In the digital age, bricks and mortar businesses are declining in popularity. The cost for upstart and maintenance are just loans that young entrepreneurs cannot swing without willing co-signers. When a business is supposed to be your source of independence, the last thing you want to do is ask mom and dad for their credit card (if it isn’t already maxed out on Parent Plus loans).
And when a college degree isn’t enough to guarantee a steady job for Millennials and GenZers, and Boomers make jokes about your abysmal prospects of owning real estate, what are you supposed to do?
So, the natural conclusion is to turn to producing online services or products. Simple, right?
Well, that depends on your personality. Chances are, since you probably googled “businesses for free spirits”, you’re not your typical get-rich-quick noob. You’re looking for a structured financial foundation to support your personality – whether you’re a free spirit, digital nomad, bohemian, living life in a tiny home or on the road in a van. In other words, a lifestyle business.
A lifestyle business allows you to be your own boss but spend your time building your life rather than praying you build a stream of income for your backers.
A start-up delivers a return-on-investment to its backers. A lifestyle business delivers a great quality of life to its owner.
In other words, a lifestyle business pays you. A startup pays your investors.
Whose pockets would you rather line?
That’s an easy one.
Types of lifestyle business
There are a myriad of lifestyle businesses out there, but among the most popular are ones you likely interact with on a daily basis, including:
1. Affiliate Marketing
5. Print on Demand
Lifestyle businesses such as these have yielded thousands of ordinary people more than enough money to support their free-spirited lifestyle. If you would like to join them, one of the most important things you need to understand is affiliate marketing.
So What Exactly Is Affiliate Marketing?
Affiliate marketing is an essential passive income element of most lifestyle businesses. Third-party purchases through affiliate links and Pay-Per-Click Ads are the lifeblood of blogging, vlogging, dropshipping and print on demand. One way or another, products and services offered by these e-commerce businesses get their leverage through affiliate marketing.
With affiliate marketing an online retailer pays commission to an external website for traffic or sales generated from its referrals. This means that if you are a vlogger promoting a product or service, anyone who clicks on your affiliate link to purchase the product generates a commission for you.
Amazon were ahead of the curve when they created the first online affiliate program of its kind back in 1996. Today, it is the largest and most successful online affiliate program, and 900K members strong to boot.
With Amazon, and certain other affiliates, so long as someone buys ANYTHING through your link, you get a commission. So perhaps you are promoting a t-shirt that you really like. Your viewer clicks on the link and decides that maybe the t-shirt is not for them, but they continue browsing and add 10 items to their cart. Anything they purchase through Amazon at that point will generate you a commission on the entire purchase.
You read that right.
You promote one item and get a commission on 10. Or you can opt for the e-commerce route and utilise Amazon fBA, its dropshipping arm. But enough about Amazon. This isn’t an infomercial!
So why Affiliate Marketing?
I passionately believe that Affiliate Marketing is THE best business model and THE best lifestyle business for Tiny Homers, Digital Nomads & Other Free Spirits.
Not only will you be able to make affiliate connections with numerous companies like Amazon, Dell, Apple, and others, but you’ll be able to guide bloggers, vloggers and other lifestyle business owners towards the steps they need to make their lifestyle business a success.
The passive income you could make from developing courses, doing consultations, and referring clients to your affiliates are potentially endless. And endless possibility for growth means endless possibility for sustainability. And if your business sustains your lifestyle, then you can mould your lifestyle into whatever you want it to be.
For true freedom, automated affiliate marketing truly is the most viable business model. Free spirits, digital nomads, bohemians, tiny homers and vanlifers apply here!