Looking for the easiest business to startup? One of the easiest business models you can use is an affiliate marketing business. You can start an affiliate marketing business without any products of your own and without any prior experience. Affiliate marketing is the online referral based business system where third parties are paid commissions based on selling other people’s products and services, mostly online.
To make a sale online all you need to do is join an affiliate program and get your affiliate link. Then learn how to successfully promote your affiliate link online. Most affiliates will use one or more of these tactics as their marketing strategy:
- Blogging
- Video blogging
- SEO – search engine optimisation
- Paid advertising
- Email marketing
- Social media marketing
The main thing you’ll need to learn to sell affiliate products is online marketing strategies and anyone can learn this. Affiliate marketing can also be done from anywhere at very low cost. All you need is a laptop, internet connection and a few online tools and skills which can be bought and learned. This definitely makes affiliate marketing one of, if not the easiest business to startup from anywhere!
Easiest Business To Startup – What’s The Catch?
Yes affiliate marketing is easy to do. Anyone can join an affiliate program and learn how to promote their unique affiliate link. Affiliates earn commissions for sales they generate. There’s no upper limit as to what you can earn either. Plus, you can work from anywhere and choose your own working hours! “What’s the catch?” I hear you say!
Well despite all these benefits many affiliates will drop out and quit; around 95% of affiliates in fact. The affiliate marketing success rate is therefore pretty small at 5%. But the same can be said for most businesses. The difference is, almost anyone can “have a go” at affiliate marketing, which means many people do. The barrier to entry is so low because you can join a program and promote your link absolutely for free. No other business model is so easy to access.
A traditional business has a few more limitations. Before you can even attempt to build it you need business premises, staff, equipment and perhaps a franchise “buy-in” if you go that route. All that is prohibitive to the masses and that means you can only start with large capital to invest. No so with affiliate marketing.
Easiest Business To Startup – Starting Is Easy!
So anyone can join an affiliate program and call themselves an affiliate marketer. But to achieve success is another story entirely. Many affiliates will quit before they even make a single sale online. The most difficult part of affiliate marketing is the marketing. Without marketing you only have a link, which won’t earn you anything unless you put it in front of a buying customer.
To learn the skill of online marketing takes some commitment which most new affiliates don’t want to give.
There’s all kinds of products you can promote online too. How do you choose which ones to use? Just in terms of commissions there’s a huge range in what you can earn from promoting other people’s products online. Physical products pay from 1%-10% commission on average, and digital products will pay between 30% and 40% typically. But there’s high ticket affiliate products too which pay much larger commissions than most. Subscription affiliate programs pay out recurring commissions
The 6 Figure Sales Funnel
The easiest business to startup (using the affiliate marketing model) is the high ticket sales funnel model. With a high ticket sales funnel you offer digital products (which pay the largest percentage in commissions) and high ticket products (which offer the most value and the highest cost). Combining these types of products with those which offer recurring commissions gives you the best “bang for your buck”! So for each sale you make you can earn ongoing commissions and the potential of a later sale should you customer buy another product later from the same range.
This is by far the easiest business to startup, but that doesn’t mean it’s a given you’ll succeed. Even with such a great product range you still need to learn how to market your sales funnel and this is something which takes a bit of time. But such a sales model allows anyone to learn online marketing techniques more easily, because they can recoup their marketing budget very quickly with a high ticket sale.
If you promote products from Amazon instead, for example, the commission structure only pays between 1% and 10% commission on a sale. This gives you very little breathing room for learning how to run paid advertising and come out ahead.
Learn more about this online business model here.
Summary
Affiliate marketing is definitely considered one of the easiest business models to startup. But it’s not easy, especially if you choose low value products to promote which offer tiny commissions.
But if you choose a high ticket sales funnel which has multiple items within it and which offers recurring income commissions you have a much better chance of success for a couple of main reasons. You’ll obviously be able to make larger commissions when you do make a sale and therefore more profit, but you’ll also be able to access the more expensive paid marketing platforms which charge a premium for their use.
Paid marketing is much faster and more scalable than other cheaper forms of online advertising, such as blogging, for example. So with a high ticket product range, and through using paid advertising, you can be profitable quite quickly and with the minimum hassle. Plus, you can leverage existing businesses which offer built in sales teams and use plug and play software which makes the whole process of setting up your online business fairly straight forwards.