A plug and play business model a business which uses existing built in systems and products. It functions much like a franchise business. A plug and play internet business is much more versatile however than a traditional franchise business. This is because it uses systems, technology and strategies which can be completely automated. It is an automated business system which can operate without staff. It also uses the internet to leverage people, products and systems.
Plug And Play Business Model
So what is this business? How does it work and do you need expertise to run it? An online business can take many forms. However, one simple online business strategy is to use a model known as affiliate marketing. Affiliate marketing is a strategy which allows anyone to promote and sell other people’s products.
Because the ‘affiliate’ isn’t directly involved in the selling or delivery of products themselves, they can use digital marketing to build (a largely automated) business. What’s even better about promoting affiliate products is that they can be digital. That means they have a global appeal and can be accessed from anywhere. You can promote them anywhere globally from a laptop. There are no postage or storage costs involved so affiliates can earn up to 40-50% commissions on a product.
Benefits Of An Affiliate Business Model
The affiliate model is basically a referral business which is performance based. By selling digital products, anyone can build and scale up globally to a worldwide audience. With advertising platforms like Facebook, Adwords and YouTube, anyone with a laptop can instantly reach a global audience with digital products.
The automation involved with an online business means you can leverage your time and scale up. It’s a business model which means you can stop trading your time for money. Operate a business from anywhere in the world with access to the internet. So called ‘Lifestyle’ businesses are built on this model. This is because it allows a lot of freedom and flexibility, both in terms on income generation and location freedom.
Drawbacks Of An Affiliate Business Model
It takes time to learn the strategies needed to implement online business tactics. Not all business models are the same either so it takes time to learn which business model is the right one for the internet. Smaller digital products are much harder to promote with online advertising. This is due to costs, so it’s much better to choose higher ticket items which offer subscriptions and multiple tier based products within a product suite.
Plug and Play Website
Take a look at this video which shows just how easily you can set up a plug and play business model through a simple website. With this site comes a range of high ticket products, a sales funnel and subscription products you can sell as an affiliate. Depending on how you position yourself in the business model you can earn 40% commissions on products ranging from $1000 – $20,000.
What Does A Plug And Play Business Model Offer?
This particular business model offers a range of high ticket and subscription products which you can promote through your very own sales funnel. Setup, as you can see is very simple and straight forward. You will also gain access to a online training platform and modular step by step tutorials. A community is also on hand to ‘plug’ into and offer the help and assistance you will need to learn and implement an online marketing strategy.
What Doesn’t This Model Do For You?
This is largely a done for you internet business. What isn’t done however is the all important marketing, which you will need to learn. Even though you can access a plug and play business model, you still need to market it. The plug and play business model is a sales funnel with a range of high valued products within it.
Training and a community allow you to learn and implement various marketing tactics which suit you and are appropriate to your positioning in the business. For example, if you position at ‘Elite’ level you can sell products valued at $2000 which would mean earning commissions of $800. See The Six Figure Mentors Compensation Plan or sign up here to access the full 7 day video series and learn more.
What You Need To Learn
With any plug and play business model, you need to learn how to market it. Plug and play affiliate websites offer the ability to sell high ticket products for 40% commissions. Equally drop shipping companies let you promote their products too for a slice of profit. With both these ‘plug and play’ business models, you still need to promote and scale your business somehow. This is done through online marketing techniques.
The quickest and most scalable method of marketing online is through paid advertising. Paid advertising techniques allow you to quickly determine which method or strategy works and which don’t. By testing and measuring a variety of adverts, you can see which ones out perform the others for generating sales. Once you find a winning advert, you can scale up by increasing your budget.
Access my ebook The Ultimate Guide To Online Marketing to learn more about how to use paid advertising for anyone online business venture.
Access a ‘plug and play’ business model here which offers a range of high ticket products to sell through a sales funnel, a community of online marketers and an online training platform.