What Are Some Low-Cost Businesses That I Can Start To Earn $200 Monthly?
Here’s a 2-stage business plan that, if I was starting over, I would execute:
- Become an affiliate for a brand you respect in an industry you like — this will allow you to start earning money quickly with low investment, and you can start building a customer list.
- Create your own products, and leverage your list to sell them — step 1 allowed you to build a relevant list for this, but now you can build your own brand and build real value.
More Detail on Step #1
The key to this is that you can use the hard work of someone else who has already created a great product and brand to get started immediately. All you have to do is sign up as an affiliate of theirs and start selling.
Go to Marketplace – ClickBank and poke around in the categories (left column in red). Find a brand you like. Buy their product, and test it out! Make sure it’s something you want to promote!
You can probably make your first sale by blasting your affiliate link to your Facebook friends =) But then, create a marketing funnel to collect email addresses of people interested in some kind of giveaway. You can then market to this audience with your affiliate link (and you already know they’re interested in the brand).
More Detail on Step #2
There are plenty of people that never make it to this step, and they make plenty of money as affiliates. But, if you want to create and contribute something new to the world. Or, if there’s a physical product you love and want to drop ship. Or… the sky’s the limit.
The key here is that step #1 has set you up with a great audience to market your own product to. If you do it right, they already know, like, and trust you, so they are more likely to buy your product.
Then, the real fun starts, because you can build your brand, with your message, your fans, and your vision. This is what I’m all about.
If you want to learn how you can do this by creating a knowledge business, get a FREE copy of my Amazon #1 best-selling book here!