If you are looking for the perfect business to build and grow online, I have 4 for you. Even better, these 4 fit perfectly together to produce the perfect value ladder.
How’s this for a fact…
Of all small businesses started in 2014 in the USA, only 56% were still in business 4 years later. 44% had failed1.
I’m guessing that most people who are considering starting a business now would hope that it is still operating and growing after 4 years. I know that’s what I want. My vision is that my business will continue to grow and continue to look after me for the rest of my life! And providing I structure it correctly with automation and future content mapped out, it could continue for even longer, but who knows, when you consider that I am building an asset here, I could even sell it for a nice multiplier.
This isn’t just some pipedream – This is perfectly doable if you just select the right business in the outset. These 4 models have been selected because they have been shown to deliver on 3 critical factors. Those factors are...
The American business executive, conference speaker, author and 'Highest Paid Marketing Consultant', Jay Abraham said that there are only 3 ways to grows a business. They are:
Now it may seem at first read that I have oversimplified this… “Get more customer – Duh! Of course,” – but please, don’t stop reading just yet. You will see precisely what business models, and why.
In order to be one of the Core 4, your business should be High Leverage and High-Ticket and IT MUST…
In it's simplest form, Affiliate Marketing is when you promote someone else's product, the end user pay's the exact same price, but you earn a commission. Product vendor's like this because they don't have to worry about expensive National or Global advertising to generate traffic. They simply concentrate on delivering a first-class product and let their Affiliates drive the traffic. The vendor only pays the Affiliate when someone actual pays them.
When I mention Affiliate Marketing to some people, I often get the response, “Yeah, tried it – it didn’t work”.
Heck, that was even my first experience. Back in 2011 I setup a domain and website to sell an affiliate product. It was a low priced product and I was earning a small commission from each sale.
I couldn’t afford to advertise so I went down the SEO and content marketing route to get visitors to the site.
When I made my first sales I was totally overjoyed.
If you’ve experienced your first sale online, after struggling for so long, it’s a pretty momentous occasion – even if it was just $3.95. I thought, “This is it – Here we go!”
By the end of the first month I had generated $59.25 in affiliate commissions.
I had worked so hard writing content, forum posts, comments and more, and all of this on top of my full-time work that needed my attention – I was exhausted. I didn’t dare work out my hourly rate. It would have been way too depressing.
You see, this version of Affiliate Marketing was doomed to failure. It didn’t have any of the 3 profit activators.
i. Get more customers – I didn’t have the time to write anymore content than I was already writing and if I had used paid advertising, I would have been out of pocket – I was earning such a small amount per sale.
ii. Do repeat business with those same customers - I didn’t have any opt in forms on the site for customers to join my list (What list? LOL)
iii. Sell higher-ticket products to increase revenue – To who? Once they’d bought (or not bought, as in most cases) I had no way of contacting them, and even if I did, and I had nothing to sell.
So the type of Affiliate Marketing that I am talking about specifically is…
You can join affiliate programs that will pay you commissions of $1,000 , per sale. In my low ticket attempt back in 2011, if I had been selling such a product, instead of the $7 product I was promoting (with the $3.95 commission) I would have generated $15k.
Build a High Ticket Affiliate Business the right way and, no-longer will you be just hearing or reading about people who have made it online, you'll be standing alongside them. A Successful Digital Marketer.
Take your knowledge and wisdom and turn it into a Digital Product. It may be in the form of a book or as a video course. If you have something valuable that you can teach, there will be people willing to pay you well for that kind of information. Forbes have said that eLearning will be a $325 Billion industry by 2025. It’s time to take your slice. Create your courses once and sell them over and over again. High ticket and high leverage.
This is an exciting business because, as well as ticking the boxes for the 3 profit activators... not only can this be delivered 1-on-1, (online via Skype, Facebook or any one of the various platforms available to us today), but it can also be delivered as group coaching – 1-to-Many. It takes the exact same amount of time input from you but now you can service many more people at the same time. High ticket, high leverage.
These have a high perceived value – They are in-person events. People understand that they will experience greater growth and development and they are willing to pay for it. Once again – High ticket, high leverage.
If you would like to learn more about the Core 4 business models and how you can get started as soon as today, you should check out Legendary Marketer.
Legendary Marketer delivers an Online Business Education. You can learn all about this with their by joining their '15 Day Online Business Builder Challenge'.
This sounds like it should be expensive, but at the time of writing, you can join the challenge for just, wait for it..., drum-roll please... $7
I know that sounds like such a low cost for what I am telling you, is the finest material online, but the reason is simple. Legendary Marketer practice what they teach. You will learn the exact logic behind this kind of positioning and how this is the foundation of a successful business.
Click the button below to learn more.
DISCLOSURE: This content may contain affiliate links, which means that if you click on one of the product links, I may receive a small commission. This helps support our work and allows us to continue to make content like this. Thank you for your support!