It’s totally possible to build an automated business system which sells products on total autopilot. Building such a business can give you both financial and geographical freedom. So why aren’t more people doing it when building a business like this is easier than ever?
An automated business system can be built with a business model known as affiliate marketing. With affiliate marketing, you can promote almost any product/service online, so long as it has an affiliate program. Amazon, for example is one of the most popular affiliate programs and thousands of people earn from Amazon’s affiliate program by promoting their products.
They don’t have to personally own those product, deal with any customers or even handle the products themselves. Affiliates earn money by selling other people’s products and services online. Here’s a little bit more about how this business works and how you can build an automated business system of your own.
Automated Business System – Affiliate Marketing
Affiliate marketing is one of the most popular business systems online today. Other online business models can be automated too, but it is affiliate marketing which is one of the best for being able to create a totally “hands free” empire! Other models include drop shipping, print on demand, eCommerce websites, content creation and so on. But affiliate marketing is definitely one of the simplest to automate completely.
Affiliates join an affiliate program and get a unique identifying link – this is their affiliate link. They then promote their affiliate link online. If someone makes a purchase through an affiliate link, the affiliate earns a commission based on the sale.
Some affiliate products pay more than others too. Although Amazon is one of the most popular affiliate programs, it doesn’t pay that well. Amazon pays affiliates from 1% to 20% commission on its products. But most of the products you’ll find are between the 1-10% region. Amazon Games offers 20% commission but all other categories are below this amount.
Digital products are good for affiliates because they pay much more. Typically a digital product will pay 30-40% commission. The most profitable digital products to sell online pay high ticket commissions and recurring commissions. These kinds of products can pay much larger amounts than standard affiliate products and also ongoing commissions. With a membership or software product, you can earn ongoing commissions for the life of the customer.
Automated Business System: Selling Products Automatically
You can sell affiliate products in lots of different ways but most top affiliates will use an email marketing list. An email list allows marketers to collect the emails of subscribers and send automated messages, with their affiliate links in them. When a subscriber makes a purchase through your affiliate link, you earn a commission.
When emails list can grow into the hundreds of thousands of subscribers, meaning multiple sales can be made with these automated messages. Online marketers can get paid for sending emails on complete autopilot! A good product range contains high ticket and subscription products, which allows you to more (than a low value single product), per subscriber.
Anyone can get an email autoresponder service for very little investment and start collecting emails from a website. In order to drive targeted traffic into your “sales funnel” (the email marketing funnel), you need to learn how to run paid ad campaigns, or build content and drive traffic organically.
Driving Traffic
Most online business owners and marketers will use paid traffic to drive a growing number of subscribers into the sales funnel. From there, they automate the delivery of email marketing messages which are sent out regularly to subscribers on a continual basis.
To drive traffic, you can use a number of different marketing strategies:
- Blogging & content creation
- PPC – Pay Per Click (Platforms such as Facebook, YouTube, Google Adwords, Bing etc.)
- SEO – search engine optimisation
- Social media – both paid and unpaid marketing methods
The fastest and most reliable way to get traffic to your website/landing page is with some form of paid marketing. With paid marketing, you can easily identify your audience and target them specifically with an advert. Targeting options on many platforms allow you to identify particular target audience who are likely to be interested in your products/services. By identifying your “customer avatar” you can specific who to show your adverts to.
Summary
By selling high valued digital products through an automated email marketing service, or autoresponder, affiliates can build huge businesses without ever dealing with a customer or handling a product.
Although the set up of such a system can take some time, depending on how you build it and your marketing method, all of its workings are completely automated. This makes an online business perfect to scale up to a global audience meaning many such businesses can grow to be six, seven and even eight figure businesses.
To learn more about this kind of business system, access a free video training series and meet one of my personal mentors, Stuart. Click on the image below for access.
