Did you know there are 2 types of Affiliate Marketing products?
Tired of consuming false information or the get-rich-quick schemes promised to you, when it comes to affiliate marketing? I was in the same boat but I'm going to explain to you the 2 different types of Affiliate Marketing. You are given 2 choices, action or nothing. But wouldn't you want to understand the 2 types of affiliate programs? And take action by signing up??
So what is affiliate marketing? This is a business model which you can automate, but first, you need to learn the skills required. You promote other business products and get a commission per sale made. This is a great way for new online marketers to learn.
Single product affiliate program
This is when you are given one product to sell and can only earn a set commission off every sale. You typically only get 2 - 5% conversion, and using paid marketing is difficult. This is because you will have to make a lot of sales just to get a return on your marketing spend. A way in which you can promote for free is by using social media and networking with individuals who might be interested in what you selling.
An example of a single-product affiliate program would be where you get ￡30 per sale or 25% on all sign-ups to a course.
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2. High Ticket Product
A high-ticket product affiliate program is one where you are able to upsell and earn more commissions. The more upsells more profit. This is where you have multiple products to sell which are at different prices and each has different commissions.?
You are able to use paid marketing when using a high-ticket affiliate program. Reaching the right audience is less challenging using paid marketing. However, you need to understand how to market and set it all up correctly. An example would be a program? Six Figure Mentors or Siteground.
You earn a commission when people sign up for Modern Wealthy and then there are upsells to other courses and if they invest, you get another commission.?
As you can see, both have their positives and the decision comes down to what your goals are.?