The lifestyle business model is one which allows you to automate your income through selling products and services online; or some other such system. Any lifestyle business model will have several things in common:
- They are run and operated from anywhere globally – e.g. from a laptop
- You can automate them and they are scalable
- They use products and services to generate income, rather than trading time; as in a job.
Here’s some lifestyle business model examples:
- Network marketing – using a team of people to promote products and earn from the efforts of your team
- Advertising – using websites or advertising space to generate income remotely
- Using affiliate marketing model – selling other people’s goods and services as a third party referrer
- Drop shipping – selling other people’s goods from your own website
Lifestyle Business Model – Affiliate Marketing
One of the best and most accessible of these is the affiliate marketing business model, in which third parties refer goods and services online in exchange for a commission based on the sale price.
Not all affiliate marketing business models are alike however, and some are more capable of giving you the lifestyle they claim to than others. For example, Amazon is one of the most popular affiliate websites you can use to generate revenue. If you refer a sale on Amazon, you receive a commission based on the sale value. See Amazon affiliate marketing commission.
But Amazon’s rates are quite low, so you’ll need to sell in bulk in order to generate enough income to replace a job, for example. Once you’ve replaced your income or salary from affiliate marketing, you can work from your laptop, live anywhere and travel while you work also. Affiliate marketing is also so versatile that you can generate a passive income from it which gives you huge time and financial freedom. See also passive income and affiliate marketing.
Why A Lifestyle Business Model Is The Way To Greater Freedom
A lifestyle business model allows you to detach your time from the way you earn money. While most people trade their time for money in a job, affiliates use automated systems, technology and other people’s products to leverage their income through selling online.
Whenever you are trading your time for money, you are inevitably trapped by working continuously until you retire. As time passes your values can change and your time becomes more valuable to you. However, this can be difficult if you’re trapped by your income working in a job.
With affiliate marketing, you can build up a business which will ultimately work by itself, generating sales in your sleep. By using automated systems to do the selling, and recurring income products, you can generate an income which doesn’t stop just because you do.
The Best Lifestyle Business Model For Affiliates
Despite all its merits, it still takes some effort to build a passive income from the internet. But much of the hard work can be removed if you use a step by step selling system which is already set up and running. Access here.
One of the fastest ways to build an online income from scratch is to use the six figure (plus) sales funnel.
A sales funnel is basically an email marketing campaign which has a number of useful products attached. Through using online marketing techniques, anyone can promote such a funnel and generate revenue from sales they make. You can do this even without products and services of your own.
This is a good model to use for affiliates who want the lifestyle business and probably one of the easiest ways to earn online. Selling small valued products can be more tricky because it’s harder to profit while using paid marketing. See also high ticket affiliate marketing products. with high ticket products (and subscription affiliate products) in your funnel, you have a much better chance of profiting, especially if you want to use the faster marketing techniques (paid marketing).
Can It Work For You?
Can a lifestyle business model work for you? While affiliate marketing has a high drop out rate, many people are embracing the opportunity today to start building their own profitable businesses online. Cutting edge tools, software and resources have made this one of the best opportunities today to change the way you live and work. No longer is affiliate marketing only for the technically minded as many people are jumping on board the lifestyle business opportunity.
Access a free video series here to learn more.