7 figure affiliate marketing means you’re earnings are between 1 million and 9,999,999 . Top earning affiliates will typically spend huge amounts on their advertising budgets, so this 7 figure sum might not be all profit.
Be aware of affiliates who show you their earnings because they usually don’t show you how much they have spent in marketing costs. It can be astronomical! So a 7 figure affiliate might have spent $500,000 in their marketing budget to make 7 figures in sales.
Before an affiliate will “up” their budget though, they have done some testing of their advertising first. A marketer will test out numerous adverts and find one which is consistently profitable. Once the relationship holds between spend and sales, you know you have a winner. You can then effectively spend money to make sales. When you’re spending $100 and making $200, you can start scaling up your business. Spend $1000 and make $2000, spend $10,000 and make $20,000. Assuming the relationship holds you can keep doing this until you’re making a nice 7 figure income.
7 Figure Affiliate Marketing – Best Strategies
Not every affiliate will get to this level of earnings and it is your business model which will determine whether it’s even possible. If you’re selling low value products from a blog, you’re very dependent on your traffic source. If a sale can only bring in a tiny commission, you’re going to struggle.
But if you choose a high ticket products and use a system or strategy with multiple products within a range, including subscription products, you’ve already got a much better strategy which is more scalable. With paid marketing too, you’re in the driving seat. With organic marketing strategies you’re much more at the whim of the search engines and it’s much harder to scale up your business.
A High Ticket Business Model
With a high ticket product range, you can earn much larger commissions when you make a sale with affiliate marketing. You can also earn from the recurring commissions brought in by memberships. This system has a couple of advantages over a standard affiliate product which only pays you once, and typically a low-level commission:
- You can earn larger amounts quickly
- This means you can more easily afford paid ads, which are much more scalable
Without paid ads, you’re stuck using organic methods which are very much slower and much less scalable. You’re relying on SEO and search, building content and backlinks.
Testing And Measuring Ads
With a high ticket sales funnel, affiliates can run advertising until they find an ad which gives them a good conversion rate. By tracking all their website hits, leads and sales, they can determine whether an advertising campaign will be profitable.
With low value affiliate products this is much more difficult because you make less per sale, so it’s harder to run paid advertising can come out with a profit. Everything needs to be tracked and measured before you increase your ad budget. Otherwise you can easily “burn” through your budget and still not make any sales!
For more information and to get a high ticket sales funnel check out this video.