The idea of a fully automated online business is far from a pipe dream. But what exactly does it take to build such as business? Can anyone build a fully automated online business and what do they need to do it? A business model which supports automation is a good place to start and affiliate marketing is such a business. See affiliate marketing business models.
With affiliate marketing you get paid for referrals. So when you refer a sale online, you earn a commission. This process can be automated in several ways:
- Through email marketing – email marketing lets you communicate with potential customers and build relationships. You can also sell affiliate products directly through emails. See the power of email marketing.
- Through content marketing – blogs and videos online can lead customers to products through affiliate links directly. When someone makes a purchase through your link, you earn a commission.
- Using Paid marketing – is generally used to collect subscribers information and in conjunction with email marketing. But it can lead customers directly to affiliate products.
Payments too can be automated and affiliates earn through referrals; meaning you can earn without owning products or services yourself. Instead just point customers directly to existing businesses online. Earn for each paying customer you have referred.
Fully Automated Online Business – The “Why” vs. The “How?”
It’s pretty obvious why you would want such a business. A fully automated online business is basically a cash machine which prints money for you! You can work from anywhere and live anywhere. Without a physical location, like with a bricks and mortar business, you are completely flexible.
If your business is profitable it means you no longer need a job, a boss or a commute. Sounds pretty incredible really, especially if you’re used to trading time for money in a job.
But what is the reality of creating such a business? What is the “how”?
The “how?” is through using an existing business model. Drop shipping or the affiliate marketing models let you refer customers to existing businesses. The main problem with this kind of business model is that it is a performance based earnings model; don’t make sales and you don’t earn anything. However, the flip side of this coin is that the earning potential is unlimited.
Although many affiliates struggle to make sales, a few of them excel and generate an automated business which is globally scaleable. See “how much does the average affiliate marketer make?“
Using The High Ticket Business Model
There’s various business models within affiliate marketing. Amazon is a commonly used website for affiliates because there’s so much choice in products they can promote. However, Amazon pays pretty poorly (1-11% commissions on sales). Compared this to digital products which pay 40% and upwards in some cases.
Then there’s subscription products to consider. Subscription affiliate products are products which offer memberships and software for example. They pay a recurring income to affiliates who make the sales.
High ticket products pay much more too. With a high ticket digital product you can earn up to $8000 on a single sale. This gives you much more potential for using paid marketing as well as the obvious profit potential you can make.
With the SFM digital business model, you can benefit from multiple income sources including subscription commissions, high ticket products, multi-tier and a built in sales team.
This means you can build a fully automated online business much more quickly than by using lower value physical products which pay small commissions. With low value items, you simply can’t use paid marketing and still profit, in many cases.
This leaves only free marketing strategies available to you which it can take years to generate traction with.
Is It Really Fully Automated?
Is an online business really fully automated? Well it can be, but there’s a set up process you’ll need to follow initially. But most of the software you use can be fully automated and scaled up to a global audience. Depending on how you market your business this can take several months or even years. With organic traffic generation, it will take considerably longer to generate traction than if you use paid marketing.
Organic traffic is hard won traffic too and not everyone can have a top placing in the Google rankings. So expect your business to take longer if you go the organic traffic route. With paid traffic you can set up an advert and have it running the same day. It can be scaled up too, which is more difficult with organic content.
This is why paid marketing is the best way to market your online business. But of course paid marketing is more expensive so you’ll need a good business model to make it profitable. See fastest legit way to make money online.
Fully Automated Online Business – Subscriptions & Up-Sells
With subscriptions, a built in sales team and a range of “up-sells” in your sales funnel, you can simply automate the referrals and let the system do the selling. With the right products, services and selling system, your marketing “engine” simply drives targeted traffic into your sales funnel which does the selling for you.
Your “front end” marketing “engine” is the most important part of your job, as an online business owner. Once you have done this, and it’s working properly, you can simply show your message to more people through using automation.
Your advert then drives people into your sales funnel and an automated email marketing system does the selling.
Access an online business system and training platform through this link. You’ll be able to build up your sales funnel and learn the marketing strategies to drive traffic to your affiliate products.
