In this video, I will walk you through three business models online that I personally use so you can have an overview which model works best for you.
The first and most common model is affiliate marketing. In this model, you will promote other people’s product. All the marketing material, follow-up are done for you. Your only role is to simply drive traffic.
The benefit of this model is you can literally get started making money quickly because you only focus on driving traffic. This is a model most people use and unfortunately failing badly because of one main problem. The backend commissions always go to the product owner. So the affiliates will take the risk generating customers for the product owner, while the product owner will get to keep all the backend profits for himself.
The backend commissions always go to the product owner, so the affiliates will take the risk generating customers for the product owner, while the product owner will get to keep all the backend profits for himself, so without spending a single cent.
I’ve started with this model for a few months and I find it really difficult to break even, my advertising cost and to scale up in my traffic.
So I’ve decided to try the second model – creating my own products. In this model, you can keep 100 percent of all the money you make. There are a few problems with this business model though. You need to learn 1000 different things at the same time. Your products need to have actual value that you can help other people solve a problem and you need to be able to give your own perspective rather than recycling information that everyone is saying out there.
So if you don’t have value that people are willing to pay you a few thousand for, then chances are you don’t have a business. Moreover, you need to be an experienced marketer to create a sales process that actually converts traffic to sales.
I’ve tried this model for over a year, working really, really hard and getting nowhere. That got me frustrated and I decided to try the third model – licensing other people’s products.
This model is like buying a franchise license from proven systems like McDonald’s and Starbucks. It combines some benefits to affiliate marketing and product creation, while effectively eliminating the problem that comes with it. So you can appoint your business owner to license a proven sales funnel.
That will generally cost you $5000 or above for a few good products. But if you’re going to make a six-figure income getting high-ticket commissions, then the return on your investment will still be really good.
After leveraging on this model, I had a huge breakthrough. In my business, because I can finally focus on just generating traffic and let the proven sales process convert all those traffic into sales, now I work far lesser than I used to, making more than I did in the past.
This is a model I recommend to get started, if you want results fast. I hope this gives you an idea how I get results fast and this video will enable you, to help you avoid some of the huge mistakes I’ve made in the past.