According to Statista, affiliate marketing spending in the United States alone is expected to reach $8.2 billion by 2022, more than triple what it was ten years earlier.
Moreover, based on Google Trends data, search interest in the query "affiliate marketing" has increased steadily over the past few years. Between 2015 and 2020, the search interest has gone up over 200%.
These numbers show that affiliate marketers will likely continue to thrive in the 2020s and beyond.
There are also other great business models for online entrepreneurs, but affiliate marketing is undoubtedly one of the best ones.
High-Ticket Affiliate Marketing is going to explode over the next few years
Search traffic on YouTube for the term "High-Ticket Affiliate Marketing" has also skyrocketed in the last few months, thanks in part to the wave of information flooding on TikTok.
This means that more and more folks are starting to learn about High-Ticket Affiliate Marketing as a viable option for a lucrative online business.
What is High-Ticket Affiliate Marketing?
High-ticket affiliate marketing is when you recommend a high price tag product made by someone else, and you earn a commission on the product's sale when the product is purchased through your affiliate link.
Does affiliate marketing work?
Yes! However, please remember that it will only work if done correctly. In affiliate marketing, it is a win-win situation for all parties.
1. The buyer gets better information about the product based on your recommendation, which allows him to make a better and more informed purchase decision.
2. The author of a product receives sales without actually having to advertise his product.
3. An affiliate marketer gets a sales commission on the sale of a product.
How can I make money with affiliate marketing?
You must first select the product you want to promote as an affiliate. You will then join the product’s affiliate program, where you will get your own affiliate link, through which sales you will receive a sales commission.
How much money can I make with affiliate marketing?
A lot! There is virtually no limit. For example, Stefan James received half a million dollars from a product launch in a few days. It is not unusual for top high-ticket affiliate marketers to earn tens of thousands a month.
Can affiliate marketing generate passive income?
Yes, you can! This is precisely the number one reason why I started affiliate marketing. However, you need to do a lot of work beforehand so that you can later enjoy the benefits of affiliate marketing and make money while you sleep.
It is an incredibly great feeling when you wake up in the morning and find that you’ve made a decent amount of money overnight through affiliate marketing.
How long does it take before I start making money with affiliate marketing?
It depends on many factors, and it isn’t easy to give an unambiguous answer. It can take a long time for many people before making a dime with affiliate marketing because they don’t know how to do it right.
If you do things right and are ready to put the work in affiliate marketing, you can start getting your first commissions in just a few weeks.
Do I have to be an expert on the product I recommend?
No! It is enough when you tell your honest opinion about the product. Choosing the best affiliate programs is essential because you only want to recommend only high-quality products. Ideally, you have benefited from the product yourself.
Do I have to use my face in affiliate marketing?
It is not mandatory. Many people do not want to do this either and have chosen a blog as their channel, for example. However, making videos as an affiliate marketer is beneficial as it helps build trust between you and the buyer. Building trust is one of the most crucial things in affiliate marketing.
Why High-Ticket Affiliate Marketing is better?
Many inexperienced affiliate marketers recommend large amounts of products, but they don’t get anything out of it. This is because the commissions paid for the products are too small.
Amazon, for example, has an affiliate program, but the commissions paid for it are very small, so to get decent earnings, you should have a huge amount of sales.
Commissions on physical products are rarely higher than 5%. It is a good thing to keep in mind when choosing products.
For this reason, I recommend focusing on, for example, high ticket digital products such as online courses, memberships, and software, for which the commissions can be as high as 50%. A fair commission is 40–50%. It is worth considering the products that offer these kinds of commissions.
For example, if you recommend a membership, make sure they pay a recurring commission, meaning you get commissions continuously as long as the buyer pays the membership.
The product costs 90 €, and the commission is 5%. To receive monthly earnings of € 3000, you need to refer the product 3000/90 * 5% = 667 times.
The product costs 1997 €, and the commission is 50%. To receive monthly earnings of € 3000, you need to refer the product 3000/1997 * 50% = 3 times.
Which one do you think is easier to pull off? The answer is obvious, start focusing on more expensive products.
It might surprise you, but selling a $997 affiliate product is not that much harder to sell than a $9 product.
Should I start affiliate marketing?
- You want to be your own boss and make money regardless of time and place
- You want to make money by helping other people with something that interests you
- You do not want to make your own product
- You understand that this is a long and sometimes rocky road, and success will not come overnight
- If you need to get money as soon as possible (= get a job and start later until your situation is better)
- If you want to quickly find a way to get rich (in fact, there is no such thing)
How to start High-Ticket Affiliate Marketing?
The best time to start your online business was five years ago, but the second-best time is NOW!
How to get into affiliate marketing? If I were to start an online business myself now, I would do this:
1. I would start with high-ticket affiliate marketing because you can start with a small initial capital and help you achieve the most passive income source possible.
2. I would choose a niche that interests me now and in the future.
3. I would listen to those who have been already successful with affiliate marketing.
You must decide the first and second points yourself, but I can help you with the third point.
What is the best high-ticket affiliate program for beginners?
In my opinion, the best way to learn high-ticket affiliate marketing step by step is to join the Legendary Marketer 15-day Online Business Builder Challenge.
That is the program that has produced more successful high-ticket affiliate marketers than any other program.
You will learn a new topic each day and take a step closer to starting your own online business. At the end of the program, you will know how to create your own online business and all the necessary information to be a successful high-ticket affiliate marketer.