No Fluff Pure Gold

Good tips throughout the course. I went away with a better understanding of how to succeed in affiliate marketing.

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Factors determining your earning potential

The greatest thing about Affiliate marketing is that it is highly flexible and unlimited. You determine how much to earn and from which source/network. There are no lower or upper ceilings, although, the ceilings can affect your cash flow. Your earning depends on several factors. The following are the main factors determining your earning potential;

Your resourcefulness
Whether traditional or digital, marketing is always a creative endeavor. In traditional marketing, being street-smart is always a plus. In the online marketing, being digital-wise is always a plus. Nonetheless, whichever marketing endeavor, mastering the product you are promoting, reading customer psychology to device an appropriate approach, predicting customer concerns and queries and addressing them in advance, persuasion and art of closing deal are all important.

Hard work pays
Every effort has a unique way of paying you. What is important is to monetize that effort. Don’t dwell on efforts that you can’t monetize.

Your focus
It is commonly said that time is money. Much more important, attention is wealth. Where attention is focused is where wealth comes from. You have to focus your effort to wealth generation endeavors. Some efforts may not result in quick cash, thus making one think that they are not monetizable. However, they can help one create wealth which boosts long-term income potential. For example, you can focus on creating quality blog posts over time. One blog post may not yield much in terms of monetization, but a series of quality expert blog posts in a certain niche can create a loyal following. This loyal following can result in stable long-term income streams.

Optimization
Whatever you do, seek to optimize it. One of the best ways of optimizing your earning potential is to automate your income streams.

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2 people found this helpful

Custom coupons

Custom coupons are those kinds of coupons branded by affiliate marketers. They are offered by the product merchant to the affiliate to customize as per the target audience. This helps to build loyalty and trust as the audience can feel that you have some special pricing power or bargain offer that they cannot get elsewhere. Not all product merchants or affiliate platforms offer this facility. You need to be conscious about this as one of the criteria for choosing the right product and platform.

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