Which is the more potentially profitable activity … referring PRMs or ECAs?
Of course we should do both – refer PRMs and encourage ECAs to set up their TripleClicks stores under our SFI ID.
But to answer the question we need to understand the fundamental difference between a PRM (a Personally Referred Member) and a ECA (a E-Commerce Affiliate). A PRM is an individual customer whereas a ECA is a online shop.
Once we sign up a PRM they become our customer for life!
• We earn 45% of the CV (Commission Volume) for all orders that they place at TripleClicks.com;
• And we also earn all the VP (VersaPoints) on that order.
Provided we have become a EA (Executive Affiliate) once we refer a company to our ECA Gateway and they become an approved ECA they also become ours for life! It’s like we have our own online business that is being run and managed by someone else (although we should be always available to help and advice them).
• We earn a royalty of 10% of the CV on all their sales at TripleClicks.com;
• And we also earn all the VP (VersaPoints) on any sale.
A PRM can potentially become very active and buy a lot of products at TripleClicks and do this for the rest of their life – that is what we are hoping for. This will give us a good residual income – Great! But they are only one person and hence have limited purchasing power.
Of course overtime they may decide to become a SFI Affiliate – that would be even better for us because then they could duplicate what we are doing – have their own team of SFI Affiliates, PRMs and ECAs. And in this case their potential becomes unlimited (just as ours is).
But ECA has even more potential. It can sell as many approved products and services as it wants to through TripleClicks to just about anywhere in the world. It can develop its own loyal and growing customer base and other SFI Affiliates can become “connected” with it. (I am currently connected with 106 ECAs.) In effect other SFI Affiliates can become its marketers and help grow the ECA’s sales, for which they earn commissions as well.
A new ECA will also help grow TripleClicks and the bigger it gets the more successful our online Superstore will be. More products and services being offered in more countries helps make TripleClicks more popular – to become a person’s first choice in online shopping. Wouldn’t that be great? And in this case we all win because the EP (Executive Pool) will grow too.
So I think that a ECA is potentially more profitable.
But really PRMs and ECAs are intertwined and interdependent – the more there is of one the more there will be of the other.
Me? I’m just starting out in the PRM and ECA areas. Currently all my PRMs are inactive. And I have a ECA store. I set it up so that I could begin to understand it and I really need to get working on it. In both these areas I have a lot of work to do. BUT I can see the potential and I am prepared to learn and stay around to see that potential realized. In fact I am very excited about it.
So I recommend that you do the same - embrace both the PRM and ECA programs and see where they will take your SFI business.
"TO OUR FUTURE SUCCESS!"
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Which is the more potentially profitable activity … referring PRMs or ECAs?
Of course we should do both – refer PRMs and encourage ECAs to set up their TripleClicks stores under our SFI ID.
But to answer the question we need to understand the fundamental difference between a PRM (a Personally Referred Member) and a ECA (a E-Commerce Affiliate). A PRM is an individual customer whereas a ECA is a online shop.
Once we sign up a PRM they become our customer for life!
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