Online businesses depend on sales, but what if there is a way to build an online business that doesn’t depend on sales, but the number of customers you have? In today’s article, we’ll explore 3 effective methods to build an everlasting online business that will generate passive income forever, even when you’re not attending to it…
Before we start, watch the video below from our YouTube channel to get an introduction to this business model and why it’s great:
Now that you’re familiar with the basics, let’s go over these business models with more details.
The Subscription Model:
This is one of the most effective and manageable online businesses ever. The risks are very low, especially when you have a good product or service. For example, my second company, the Actionate is built based on this business model and brings an average of $500,000 a month on autopilot. This is the money I make from it even if I don’t make a single sale online.
This company allowed me to take time to build my own second company, the Aversity. This is the power of a subscription business model…
Building an Email List:
An email list (or a customer list) is the backbone of your online business. Without it, you don’t have a business! The best way to build a list isn’t to bribe people to give you their name and email (the usual opt-in mumbo jumbo) but is to generate a list of people who have purchased something from you and monetize it!
Here’s a good example of this. I have a list of about 200 people who have purchased a small product from me ($14). This list has been sitting there for a while so I decided to use it before it goes cold…
I sent an email to these 200 people using my autoresponder, telling them about my new program (you can also do the same by promoting other products as an affiliate). 38 people ended up buying my new program, which made me $11,286 in a single day and I made all of that with a single email on my spare time…
You can learn more about this super affiliate strategy here
Life-Time High Ticket Affiliate Programs:
Lifetime affiliate programs are the key to success as an affiliate, but lifetime high ticket affiliate programs are a level higher and will take your business to the next level.
Lifetime affiliate programs pay you commissions even after a sale is made. For example, on the Amazon affiliate program, when you refer a customer to purchase a product on Amazon, you’ll only get paid once for the first sale and you won’t earn a commission if the same customer buys more Amazon products.
The same thing applies to more common affiliate networks such as Clickbank or JVZoo.
But on a lifetime high ticket affiliate program, you’ll be paid every time that customer purchases something. This means that the customer belongs to you and you’ll earn a cut every time they buy something!
Not only that, you can earn high ticket commissions, up to $4,000 per sale which will change the economics of your online business…
A good example of this type of affiliate network is our very own program, the Aversity High Ticket affiliate program.