Have you heard of affiliate marketing? If you have a service-based business like professional organizing, virtual assistance, or coaching, you may be wondering if you should include products in your offering. A product could be a workbook, a book, or a proprietary system. Products are great for a variety of reasons but one of the most obvious is that products create additional income streams. If you are a service-based business you know that you only make money when you are actually doing work. That means if you’re not working you’re not making money and that’s not very fun. It makes it difficult to take time off and live the lifestyle you are probably encouraging others to live.
Maybe you’ve been thinking about adding a product but you don’t have the time, energy, or interest to create your own products. Not everyone likes to create products and that’s okay. You can actually use products that other people have created and make money from doing it. Isn’t that cool? The workbook I developed, ‘How to Organize & Manage Your Time – A One Year Planning and Action Guide’, is a perfect example of this.
The people offering the product are called affiliates and the nice thing about being an affiliate is that you don’t have to do anything except make the link available on your website. With affiliate marketing, there are no costs to you, you make money every time someone purchases the product from your website, and you have a valuable resource to offer your clients that increases your credibility. Plus, you don’t have to keep inventory on hand or worry about the fulfillment process. That’s all handled by the publisher.
It’s a pretty much a no-brainer, especially when you offer a product that is complimentary to the service you provide. Imagine, generating revenue while you’re sleeping or on vacation! I have to admit, it’s quite a thrill to wake up in the morning and see orders in my inbox. To learn more about this no-risk opportunity, email me at liz@coachandmentor.net.