Online Business: Passive Income Secrets for Seniors

Setting up your own online business is a way in which you can ensure that you have financial security to enjoy your golden years.

Just a year ago it was exceedingly difficult to achieve such a feat without having technical skills. The situation has changed drastically in the last few months.

Today it is possible to set up your own online business and have it up and running within hours. This became a reality with the advent of AI or artificial intelligence.

What You Need to Run a Lucrative Online Business

  1. Access to a list building and sales funnel.
  2. In demand products and services to sell.
  3. A way to get interested parties to see your offers.
  4. An effortless way to deliver the products or services.
  5. A way to receive the payments directly in your bank account.

We will now look at each of these points in more detail.

1. Access to a List Building and Sales Funnel

List building image

The reason you first need to build an email list of interested people, is so that they can get to know and trust you.

Will you buy something from somebody that you don’t know from Adam? Certainly not. Because there are too many frauds online.

However, if they offer something for free that you would be interested in, then you might consider entering your email to have a look at it. You can always unsubscribe if it is not what you want.

So, when you build such a list of prospects for your business, you can contact these people and tell them more about you, your business and what you can offer them.

Over time you can build a relationship with them, and they might trust you enough to look at what you are offering.

This Free List Building Tutorial will help you to learn more about list building. (Once you are done, just close the tutorial and you will return here.)

To build your list and make sales, you must have a funnel.

What Does a Funnel Consist Of?

  1. A landing or opt-in page.
  2. A lead magnet to offer as bait.
  3. Thank you page to thank your subscribers.
  4. An autoresponder to host your subscribers.
  5. Follow up email series to build a relationship.

Today one can get free access to a range of systems or platforms that offer these features. The trick is to find one that is easy to use and can scale with your business as it starts to grow.

Further on in our discussion, I’ll supply you with all the links to get access to these resources.

First, let’s look at what you can offer your subscribers.

2. In Demand Products and Services to Sell

In this digital age, more people don’t want to spend years at University or a College before they can start to earn a living. They know that one can get all the information and training about anything under the sun on the internet.

That is why selling information and training courses have become so popular. With your years of experience, you have knowledge that you can share or specific skills that you can teach.

But we mentioned that you can get your online business running within hours. How will it be possible if you must first create a training course? That might take a few days or even weeks.

The solution is affiliate marketing.

Most companies do not have the ability to reach all their potential customers. They offer to pay you a commission when you promote their offers.

This will allow you to immediately start earning while you work on creating your own products or services. It can be such a lucrative business on its own that some people decide to only do affiliate marketing.

The benefits are that you don’t have to worry about delivery of the products or customer service. You just receive your commission payment, and the vendor is responsible for the rest.

Now let’s look at the third requirement.

3. Get Interested Parties to See Your Offers

This is called your sales funnel, and it is sometimes called the invisible selling method.

Your subscribers are introduced to the products and services in such a natural way that they would not see it as “selling”.

Here you can look at an example of how it can be done:

The Easy Commission Blueprint

You are allowed to copy this sales funnel at no cost and can even offer it to your subscribers as well. That solves your problem to get a suitable lead magnet. People are always looking for ways to make easy sales.

When you subscribe to the suggested resources, you automatically become an affiliate as well. Not only can you use the resource to build your business, but you can earn a commission when your subscriber buys it as well.

As soon as you have two referrals, you have access to it at no cost.

At this point many people ask me if this is not a pyramid scheme.

The difference is that your subscribers get access to a product or service of value, and they don’t have to buy it if they don’t need it.

The next person don’t get paid with the money from the previous person, but by the vendors who supply the products or services. It is just the same as if you buy a computer.

The computer shop does not manufacture the computers, but buy it from a wholesaler who source it from the manufacturer. The computer shop gets paid a “commission” through their mark-up when selling the computer.

Getting Interested People to Your Funnel

This is where most online marketers struggle. It can take a long time to build a list of interested people. If you have the means, you can buy leads but it can be dangerous and you can lose money.

You don’t always know what the quality of the leads are and you might pay more for the leads than what they bring in over time.

The best way is to make use of a proven system like this one:

Free Lead System

With this system you will not only get free leads, but you can also build a buyers list and get paid to do it.

Why is a buyers list important?

Buyers have proven that they are willing to invest in themselves and their business and will be more inclined to also buy what you offer them.

When you take the offer to upgrade in this system, you will receive buyers and not just leads and when you refer people, you can earn a commission as well.

Proper Guidance is the Most Important Key to Success

Missing piece image

It took me several years before I was able to make consistent sales online. It was only when I realized that I need the proper guidance that I was able to make a breakthrough. I found the missing pieces at last!

What I learned from my mentors is the fact that you must have a system and the right strategy to follow.

Your Key Strategy for Success

  1. Build your list and relationship with your list members.
  2. Use a proper sales funnel to make your offers.
  3. Follow up with your list and explain how your offers can help your subscribers.
  4. Make sales and invest part of your earnings in your business.
  5. Grow your business as quickly as possible to gain financial freedom.

Contact me here if you need any help with setting up your business.

By Matt Maré

Matt Maré has been an engineer since 1980 and established his own computer business in 1993. He has been married to Martha for more than 40 years and they have three children. He is doing online marketing since 2007 and specialize in list building, website and membership creation and helping people with online marketing.

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