Autopilot Clickbank Income Pt. 1: Is It A Possibility?
With such a massive amount of marketers and internet entrepreneurs looking to create an online business that scales around their lifestyle, it's becoming fundamental for even the simplest business to be able to be outsourced, automated, or optimised to the point where it requires a tiny time upkeep. While this type of business leaves out many specific business models, primarily those based around a service business, it opens big doors in many others; primarily affiliate marketing, online PPC advertising, and automated online commission businesses. If you're an affiliate marketer looking to create an online income that requires minimal upkeep, or even no upkeep at all, then you need to make sure that your business can truly survive without you.
There are hundreds of money-making products out there promising an online income with zero upkeep and input, all competing with each other. While many can definitely offer this possibility, it's still easy for online entrepreneurs and marketers to fall for the same old traps. Whether you make your emails an absolute priority, or focus on metrics that aren't fundamentally important to your income, it's easy to fall back into the habit of creating work for works sake. This should be avoided for anyone looking to create an autopilot income, as the small tasks that suck time away are often the least important in the long run.
Do an 80/20 analysis on your businesses profit centres. These questions can help you cut the poorly performing parts of your business loose, and let you focus on the most important uber-profitable aspects:
- Wat are you selling most?
- Who are you selling to?
- How are you selling to them?
When you've identified what's selling, it's a lot easier to elimate the things that aren't selling. Identify the affiliate products that are responsible for 80% of your online income, and eliminate the others. When you free yourself from the work that the others produce, you can maximise the amount of time you spend on the more profitable ones.
Still worried about losing that extra revenue? Think about things this way: How many hours worth of work do the other products produce, and how much extra revenue do they bring in?
When you actually calculate the hourly value of each product, you can make more informed decisions on whether or not they're worth keeping. For example, an affiliate product that requires only two hours of work per week and brings in $260 in commissions, is paying you a total of $130 per hour. In contrast, an affiliate product that brings in $440 per week, and requires around 20 hours of work per week, is only bringing you $22 per hour.
If the above example proves anything to you, it's that revenue alone can be a distracting and false metric for measuring affiliate progress. When you measure by revenue alone, you lose a massive amount of potential analysis, and often fool yourself into thinking that you're earning more than you really are.
To read part 2 of this article, check out the free Powercharging Your Clickbank Income report. Feel free to distribute this article in any form as long as you include this resource box. You can also include your affiliate link if you sign up at Clickbank Pirate.
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