effective paid strategy is not about spending big money, right? I don't go into a brand new market and start spending $10 dollars a day on a product that never promoted before or a niche that I'm not
involved in, what would I do? I would spend $50 to see by
spending $50 can I get back 100? And by spending 100, can I get back 200? If that happens, can I
spend 500 to get back 1000? See, that's called scaling.
Understand that there's pros
and cons do these two things, even though it's free, it takes time. You don't get a million
followers overnight. And if it's paid, it's short-term, we wanna be able to explore,
how can we get this target for whatever it is that
you want to promote by looking at actual campaigns. So let's take a look
at an actual campaign.
So this software that I'm promoting, chances are you've been
following my channel, you'll know that this
software I'm promoting is called ClickFunnels,
it's a very popular software that online marketers used to
publish their pages online. And I wanna be able to dive
in into an actual campaign to show you exactly the mindset and the strategy that you need to have when it comes to promoting
an affiliate offer that is recurring in nature. Let's talk about the sales process. I built up a very simple funnel. Now this is both funnel is a training that I did with Russell
Brunson a few months ago. And when we did this
training, it was live. We said, you just got slapped, Google slapped, Facebook
slapped, Corona slapped, you're about to lose everything. One of the things you need to do right now in order to grow your business tomorrow. So it's a 48-hour pass where
if somebody registers for it. So notice the flow, right? They register, they secure
their spot and then after that, there's this video over
here that they can play.
Woo, what's up everybody,
I see that– So you might be thinking, how do I do this if I
don't have direct access? So it's not about having
access to these companies, but understanding the process first. Notice what am I doing? I have a sales process, a funnel, where I send people to from paid traffic. And at the end of this training, what will happen is I
will send them to a link where if they wanted to get this software, notice that it says here at the end, so it's like one hour 45 minutes in, it says you can get started now, this thing's kinda blocking it, but it actually says
trafficworkshop.com/special. So there it is. The call to action, so notice
what's happening right now is that at the end of this training, I'm getting people to go to this link which is an affiliate link. All you need to do is to
build a very simple process where the first page is all about capturing
their name and email, this could be a lead magnet and opt in.
This could be a webinar. For me, it was this on-demand training, and at the end of it if they opt in, where you gave them this free thing, something that would help them, a checklist, a cheat sheet,
a swipe file, a download, a template, free training, free something, where if they gave you the name and email, their life would be better off because they could utilize this thing. So what was that for me? It was free training reveals
on different traffic strategies that you need to be implementing right now to take your business to the next level. So they opt in for this
free on-demand training, they get this video and
at the end of this video, I am sending people to
click on the affiliate link to buy this thing, and
that is how I get paid.
So if you are thinking about making money promoting this affiliate offer, and if you don't know what
affiliate offers there are, that has got recurring, then
be sure to watch my next video, which I recommend somewhere on this card at the end of this video, so that you can see all of
the top 10 affiliate programs with a recurring pay out.
But notice what's happening right now. So I understand my numbers,
I understand I wanna promote this thing here that's got recurring. So what do I do? Right now I am fueling this here with ads. So this could be an image ad on Facebook, this could be a video ad,
this could be a YouTube ad, this could be on Instagram. And I'd like you to notice, what are numbers that I'm tracking.
So let's go back over to the campaign. So at the end of this, what do I do? I send people to this checkup page, they can buy this thing
where it is recurring. They get six months of ClickFunnels, 997, and in terms of the numbers, let's take a look at this
campaign that is still active. This is an actual campaign that's still live for me right now because it's still very profitable. If you take a look at this over here, you can see that I wanna
spend as much money as I can, I put here $200 a day, but Facebook is not
spending them out, why? Because first of all, you can see that my amount
spent here so far about $2,000 and I'm getting paid, or rather I'm paying
$6.45 per registrants.
I've got 307 people
registered for this workshop and therefore that totals to about $2,000. I have spent $2,000 on my ads spend, I am paying about $6
per webinar registrants and I've gotten about 300 leads that registers for my training. Now, the next thing I need to know is how many people actually
watch this training and how many people go
through this sales process and what is the conversion of this offer. What is the conversion of your sales video, of your
sales page, of your webinar, of your application funnel? And this way you do a
forecast even beforehand, for $997 offer 10% is
great, it's the benchmark.
And if it's 10%, that means it's 30 sales. If the conversion isn't
that great, if it's 5%, that means it's 15 sales. And you always wanna have
like a worst case scenario. Like what if it's horrible, what if it's like 1% or half a percent? So it's going to be three sales. So what I wanna be able to know is what would happen if I
were to scale this thing based on this initial ad spend. Now for you, it doesn't need to be $2,000, it will be $200, it'll be $50, but the whole purpose of
spending that initial $100 is really to start getting
data on your sales process to figure out where the weakest link is. So now I can see that
if it's a 1% conversion, I would get three sales
and I get about 40%. So that would be about $400 per sales. So I would have gotten back
$1200 by spending $2,000. So one percent, I would
still be at a loss, two percent is when I
would make a slight profit.
So my break even is about 1.5% conversion, anything less than 1.5%,
that's when I lose money, okay? Does that make sense? However, my break even point would be approximately 1.5% gain. So let's say very roughly,
so break even is 1.5%. And if I could break even at 1.5%, the question I would like to ask you is, would that be a good deal? I mean, think about it. If you could spend
$2,000 and get 300 leads, paying $600 a lead, and you broke even because
the conversion rate was 1.5%, what would you do? Now most people, here's
the mindset of most people, most people would say,
"What's the big deal?" You spent $2,000 and you got $2,000 back. Well, let me share with
you why it's a win. Reason number one is because
you just built a list for free.
I just got 300 subscribers of which I can continue
to nurture and add value and build a relationship with them where eventually they might
buy my other products, that's number one. So you got to take into account
the lifetime value of a lead and the fact that most
people might not buy the first time you contact them. And number two, you also
got to take into account the potential of the recurring
that's gonna take place when a person continues being a member. So for this deal over here, I
know that if a person signs up for this software for six months, chances are they're gonna love it, they're gonna realize that
it's going to make them money, save them time, remove
all of the headaches associated to building
a sales process online. And because that, the odds of
being a customer after that is going to be a whole lot longer. Even if I break even, it is a huge win because if they continue
that subscription after that, on that $97 a month, guess what? That is how you start getting
more people into this.
So it's important to understand
that to make $1000 a month, I'm not asking you to
make 20 new sales a month. I'm talking about how can you
get cumulatively 20 people that pays $50 a month, where
your commission is $50 a month? So this software is just for illustration, go do your due diligence. Understand that there's a
recurring affiliate program for any different niche
whether it's Forex, whether it's gardening,
whether it's bodybuilding, whether it's marketing,
whether it's email marketing, whether it's Facebook, social media, there's a lot of softwares out there as well as subscription services that has got recurring in nature.
So in other words,
what's the takeaway here? The takeaway here is this, in
order to make $1000 a month, these are the action steps. I don't believe in just teaching theory, I wanna give you something
that's applicable so that you can take action right now. And the thing that you wanna do, is you want to be able to
start building up this page, something that there's
not something for free in exchange for somebody's
name and email address, by thinking about the product
that you wanna promote. So whether it is supplements, whether it is an Instagram
done for you offer, whether it is an email marketing software, you gotta ask yourself, if
you were to go back one step, before you even promote the product, how can you actually build a list? Because if you're not building a list, you're not building a business.
Promoting other people's products is fine only if you're building
your own business first, because building somebody else's
business is not a business. You gotta start off with
building your own thing so that the leads you get no
matter what happens over here, this is when they will
follow you for life. If you wanna be able to take
things to a whole new level, so you're probably thinking, so how can I do this
in terms of execution? I have an entire whole playlist
on affiliate marketing, more than 10 videos in there. Most people would charge $997
for a tie cost like that. Be sure to binge watch the entire series and as always, if you enjoyed this video, first of all, let me know
in the comments below what your biggest takeaway is, we're currently giving
out $100 for every person, we're gonna pick a winner for
every person that comments, either if you're the first to comment or if you'd leave as a quality comment in terms of what you did
and what you learned, and finally, if you enjoyed it, be sure to smash the like button.
It has helped the algorithm and have YouTube short
videos to a lot more people and subscribe to our
channel for future videos just like this one. Go ahead and binge watch the entire affiliate marketing series and I'll see you in the next video..
