Monday Tip – It’s All About The Cash Flow

By Mark / April 25, 2011

I wish i had $10 for everyone who asked me if it’s possible to make a certain amount in IM in the next 2 weeks. Some of these people have rent to pay or a major unforeseen bill has suddenly appeared and have spent the last 6 months just reading about IM and not taking action and when they realize they need to take action.

Unfortunately by that point it’s too late, sure you might make $500 tomorrow to get you out of the hole but you won’t get the commission for 4 weeks or so.

Until now there has been very few ways to get instant payments, sure the $7 scripts worked for a while and then there was Rapid Action Profits , but that is confusing even for people who have been doing IM for years and it relies on split payments (I get 100% of the first sale your get 100% or the 2nd sale).

Back in February I interviewed Andy Fletcher (http://mjthompson.net/667/building-the-perfect-affiliate-network-interview-with-andy-fletcher/) who had set up Digiresults. At that time I thought it was a great idea and hoped that I would find it useful.

Now 2 months later I am writing this to tell you that you need to be using Digiresults either as an affiliate or a vendor. The system is excellent and is getting better all the time. It’s easy to use and it works. Not only that support if you need it is very responsive and helpful. I needed to integrate it with a copy of wishlist  member for a recent launch and the chief programmer worked on it with me until it was working.

However one thing stands out above all and it should be one of your main considerations when promoting products, the affiliate payments are instant. You make a sale and within seconds you have access to your commission.Digiresults uses their own proprietary technology to ensure that payments are made instantly and split properly. The fees are lower than Clickbank as well!

Not only that the cookies are lifetime cookies.  No more waiting for a month or 6 weeks to get your hands on your commission, and no more losing commission because someone waits until payday to purchase a product.

Promoting Instant commissions should be one part of you overall IM business plan, if i have a choice of promoting a product that pays $20 commission in 4 weeks or $10 instant commission I’ll probably go for the instant commission a lot of the time. There is something nice about seeing instant results.

Instant commissions open up a whole raft of opportunities for you, when i started in IM one of the reasons i didn’t like to use PPC was that you paid for your ads and then had to wait weeks to get paid, this negative cash-flow  made it impossible for me to spend more than a few dollars a day which wasn’t enough to test PPC so i moved away from it. If I had been getting the commission back instantly it would be a whole different game.

As a vendor some of the options being added make selling products so easy my two favorite recent additions are the dime sale option, sell X number of products at X price and then increase the price automatically, and the new option of having a 2nd tier of commission payments.

The option of having the 2nd tier is good for so many reasons , for example If you signed up today as a 2nd tier affiliate and i offered you 10% of each sale made by the first level affiliates you had promote someones products then for every sale they make you get paid immediately.  Scroll back to last week when one of my affiliates made 100 sales with an email to his list, that would have been the easiest $270 you ever made 😉

This option could also be used to hire an Affiliate manager and ensure that they were motivated, if they are getting paid instantly for each sale they generate they are going to keep focussed.

There are so many good points to DR that i could start to bore you with it, let me finish off by saying If i were clickbank i would be very very worries, DR might only be small now but Clickbank, Paydotcom and e-junkie should be very worried, give it a year and DR will be up there with the big boys.

Over the next few days i’ll be adding most of my products to DigiResults and setting up a 2 tier affiliate program, if you are a vendor try it out with one of your products If you an an affiliate try promoting one of the products on there , the quality is generally good and I am happy to recommend some that I use if you need guidance.

 

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Mark

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6 comments
Rob Stone

Hi Mark
Superb Post! It actually answered several questions I have for the guys at Digiresults who im waiting a reply from but as its a bank holiday in the uk, you got there first.
Does Wishlist member work for anyone looking to use it or best to ask for their help as you did?
Either way, great stuff!!
Rob

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Mark
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Rob it will work for everyone, they are adding the method to the helpdesk files but just contact me if you need help

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Paul Forcey

I really liked the instant payments for sva. As you say it really does help cash flow and now they have the 2nd tier payment option it makes a lot of sense to add it as an option for all my plugins.

A busy week ahead ahead for me adding stuff to digiresults. Thanks Mark!

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Chris Hunter

I like a lot of what I see on DR, but the amount of brand name products there is very disappointing.

Most of the products for sale there just take you to someone’s WSO, which is ok and great for WSO sellers, but not what I was really hoping for.

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Mark
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Chris, It will improve over time, both of the products i currently have on there are not wso’s I am planning to add all my other products in the next couple of days. I know several other marketers that are adding their products as well.

The thing with wso’s are that some of them are very good and go on to become very well known products (WordPress goldmine started as a wso 3 years ago). Two products that i can highly recommend that are on there at the moment is Easy FanPage Design by Justin Wheeler and wpMassUpdater – Automated WP Version and Plugin Updating Software by Dave Twomey

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Ed

Hi Mark,

This is a breath of fresh air compared to Clickbank so thanks for telling us about it.

Cashflow is so important especially in the times we live in right now.

HMMM…I guess I’ll need to find your product links there in future and change all my links…more work!!!

LOL… never mind … it will be worth it in the long run 🙂

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