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The 3 Most Effective Types Of Affiliate Offers
Choosing an affiliate offer for your Best Business Ideas isn't just a matter of finding something that's related to your market, signing up for the program and grabbing your affiliate link. While it might work to some degree, you'll have a lot more success if you look for 3 specific things.
High Ticket Offers
It's logical that earning a 50% commission on a higher priced item is going to be more profitable than the same percentage of something that sells for less. When you could be making more on every referred sale, why would you want to settle for less?
Sure, it might be easier to get someone to part with $50 than with $500 but in many ways it just comes down to choosing the right market, and the right type of buyers to target.
If you set out to target people who are more likely to buy those high ticket products, there really isn't that much more work involved.
Either way, you still have to do all the same stuff - keyword research, building your site, writing the content for it, etc. Why would you settle for less money?
You can make a lot more money from an affiliate program with various backend offers that your referred customers can buy. This is particularly valid if they offer lifetime commissions on all the buyers that you refer.
This can be pretty profitable in the long run if you're working with a vendor that sells lots of related offers. Anyone who buys after you refer them gets tagged as being "your" customer from that point forward. You'll get paid a commission on future purchases even if you have nothing to do with their buying them.
Recurring commissions are one of the most profitable types of offers, because you continue to earn a commission month after month, but you don't have to do any more work after the initial referral.
Membership sites, web hosting and automatic shipping for consumable products are all examples of these types of offers.
The two things you want to keep an eye on are the average length of time a customer keeps paying and how much the average sale is worth. This way you can have a pretty good idea of how much you'll make from each successful referral.
Of course the absolute best offers for your Top Business Ideas will nail two or even all of these. If you can find a recurring high-ticket item in a program that has multiple offers with lifetime commissions, that's something worth putting some time and effort into promoting!
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