The problem is that information abundance equals attention scarcity. This is known as attention economics. Social scientist Herbert Simon was the first person to discuss this concept when he wrote “in an information-rich world, the wealth of information means a dearth of something else: a scarcity of whatever it is that information consumes. What information consumes is rather obvious: it consumes the attention of its recipients.”
While any “regular” job requires you to be at work to make money, affiliate marketing offers you the ability to make money while you sleep. By investing an initial amount of time into a campaign, you will see continuous returns on that time as consumers purchase the product over the following days and weeks. You receive money for your work long after you’ve finished it. Even when you’re not in front of your computer, your marketing skills will be earning you a steady flow of income.
How to Get It: Begin with sites like UserTesting.com, YouEye.com and Userlytics.com. Register with multiple companies for opportunities to test as many websites as possible. Once you're in the system, you'll be emailed when testers are needed, and if you're one of the first to respond, expect to spend 15 to 20 minutes completing the test. Many sites require a microphone and/or webcam, which are built into most laptops—but if you need to buy one, they aren't expensive. The tester sites typically pay within a week or two via PayPal.
Gone are the days that a marketer only relied on outbound techniques like trade shows, cold calling, and advertisements to get leads. Today’s buyer is in control. According to Forrester, buyers seek out three pieces of content about a vendor for every one piece sent by a marketer, and for every one piece sent by sales. Because of buyer self-education, your job as a marketer is to be heard through the noise and come up with new ways for leads to find you. To be a marketer in today’s world, you need a solid grasp of inbound in order to truly amplify your lead generation impact.
The biggest advantage to buying a turnkey business is that the business model has already been proven, so most of the risk and uncertainty is eliminated. Established businesses or franchises have a much lower failure rate than independent startup businesses. The buyer does not need to worry about whether the product or service will sell or not so they can focus on running the business. Often the facilities, equipment, and in the case of an independent business, the employees are included in the sale, making the takeover process even simpler.
People no longer routinely call a travel agent to buy their plane tickets and book hotels for them. The internet has revolutionized that. But if you specialize in niche travel, such as exotic destinations for wealthy clients, you have the potential to make a good living working from home, says Tom Ogg, a travel industry veteran and founder of HomeBasedTravelAgent.com.
Starting a business takes a lot of time, money and paperwork. In fact, nine out of 10 startups fail because they run out of cash, get outcompeted or lose their focus, among other reasons. One way to avoid some of these pitfalls is to buy an existing business. From franchises and MLM companies to commercial real estate, turnkey businesses come in all shapes and sizes and may already have an established customer base.
As your company grows, lead management becomes about organizing and tracking not only who your leads are, but how they prefer to communicate with you, what you’ve already talked about with them, and which marketing campaigns they’ve enrolled in. That’s a little more sophisticated than just capturing an email address and adding it to the “To” field on your marketing newsletter.