Reasons Why Online Business Opportunities From Home are becoming more Common
Online Business Opportunities From Home
Online home businesses are real businesses and therefore should be treated as such. The good thing is that they are not very intensive on capital to begin. All you need is a laptop and a wifi signal and you’re away. This is why more and more people are realizing they can drop their unfulfilling careers and set up online businesses, become their own boss and live life on their terms. Living a ‘laptop lifestyle’ gives people financial and time freedom and boasts some of the happiest people I have ever seen.
I hear you asking though “What are real online business opportunities from home, why are they becoming more common, and how do I start one”?
What Are Real Online Business Opportunities From Home
There are several different types of online businesses:
Network marketing: A type of business opportunity that is very popular with people looking for part-time, flexible businesses. Some of the best-known companies in America, including Avon and Tupperware, fall under the network marketing umbrella. Most network marketing programs also ask participants to recruit other sales representatives. The recruits constitute a rep’s “downline,” and their sales generate income for those above them in the program. The distributor within Network Marketing earns a reward for every sale of product that they personally generate. That’s not all – when they promote the business and help others to join, they also earn a reward for the sales those new distributors make. In other words, you need to grow your business and support your team to grow theirs, because you earn commissions and bonuses on the amount of product that moves through your whole business. A problem with this kind of business is that due to higher commissions, some people become fixated on just recruiting more people rather than actually getting sales of product, this is then just really an illegal pyramid scheme.
Physical Product: If you have an invention, handmade, or sourced product then you can create a website and drive traffic to that website to make a profitable online business from home. The only downside to this would be how do you store and set up the shipping and take payment? This can be a daunting prospect for someone with little or no experience of setting up their own business.
Amazon FBA: Many people don’t know that amazon is really just set up to fulfill for 3rd parties. Amazon don’t have warehouses full of their own products. FBA stands for ‘fulfillment by amazon’. You can actually arrange to ship a product directly from a manufacturer to amazon and they will warehouse and deliver your products for you. Amazon is a market place that has millions of customers so you don’t even need the infrastructure. You just need to drive traffic to your products through your marketing. Online buying is going up due to efficiency. Amazon is well trusted. So this is a very powerful and lucrative online business model.
Affiliate Marketing: This is one of the easiest online business opportunities from home to set up. Affiliate marketing is driving online traffic for another companies product. Many companies have affiliate programs to do this. You have special affiliate URLs which mean if a sale online is directed from your pages then you earn a commission on that sale that can be up to 80% depending on the company and product. The trick here is to understand the companies product offerings. If they only have low value products (say $200) then your commission (say $40) may not make you much money as you may have paid that in advertising to make the sale. Many affiliate marketers fail because they don’t partner with companies who offer multiple, high quality, high value products. The trick to making money as an affiliate marketer is to promote a business model that offers low end value products but then offers increasing value products to the same customer. So one customer could start of at say a $20 sale, and then go on to purchase $200, $1000, $5000, $10,000, and $20,000 valued products. That could make you around $12,000-$13,000 from one customer if they purchased all the products over time. Do people spend this kind of money online? Absolutely. I have spent $40,000 already this year on some educational products and mentoring, and I am looking at some coaching skills courses next month at $5000. Moreover, if these are self development, coaching, or educational products such as I have invested in, then the lower end products are usually monthly subscriptions so you get residual monthly income which can be huge as your subscribers rise into their thousands. This is all by just driving online traffic to another companies sales pages and this is why online business opportunities from home are becoming more common.
Did you notice for all of the business types above their is one similarity? The ability to drive online traffic to a desired location. If you could master that, then that would be the key to making a successful business on line. Park that thought for a minute and we’ll come back to that at the end of this post. First let’s look at the benefits of having an online business and why they are becoming more common.
Why Online Business Opportunities From Home Are Becoming More Common
The 9-5 is a relic of the industrial revolution, and let’s face it the 9-5 is just a dream to most people with professional careers who are really working more like 12 hours a day. More and more people are suffering from not spending time with their families, working just to pay their bills, and looking to be working into their 70s to get a decent pension. This is no life, but for the masses it is the only life they see possible. That’s because it is ingrained in our culture. However, more and more people are beginning to wake up to the thought of living a digital lifestyle and once they get there they realize it is not a dream, but a reality. They then tell their friends and family, and blog about it, and shout from the roof tops. Why online business opportunities from home are becoming more common, is that they offer people a completely different way of life. Imagine you can start and finish work when you want. You can take time off when you want. You can work from anywhere in the world with a wifi signal. You have time for your family. You are making money in a global market where you are earning money 24 hours a day, even while you are sleeping! However, the most important thing about running your online business is that you are working on a business that is your passion in life. For example let’s say you love travelling. You could travel the world with your laptop. You could blog about your travels, have people following you on facebook and instagram, and Youtube and then in all of your messaging you can promote products say in the holiday industry, and / or in digital marketing tools and education that you have used to get to where you are, and then receive commission on those products you refer. Your job is simply your lifestyle. I know people who do this. This could work for all sorts of passions. Examples could be: Gardening, computing, cars, coaching, sports, spirituality. The list is endless. Find your passion, find your audience and give them value and you have a business.
That is why online business opportunities from home are becoming more common, because you have complete financial and time freedom. Why would you not want that for you and your family?
How Do I Start An Online Business Opportunity From Home?
As stated above the ability to drive online traffic to a desired location is the key to making a successful business on line. How is that done? Let me say, It’s not something you can just start doing successfully after watching a few Youtube videos. First you need a complete re-think on how life really operates to shed your perception of the normal working life you have been living. You need to do some self development. Read books and videos and have an open mind. Then you need a solid education in digital skills, marketing strategies, and access to people who know these things inside out. You need to invest your time in education and self development, that’s where you start. You also need all the marketing tools to perform all your activities. Web design and hosting, email responders, landing pages, link generators etc.
I came to the conclusion that I couldn’t do this on my own and I sought help. I came across the Six Figure Mentors (SFM). They are a company who educate in the digital marketing skills that are required to generate a 6, 7, even 8 figure online business. They have the digital tools required to set up and the education to use them, they offer personal mentoring, workshops the whole 9 yards. They cater for business owners looking to take things to the next level and to the novice, as I once was. They also offer the opportunity to be an affiliate for them which actually means as you are learning your skills, you can earn commission on sales from their portfolio. It’s a win win. I have had an invaluable education from the SFM and access to their community of like minded individuals and am building affiliate businesses and Amazon FBA with the help of SFM. As an affiliate of SFM I cannot praise them enough. If you would like help to set up an online business and get things up and running then I have a free video series which you can get today. My passions are in being able to help people start a new life online and in life coaching and personal development.
One last thing. Online businesses from home are becoming more common but still most people don’t really know what they are or how you go about it. The internet is really in it’s infancy there is never a better time to get started with a business online.
Have a great day.