This is simply where you endorse, promote and recommend products and services that you like and feel are high quality to other people who might benefit from them as well, and when someone goes through your referral link and becomes a customer you will get a certain percentage of that sale

With affiliate promotions we usually make 50% of Digital products and around 1-10% of Physical

Pros:

  • Quick and easy to get started
  • Little work
  • Simple technology
  • Just sign up for the program and somehow drive traffic, visitors, to the page – No customer support to deal with

 

Cons:

  • No control over the webpages/campaigns/funnel/marketing of what we promote
  • No customer relationship
  • Can’t create backend sequence for the products
  • Can’t control endorsements
  • Less profit than selling your own

 

Tools:

  • Just look for the affiliate tab on the site of the thing you want to promote

 

 

Pros with selling something of your own rather than promoting other peoples stuff:

  • Control over the entire thing
  • 100% Profit
  • Can build list
  • Can build relationship
  • Can get lots of inside data
  • Can get affiliates working for you
  • More rewarding and more opportunity for personal growth

 

Cons of doing your own thing vs affiliate promotions:

  • More technical and complex
  • More effort required to build and maintain
  • Higher risk
  • Customer support

 

So as we’ve seen in this chapter, there are many types of Alternative Income Sources, Products, Programs and Services which with we can easily generate a great income with instead of being tied to the system through having a normal j.o.b

Which one to choose to do, up to you, maybe only one of them seems right to you now, or maybe you want to do several of them 🙂

As of writing this right now, I do thing from all 4 categories Physical products, tea, art prints, custom clothes
digital products, eBooks and videos,
a few affiliate links here and there
and on occasion I sometimes offer coaching

There is some work with preparing and mailing the physical stuff, but not very time consuming, and the digital product campaigns and affiliate promotions pretty much run on autopilot and offer a lot of support, so that leaves time for for coaching and other creativity 🙂

Here I have just tried to show some examples of Alternative Income Sources, to show you that it’s totally possible to live out of the system, by doing your own thing, even from a place like this:

🙂

Next: Ideal Customer Profile