- Written by Skip McNutt
Brace yourself because this might sound a bit critical. It is amazing that so many “want to be entrepreneurs” fail to consider the whole picture when growing their businesses. OK – I’ll be nice. Most new ventures involve those who have no experience in building a business.
There is nothing wrong with establishing a small business. You may produce a product that represents your passion. If you are a craftsman, an artist or tradesman you may be pursuing an endeavor that provides the lifestyle you want. That’s great. However, what if you would like more money and the ability to make choices.
There are products and product categories that are extremely limited when it comes to creating a large-scale business. If, for example, you are an artisan personally handcrafting your product you are limited to the product volume you can produce. If you are purchasing a product from a manufacturer, it is critical that you ensure that your source can maintain your volume requirements.
Consider “Affiliate Marketing.” Affiliate Marketing is the business of selling other people’s products. There are still challenges. You will need to ensure that your product choice is sustainable. I also recommend a product choice that you have personal experience with. Personal experience is fundamental in establishing credibility.
One of the fastest growing segments of affiliate marketing is in the digital markets. Digital products have several built-in advantages. Digital products can be created once with unlimited, downloadable distribution. Training / Educational products carry high value and can be made available to vast audiences. These are also products that the seller should have personal experience with. Customers look for credibility and integrity in their providers.
There is a long list of factors when it comes to considering business options.
I look forward to assisting you as you move forward in building a financially free future.
All the Best
Skip Mc Nutt
I thought I would Give you a link to an excellent video on Creating a Legacy!