Thursday, December 16, 2010

What Does It Take To Succeed As An Internet Marketer?

I have been working extra hard over the last 30 days which got me to thinking -"What Does It Take To Succeed As An Internet Marketer?" Of course, the definition of success is subjective to each person. Let's be realistic and talk dollars and cents.

Each of us have set a monetary goal for ourselves. (If you haven't done this, stop reading and go do it now.) One of the things I have learned is there is no quick way to achieve your long term monetary goals.

This is why it is important to break down your goals in to steps. Let's say you want to achieve a monthly income of $1000 each month. How can you achieve this goal. What programs are you using? What is your success rate? What is your retention rate?

These are all important aspects you need to consider when designing your daily routine. If you are using a program which pays you a $10 monthly commission on each active referral, then you will need 100 active referrals to achieve your goal. If you have a success rate of 1 in 10 sign ups per legitimate contact, then you will need to make 1000 contacts to reach your goal. If your retention rate is 50%, then you will need to replace 50% of your referrals each month.

Now break this down in to weekly and daily goals. If you can get 50 contacts a week or 10 per 5 day work week, then it will take you 20 weeks to meet your goal of 1000 contacts. But, if your retention level is 50%, then you will need to add 10 weeks to you goal plan. This will give you a legitimate capability of reaching your goal in 30 weeks. If you take the time to look at a plan pragmatically, then you will understand why most people quit before they meet their goal.

So, What Does It Take To Succeed As An Internet Marketer? It takes a goal, a plan of action, and the determination & patience to see it through. If you became an Internet Marketer to Get Rich Quick, then I suggest you look for another business.

1 comment:

  1. Its a great Blog. Today, both the merchants and the affiliates can see clearly that affiliate marketing can work for both of them.