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7 Steps To Unlimited Income
7 Steps To Unlimited Income
by Gavin Morris
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Ever dreamt of turning a single sale into an ever-flowing stream of income?
Who wouldn't want to break free from the hustle and savor the sweet taste of passive wealth?
Picture this: consistent paychecks rolling in, month after month, all from the effort you put in once, this is the magic of recurring commissions, the gem of affiliate marketing.
Today we're diving into the Affiliate's Holy Grail: Recurring Commissions. We'll unravel the secrets behind turning your affiliate marketing game into a perpetual payday.
Welcome to the seventh wonder – where we uncover the art of creating long-term wealth with recurring commissions.
Understanding High-Ticket Affiliate Earnings
Understanding High-Ticket Affiliate Earnings
High-ticket affiliate earnings are about promoting and selling expensive products or services. The key difference is in the price point. Instead of pushing low-cost items, you're focused on high-value items that often come with a hefty price tag.
This equates to a more substantial commission for each sale, leading to the potential for increased profits with a reduced number of transactions.
What Sets High-Ticket Affiliate Earnings Apart?
What Sets High-Ticket Affiliate Earnings Apart?
Envision earning commissions that go beyond the ordinary – high-ticket earnings that can significantly amplify your income. These aren't your standard commissions; they stand as heavyweight profits in the affiliate world.
The Difference Between High Ticket and Normal Affiliate Earnings:
High Ticket Affiliate Earnings:
Commission Percentage: Typically ranges from 20% to 50%.
Commission Amount: Higher ticket prices lead to more substantial earnings per sale.
Examples
Selling a high-ticket course at $2,000 with a 40% commission earns you $800 per sale.
Promoting premium software at $500 with a 30% commission results in $150 per sale.
Normal Affiliate Earnings:
Commission Percentage: Commonly falls between 5% to 20%.
Commission Amount: Lower product prices yield smaller earnings per sale.
Examples
Marketing an average-priced item at $50 with a 15% commission earns you $7.50 per sale.
Promoting a standard service at $200 with a 10% commission results in $20 per sale..
In essence, high-ticket affiliate earnings offer a higher percentage and overall commission due to promoting more expensive products or services, while normal affiliate earnings involve promoting lower-priced items with comparatively lower commissions.
Examples of High-Ticket Products Include:
Affiliate Business System:
Kinsta: Up to $500 for a subscription sale with potential for 10% recurring lifetime commissions.
ClickFunnels: Up to 40% recurring commissions on all front-end offers and $100 for sales of other products.
HubSpot: Up to 100% recurring commissions on all HubSpot subscriptions.
Liquid Web: Up to $150 for a subscription sale.
Thinkific: Up to 30% commission on all Thinkific subscriptions.
Authority Hacker: Up to $1,979 per sale.
Teachable: Up to 30% commission on all Teachable subscriptions.
Fiverr: Up to $100 for each new customer that you refer to Fiverr.
The Prospects and Challenges
The Prospects and Challenges
While the appeal of high-ticket earnings is evident, it brings along its unique set of challenges. Successfully selling high-ticket products requires a different approach.
The potential for significant income goes hand in hand with the need for a considerate strategy.
The Prospects of High-Ticket Affiliate Marketing:
Elevated Earnings Potential: High-ticket affiliate marketing opens the door to substantial income, far beyond the limits of standard commissions.
Establishing Authority: Successfully navigating the high-ticket game positions you as an expert in your niche, earning trust and credibility.
Long-Term Revenue Streams: Unlike one-off transactions, high-ticket products often lead to recurring revenue, providing a more stable income over time.
Premium Brand Associations: Promoting high-ticket items allows you to align with top-tier brands, enhancing your own image and authority in the marketplace.
The Challenges of High-Ticket Affiliate Marketing:
Strategic Precision Required: Selling high-ticket products demands a nuanced strategy, precise targeting, and a deep understanding of your audience.
Extended Sales Cycles: The journey from prospect to conversion can be longer with high-ticket items, requiring patience, persistence and relationship-building.
Intense Competition: The allure of elevated commissions also attracts fierce competition, making it crucial to stand out in a crowded market.
Building Trust Takes Time: Establishing trust with customers is paramount, but it's a gradual process that requires consistent effort and genuine engagement.
Customer Resistance: High-ticket purchases often face more scrutiny.
What You Need to Know Before Creating an Offer
What You Need to Know Before Creating an Offer
Every problem that you solve, creates another problem.
For example:
You just purchased your dream home. However to enjoy your home you need, electricity, plumbing, insurance, furniture, maintenance etc...
Therefore you don't just want to sell a product, you want to be a step ahead and provide a solution so that future problems from the original problem do not arise.
Imagine:
You want to start an affiliate marketing business.
You spend $2000.00 on an affiliate marketing course that promises that you can make $100,000 in six months!
You complete the course only to find out that you still have to pay for a website, pay for funnels, spend on advertising, and other tools to assist you along the way.
Not only that, you are confused about where to focus your attention, how to build a website, how to make funnels and landing pages, what products to sell, and where to sell them all because the affiliate marketing course you purchased did not teach you these things or provide them for you.
Now you have all these problems to solve, which is going to take a considerable amount of time and money, trying to figure all of this out. It is not likely that you will make your $100,000 in six months and in fact, you are most likely at risk of losing more money than the original $2000.00 that you spent on the course.
Believe me, I have been there and done that, I spent thousands of dollars doing courses that got me nowhere and years of research trying to figure it all out.
Therefore your offer needs to solve most or all of these problems to be of great value for your customer, wouldn't you agree?
When you come in and solve the overall problem you are putting yourself above and beyond those marketers who just want to sell the product and you become the authority figure that people want to turn to, you can build a community of people who want to follow you, trust you and recommend you to more people.
The Criteria for Choosing A Great Offer
The Criteria for Choosing A Great Offer
Provide Great Value.
The more value you and your offer can deliver the more successful you will be in your business, do not try and shortcut this by doing the least amount of work for the most amount of money, value matters! You need to deliver a massive amount of value in whatever you are selling.
It's not about just the product, it is about connecting with your customers and audience. You can do this by creating helpful content in the form of email letters, social media posts, having your own Facebook group, and blogging.
A Clear and Concise Offer.
Your offer needs to be clear and concise when explaining what you have to offer to your audience, this is why the structure of your message is important, if your message is unclear and confusing, people will not buy from you.
Explain Your Offer.
People are naturally skeptical, no matter who you are or what you are selling, they need to be naturally convinced, and you need to deliver a logical and emotional reason as to why your customer needs this offer. What is it going to do for them?, How is it going to make them feel? What will they be able to achieve once they have purchased your offer?
A Webinar Funnel
What is a webinar funnel?
This is a marketing strategy that is designed to attract, engage, and convert potential customers through the use of a webinar. This can be in the form of an online presentation, workshop, or seminar that allows your customer to interact with the owner of the product in real time.
A webinar funnel involves a series of steps to guide a person from awareness of your product or service to then taking action, such as purchasing your product or signing up for further engagement.
Unless you are creating your own product, you do not have to worry about making one of these yourself, this will already come as a promotional tool that you can acquire when you start promoting your offer.
There are many benefits to a webinar funnel and makes it easier to sell a product as it explains the offer and what your customer will gain from having the product. This is also a great way for you to collect leads so that you can send emails to them.
Before you start promoting the product be sure to sign up and watch the webinar so that you can gain full knowledge of what it is that you are selling. This will also give you ideas for promotional headlines, for your ads and banners.
Write out all that you can about the product, the more knowledge you have the better you will be able to communicate this to your customers.
If the webinar does not make you feel like you would want to buy the product, then do not promote it. Find another offer that you would want to buy.
You don't need to buy the actual product but it will make it easier for you to promote and sell if it is something that you would want for yourself. If you don't feel an emotional connection to the product, it is likely that your customer will not either.
To learn more about webinar funnels, click here.
Great Reviews
Be sure that the offer you are promoting has a good reputation and great reviews from people who have already used the product.
You can usually find the reviews on the sales page of the offer, it is always a good idea to check the sales page before you start promoting the product.
Provides a Guarantee
It is important to provide a guarantee if you want your offer to succeed and sell faster. Provide a bulletproof guarantee so that your customer feels that they are not putting themselves at any risk of losing money.
Offers a Discount or Premium Service
You need to give your customers a reason to buy from you. Find a good quality product that offers a discount or premium service. Look for what is missing in the product and offer it as a bonus to your customers.
If you find that people are feeling lonely in their journey, offer 1 on 1 support, as a bonus to your product. If they do not how to do anything yet, offer free weekly training to get them up and running fast.
If they don't know how to make a landing page, offer them a free ready-made landing page. If they don't have money for advertising offer free strategies that they can use to get their leads.
Think about the follow-up problems and solve them for your customer.
For Example:
You are promoting an online course that is helping people to start an online business. If that online course has a Facebook group, go to the group to find out what people are complaining about or what struggles they are experiencing and look for a way that you can solve this.
If the promoted product does not have a Facebook group then search for similar groups that you can join on Facebook to discover the problems that people are facing and also visit Quora where you will find many questions that people want to know the answer to in your related niche.
Creating a Winning Offer
Creating a Winning Offer
A good winning offer should look like this:
You are selling a made-for-you affiliate website:
Message:
Discover How I Have Helped Over 4,000 Documented Customers Successfully Build Their Own Profitable Online Business With No Experience, Products, or Website.
With this website, you will get:
A done for you affiliate business and website
Step by Step instructions for setting everything up.
Free courses.
Mentoring and weekly training.
24/7 support.
Facebook group and a supportive community.
A blogging platform.
A license to sell courses at a value of $495.00.
Live streaming right on your website - no more zoom.
Cloud flare integration
Autoresponder integration
Webinar funnel
Video sales letter
Total Value: $6,000
Today only pay $2500.00
30 day money guarantee
Finding Your High Ticket Affiliate Offer
Finding Your High Ticket Affiliate Offer
General Affiliate Marketplaces
Click Bank
JV Zoo
CJ Affiliates
Systeme.IO
Digistore24
Kartra
Warrior Plus
Criteria For Choosing an Offer From These Marketplaces
Must solve the problem for the people in your niche.
Must have a webinar or video sales letter funnel.
The product or owner must have good reviews from past clients and customers.
You will earn at least $300.00 per sale unless it is a recurring commission.
You must get paid at the end.
Joining Affiliate Programs
Joining Affiliate Programs
Follow these steps to join an affiliate program so that you can start promoting high-ticket affiliate products.
In this example we are going to use Click Bank as our marketplace to show how to find your products, however you can apply this method to most marketplace platforms.
Strategies for Skyrocketing Recurring Commissions
Strategies for Skyrocketing Recurring Commissions
Trust: The Currency of Recurring Commissions
Trust is your golden ticket. It's not something you earn once and forget, it's a daily deposit and the backbone of recurring commissions. Be transparent, and honest, and deliver what you promise. People are more likely to stick around and subscribe when they know you're the real deal.
Deliver Value That Sticks
Don't just peddle products; create an experience. Craft content that genuinely helps your audience. Whether it's solving a problem or entertaining, make it worth their time. Valuable content keeps your audience engaged and they will be more inclined to follow you.
Engagement Isn’t a Suggestion, It’s Mandatory
This isn't a monologue; it's a conversation. Engage with your audience like they're your business partners. Respond to comments, emails, and DMs. The more engaged you are with your audience, the less likely they are to unsubscribe or walk away.
Quality Over Quantity in Product Selection
Not all products are created equal. Choose wisely. Opt for products with a stellar reputation and happy customers. It's not about quantity; it's about quality. A few top-notch products can outshine a sea of mediocre ones any day.
Choose Subscription-Based High Ticket Affiliate Products
Choosing products with subscription-based models is a game-changer in the affiliate arena.
Imagine putting in the effort once, and the commissions keep rolling in month after month. It's like planting a money tree, and instead of picking the fruit just once, you're harvesting it on a consistent and regular basis.
The effort you invested upfront will continuously pay off. Month after month, those commissions are stacking up, turning your initial hustle into a steady flow of income.
This is the power of subscription-based models – a smart move for any high-ticket affiliate marketer.
Precision Targeting
Be the Sharpshooter In the high-ticket affiliate marketing world. Do not be tempted to cast a wide net when it comes to choosing a niche. It is important to have a targeted audience. It’s not about trying to fulfill everyone's needs, it is more about positioning yourself in the right way, among the right people.
Be the Go-To Authority
Position yourself as the go-to expert in your niche. Become an advisor, not a seller.
Instead of thinking about who you can get, change your mindset to who can I help and what can I help them with?
When people have questions, you should be the first name that pops into their heads. Be the resource they can't do without. People will be more inclined to stay with you and renew their subscriptions when the time comes.
Self-Education for Industry Knowledge
Never underestimate the power of self-education. Stay ahead of the curve, devour knowledge like it's your secret weapon. The more you know, the better equipped you are to provide value leading to loyal subscribers.
Embrace a Circle of Achievers
Surround yourself with individuals who share similar objectives and ambitions. Whether it's on platforms like Facebook, LinkedIn, or other online communities, find groups aligned with your goals. Within these communities, feel free to pose questions, gather valuable insights, and contribute by sharing your own experiences and knowledge. It's a win-win scenario, significantly accelerating your journey to success.
Embrace Mentorship for High-Ticket Affiliate Success
Embark with like-minded individuals on a partnership towards purpose and shared desires in the realm of mentorship. Being part of a mentorship community is not just for seeking guidance, it is interactive and you can look for advice, gain understanding, and share your own experience. This helps to propel everyone to success even faster.
Crafting Value-Infused Content in the High-Ticket Affiliate Spotlight
Crafting Value-Infused Content in the High-Ticket Affiliate Spotlight
Make sure that your content is valuable, informative, and helpful. Don't overstuff your page with advertising, this is a big turnoff for many and people are less likely to stay on your page if they have to keep skipping past ads to get to the next part of your content.
This also makes your page look untidy and unprofessional. Especially if you are advertising products on your page that are unrelated to the topic you are blogging about. If you expect people to pay for your high-ticket products, give them a high-ticket experience on your website.
If you want to monetize from advertising on your website then set up a website specifically for that reason and keep your high-ticket website free from the noise of advertising.
Relevance:
Choose the products that go in line with your audience. For instance, if you have a blog on home improvement, the products to be chosen need to relate to home improvement and not for example dog training.
Quality:
Opt for high-quality and dependable commodities. You wouldn’t want to push products that will let your audience down.
Conversion rate:
Select products with a high conversion rate. This implies that a big number of people who click on your affiliate link will convert to customers.
Promoting Your Affiliate Products
Promoting Your Affiliate Products
When you do something that excites your enthusiasm, it no longer appears to be labor. This connection between love and labor plays an important role in making sure that your chosen career is not only financially rewarding but also emotionally satisfying.
When thinking about potential career opportunities, start by considering what lights up your heart - be it writing code or tending gardens.
If financial security is equally important as following one’s passion, there are resources available online such as the Occupational Outlook Handbook, which provides detailed information on various job positions including salary ranges and projected growth rates.
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Conclusion
Conclusion
You've learned how to navigate the sea of career options. You've understood why aligning your passion with your profession is crucial and how different careers can influence your lifestyle.
You now know that assessing yourself is key when deciding on a career path. And you're armed with tools like NCCareers.org's Interest Finder and Myers-Briggs Type Indicator to help you do just that.
You also have insight into researching employment markets, understanding salary ranges, and exploring education costs and training requirements - all vital in shaping future decisions.
The road may be long but remember this: it's not about finding an instant fit; it’s about building a sustainable foundation for growth. So as we wrap up our guide on how can you choose a career, take these learnings to heart because they will light your way!
Affiliate Disclaimer: We at Exponenz.com are committed to transparency and honesty in all of our communications. As part of this commitment, we wish to inform you that some of the links on our website are affiliate links. This means that, at no additional cost to you, Exponenz.com may earn a commission if you click through and complete a purchase or sign up for a service.
Our team carefully selects each affiliate partner based on the quality and relevance of their products or services to our audience. The compensation received from these partnerships supports the ongoing operation and development of our website, enabling us to continue delivering insightful and valuable content to our readers.
Your trust is important to us, and we strive to provide honest and unbiased recommendations. We encourage you to use our affiliate links, knowing that you are supporting [Your Company/Website Name] in our mission to provide high-quality content. We appreciate your support and understanding.
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