One way to supplement your income you are earning promoting affiliate products is becoming a solo ad provider.
You’ve worked very hard to create your list using both paid and free traffic generation methods. You’ve also exploited your list by using it to feed your sales funnel. The next step is earning even more money from your list by becoming a solo ad provider.
Reinventing the Wheel
The thing to remember is that there are lots of affiliate marketers out there who are just like you when you first started this course … they wanted to get into the lucrative field of online marketing but they didn’t know how to get started.
Or they understood the benefits of promoting affiliate products, but they couldn’t or wouldn’t make the effort to build their list.
If you already have a successful online marketing business, you have something very valuable that they want … a big list of high-target prospective customers. That’s golden. That’s something you can exploit.
How Much Can You Make?
Another option is to negotiate with another solo ad provider to fit whatever budget you have. The first question most people ask is how much is my list worth. The answer is that it is worth whatever you can sell it for.
Generally, solo ad lists sell for anywhere from $50 to $100, but you can go higher or lower depending on the size and quality of your list. For example, if the people on your list are consistently buying most of the products you promote, you can charge more.
As a solo ad provider, you also should be open to the negotiated agreement. For example, if you are offering your list of 1,000 niche-centric contacts for $100, but a buyer doesn’t have $100 to spend, you can offer to sell them 250 contacts for 25. After all, some money is better than no money.
‘Wanna Swap Ads?’
Or if the marketer has no budget at all for paid traffic, you can propose an ad swap.
Ad swaps are a great way to trade solo ads with people who don’t have a big marketing budget, or have no marketing budget. You should continue to consider them even after you start to earn profits and have money to spend on advertising.
That’s because they allow you to build a community of peers who you can rely on not only for ad swaps but for information, product tips, to learn from their experience, support and even just to gossip or chat.
My experience has been that internet marketing is not really as much about the competition as it is about making contacts with other people and building a support system so you can help each other achieve your goals.
I may be prejudiced because I’ve gotten some of my best conversions from solo ads placed as part of ad swaps, but also because some of my most trusted friends in the industry have come from ad swaps.
In other words, you can do some horse trading in order to accommodate whatever low or no budget you have. In most cases, you can make money from solo ads even if buyers aren’t going to buy exactly the amount you originally offered. In my experience, the more you make deals with people, the easier it becomes.
Becoming a solo ad provider is a great way to multiply your online marketing income because you can use tools and processes you already have in place.