The best lifestyle businesses offer a means to generate income from anywhere. They also let you scale your income without having to work longer hours; using systems and automation.
With a traditional business you have a place of work, employees and a business premises. With a lifestyle business you only need your laptop. So what are lifestyle businesses and how can you get started in one?
Best Lifestyle Businesses
Two of the main lifestyle business models are affiliate marketing and drop shipping. With both models you advertise other people’s products on the internet. When you make a sale you earn a commission. There’s no need to speak to customers or deal with products so you’re effectively a marketer who gets paid by their results.
All of the “back-end” product delivery is handled by a third party -i.e. the owners of the product/s. Certain affiliate products are digital products too which means they can be automatically accessed over the internet. This means less cost in delivery, packaging and handling. Savings on postage can be passed on to the affiliate who can earn up to 50% commission on a sale.
These kind of businesses are great lifestyle businesses because they can be automated and scaled up. Plus, you can run them from anywhere in the world – all you need is a laptop and an internet connection. Providing you can make them profitable, you’re on to a winner!
Best Lifestyle Businesses – Marketing
So you can see that marketing is the basic premise of both these business models. This is the main sticking point for newbies entering a business like this. Without proper training about marketing, it’s easy to spend a lot of money and not get anywhere. Many people quit before they even get going in a lifestyle business so it’s important to come prepared!
These are genuine businesses and there’s no guarantees. For owners of products getting other people to learn (and fail) in their marketing is a huge plus. They don’t have to risk their own capital for advertising and can allow marketers to spend their own capital on marketing instead.
With large risk there is a large reward too though. Marketers who figure out how to effectively sell products online can write their own checks! Once you’ve got an automated strategy for turning $5 of marketing budget into $10 of profit, you can scale up using the systems already in place.
Figuring this out can take some time though and you can easily burn through your marketing budget without even making a sale! The best lifestyle companies offer training and support; many don’t and just let you fail on your own!
Join A Lifestyle Business Which Offers Training & Support
The SFM (Six Figure Mentors) is one of the best lifestyle companies and offers a huge amount of training, support and lifestyle business mentoring.
Microsoft Lynda (Under the Linkedin umbrella of companies) recently partnered with SFM as a way to offer their own 6,500 training courses as part of the SFM curriculum.
DigitalMarketer (The world’s longest standing and most highly respected B2B and B2C marketing training company) also partnered with SFM and now offer their own training as part of the SFM curriculum.
Access the SFM through signing up for the free video series on this website.
How Does It Work?
The SFM lifestyle business works through a unique combination of affiliate marketing and delivering training and education to help people earn from the digital economy. As an SFM member you can decide to use the education to market any kind of business. Or you can promote the SFM’s own products which offer a number of training and educational tools.
Online Business Models
The SFM offers one of the best business models available to an affiliate for a few reasons:
- You get a product range – many affiliates start out selling only one product. This is incredibly limiting because you can only make a single commission and often this doesn’t give a large enough return to use paid marketing strategies which are more scalable than organic methods.
- You can use recurring income affiliate products – most affiliate products pay you once. With recurring income affiliate programs you can get paid over and over again for selling memberships and software type products.
- High Value Digital products – With high ticket affiliate marketing you can earn a much larger than average commission on a single sale. This lets you use paid marketing more easily and off-sets costs making it easier to build and scale your online business.
- Multi-tier sales – Multi tier sales means you get paid a percentage of your teams sales. So by building a larger team and helping them succeed, you can generate recurring commissions according to how well your referrals perform.
By promoting products and services through a ready made sales funnel, you can minimise the time spent setting up your business system; so you can get going with your marketing fairly quickly. The back office modular step by step process walks you through set up in a simple and straight forward way. Then you need to focus on marketing – learning how to send people into your ready made sales funnel.
Get Started
If you’re ready to get started with The SFM you can sign up on this site or use this link. You’ll be able to access a free video series and purchase the App. This gives you access to module 1 of the back office and access to a consultant. If you decide it’s what you’re after, access the membership levels to complete all the modules and set up a sales funnel of your own.
Good luck!