Would you like to start your own online vending machine business? A vending machine is is a great business. It runs by itself delivering goods and taking money. All it needs is a little servicing occasionally and for you to collect the cash and replenish the goods.
An online vending machine is far better! Money is sent automatically and your ‘goods’ are digital so there’s a never ending supply which can be accessed remotely online.
Start Your Own Online Vending Machine Business
What is an online vending machine? An online ‘vending machine’ is very similar to an ordinary vending machine. It can run without supervision and people can buy over the internet and access their products instantly. How does this work?
The business model which capitalizes on this idea is called affiliate marketing. With affiliate marketing you act as a ‘middle man’ sending customers to the products. Delivery and customer service are taken care of by the company who own the products. What’s great about this model is you can choose from literally thousands of digital and physical products around the internet.
What Are Digital Products?
A digital product can be anything from an ebook to an online business course. The main trait of a digital product is that it can be accessed remotely from anywhere globally from a laptop. All you need is an internet conection. This is what makes an online business similar to a ‘vending machine’.
Goods are delivered over the internet automatically without intervention. This means you can scale up through online advertising and there is no limit to how many people can access the ‘machine’, pay and get their ‘goods’.
How To Get Started
You can get an overview to this business model with this 6 video series. You will need to learn a few new skills but anyone can do this. You can also access an online training platform which will take you through the process of setting up a website, finding suitable online products and starting an advertising campaign.
Choosing the right products is vital to the success of an online business. Not all affiliate products are the same. Choose products which offer a contant stream of income for each sale you make. You can do this by selling membership products rather than single point of sale products.
You will get access to a range of online products and a fully populated website. From here your main job as an affiliate is to send people to your ‘vending machine’. You can do this in a number of ways:
- Paid advertising
- Article marketing
- Video marketing
- Other online content creation
- Holding webinars
After you start your own online vending machine business you will need customers! Using some of the tactics above will help you find them! However, having the right business model is much better than relying on many sales. The right business model should take into account:
- High ticket sales
- Memberships – giving you a residual income from each sale
- Up-selling – Later sales are closed on your behalf