What Is Affiliate Marketing?
Affiliate marketing is a marketing model whereby a company compensates you for referring traffic, which can either be a lead or a sale. You are then paid (typically) a commission on the sale to which you referred.
Can Beginners Do Affiliate Marketing?
Absolutely. In fact, for those considering entering into the digital marketing space or looking to make money online, affiliate marketing is often the easiest and most lucrative option.
Affiliate marketing is well suited for beginners as the learning curve is low, there is very little investment (other than your time) and the potential to earn money quickly is high.
How Do I Become an Affiliate Marketer?
Becoming an affiliate marketer is as simple as obtaining a referral link from the client. This can either be directly from the website or affiliate marketing platform. Once you have the affiliate link, share it with your audience and once a member of your audience makes a purchase with your link you will be paid a commission of the sale. It’s as easy as that.
What is High-Ticket Affiliate Marketing?
High-ticket affiliate marketing is affiliate marketing, but with a focus on high-ticket, high-commission offers. High-ticket affiliate marketing is generally considered to be affiliate marketing where the affiliate marketer (you) can earn more than $1,000 per customer.
There are typically two types of high-ticket affiliate marketing.
The first type of High-Ticket Affiliate Marketing
The first type is a one-time sale of a high-ticket item. These high-ticket items can range in price from many thousands of dollars to tens of thousands of dollars. A fixed commission is offered and the commission for the sale amounts to over $1,000.
The second type of High-Ticket Affiliate Marketing
The second type of high-ticket affiliate marketing is where you receive a recurring commission on a sale. A good example of this is Software where the user pays either an annual or monthly fee. Each time the customer pays their fee, you earn a commission on it. Oftentimes, these offers include lifetime recurring earnings, which in theory means you can earn a commission for life.
While the individual sale price of these items generally range within a couple hundred dollars, the cumulative commission over a period of months of years can equate to many thousands of dollars in commissions earned from a single referral.
If you are looking to get started with high-ticket affiliate marketing, here are the 5 steps:
Step 1: Obtain a Core Understanding of Affiliate Marketing
If you are new to this space, the first thing you will need to do is learn about this marketing method. There are a few ways this can be done, through independent internet research or by learning under the guidance of an expert. At this step you need to understand how affiliate marketing works, the main affiliate platforms, how commission structures work, most popular affiliate marketing categories and products as well as obtain basic internet marketing skills. All of this can be obtained in our FREE high-ticket Affiliate Marketing for Beginners course.
Step 2: Find Your Niche
Identifying your niche is a very important step and component when it comes to being successful with high-ticket affiliate marketing. The niche you pick must be an area or subject in which you are genuinely interested. Picking a niche you have past experience in, and a keen interest familiar with is important for the simple reason this has to be something that interests you.
Affiliate marketing is a process of earning a commission by promoting other people’s (or company’s) products. You find a product you like, promote it to others, and earn a piece of the profit for each sale that you make. affiliate marketing is a great way to earn extra income, but it can be tough to find your niche.
Here are some tips:
- Do your research. There are literally millions of affiliate products out there, so it’s important to narrow down your options. Research the affiliate programs that are available and read reviews from other affiliate marketers. This will help you determine which programs are reputable and which ones aren’t worth your time.
- Find a niche that interests you. affiliate marketing is much easier when you’re promoting products that you’re interested in. Not only will you be more motivated to sell, but you’ll also be able to provide valuable insights to potential customers. For example, if you’re passionate about health and fitness, you could promote workout gear or healthy eating products.
- Consider your audience. When choosing a niche, it’s also important to consider who your audience is. What are their interests? What problems do they need to solve? Identifying your target market will help you choose affiliate products that they’ll be more likely to buy.
- Start small. Trying to tackle too many niches at once can be overwhelming, so it’s best to start small and build your affiliate marketing business over time. Once you’ve found a niche that works well for you, you can always expand into other areas later on.
Step 3: Find Your Affiliate Product (Within the Niche)
There are literally thousands of affiliate products to choose from when it comes to affiliate marketing.
Some of the biggest programs are:
Choose one of the largest Affiliate marketplaces and search out the top product within your niche until you find an affiliate offer that appeals to you. When looking at affiliate offers, it’s important to the key to high-ticket affiliate marketing is to either choose a product that has very high commissions on a high-ticket item or a program that allows for lifetime affiliate commissions.
Step 4: Decide on Your Marketing Channels
There is no shortage of marketing channels to market on. Once you have decided upon the particular item you would like to market, the next important step is deciding how you are going to get people to see your offer. How and where are you going to develop the traffic from? Fortunately, many social media channels can offer excellent sources of traffic.
This can include:
For most new creators, starting a TikTok channel is the feistiest and easiest method to generate new traffic to your offer.
Step 5: Create Marketing Content
Once the foundational steps have been completed, this is where the majority of your time as an affiliate marketer will be spent. Yes, it is possible to earn passive income with affiliate marketing, but you first have to put the work in. Creating content, building your audience and following is the most important step and where most marketers fail.
Fortunately, there are many online platforms where you can market products and to a large degree, the platform you choose depends on your comfort with that particular media. If you like to write, blogs can be very lucrative. If you enjoy image creation, then Pinterest may be your platform or Tiktok. If you like to be in front of the camera, then YouTube may be your platform.
Creating your marketing content and building your audience and how you achieve this depends largely on which platform and the type of content you are most comfortable creating.
It is possible to hire out this step, but in the beginning, it’s important you perform these tasks yourself.