I always wanted an autopilot money making system. Back in 1995 when eBay opened for business, I began to learn how to sell things from my room. eBay offered a way to sell something to anyone in the world from your old stuff in the loft or garage. After several successful sales of my odd household items, I started looking for other ways to monetise eBay and earn a living from it.
I bought an ebook which claimed to teach an eBay system. You can see the exact strategy I found in this article how to start a profitable eBay business. Even though the strategy did work to an extent, I knew there had to be a better way. With the internet you have a global reach. But you’ve also got automation. If you can successfully combine automation and selling things on the internet, I knew it would free me from the tirade of mind-numbing jobs I was having to do at the time!
Autopilot Money Making System – The eBook Business Model
Don’t panic, this isn’t about selling ebooks for chump change! This is just my story and it kinda started here. Even though I managed to sell a number of products on eBay and made some small amounts from the strategy mentioned above, I just couldn’t get the idea of the eBook I had just bought out of my head! It just seemed so simple. Some guy had written his own ebook and listed it on eBay.
Then it sold over and over again through that same listing. So, he didn’t need to keep looking for new bargains to sell (which is ironically what his system taught). No, the ebook idea was far better than this. I knew I had to get in on the ebook idea; selling a digital product over and over again without even needing to speak to a customer or post a product.
So I started writing my own ebooks.
Autopilot Money Making System – Marketing
The only problem was I didn’t know what I was doing. I wasted far too much time creating my own products and then didn’t know how to sell them. I’ll save you all that time! Don’t do it! You can use other people’s products instead! Yes – other people products. Other people will pay you 40-50% of the sale price for selling their products over the internet. So why spend time creating your own products?
Affiliate marketing is the process of selling other people’s products over the internet for a commission based on the sale. When I wanted to learn about promoting my own ebooks online I took a few marketing courses. Low and behold they led me to affiliate marketing. I soon realised that there were far better, more useful and more desirable products available than my ebooks. Products which would appeal to a much larger audience than what I was writing about. I wrote a couple of ebooks; one about becoming a stuntman and the other about how to be a TV extra. Both had a limited audience, so I abandoned them completely in favour of other, more globally appealing products which already existed in the marketplace.
Affiliate Marketing – The Key To An Automatic Business
An autopilot online business can be based around affiliate marketing, scalable advertising platforms and delivering automated products and services. Finding the right products to promote, and learning how to promote them is key to building an autopilot money making system! This isn’t an easy ‘win’ and don’t for a minute believe those online “gurus” who claim you can do this instantly with their “push button” magic bullet system. I fell prey to many of these courses over the years. It took me a long, long time to find something real which actually helped me to succeed. (Sign up to the free videos on this site for more information).
Using an existing business is key to building a self sustaining online business which requires little input and can be automated. But before you can get to this point, there’s a huge amount of work to do. Those who have put the work in previously, can claim to have a largely automated business – if they are successful.
The Right Business Model
For a long time I jumped around from affiliate course to affiliate course, looking for the “easy win” which would just allow me to sit back and make easy money. But this isn’t an easy task. We’re talking about financial freedom here. You’ve got the internet and automation so you’re half way there right? Not really! There’s so many systems and strategies online and everyone wants your money. How can you discern which one to follow and stick to? See 23 affiliate marketing mistakes newbie affiliates should avoid.
A good affiliate business model has more than a single $100 product. With a $100 product, you can make $40 on a sale. However, you’re going to need to sell a huge amount of products to make this into a viable business which can replace your existing income. This was one of the mistakes I made. I spent all my time trying to sell $100 products. Instead, use a model which offers a number of products to existing customers.
Most affiliate products only pay you once, and then they acquire a customer, potentially for life. So the affiliate loses out. Instead, choose products which offer recurring commissions to the affiliates. Recurring commission affiliate programs are those which offer ongoing value to customers. These are things like software products and memberships which offer lifetime value. Hosting providers for website owners and autoresponders are two such products. Choose these kinds of products and you’ll massively improve your bottom line.
High Ticket Affiliate Products
High ticket, or high value affiliate products can range up to the $20,000 mark and pay out 40% commission. That’s $8000 on a single sale! See high commission affiliate programs. Ideally, you should also use a program with multiple products within a range of products. This gives you multiple earning strategies from each customer, rather than just one product. With up-sells, you can continue giving more value to existing customers and with recurring income products you can quickly build a sustainable income from which to build from.
Multi-Tier Sales
Multi-tier sales offer the ability to earn commissions based on the sales made by your team. So this gives you an incentive to help other affiliates within your become successful themselves. It’s another earning strategy which is useful to have within a sales funnel. A sales funnel is basically an automated system which collects emails and markets digital products (or physical products) to subscribers. See ready made sales funnel.
Autopilot Money Making System – Marketing
So let’s say you’ve built your high ticket sales funnel, and have a range of digital products to sell from it. What next? You then need to build a driving engine to send targeted customers into your funnel to purchase your products. This is done through a marketing platform, or some kind of marketing strategy.
Depending on how you go about this, building a profitable online business can take months or years. The fastest way to do this is with paid marketing. With paid marketing strategies you can test and measure your marketing until you find a “winning” advert. Paid marketing is easier to start and scale up. Content marketing, on the other hand, is a much slower strategy which is more difficult to scale and slower to gain traction. How long does it take to make money with affiliate marketing? It can be anywhere from 6 months to several years before your affiliate marketing business takes over your current income. And that’s if you’re successful! There’s no guarantees in business. Ideally get help – you’ll struggle much less and are more likely to succeed.
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The “Key” To An Autopilot Money Making System – Summary
So in summary what’s the key to an autopilot money making system? let’s look at the major ingredients:
- An automated business system with a range of digital products to promote (access videos on this site for more info)
- A marketing engine which drives targeted customers into your sales funnel
- Multiple earning strategies from a single range of products
- Training and education to learn the right mindsets and attitudes
- The technical skills to build and scale such a business (access training through video series).