Starting an online business can seem easier said than done. That's because a lot of people believe that in order to have a successful online business they need to have their own products, goods and services.
Thanks to the internet and new business models like affiliate marketing, drop shipping, outsourcing, arbitrage, licensing and similar business models, you don't.
If you have read any of my publications or took any of my training programs already then you know I am a big believer in having multiple streams of income.
But here's the thing…
When you take a closer look at all online income streams you'll encounter, you'll find that eventually they all fall under four main categories:
Selling Services:Make money as an employee, freelance contractor or services-based business. This includes any projects that require active participation on your part.
Selling Products: Make money by selling products—either physical, digital or information products.
Affiliate (or Referral) Marketing: Make money by promoting other people’s products and services and growing your business by allowing affiliates to promote your products and services.
Licensing: Make money by licensing your intellectual property or purchasing a license so you can selling other people’s products and services as if they were your own.
And here's another realization you'll soon notice…
No matter which option you start with, you'll soon find that one of the best ways to increase your income online is to focus your time on becoming an online marketing pro.
Because if you don’t know how to do any marketing, you'll become a victim of a company with low or no sales. That’s why most businesses fail and shut down. Because they don’t know how to:
- Get any clients
- Get more clients
- Get repeat clients
Marketing can also help you when looking for a job. You need to be able to articulate right away what problems you are going to solve for your employer. Because your employer is really your client. They are looking to pay someone to solve a problem for them.
How do you get that client to consider you instead of the hundreds or thousands of applicants that knock on their door?
Marketing can be a complex process for newbies because it’s not part of the core training programs in schools. Plus there are many components and labels that fall under the marketing category.
That’s why most newbies who attempt to build an online business have a hard time getting results right away. The learning process can take time. Plus most newbies have no idea what products and services to offer, which ones are more likely to sell online and which ones have a higher profit margin.
Is that how you feel right now?
If so, how would you like someone to show you how to market online using a format that can allow you to learn and create multiple streams of income online at the same time.
Would that make your life easier? I believe it can.
That's why I LOVE the Earn While You Learn format.
And that's why when newbies who still have no products or services of their own ask me where to start, I always say, start with products that allow you to earn while you learn.
Once you know how to generate leads and get customers to buy from you, you can move on and apply that knowledge to any industry, niche, services or products you like.
When you are new, its best to focus on one thing at a time. The best thing to focus on first, is improving your marketing skills.
Many businesses would even pay you to do their marketing for them if you have proven marketing skills.
You see, it doesn’t matter what type of business you decide to get into. Even if your aspiration is to become a fitness or life coach, have a Shopify or Amazon store, or create your own branded products, if you focus on mastering your marketing and sales skills first, you are more likely to succeed.
If you don’t want to do the marketing yourself, then learn the principles so you can hire or partner with the right people who can help you.
Before you go and start investing in product creation and inventory and spend months building an eCommerce store, take the time to work on your marketing skills first.
Always ask yourself, “what problems do you want to solve in the marketplace, why would people pick you to solve that problem for them, How are you going to spread that message so you can get more clients?”
What is the best Earn While You Learn program?
At this point you might be saying, OK, OK, I get it… but what is the best “Earn While You Learn” program out there?
The best program for you is the one you’ll enjoy and stick to.
Just like music or movies, tastes in training programs can vary. To find your best fit, watch samples of some of the training programs you are considering and see if the trainer and the format resonates with you.
Some trainers are perfect for newbies who like to learn slowly and go at a very slow pace. Some are more fast paced and better suited for fast action takers.
Another thing to consider is training formats. Some programs are delivered online. Some are delivered at live events, seminars and masterminds or private coaching. Some are a combination of all the above.
The question to you then is… what is your learning style?
In my case, I like trainers with high energy that speak fast and deliver massive value in a short time. I also like trainers that focus on my area of interest which is creating multiple streams of income in a format that gives me maximum freedom.
I like to have access to online resources at will and I like to attend some live events and masterminds once in a while.
Having a “Lifestyle Business Format”that focuses on business and marketing services is important to me and that’s why my favorite programs are related to business and marketing.
Check out some of our top training programs and pick options that allow you to earn while you earn.