Affiliate Marketing: Why You Should Promote High Ticket Products?
By: Jussi Hyvarinen
Tags: Digital Marketing, Legendary Marketer, Entrepreneurship, Online Business, Affiliate Marketing

Photo by Austin Distel on Unsplash

What is affiliate marketing?

Affiliate marketing is when you recommend a 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 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 recommended product is essential because you only want to recommend only excellent 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.

Should I start affiliate marketing?

Yes, if

• 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

No, if

• 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 do I start affiliate marketing?

Great, if you are still reading this, then you have a good chance of becoming a successful affiliate marketer.

The key to making money online and affiliate marketing is:

GOOD PRODUCT + TARGETED TRAFFIC = MONEY

Keep this in mind, and you will have an advantage over your competitors.

Seven steps to being a successful affiliate marketer

1. Choose a niche that interests you

You must first choose your niche, which products you want to promote as an affiliate. Beauty & health, love & relationships, money, pets, and self-development are the niches where big money is.

Choosing a niche is the most important thing you should do. It would be best if you choose a niche you are passionate about. It will make everything easier for you in the future. If you try to recommend niche products that you aren’t even interested in, you might get bored and quit, and you probably won’t achieve success.

Another thing when choosing a niche is that you need to find good products to promote. There are a massive number of products in all of the above niches that you can start recommending. However, it is good to remember that not all niches are equally profitable because the products are cheaper.

You should carefully think before you start what kind of products you would like to start recommending yourself.

2. Select the product or products

Once you’ve chosen your niche, it’s time to choose what products you want to start recommending. Remember always to choose only the top quality products you are going to recommend. You would be surprised how many products have an affiliate program!

You need to believe in the products yourself and know that the products you are recommending are excellent. If you recommend inferior products, you will only get a negative reputation, and no one will buy anything from you.

Another thing to keep in mind when choosing a product is that it can make money in the first place. 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, 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.

Example:

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.

3. Choose which channel you will start using for affiliate marketing

Now that you’ve chosen niche and excellent products, it’s time to think about what channel you’re going to utilize in your affiliate marketing.

Now you have the first part of the formula ready:

GOOD PRODUCT + TARGETED TRAFFIC = MONEY

Now is the time to drive targeted traffic, that is, to make your offer available to as many interested people as possible, i.e., potential buyers.

There are two types of traffic, free and paid. A beginner affiliate marketer should start by focusing on free traffic. Sources of free traffic include Google, Youtube, Quora, Medium, and social media.

If you want to focus on Google’s traffic, you need a website where you can recommend products through a blog, for example.

If videos are your thing, you should definitely set up your own Youtube channel and start making videos there. Youtube makes it much easier to rank in search results than on Google, and you can quickly gain a lot of visibility!

It is essential, especially at the beginning, that you select only one channel, which you focus on.

4. Produce valuable content

Sharing valuable content to your followers is one of the cornerstones of affiliate marketing. You need to make content that is genuinely useful to your followers. You must first give before you can get. This is what many affiliate marketers forget, and that is why they fail.

You need to first build trust with people by offering them free content when you want them to buy from you eventually. For example, when you recommend something that has helped you move forward recently, they will surely be grateful.

You can take advantage of webpages that tell you what things people want to know about something. One great site for this is Answerthepublic.com. Around these questions, you can then start building your content.

5. Start building your email list

Photo by Solen Feyissa on Unsplash

When you start getting traffic to your content, start building your email list right away by gathering email addresses from interested people.

Your email list is the most important asset of your affiliate marketing because no one can take it away from you.

Many beginner affiliate marketers make the big mistake of not building an email list right from the get-go. Please don’t make this basic mistake that many affiliate marketers regret. Start collecting your email list as soon as possible.

The best way to get the email address is to give some valuable information for free in the same way I have provided in this guide. The thing you share doesn’t have to be an ebook. It can be a report, a checklist, a template, etc. The most important thing is that it genuinely benefits your audience and is in digital format so that it is easy to distribute.

6. Constantly learn new things and trust the process

What are the two main reasons why people fail in affiliate marketing and digital business?

1. They never start

2. They quit before they succeed

Online business is not easy. If it were, everyone would already be millionaires.

However, keep in mind that

• Success is possible

• This is not a quick trip, but a marathon

• It’s not going to be easy, but it’s worth it

Everyone makes mistakes along the way, but successful people learn from them and turn the mistakes to their advantage.

7. Take action NOW

Photo by Mason Kimbarovsky on Unsplash

Many people dream of starting their own online business but never begin themselves.

The most significant difference between successes and failures is that successful people work and do the work they need daily, while dabblers do not start, can’t afford to take the required action, procrastinate and stop.

If you have read this article to this point, congratulations! You belong to the action taker people, and you have the potential to succeed. Only 10% of people can actually reach this far.

If you want to know where to start, I can point you in the right direction, but you have to put it into work.

The best time to start your online business was five years ago, but the second-best time is NOW!

All the information on running a digital business can be found on the internet. That is not questionable. It’s about how you can trust the information because the web is full of scammers. How can you verify what is a scam, and what is a working system?

If I were to start an online business myself now, I would do this

1. I would start with 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.

In my opinion, the best way to learn how to start affiliate marketing step by step is to join the Legendary Marketer 15-day Online Business Builder Challenge.

This is the program that has produced more successful affiliate marketers than any other program.

Every day for 15 days, you learn a new topic and take a step closer to starting your own digital business. At the end of the program, you will have the knowledge to start your own online business and you know all the necessary information to be a successful affiliate marketer.