What Is High Ticket Income?
It’s a great question and one that despite searching on Google we were unable to come up with a definitive answer to “what is high ticket income” other than in relation to offline business consultancy for example. We were searching in relation to an online or internet business.
High ticket income is the money that you receive for selling products or services that pay in excess of US $1,000 per sale. We will use US Dollars as this is generally accepted as the currency of the internet. The best thing is that it doesn’t have to be your own product or service.
What Are The Advantages Of High Ticket Income?
There are many advantages of promoting someone else’s products or services:-
· You don’t have to invest a lot of money in creating and producing a product
· You don’t have to worry about fulfilment
· You don’t have to worry about providing support
· You don’t have to worry about taking payment
· You earn your commission each time your refer a sale
Just by making one sale a month, you would be earning $1,000 in commission or more depending on the high ticket business of your choice. However there will be months when you may sell two or maybe three. Of course you may not sell any.
Are there products and services which pay you a commission of $1,000 or more?
Yes there are and they are in many niches from personal development, internet marketing coaching and training and luxury vacation clubs to name but a few.
Do people spend thousands of dollars buying these products and services?
Yes, absolutely they do. There are hundreds and thousands of people searching for these products and services (and the business opportunities behind them) every single day.
How does it work?
In a nutshell, and in simple terms, you will need to have a business that makes available for sale one or several high ticket products. Using the example of just one, you would need to buy an appropriate domain to either forward to the replicated marketing site of the product or you might instead set up a website of your own promoting and showcasing the product itself.
If you are incorporating a high ticket product into your existing business model then you would need to make sure that you promote this on your own branded website with appropriate links to either the company replicated site or another blog or website that you have set up for the purpose.
Marketing & Generating Leads
Next you need to generate leads and drive traffic to that website.
You can have the best website in the world but if no one knows it is there then you are not going to make any sales.
Many high ticket business opportunities still advocate the old fashioned way of generating income by contacting friends and family and buying leads. Yes, this may work to a degree but to earn a substantial replacement income then you need to learn about internet marketing and how to generate leads and drive traffic to your website and turn those visitors into buyers.
Promote a Product in a Big Niche
This is really important to understand. You might find the best product in the world but if there are only a very small number of people who want to buy it you are not going to make an income from promoting it. Make sure you do your homework and spend time researching. Some examples of big niches are personal development, luxury vaction clubs, internet marketing coaching and training, health and wellness etc.
Find a Product you believe in
This is paramount because it is almost impossible to successfully market a product or service you do not believe in. You will need to be enthusiastic and able to endorse the product when prospective buyers contact you for more information.
Whether you want to incorporate a high ticket product into your business model or operate a high ticket business on a “stand alone” basis it has potential to earn you a good income provided you learn how to generate leads and convert traffic into buyers.