The best residual income affiliate programs offer a number of earning strategies. Single point-of-sale affiliate products only pay once. But some programs offer a range of products. This is far better for an affiliate. With a product range to promote, you can benefit from later sales which are made even years after you have referred a customer. Even better still, use a company which offers huge lifetime value and a built in sales team. (More on this later.)
Best Residual Income Affiliate Programs – Recurring Commissions
Recurring commission affiliate programs are a major key to getting the most out of your efforts, as an affiliate. With a recurring program, you get paid on an ongoing basis. Refer a customer once, and get paid over and over again. Products which fall into this category are things like software packages and membership programs.
Digital Products
It’s also worth choosing digital products if you want the best income from your affiliate business. With digital products, you stand to make considerably larger commissions than with their physical counterparts. Digital products tend to pay 40-50% commission on a sale. Physical products, on the other hand, only tend to pay 3-11% commission. Below you can see Amazon’s affiliate commissions on their products.
Best Residual Income Affiliate Programs – Lifetime Value Products
What is a lifetime value product? The best products to choose to sell are those which people come to rely on, forever! These are products which can give them the most amount of value, over a lifetime. Products which help people and give them an income are therefore a good idea. Once someone starts using software which lets them build an income, then they will be a very satisfied customer.
Products like this include affiliate membership programs which offer training and software which offers affiliates the means to build their business. Typical examples are hosting providers and autoresponders (marketing software for email lists). See recurring commission affiliate programs for a list of products.
A Product Range
A product range gives you more opportunities to earn from existing customers. With most affiliate products, you sell one at a time and make a single commission on each. With a product range, you sell an ‘entry level’ product which belongs to a range of higher value items. Then, a built in sales team, or automated sales system can make further sales on your behalf. Even if a later sale comes in years later, if you referred the customer for the initial sale, you earn the commission from that sale.
A product range is another great way to ensure your efforts as an affiliate are well rewarded. Since much of the work you do as an affiliate will be the same, it makes sense to choose the right program to attach yourself to. That way, your rewards are greater for the same amount of effort. It can take the same work to make a sale of a product worth $400 as it does for $4000. So given the same commission rate, it’s far better to promote the higher valued product.
High Valued Commissions
Yes high commission affiliate programs are another key to the best residual income programs. With a high value product range, you can make up to $8000 per sale! This can make a massive difference to your bottom line. With low value products you need to deal in bulk.
This can be difficult for new affiliates when starting out because it can limit the ability to use paid marketing. With high valued items, you can use many more marketing strategies. An $8000 boost to your marketing budget can make a massive difference to your business!
You can choose the products to put in your digital “shop” according to the program you join. My recommended course is available through my free sign up video series. Sign up on the form on this site to get access.
Multi-Tier Sales – Best Residual Affiliate Programs
Yes multi-tier sales. A multi tier program gives you the ability to earn residual income from the sales made by your referrals. Using a program which offers both recurring commissions and multi-tier gives you the opportunity to massively increase your earning potential. Subscription sales made by your referrals give you recurring income. Subscription sales made by yourself give you an income. Large ticket sales made by yourself and referrals both give you commissions. So a multi-tier program gives you more opportunities to earn from using:
- High ticket products
- Subscription items
- Up-sells – a range of products
- A built in sales system/team selling your products on your behalf.
Sign up to the free video series on this site for more information. See also how to make residual income on the internet.