In today’s fast-paced, electronic world, affiliate marketing can be a great tool for your business. Once you can define affiliate marketing and have picked up some useful affiliate marketing tips, it’s time to consider whether it can help your business. The web is getting bigger by the day, and spreading your presence to other web sites can help attract more visitors and customers to your web site, providing a route for your business to grow.
Return on Investment. I can be calculated via the same method as ROAS, but in the interest of diversity, I'll show you an alternate option to calculate it. To calculate the ROI on a campaign, you can take the gross profit from running the campaign minus the cost of running the campaign and divide it by the cost of running the campaign and times it by 100 to get a percentage that the investment returned. Example – if you spent $200 to run a campaign and you made a gross profit of $600, you would take $600 (gross profit) – $200 (campaign cost) to get $400 and then divide $400 by $200 (campaign cost) to get 2 and multiply that by 100 to find a 200% ROI for the campaign.
You can afford it. If you’re hesitant to purchase the course because money is tight right now (I KNOW how that feels), I strongly discourage you from making the purchase. Michelle offers a payment plan, but personally I am against those because in my mind, if you can’t afford the full price, you can’t afford the course. Please just use the free resources Michelle generously offers on her blog or check out my blogging tips. When your budget is ready for it, THEN you can purchase the course.
These two services are requirements for a successful affiliate marketing website. While there are free options available, I never recommend setting up your first affiliate marketing website on a free platform. For more information about why I do not recommend setting up a free affiliate marketing website, you can read my article about why free affiliate marketing websites are a waste of time.