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Many business owners are now switching to a multiple streams of income business model. Instead of only selling their time for money, business owners who use this business model are also selling products on their web sites. These products are their teleseminars, e-books, audio recordings, special reports and many others. Revenue from the products allows these business owners work fewer hours while still making money.
When I speak about the concept of multiple streams of income to virtual assistants, many virtual assistants tell me that they do not want to create their own e-books and audio recordings, but they still want to create multiple streams of income. They want to work fewer hours while still making enough money.
My recommendation to virtual assistants who want to create multiple streams of income, but don’t want to create their own products is to become an affiliate for other people’s products. It takes just a few minutes to sign up for an affiliate program and start using your affiliate links to make money.
So, what is an affiliate? An affiliate is just another word for someone who sells others’ products and receives commissions for them. Affiliate marketing involves selling other people’s products online through a unique affiliate link and receiving commissions for every sale.
It is easy to become an affiliate to sell products; all you need to do is join a merchant’s affiliate program. This will not cost you anything. When you join, you will receive your own unique id you use to link to products you are promoting. Once you make sales using your affiliate links, you will make money.
There are thousands upon thousands of products you can sell online through affiliate programs. So how do you pick the ones that will be the most profitable for your business? What kind of products should a virtual assistant sell to create multiple streams of income? Since you already have a specific target market for your virtual assistant business, I recommend that you pick products that appeal to your target market. You should do this because it is much easier to sell products to an already existing target market than to start working with a completely new target market. Selling products to your current target market will help you create revenues in the shortest amount of time.
Virtual assistants who are the most successful with creating multiple streams of income with affiliate products are the ones who actually purchase and use the product before starting to promote it as an affiliate. This is because once they experience the product they can write a personal endorsement of the product. Doing this helps them get more sales because now they can personally recommend the product to their clients and potential clients.
Virtual assistants, even if you do not want to write your own e-book or teach your own teleseminar, you can still create another stream of income in 15 minutes. To do that, find products that your target market would need, sign up to become an affiliate for those products and start selling those products and earning commissions.
- Affiliate Marketing For Life Coaching Business
- How To Make Money With Other People's Products