What’s the best way to escape the 9-5 rat race? I’ve personally tried a few ways to escape the 9-5 rat race. I’ve realised my dream job, as a stuntman. (See my post escape the 9 to 5 with a dream job). I’ve also tried a variety of online money making schemes! The strategies I’ve tried are Forex marketing, buying and selling (eBay), blogging and v’logging strategies using Google Adsense and affiliate marketing. But the one method which shines out is through promoting a subscription product online.
Memberships are a great way to earn online because they give you a recurring income. You don’t need your own membership program because you can use existing products. However you do need to find a program of high value which has longevity and will stand the test of time.
Escape The 9 5 Rat Race – Affiliate Marketing
So before we delve into how to sell subscription products online, let’s take a look at affiliate marketing. I tried all kinds of online earning methods before finding affiliate marketing. Affiliate marketing is one of the simplest methods of earning an income online. You don’t need your own products or services and you simply refer online sales of existing products.
To promote subscription products you simply need to find a product which carries a subscription fee. With a good affiliate program (learn more here with the free video series), subscription products are built in to the sales “machine”. So you simply need to promote your affiliate link through a sales system.
There’s various ways to promote your affiliate link once you have it: you can use organic marketing, paid marketing, landing pages, blogs, YouTube channels, social media channels and so on.
Escape The 9-5 Rat Race – Why Memberships Are The Answer
Most affiliate products pay you only once. This means you need to keep selling items again and again to keep making money. But subscription products are much better because they allow you to make recurring commissions from each sale. So even fewer sales means more money and regular income. To escape the 9-5 rat race, you need to make the same money you currently make in your job but without trading all your time for it. Selling online memberships gives you the ability to build a larger income incrementally over time using digital leverage.
The systems and tools used to build a consistent and reliable income online are websites, email autoresponders, landing pages and advertising platforms. When used correctly, these systems can help you sell affiliate products on complete autopilot. You can even build an income up around existing employment, using a small advertising budget.
Escape The 9 – 5 Rat Race – High Ticket
Another “secret” of successful online businesses is to use the right business model which includes multiple income streams in the form of a product range. With most affiliate products you only get paid once for their sale. But with a product range, you get paid multiple times from the initial sale, subscriptions, and later purchases in the form of further training and support.
With such a business system, and a built in sales “machine”, you simply refer the first product in the range and get paid for subsequent up-sells made automatically. This is a far more efficient way to earn an income with affiliate marketing than your standard “one-time” sale products.
High ticket products pay out much higher levels of commission than standard affiliate products too. This gives you more leverage to increase your marketing budget and reach a larger global audience.
Start Small, Grow Slowly
The main problem people face when building an online business is their lack of knowledge. Most people have never built a business from the ground up. Most people are employees, not entrepreneurs. Modern technology has taken much of the technical difficulty out of building an online business, so it’s much easier than you might think. But still this leaves an aspect which is often overlooked – the mindset of the entrepreneur.
So getting the best help and support both with the business setup and the mindset part of building your business is paramount. You can find a step by step platform which leads you through the process through these free videos. You’ll learn how to set up your website, marketing funnel and populate your platform with products to sell. See also our escape 9 to 5 guide.
Expectations
The initial setup of a digital business takes only a few days. Once set up, you effectively have a globally scalable digital business. The next thing you need is the education required to make it work! You’ll send traffic into your sales funnel in order to make sales. While this sounds relatively straight forward, there’s a lot to learn about attracting the right audience, building your email list and focusing on the right actions. Once you understand how to operate your business, you can use automation to run it and it can run in the background.
It can take between 6 months and a year to get your business running on all cylinders with everything in place. But ultimately, as you make sales, your business revenue should start growing. Most online businesses will take a few years to come to fruition and start generating profit.
If you’re ready to take the first step, you can get started with the free video series.
