It was a long time before I found out about recurring commission affiliate programs. Before that I was promoting small valued products for a tiny commission. Little did I know that recurring commissions could have made my life so much easier.
Recurring commission affiliate programs are the best programs to use because they let you earn income from referrals, rather than a single commission. So long as your referral maintains their membership, or keeps subscribing to the software, you’ll continue to get commissions.
Recurring Commission Affiliate Programs
If you know about recurring commission affiliate programs, you should also know a few other key strategies too. Top affiliate marketers use these key concepts to increase their income potential:
- Multi-tier sales
- High Ticket Products
- Product ‘Suites’
- A Built in sales team
- And of course subscription products (recurring commission affiliate products)
Let’s take a look at why using these strategies together is one of the best ways to build a sustainable online business.
Recurring Commission Affiliate Programs – Multi-Tier Sales
If you’re going to spend your time building an online business. You may as well pick the best business model for your success. This means using the right strategies from the get go. I struggled online for years because I simply didn’t get this! Multi-tier sales allow affiliate marketers to earn another income stream from their referrals.
Each time your members make a sale, you earn a commission. Think about building an online business which has a huge team of people. If you got paid each time they make a sale, that’s another income stream which is completely automated. This program offers multi-tier commissions depending on how you position yourself in the business system.
Recurring Commission Affiliate Programs – Up-sells
Up-sells are sales made to your existing customers after your have referred them. You know McDonald’s has a saying “do you want fries with that?”. Well, that’s an up-sell. The customer is already there at the counter, they’ve already made a purchase, they are very likely to upscale their purchase to include fries or a drink etc. In fact existing customers are a great source of income for most businesses. They are already in your ‘store’ and buying from you. Up-sells make sense for any business model, so you should include up-sells in your online business too. It’s another source of income for an affiliate marketer.
Amazon, as an example doesn’t do this. After the cookie period has worn off, your customer could spend a lifetime shopping on Amazon and you’ll get nothing. That’s because they don’t acknowledge you as the referral for later sales. You don’t get rewarded again and again every time your customer returns. In this sense, Amazon wins a lifetime customer, but you only get a single commission. Using affiliate programs with up-sells makes sense, if you want to build a long term sustainable business from the internet. Check that any recurring commission affiliate programs you choose have up-sells, to get the most for your efforts.
Recurring Commission Affiliate Programs – High Ticket Products
High ticket products are another worthwhile addition to recurring commission affiliate programs. With high ticket, you can earn $1000+ per sale. That’s so much better than earning $40 for a sale. If you think about an internet business and your scope for a global audience, it makes sense to use higher valued items. Low ticket items might very well have a larger audience, but you’ll need to sell thousands of low valued items in order to make the same commissions as just one high priced item.
If you work smart online, you’ll be targeting just those people who are more likely to value what you have, regardless of its price. A small adjustment in your marketing tactics can have far bigger results with high ticket products, than with smaller priced items. High ticket products also allow you to use paid advertising more effectively because you can offset your costs more quickly. You can also scale up your business model more easily and quickly with paid advertising strategies.
Access a high ticket program here.
Recurring Commission Affiliate Programs – A Product “Suite”
A “suite” is a range of products which offer more and more value. Apple has a product range which could be called a ‘suite’. Apple’s products range from an iPhone to an iPad , an Apple Tv, a Macbook and iPod’s and so on. If Apple had an affiliate program which offered to pay you every time your referral bought another item from them, it’d be an awesome program. Unfortunately they don’t! However, here’s a program which offers a product suite.
By referring someone into a sales funnel and selling an introductory item, you can benefit from later sales to your referral. With most affiliate products, this isn’t possible. You only get paid for each individual sale. With a product suite, you benefit from low level ‘starter’ products right up to high valued seminar type products which sell for up to $30,000+. You can earn an $8000 commission on some of these type of products (depending on your positioning).
Recurring Commission Affiliate Programs – Built In Sales Team
Here’s another concept which can make a huge difference to your online business. Having a built in sales team closing sales on your behalf, can make all the difference to your bottom line. After you have referred an initial sale, and your customer books a call, a built in sales team will follow up with them and offer them other products. As they move through the business system, they will be offered several other products which may be of value to them. If they purchase a later product, you get credit for the sale, even when you only referred the initial sale.
A built in sales team is perfect for the kind of people who don’t see themselves as ‘salesy’ and/or they don’t want to personally sell.
Subscription Products – Recurring Commission Affiliate Products
Subscriptions come in the form of memberships or software. A membership website can offer ongoing value much like a piece of software. Aweber, for example offer an auto-responder service. This is a vital piece of software for any online marketer. They also offer their affiliates an ongoing subscription commission. This means one sale of their program can not only give you a commission for the sale, but an income, potentially forever!
Subscription products also include online training memberships. As long as your referral maintains their membership, you will continue to receive commissions based on your initial referral. This is really quite exciting because it means you can get paid for doing the work once. You’ll continue to get paid over and over again for a single referral. As you refer more and more customers to a subscription product, you’ll increase your monthly income each time you refer someone new.
Access A Recurring Commission Affiliate Program
Access a recurring commission affiliate program which has the benefit of all of the above commission structures and has a built in training and education platform and online community. Sign up for the 7 day video series here.