Transcription

https://thevideotitan.com/00aiwhisp25/s8/S8_7-affiliate-either-or.mp4 to https://thevideotitan.com/00aiwhisp25/s9/S9-2-DOWNSIDE-TO-SELLING-PRODUCTS.mp4

1. https://thevideotitan.com/00aiwhisp25/s8/S8_7-affiliate-either-or.mp4
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### Affiliate is Not an Either/Or ##

#### Introduction ###

I've trained thousands of students in internet marketing, traffic generation, and related fields. This includes entrepreneurs, newbies, and marketers all looking to make money and grow their revenue.

My greatest frustration is trying to convince people to sell their own product. Everyone wants to be an affiliate, despite the fact that selling a product is actually easier and a lot more profitable.

#### The Compelling Case for Product Ownership ###

I don't think I'll be able to convince you either way. So for most people, here's my advice:

- Start as an affiliate, then become a product owner.
- You definitely want to do both, not just one or the other.
- Ideally, you do lots of the other. Here are my recent one-month stats:

[The image content with the statistics or illustration would be inserted here if the ebook is to include images.]

This dual approach of combining affiliate marketing with product ownership provides a balanced strategy to maximize revenue.

#### Advantages of Being an Affiliate ###

- Low Risk: Affiliate marketing allows you to test various marketing strategies without the need to create or own any products. You can easily adapt and change your approach based on what works best in the market.
- Flexibility: You can choose products that reflect your interests or are trending in the market, giving you a dynamic mix of options to work with.

#### Why Product Ownership is Essential ###

- Higher Profit Margins: Owning your product gives you control over pricing and the potential to maximize profits.
- Brand Authority: Creating and selling your product helps you build a personal brand, providing a solid foundation for long-term business growth.

#### Combining Both Strategies ###

By integrating both affiliate marketing and product ownership into your business model, you can offset the high initial costs of product creation with the steady income from affiliate commissions. This dual strategy ensures a diversified revenue stream, minimizing overall risk.

#### Conclusion ###

Starting as an affiliate marketer and gradually transitioning to product ownership enables you to learn the ropes of marketing without high stakes. As your understanding and comfort grow, you can confidently step into the product creation space, capitalizing on your existing skills and market insights.

This balanced approach not only maximizes your revenue potential but also builds a strong, sustainable business foundation.		  
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2. https://thevideotitan.com/00aiwhisp25/s8/S8_8-Breakdown-of-income.mp4
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Certainly! Below is the cleaned-up and formatted transcription with appropriate headers and sub-headers added, based on the transcription provided.

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Affiliate + Product Income: July 2024 ##

Introduction ###

Welcome to this section of our course where we discuss the affiliate and product income for July 2024. This month has been fairly mediocre with only a few affiliate promotions, all within the Internet marketing niche. Despite the minimal promotions, there is valuable insight to be gained from this experience.

Monthly Performance ###

One of the standout observations this month is that I only had one affiliate launch, which I promoted to a segment of my list. This strategy resulted in noteworthy earnings. Here's a detailed breakdown:

- All Earnings - Week:
  - CW29 2024: $9,166.56
  - CW28 2024: $22,288.50
  - CW27 2024: $20,058.05
  - CW26 2024: $14,673.49

Total Earnings in the Last 30 Days: $7,841.72

Key Takeaways ###

From my own products, I managed to earn a profit exceeding $50,000. In addition, I earned $14,000 in affiliate commissions across four networks. These figures underline the potential in both product creation and affiliate marketing when approached with a sound strategy.

Next Steps ###

To replicate this success, it's important to understand exactly how these results were achieved. The upcoming sections of this course will delve into the specifics of traffic generation, product creation, and marketing tactics.

Final Thoughts ###

Remember, anyone can do this with the right tools and knowledge. Continue watching this course to gain deeper insights and practical advice on boosting your income through affiliate marketing and product promotions.

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This clean-up consolidates and refines the information, making it more readable and suitable for an ebook format.
		  
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3. https://thevideotitan.com/00aiwhisp25/s8/S8_9-AFFILIATE-APPROVALS.mp4
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A Note on Affiliate Approvals ##

Introduction ###

One issue with affiliate marketing is that you typically need to be approved to promote a given offer. Visit affiliate networks, fill out a form, and explain who you are (website URL and traffic sources, etc). However, you have no sales or credibility! This is the "chicken-and-egg" scenario.

Bottom line is: it can be hard to get approved when starting out since vendors and affiliate networks don't know who you are. Therefore, you can't promote, so you don't have sales, so no one knows who you are, so you can't promote, and it becomes a catch-22.

Here are some workarounds...

Escaping the Affiliate Catch-22 ##

Ways to Escape the Chicken-Egg Scenario ###

The first point is, everyone is new to affiliate marketing, or a given affiliate network or affiliate program at some point.

The trick then is to build leverage so you look like "somebody" when you show up fresh at the party.

- Owning your own product immediately shows you're someone serious (with a buyers list)
- Understanding the niche and product shows you're serious (the product owner talks that lingo)

Building Credibility ###

Another way to establish credibility is by having an established website (again, if your site looks great you will get approved).

When they ask how you’re promoting, mention good quality traffic:
- Buyers list
- Established website
- PPC traffic (but check terms)

The more traffic you have, the more your leverage.

Ultimate Actions to Take ###

If all else fails, then simply do the following:

- Apply for lots of affiliate programs. Some will accept you.
- ClickBank is one of the few networks to allow non-approval.
- Get your own product (buyers’ list = sales = approvals).
- Simply make the campaign and show them. If they reject you, you can redirect the buyer traffic elsewhere.

Conclusion ###

Building credibility and establishing yourself within affiliate marketing can seem daunting, but by following these steps and creating quality content, you will begin to see success. Remember, everyone starts somewhere!
		  
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4. https://thevideotitan.com/00aiwhisp25/s9/S9-1-WHY-SELL-OWN-PRODUCT.mp4
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### Why Create & Sell Your Own Product ##

#### Introduction ###

In today's digital age, the opportunity to create and sell your own product has never been more accessible. Leveraging the latest advancements in AI and large language models (LLMs), even beginners can create profitable digital products. This chapter will explore the advantages of being a product owner, control over the product, and the potential profits.

### The Lucrative Potential of Owning Your Product ##

#### A Deeper Look at the Earnings ###

Let's take a closer look at the financial rewards of selling your own product. Here’s an example from a month in July 2024, where a mixture of affiliate and product sales was examined. The results showed a significant profit exceeding $50,000 from my own products, alongside an additional $14,000 from affiliate commissions across four networks.

This data highlights a crucial aspect: while affiliate commissions contributed a substantial amount, a major chunk came from selling my digital products. The earnings per order underscored how top affiliates often turn out to be successful product owners, illustrating that owning your product can exponentially increase your revenue.

### Full Control and Flexibility ##

#### Why Sell Your Own Product? ###

One of the most compelling reasons to sell your own product is the complete control you have over every facet of the business. This encompasses everything from website changes and offer repositions to running temporary discounts for major affiliates and altering upsell strategies. This level of control means you can tweak and refine every aspect of your product and sales process to maximize profits.

Additionally, owning your product allows you to keep all the profits instead of merely a percentage. If you do decide to incorporate affiliates, you can offer them between 50% to 100% of sales, further incentivizing major affiliates to promote your product.

#### Building and Leveraging Audiences ###

Another significant advantage is the ability to build and utilize an email list and retarget your audiences on platforms like Google and YouTube. This strategy not only boosts initial sales but also fosters long-term customer relationships, significantly enhancing repeat business opportunities—a critical element for sustained success.

By accumulating an audience base, you can sell more of your products while also promoting relevant affiliate products. This dual strategy increases your market reach and potential revenue streams.

### Conclusion ##

The decision to create and sell your own product can lead to substantial financial rewards, especially when you have complete control over your business and a robust strategy for building and leveraging your audience. By understanding the deeper potential and advantages, even beginners can tap into this lucrative opportunity facilitated by advanced AI tools.
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5. https://thevideotitan.com/00aiwhisp25/s9/S9-2-DOWNSIDE-TO-SELLING-PRODUCTS.mp4
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The Downside of Creating and Selling Your Own Products ##

Introduction ###

In this section, we'll explore the challenges associated with creating and selling your own products. While it can be immensely rewarding, it also comes with several pain points that you need to be aware of.

Product Creation ###

One of the foremost challenges is product creation. While today’s technology, including AI-powered software, can reduce the time it takes to create a product to mere seconds, this isn’t always straightforward. Even with automated tools, you may encounter steep learning curves and initial monetary investments.

Website Requirement ###

In addition to crafting the product itself, you’ll need a website and a dedicated download page. Again, AI can assist in developing professional-level pages, but this still requires some technical know-how and setup time.

Processing and Selling ###

Once your product is ready and your website is live, another challenge arises: processing and selling. Typically, this involves using an affiliate network to reach a broader audience. Navigating these networks and ensuring a smooth transaction process can be complex and time-consuming.

Customer Support ###

And finally, customer support. Though it is often feasible to outsource support services—especially when the volume of inquiries is low (usually under 10%)—it demands a consistent oversight to maintain quality customer relations.

Conclusion ###

In conclusion, while there are various significant pain points in creating and selling your own products, the benefits can outweigh these challenges. For those aiming to establish a business or generate income, self-sold products can be an excellent route.

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