The best hands off business ideas use automation, instead of your time, to make money. As you have probably noticed, automation is slowly taking over in all areas of society. If you have been unlucky enough for your income to be affected by this, you will know first hand.
Business models such as Blockbuster video have been completely replaced by automation. You can now access films directly over the internet and you can order almost anything.
Food can even now be delivered to your door directly from the supermarket. Simply place your order online over the internet.
Automation has produced plenty of hands off business ideas too. Online businesses allow anyone to use automation to sell products over the internet and to start their own ‘hands off business’ from a laptop. Start one here.
Best Hands Off Businesses
So what are the best hands off businesses? What hands off business ideas are available for anyone to start? I started looking for methods of making money online several years ago. What immediately struck me was a simple and effective concept – buying a digital ‘information’ product online from ebay.
I could immediately download it and access it over the internet. For me this was the best hands off business idea I had seen. You can set up a system like this and it simply sells products again and again over the internet. There is no need for any intervention and it’s completely hands off once set up! But what’s the catch?
Hands Off Business Ideas
This seemed to me to be the model I wanted to learn about. A completely hands off business which would send customers to an online sales page and then deliver their product, taking the money online all completely automatically. This was like an online vending machine. Â See also autopilot money making system. The basic premis of this model led me to learn affiliate marketing, a similar concept.
What is different about affilaite marketing is that you don’t need to personally create a product yourself. If you do have a unique product which you can sell online, you can set up a website, send customers to it, and earn from selling the same digital product again and again. But even this business idea is limited for a number of reasons.
Traffic
One of the main obstacles to selling online digital products is the getting of buying customers to web pages. Even with the best products available, more on this later, you still have to actively promote your website in order to sell your products. Yes you can also do this in a hands off way, but you still need the know-how to set up automated advertising campaigns.
Value Of Products + Business Model
Another limiting factor to an online sales model is the products. You can create your own products and sell them or use someone else’s products to promote. In the case of many affilaite products you can sell them for a 50% commission. This is a great mark up considering they are not even your products. However, where this model falls down is with the continuous need to keep selling over and over. Let’s say you sell a $100 product and make $50 on each sale. You need $1000 a month minimum to sustain the business. That’s 20 products you need to sell a month. If you pay for avertising you might need more sales. But there’s a better model than this, and it’s definitely one of the best hands off business ideas you can use.
Email Marketing, High Ticket, Multi-tier and Back End Sales
Email Marketing
Collecting emails is the best way to market products online. This is true because it allows you to build relationships and offer your products more than once. In the case of someone visiting your website, they only get one chance to buy. Once you have their email you can offer multiple opportunities to browse and buy your products.
High Ticket Products
A high ticket products allows you to earn a larger amount per sale. This can help offset advertising costs and allow you to scale more effectively into a higher earning bracket. With small value products you need to sell more and more to increase your income. With high ticket products it is much easier to do this.
Multi-Tier Sales
Some online affilaite programs let you earn from building a team of sales people. You then get paid for sales your team have made, sometimes years after the initial sale. This adds another layer of income to your sales model and lets you build multiple income streams into your business.
Back End Sales
Back end sales give you another scource of income from selling digital products online. With back end sales the company rewards you for products which they sell to your initially referred customers later down the line. Once you have referred a customer, you continue to earn for money they spend on products with that company, even years later!
Membership Products
Memberships let you earn commissions each and every month for every sale you have made. This is far more lucrative than by selling single products alone. Plus it can still all be completely hands off too. Membership products are vital for a long term, sustainable hands off business.