One of the best ways to make an automated passive income online is through selling affiliate products. With a business model known as affiliate marketing, anyone can learn how to make money selling other people’s products online. What’s great about affiliate marketing is that you can use systems and technology to automate the process of selling online.
The process of selling affiliate products online is largely one of marketing. Products are shipped and customers queries are dealt with in-house, by the product vendors (owners). This means the only job of an affiliate is to promote products and make the sales. This can be done in several ways but it is mostly done through websites, email marketing, advertising platforms and other online platforms such as social media sites.
Affiliates are third party referrers and make commissions by creating content, running ads, building email lists and recommending products. Since all of this can be automated, and scaled, it makes affiliate marketing a great way to build a passive income, and for very little investment.
Automated Passive Income – Products
There’s thousands of affiliate products available to sell online. Many affiliate programs even have their own marketing materials. Banners, webinars, sales pages and even marketing software can be access from various affiliate programs anyone can join.
Your choice of product will have a good deal to do with your success as an affiliate. Certain products make it much easier to succeed. For example, many affiliates join Amazon and start promoting a physical product, only to find out that their commission rates are tiny!
Amazon’s commission rates vary between 1% and 20%, with most products falling in the lower rates. So if you sell a $100 product, for example, you may only make $1 in commission! Hardly worth your effort.
But for the same effort, you can promote high ticket affiliate products which pay much more. A high ticket product typically pays upwards of $500 per sale. When it is often the same amount of work to sell either a low value physical product, and a high ticket product, it makes much more sense to go for the higher valued item.
Subscription products are products such as membership courses or software. These are some of the best products you can promote as an affiliate because they offer recurring commissions. Even just a single sale can bring in a monthly income potentially for years!
Automated Passive Income – Email List
The email list is one of the best tools an affiliate marketer can invest in. It allows you to collect email subscribers from a website and follow up with automated messages. Some affiliates build email lists into the hundreds of thousands of subscribers and promote affiliate products to their list on complete autopilot.
By building a large email list and promoting products which will be useful to your subscribers, affiliates are able to generate sales is larger numbers. When those sales are also high ticket products and subscription products, you can understand the potential of what can be earned.
You can get access to an email autoresponder to build your own list here.
The Marketing “Engine”
To make affiliate sales of any kind you need people to buy your products. While there’s many ways to attract an audience online, using a paid marketing platform is one of the fastest and most scalable methods to build an audience for your email marketing list. However, paid marketing can be expensive, particularly in a competitive topic.
So you’ll need a good business model in order for this strategy to be profitable. By using a product range, you can maximise your potential profit. A product range gives you more opportunities to profit from subscribers on your email list than a single product ever could.
It gives subscribers the opportunity to buy products which offer a range of value, at a number of price points. Here’s what such a funnel looks like:
A high ticket sales funnel has multiple products to sell including a low ticket “entry level product”, a mid ticket offer and high ticket products too. A good sales funnel will also contain subscription products too which allow you to earn recurring income from sales you generate. With a good high ticket sales funnel like this, it’s much more viable to set up and scale an advertising platform which delivers a growing number of leads into your funnel.
With the most profitable digital products in your funnel, you stand to earn considerably more per subscriber, than with only a single product to sell, or even multiple low valued products.
Summary
The initial setup and workings of an affiliate business can take some time. But ultimately everything in the system can be automated and scaled up to reach a global audience. This makes affiliate marketing one of the best ways for anyone to build an automated passive income from anywhere globally, with minimal investment.
With the right products and particularly through using high ticket affiliate products and subscription affiliate products, you can earn ongoing income from subscribers to your products. High ticket products give you a massive boost to your marketing budget and allow for faster traction. Subscription products give you a recurring income which builds up with each sale you make.
Learn more and access business tools and training here.