ISmall-Business.net

Intelligent Business Solutions

  • Home
  • Strategy
    • Small Business Strategy
      • Combining Niches to Maximize Profit Potential
      • High Ticket Versus Volume Niche Selection
      • How to Know When to Cut a Business or Niche Loose
      • Never Put All Your Eggs in One Basket
    • Sales Strategy
      • Facebook Networking Versus Paid Advertising
      • Brainstorming a Successful Sales Funnel
      • Best Practices for Profitable List Building
      • Backend Sales Strategy Tips
      • A Better Way to Use Webinars for Profits
      • Creating a Welcome Email That Makes Money
    • Production Strategy
    • Human resource strategy
  • Management
    • Business action plan
      • 7 Things to Send JVs to Get Them Onboard
      • Don’t Make JV Promises You Can’t Keep
      • How to Host a Challenge and Maximize Profits
    • Small Business Management
      • Putting Profit Tasks First During Time Management
      • How Self Doubt Sabotages Your Financial Success
      • Repurpose Your Content to Save and Make Money
    • Business Management Topics
      • Fighting the Stigma of Failure
      • Figuring Out the Perfect Launch Date and Time
      • Bonus Creation That Catapults You to Leaderboard Domination
      • Do Customers Prefer Video or Text Courses
      • Minimize Your Risk of Refunds with These 5 Tips
      • How Often Should You Email Promo Material
      • Narrow Niche Domination
      • Perfecting the Launch Process for Increased Profits
    • Business Management Blogs
      • Nobody Expects a Perfect Expert
  • Ideas
    • Find business ideas
      • 5 Lucrative Non IM Niches
      • 6 Niches That Are Hot on Social Networks
      • Are PLR Stores a Viable Way to Make Money
      • How to Know If a Membership Site Is Right for You
    • Idea feasibility
      • How to Make Money Off a $7 Product
      • Recurring Income Options
    • 10 top business ideas
      • Could Coaching Bring in More Money Than Products
      • Individual Coaching Versus Group Coaching Profits
      • Building a Reputation as a Powerful Affiliate
      • Pinterest Profit Niches
    • Low cost business ideas
      • Making Money Off eBooks and Reports
  • Valuation
    • Business Valuation
    • Increase business valuation
      • Making Wise Investments in Tools to Further Your Business
    • Business Valuation Methods
    • Understand business valuation
  • About
    • About Me
    • Blog
    • Contact Us
    • Sitemap
    • Privacy Policy
  • Strategy
  • Supply Chain
  • Customer Focus
  • Entrepreneur
  • Biz Opportunities
You are here: Home / High Ticket Versus Volume Niche Selection

High Ticket Versus Volume Niche Selection

High Ticket Versus Volume Niche Selection

As an online marketer, you have to formulate a strategy for your profits whenever you begin promoting other peopleís products ñ or even those of your own. There are two paths you can take.

One involves developing or promoting high ticket products with a big payoff. For example, you might promote or create a course that costs $1,997 and a 50% commission level.

The thinking is, youíd only have to sell one of those for a commission of almost $1,000 ñ whereas with a smaller priced product, youíd have to sell a lot more. If you promote a $7 product, at 50% commission, youíd have to convert over 285 buyers to make the same amount of money.

But donít mistake that glaring figure for proof that itís easier, because itís not. The amount of trust and value required to convert a consumer into a purchaser of a product costing almost $2,000 is much higher than it is to convince them of a no brainer $7 purchase.

As a seller, you might find it harder to get high ticket affiliates onboard, too. Their list might go for low or medium prices products, but fewer affiliates will be confident that someone on their list will buy a $2k item.

On the flip side, just about everybody would be able to find consumers on their list who could effortlessly fork over $7 without hesitation. So attracting joint venture partners is one reason to consider approving low to medium priced items.

If youíre an Amazon Associate, then youíll know that volume is a big deal when it comes to your commission rate. You start out in the 4% range, and Amazon tells you exactly how many more sales you need to reach the next level of commissions ñ up to and beyond 7%.

If you have a blog that mainly promotes big ticket items, such as treadmills, donít forget to supplement that with no brainer low cost promos, too. Those would be water bottles, treadmill track lubricant, and more.

If Amazon says you have to sell 75 more items to reach the next level of commission, you donít want to be plagued with having to convert 75 treadmill buyers at a cost of $1,500.

Itís much easier to sell 75 treadmill mats or other accessories and see your commission rise with the volume of low priced items sold. Thereís nothing wrong with mixing both high and low cost promotions, but just make sure youíre not shooting yourself in the foot by ignoring accessories and products people donít even have to think twice about buying.

Find it

Blog By

Small Business Consultant and Accountant helping grow your small business Read More…

Follow us online

  • Email
  • Google+
  • LinkedIn
  • Twitter

Recent Posts

‘If You Created it, You Should Be the Best at Everything in Your Company,’ Says the Co-Founder of Lenny & Larry’s Complete Cookies

Barry Turner, who along with his co-founder created the protein category, has … [Read More...]

  • Good Work
  • Elevate Your Digital Influence with This Upcoming Event
  • In the News: Main Street Lending Rates Tell of Unsure Economic Future

Archives

  • February 2019 (35)
  • January 2019 (62)
  • December 2018 (56)
  • November 2018 (58)
  • October 2018 (65)
  • September 2018 (58)
  • August 2018 (69)
  • July 2018 (60)
  • June 2018 (68)
  • May 2018 (67)
  • April 2018 (54)
  • March 2018 (60)
  • February 2018 (57)
  • January 2018 (53)
  • December 2017 (57)
  • November 2017 (60)
  • October 2017 (60)
  • September 2017 (57)
  • August 2017 (67)
  • July 2017 (77)
  • June 2017 (201)
  • May 2017 (226)
  • April 2017 (220)
  • March 2017 (225)
  • February 2017 (194)
  • January 2017 (340)
  • December 2016 (440)
  • November 2016 (407)
  • October 2016 (353)
  • September 2016 (100)

Topics Covered

business ideas business strategy CCC CEO Cloudtalk DFGives Dreamforce dreampitch DreamReal endAIDS endAIDShttps fashion4climate ff0000 FunFactFriday gallery GetCloser girlbosses Gmail Ham4Ham Headache IBMLearningLab IndustrialInternet main MeetAstro MeetEinstein photo Predix PurpleDreams Rich20Something RLTW Salesforce SalesforceGROW SalesforceLIVE SalesforceOhana SalesforceTour ServiceTrailblazers Slacklash Slackmash small business SmallWinsBigImpact strategy Success tncms TwitterSmarter Veteran

Biz Opps

Photo by Aditya Vyas on Unsplash Stock market … [Read More...]

The evolution of work in the digital age is making … [Read More...]

Image Source: StartupStockPhotos on PixabayBeing a … [Read More...]

Customer Focus

First published in Exchange, the magazine of the … [Read More...]

How do executives affect their respective … [Read More...]

For our second blog series of Incredible … [Read More...]

Entrepreneurs

Barry Turner, who along with his co-founder … [Read More...]

Like things neat and clean? Starting a … [Read More...]

Keith Belling's RightRice, made of lentils, … [Read More...]

Strategy

In the last few years, business leaders have … [Read More...]

Digital technology has given small businesses … [Read More...]

We saw more signs this week that the economy may … [Read More...]

Supply Chain

Although managing inbound shipping can be … [Read More...]

Whether you run a small startup or a … [Read More...]

Nuclear Submarines execute some of the most … [Read More...]

© Copyright 2015 iSmall-Business.net · All Rights Reserved · Powered by ISmall-Business.net · Admin