Residual income affiliate programs keep paying you, even after your initial sale. That’s a massive plus for an affiliate and it’s well worth focusing your efforts on programs like this. If you’re going to build an affiliate business on the internet, put in the hours and learn and grow; it’s worth far more if you choose residual income affiliate programs.
Passive Income Affiliate Programs
So how does this work? Which programs offer residual income? Let’s take a look at some of the strategies involved in making residual income from affiliate marketing.
- Multi-tier sales
- Subscription products
- High Ticket
- Built In Sales Team
Multi-Tier Sales – Residual Income Affiliate Programs
Multi-tier sales are a big plus for affiliate marketers. They mean you can earn commissions long after you have sold your initial products. A multi-tier sale is a commission you make from a sale made by one of your referrals. It’s a bit like multi-level marketing. By building a strong team, and helping them to succeed online, you can benefit from the sales they personally make.
Most programs won’t offer multi-tier sales and you’ll need to position yourself at the top of a business system to take advantage of them. Access this program to learn more.
Up Sells – Passive Income Affiliate Marketing
Up-sells are another way to earn residual income from affiliate programs. An ‘up-sell’ is basically a sale made to an existing customer. After your initial referral, if your customer buys another product from a range, you can earn commissions on the later products bought – even if you don’t close the sale personally.
Up-sells are a great strategy to use for affiliates. Most businesses have a range of products to offer existing customers. That’s how they get repeat customers and customer loyalty. An internet based business should offer these too.
Many affiliate marketing programs only pay their affiliates once. The company earns a potentially loyal lifetime customer, but the affiliate does all the work and only gets paid once. Up-sells are better for the affiliate marketer because they continue to earn from their referral. If they refer a customer who goes on to be a loyal, lifetime customer, they continue to earn from this referral.
Up-sells are a great addition to any affiliate business model. That’s why you see them everywhere in most businesses. Ever been asked “Do you want fries with that?” or “Do you want to supersize?”. McDonald’s and BurgerKing are well aware of the power of an up-sell. Access an affiliate program with a range of up-sells here.
Subscription Products – Residual Income Affiliate Marketing
The best residual income affiliate programs also offer subscription products. Subscription products are a complete game changer for affiliates. That’s because they offer ongoing income from each individual sale. If you’re going to learn affiliate marketing and put in all that effort, it’s far better to apply your assets to a program which pays out continually. Subscription products do this.
Let’s look at a quick example. A standard product pays out $40 for a sale, let’s say. A subscription product pays out half of that ($20) per sale in the first instance. However, you also earn $20 per month with your subscription product, every month thereafter.
Which product is better to promote? Of course it does depend on whether your product is good and that people will continue using it. But let’s assume you have a fantastic product. If you sold 10 of each products, with the standard product you’ll have earned $400. With the subscription product you’ll have earned $200. However, the subscription product will now also pay out $20 a month for each of your members. In the second month that’s $200.
So by month 2, you’ll have caught up with the standard product. Over the next 10 months you’ll receive $200 per month every month. That’s an income of $2000, just for your 10 members. You’ll need to keep selling your standard product, in order to keep earning from it. As you sell your subscription product, you’ll keep building on this regular income. Over time your income will far outweigh that of the standard sale, by choosing to sell the subscription product.
High Ticket Products – Residual Income Business Opportunity
High ticket items are items worth more than your standard affiliate products. Items worth more than $500 can be considered high ticket. Although a high ticket sale isn’t in itself a residual income, if you combine high ticket products with subscriptions and up-sells, you can earn later from high ticket sales which are part of your sales structure.
High ticket sales have a couple of benefits apart from the obvious. You’ll earn $500+ per sale instead of the standard $50 per sale. High ticket products can reach into the tens of thousands too, meaning you can earn $8000+ from a single sale.
So you only need to make a few sales like this to make a good profit. In comparison, smaller value items need to be sold in bulk in order to make the same mark up. If you focus on the right strategies and target the right audience, it doesn’t take much more work to achieve this. As an affiliate marketer you have a global audience to reach with your advertising. High ticket products open up a bigger range of advertising methods too, because you can more easily recoup advertising costs with paid strategies.
With lower valued items, you’re stuck trying to use only free advertising methods online. This is much slower, more time consuming and much more difficult.
Residual Income Opportunities – A Built In Sales Team
Residual income affiliate programs also close sales on your behalf with built in sales teams. With affiliate marketing your job as an affiliate is to send targeted website traffic down a sales funnel, or to other people’s products. You’re the ‘front end’ marketing side of the business. The ‘back end’ is dealt with by the company. They fulfil sales, delivery, customer service and any refunds etc.
This is a massive bonus because it ultimately means you can automate much of your business systems. With a built in sales team, you can also benefit from up-sells, including high ticket products, which are later sold to your referrals. This is another important element of residual income affiliate programs. It means you’re more likely to receive commissions on sales, than if a sales team didn’t exist. For anyone who wants to start an online business, but doesn’t feel comfortable selling personally, it’s a great addition.
Access A Digital Business System And Training Program
Access a digital business system and training program which has:
- A built in sales team
- Subscription products you can earn regular commissions from
- High ticket products
- Multi-tier sales (according to your business positioning)