A lifestyle business has the primary aim of sustaining a particular level of income to provide a foundation from which to enjoy a particular lifestyle. A lifestyle business typically will enable you to earn from anywhere in the world.
In today’s video I share the top 5 ways to make money online with a lifestyle business!
Find out where I learned to start my online network marketing business here
The top 5 ways to make money online with a lifestyle business which offer the opportunity to start an online business and earn from anywhere in the world are:
1) Network Marketing
Network Marketing can be started part-time and is a flexible business model which offers the opportunity of leveraged INCOME where you get paid for your results and for the results of others.
The best way to think of network marketing is like a virtual franchise where you purchase the distribution rights for the products and you profit not only from your own activities but also by introducing new distributors to the business to build an organisation where you are rewarded for the collective efforts of your group.
It is very possible to create a 6 or 7 figure income with this business model. If you would like more information about how to get started online click here.
2) Affiliate Marketing
This is a way to make money online by sharing other people’s products and services in return for a commission – however, unlike network marketing which enables you to earn over multiple levels, affiliate marketers earn on a single level by building an audience within a particular niche where you can monetize the relationships by sharing relevant products in return for affiliate commissions.
This can be a very lucrative business model when done correctly. You can check out websites like clickbank.com for an idea of the types of products that you can promote.
3) Digital Products
If you have an expertise in ANYTHING then you can package it into a book, course, software, audio program, DVD, and so on which you can then sell to make money online by promoting to a targeted audience. If you already have an online following then this is a great way to start monetising your expertise. To see an example of one of the first digital products that I purchased to help me get started online click here.
4) Online Programmes
An online programme gives you the opportunity to monetise your expertise at a higher price point and can either be an extension of your digital product where you have limited personal involvement, for example a 12 week self study online programme or it be a hands on live group coaching programme with a private support group. Examples include Paid webinars, Group Coaching Calls and Online Mastermind groups. This involves more upfront work than the previous methods but can be very lucrative and an excellent way to create value and results for your target market.
5) High Value Services
High value services includes things like 1:1 coaching, consulting and freelance work. This is the most time intensive model and therefore should also be the most rewarding financially. Digital technology opens this service based model up to a global audience. You will need to have the relevant knowledge, skills and expertise to use this as a business model but once you are established this will enable you to make high ticket offers to your audience.
Just getting started?
I would recommend starting with Network Marketing – this business model allows you to get started part time whilst you continue to earn through your job. You will be plugging into a proven system with a blueprint for you to follow and working alongside existing leaders who are able to mentor and support you as you get started.
To learn how to get started online in network marketing click here
To find out about my network marketing business click here
Do you have a lifestyle business? Are you looking to get started online? I would love to hear from you – leave a comment below!