What is the best hands off business you can start? Drop shipping, print on demand, information publishing and various other businesses are far more accessible today because of the internet. Many business models even allow you to sell products you don’t even own!
While there’s many business options today which anyone can use, my personal favourite is affiliate marketing. With affiliate marketing you don’t need your own products and you can “piggy back” the sales of other people’s products. You only need to learn how to put yourself between the product and the customer to benefit from the huge rise in online e-commerce sales.
Best Hands Off Business – My Story
Back in the early 2000’s I bought an ebook from eBay and it struck me as the simplest business model. Anyone can purchase an ebook and the seller doesn’t have to lift a finger.
An automated downloadable product would be sent once they completed an online checkout – which is also automated. The whole process is hands off! I knew that with a global audience (with the internet), and digital downloadable products as your inventory, you have the model for the best hands off business available!
But after building my automated online “shop” I struggled getting people to it! So I put myself on a marketing course to learn how to sell my own ebook. This led me to a business model known as affiliate marketing. With affiliate marketing you sell other people’s products for a share of the profits. I was trying to sell my ebook for around $10 and the course I bought was around $100. By selling the course I could earn 40% commission ($40) for each sale. This was four times as much as I would earn if I sold my own product!
So I went to work promoting the course I bought and started making sales.
Best Hands Off Business – Affiliate Marketing
But that’s the beginning of the story not the end. I struggled after getting my Adwords account shut down and went on a long journey of learning affiliate marketing the hard way – using only free traffic!
My struggles eventually led me to join an affiliate marketing mentorship group who helped me with more personal training and tuition.
But it was the business model which was the biggest factor. Before, I was promoting low value affiliate products from eBay and Amazon, since I was most familiar with using these platforms. But they only paid tiny commissions. With my free marketing strategy of niche website building and blogging, I only made the odd sale (in the beginning).
With my tiny commissions from eBay and Amazon, this didn’t amount to much – certainly not a living. But I learned to use subscription affiliate products and high ticket affiliate products instead. Each sale was worth either a much larger amount or a recurring income.
Best Hands Off Business – The 6 Figure Sales Funnel
It was ultimately the six figure sales funnel which I found to be the best hands off business! The principle is the same as the sale of an ebook. Since digital products pay more than physical ones, 30%-40% compared to 1%-10%, it made sense to focus on these. But with also using high ticket recurring income products within a sales funnel, it was much more lucrative.
High value sales means you have more revenue coming in (more quickly) which also means you can access the more expensive (and better) marketing platforms.
While blogging is free it’s also very slow. You can’t control the traffic with blogging. PPC – Pay Per Click (paid marketing) is much faster and much more scalable. Having a sales funnel which includes a product range gives you much greater earning potential as an affiliate.
With a single product to sell, which only pays once, you need to sell a lot of products to keep the money coming in. But with high ticket items and recurring income products you can continue to earn from long term customers and you can earn more from each customer.
Summary
The best hands off business I’ve found is the affiliate marketing business model which includes a high ticket and recurring income product range. Your only job as an affiliate is to figure out your marketing strategy and send qualified, highly relevant subscribers into your sales funnel, which you can learn.
While this takes some time an commitment, it’s a skill you won’t regret learning! Ultimately you can automate an affiliate business and potential earnings are unlimited. You can work from anywhere and all you need is a laptop and internet connection to start!
Access a high ticket sales funnel system, full training and resources through this link.
