You may not be aware of this, but if you are promoting lower-end affiliate products on your website or blog even if it is the same way as promoting high-end products, the product owner is the one who is making the majority of the profit.
If you are like me, then you would rather pocket a large chunk of that commission yourself.
The problem with most of the aspiring affiliate marketers is that they don't really know what is high ticket affiliate marketing and where to find such high-end products?
By following the process used in high ticket affiliate marketing, you can expect to increase the amount of commission that you make on the affiliate products that you are already promoting.
To get started with affiliate marketing, it is strongly recommended to look into the high ticket affiliate marketing and if required get a top-rated online training in the online marketing world to understand marketing, funnels, front and back end offers/
Furthermore, create an affiliate marketing business that you allow you to promote products that you have tried and earn those higher commissions.
In this post, we are going to explore what is high ticket affiliate marketing, how it works, why you should try it and how to promote high ticket affiliate products?
Here we go:
What is High Ticket Affiliate Marketing?
As you would expect from the title, the high ticket affiliate marketing is simply affiliate marketing that is promoted by you that includes the sales of higher-priced affiliate products, which will result in higher commissions for yourself. Usually, a high ticket affiliate marketing commission is used to refer to commissions that are generally $1,000 or more.
These items offer a large sum of money for a single sale.
As is the case in regular affiliate marketing promotions, you will generally receive anywhere from between $5 - $500 on every product that is sold, and that isn't to say that this isn't a great program and that you won't earn money this way; because you will.
That said, you will want to aim to achieve the higher end affiliate marketing because that will increase your weekly, monthly, and yearly revenue by leaps and bounds.
These high ticket items can earn you commissions of $1000 or more, and as you may have guessed these items are at a higher ticket price, and that is what gets you that huge commission.
Some affiliate programs that you can join have incredibly good offers and one sale from a promoted product on your blog will allow you to acquire one of those massive commission checks.
As an affiliate, you generally will receive 40%-50% of the total sale of a product that you are promoting on your website or blog, but on high ticket items, that percentage will decrease to lower than 10% in most cases.
This is because the margins will be lower, as they are physical products as opposed to subscriptions and other services.
How High Ticket Affiliate Marketing Works?
Regardless of your background or what type of online website you have or are going to create, anyone can be a high ticket affiliate marketer.
There are a lot of niches out there, and the one that you specialize in is guaranteed to have products that you can promote, and this can be done with online products or even those that are sold locally to your location.
Because regular affiliate programs don't offer a high amount of commission (even though the percentage is higher), you may find that you will need to promote the sales of these items much more than with high ticket affiliate products.
This is not the case with high ticket affiliate marketing, as your commissions will be a lot higher for one product sold.
The products that you choose to promote can include digital products that are sold online, or coaching and consulting products; the possibilities are endless.
However, the products or services that you decide to promote should have considerable value for the consumer to achieve sales.
Regardless of if you are dealing in the high ticket or standard ticket affiliate marketing, you will be responsible for marketing and promoting the product on your website so it would be wiser to spend the time and energy promoting high ticket items, as that will bring in the revenue that you are wanting.
ROI (Return on Investment) is something that a lot of people don't understand, and it is very important for any type of business, but especially with online ones that utilize affiliate programs.
This leads us to the next important part of this process: the high ticket affiliate marketing training (courses).
Why You Should Take a High Ticket Affiliate Marketing Course?
The reason being properly educated on affiliate marketing is so vital is because by not utilizing marketing strategies to the fullest, you are effectively eating up your funds for promoting your products of choice.
The great thing about high ticket marketing is that it doesn't matter if you break even or not on the front end of your sales funnel; that said, the majority of what you will be aiming to accomplish is to generate leads for the company that owns the product you are promoting, thus leading customers to their doorstep.
And this is why it is so important to know the right and wrong ways to do this, and education in affiliate marketing will help you in this endeavor.
To quickly and briefly iterate, high ticket affiliate marketing will start with a low front end cost, while on the back end, higher-priced plans or products will be there that let you earn a lot of money.
How To Promote High Ticket Affiliate Products?
In this section, we will be going over the top 3 tips that will help you to get started and maintain a successful business in affiliate marketing.
1. No, It's Not Hard To Sell High Ticket Products
Ignore the myth that it's harder to sell high-ticket items.
Unfortunately, there are a lot of misguided people out there (even in this industry) that would have you believe that it is harder to sell high ticket items as opposed to standard ticket items; this is complete and utter nonsense.
For the most part, these individuals have not taken the risk either out of fear or laziness to try to sell high ticket products.
That said, there is a vast amount of men and women out there in our society that are willing to invest more to gain more; as the phrase goes: "high risk, high reward".
This is not a rare occurrence, either, especially in the world of business.
Don't doubt yourself or think that someone wouldn't be willing to spend a large amount of money on business ventures or marketing products because there are.
2. Identify Your Ideal Buyer
Knowing your ideal client base and marketing to them is a very important part of being successful in the world of affiliate marketing.
For example, if you tried to sell the world's best ice cream to a group of lactose-intolerant individuals you would not be successful; however, if you took a version of that ice cream that was lactose-free you would be.
Don't make the common mistake of marketing the wrong product to the wrong crowd; even if your product is excellent, if the group you are trying to sell to does not see the value it can have to them, they will not be interested.
By identifying who your ideal group and demographic is for your product, you can then begin to market to them in a way that will make them feel like they need your product or service.
And this is where sales may come into play more, as you will need to determine and identify your ideal group's needs, problems, issues, and wants.
The clearer defined that your target's demographics and needs may be, the easier it will be to market to them; and ultimately, have them buy from you.
3. Use a System That Works For You, Not Against you
By creating a system that does the work for you, you are effectively taking away the amount of workload that you have.
You can do everything yourself, and a lot of people have but why would you if you don't need to?
By leveraging a system in place, you can eliminate most of the hard work on your part.
Whatever your niche or affiliate product may be, by thinking outside the box and finding a marketing system that does 80% of the work for you, it makes it so that the only real work that you have left to do is funneling the right people to the service or product that you are selling.
How To Succeed With High Ticket Affiliate Marketing?
One of the most important things to be successful with this is to be able to spot the differences between the high ticket and standard affiliate marketing.
The biggest drawback to standard affiliate marketing is the fact that you don't get paid based on the back-end sales, it is only on the front end.
Translated, this means that for every $100 worth of a product that you sell, you will only receive 2-50% of the price, and this does not equate to a decent commission.
Additionally, when you start to go in-depth into online marketing, you will quickly realize that directing online traffic to your website or blog will begin to eat into your budget.
Unless your sales volume is high, you most likely won't make much revenue this way.
- Market yourself, and begin by building up a clientele that is in a separate email list. You will want to maintain a good relationship with this inner circle
- Look into monthly membership programs that pay recurring commissions.
- Find affiliate programs that tether someone to you for the lifetime of that program; when this person buys something from this website, you will receive a commission regardless of what it may be.
To step away from feeling like an online salesperson and to begin making real money with affiliate marketing, you will want to start doing these things (keep in mind that all require you to learn how to generate leads by using an automated email system):
Pros and Cons of High Ticket Affiliate Programs
In comparison to standard affiliate programs, a high ticket affiliate program offers far better payouts with much larger commissions. Listed below are not only the pros, but also some cons to allowing you to be informed on all aspects of this industry.
- Large commission payout on every sale, compared to standard affiliate marketing, you can expect to double what you receive
- Allows you to put your time into honing your marketing skills and take it to social media among other online platforms
- Enables you to move around your funds to invest in additional leads and opportunities
- There will be less potential buyers due to the nature of the cost, but you will need to make fewer sales as well
- Low conversion rate as compared to standard affiliate marketing
- More sales experience and marketing work to ensure a returning customer
Without the know-how or training, you may waste time and money on ads.
As with most online businesses, knowing your strengths and what you need to improve on is vital to success, and if we could recommend one thing it would be to decide on one niche to start with.
In this day and age, people like to be the jack of all trades, but when you are starting that can only work to hinder your progress; remember, this isn't the easiest profession to begin in, and you won't get rich overnight.
However, if you find your niche and educate yourself and know how to properly execute it, there is no limit to what you can achieve with high ticket affiliate marketing.
Both standard and high ticket affiliate marketing are great for working from home and running your own business, and in some cases finding a balance between both can bring in the most income.
That said, one thing for certain is that you have all that you need at your fingertips.
Affiliate marketers who are successful in this industry don't waste time, money, or resources dabbling and spreading themselves too thin.
By keeping a focus on what you know, and what you are sure will sell will enable you to increase your revenue and live the life you always wanted.
I'm excited to know your thought or experiences with high ticket affiliate programs, feel free to share in the comments below. 🙂