Want to Make Money While You Sleep? Here's How to Set Up an Automated Online Business
Want to Make Money While You Sleep? Here's How to Set Up an Automated Online Business
If you’re looking to make money while you sleep, you have two options. The first option is to work yourself to death, spending every waking hour slaving over a hot computer so that your business can make money while you don’t. The second option? Setting up an automated online business so that your business makes money without you being there—hence, making it possible to wake up and find money in your bank account without having done a single thing to make that happen.
Maybe you've been working a 9-5 job for the last 10 years, and you're tired of feeling like a cog in someone else's machine. Maybe you want to escape the rat race and enjoy more time with your family. Or maybe you just want to make enough money so that your wife can stay at home with the kids while they're young. Whatever it is, if your ultimate goal is financial freedom, then this blog post will show you how.
But first, I have to ask: are you willing to work hard and put in some serious effort? If not, please stop reading right now because this isn't going to be the right plan for you. In fact, it's going to take a lot of hard work on your end to set up your automated business correctly. That being said, I'm happy to share my insights with you.
What is affiliate marketing?
Affiliate marketing is a way for you to make money online by promoting other people's products. Affiliates work with companies, typically online retailers, who are looking for ways to generate more traffic on their site. They provide the affiliate marketer with banners and links that they can post on their website or blog and the affiliate marketer then gets paid a commission each time someone clicks on the banner/link and buys something from the company. If you're interested in making some quick cash but don't have the skills to create a product of your own, this might be the perfect business opportunity for you. As long as you have an audience, there will always be brands willing to pay commissions if they think your target demographic could be valuable.
Niches could include: gaming sites (e.g., D&D), pet owners (e.g., pets with health issues), or moms (e.g., moms who want to look pretty).
-Use platforms such as FlexOffers or Commission Junction
-Search Google for highest paying affiliate programs
-Look at niche forums where others discuss how much money they're making in certain niches
-Find offers that seem like a good match and research them before signing up
-Create content around these offers, build a following around these offers, then promote them using relevant hashtags
-Include information about the offer in your posts so you'll get credit when someone uses it
What does it take to succeed at affiliate marketing?
When it comes to work-from-home careers, affiliate marketing is one of the most popular. Affiliate marketing is when you're paid a commission for referring customers to other companies' products. It doesn't take much money or time to get started with affiliate marketing, so it's perfect if you're looking for a home business with low start-up costs. The best part of working as an affiliate marketer is that you can do it all from the comfort of your own home--all you need is a computer and internet connection! If you've been considering starting a work-at-home job but are hesitant because of the financial investment, affiliate marketing may be just what you've been looking for.
Mentor
I know how it feels when you're working at a job you don't love and can't see yourself doing for the rest of your life. I also know how it feels when you work hard, come home tired and want nothing more than to be left alone with your thoughts.
We all want the freedom to live our lives on our own terms. But in order for that to happen, we have to make money while we sleep. And there are lots of ways to do this!
One way is by starting a business online. With an automated online business, you're able to set up systems that run 24/7 without any human intervention so that you can focus on other things in your life or get some much needed rest!
Vick Strizheus will walk you through his process of creating a successful automated online business that takes advantage of automation and scaling.
He'll cover:
-What automation means for businesses and entrepreneurs today
-How to automate customer relationships -without high-maintenance customer service reps -using drip campaigns, email autoresponders and more
-The importance of finding your sweet spot between selling too little (a hobby) or too much (a Walmart)
-Tips for building a scalable, automated marketing machine from scratch using Systems
-Automation strategies for time management, outsourcing, accounting and more.
Vick Strizheus is the founder of Affiliate Marketing Academy & Mass Traffic Blueprint. As a multi-passionate entrepreneur who has built several automated online businesses as well as established coaching programs, he has personally experienced everything he teaches in his courses first hand.
Building your affiliate business
A lot of people think that affiliate marketing is just a hobby that only makes a few extra bucks, but it can actually be the foundation for a full-time online business. To set up your own automated online business, all you need is a mentor that has done it all himself and is successful doing it. Plus having the willingness to show you step-by-step how to do it.
Vick will walk you through setting up your website, managing social media accounts, writing blog posts and email newsletters and creating a product so that everything flows seamlessly into one big moneymaking machine!
I know what you're thinking: Why should I listen to this random blogger? Well, I'll tell you why - because I've been running my own affiliate marketing business and it is growing every year! So are you ready to make some real money while you sleep?
Monetizing your blog
A few ways to make money with your blog are through advertising, affiliate marketing, and selling products. Advertisers pay you every time someone clicks on their ads while affiliates give you a percentage of the sale price when one of their visitors makes a purchase on one of the sites they're affiliated with.
Selling products is another way to monetize your blog by using services like Shopify or Etsy.
The best part about this type of online business is that it doesn't require any physical inventory- just some planning and research into what types of items might sell well in your niche. For example, if you have a travel blog and want to sell travel gear for women, then all you need to do is find popular companies that already offer these items for purchase online, contact them about sponsoring your site (you'll provide them with links back to their site), then update your posts so that each one includes information about where readers can buy the featured product. You'll also want to include images of the product being used so readers can see exactly how it would look on them (while wearing similar clothes).
Finally, add social media buttons at the bottom of each post so people who enjoy reading your content can easily share it with others who might be interested in buying something similar.
Mindset and habits
You know that old saying, the early bird gets the worm? Well, it turns out this is something we can apply to our business too. Setting up a money making machine takes a lot of work in the beginning, but once you're up and running you'll find that you don't have to do much more than put some food out for your early bird.
Below are some simple tips for setting up your own automated online business:
- Choose a niche and fill in any gaps by looking at the top Google search results for keywords in that area.
- Find one or two products related to your niche and sign up for affiliate programs with them.
- Create blog posts or videos on YouTube about topics related to your niche.
- Write reviews on Amazon and other sites.
- Collect emails of people interested in your topic by adding subscribe forms to your site.
- Use Facebook ads to promote content related to your niche.
- Offer consulting services on Skype (or another platform) if you are knowledgeable about a topic relevant to the market demand for that service.
The time element
If you're looking for a way to make money while you sleep, there are two ways you can do it. The first is with passive income. Passive income is money that comes in from one of your investments or business that doesn't require you to be actively involved. It could be from royalties, rent, or interest on bonds or eBooks.
The second way is through automating your online business.
To set up an automated online business, think about what tasks you currently do manually and see if any of them can be done automatically. For example, social media marketing may not need to be done by hand every day; instead it could be programmed to go out once a week.
Be careful though! Setting up automated processes might save time but they may not provide the same results as doing things yourself. Remember this when deciding what parts of your business you want to automate!
Systems
Systems work - People fail.
If you set up your systems correctly, it doesn't matter if you're out of town for a week or busy with your full-time job, your moneymaking machine will keep going on autopilot! I would recommend starting off with one system first and perfecting it before moving onto the next one. When I first started making money online, I didn't know anything about creating websites so I created a blog and focused on teaching others how to do the same thing.
After gaining some traction in this niche market, I quickly realized that there was no point in having one income stream when I could have two by also creating ebooks and courses.
Both of these sources are passive and provide monthly income without any additional input from me besides promoting them occasionally via social media or my email list (website + emails).
I'm only at the beginning stages of this strategy but so far it’s been working really well!
Sonja