What will you imagine if I tell you to rent a shop and run a business? – Any type of business.
You might probably picture a sum of that rental money flying out of your bank account and that money will never come back to you. You will then have to work hard to sell your products to cover the rent of your shop before you can cover the cost of your products and eventually make profit.
A lot of hard work, right?
What if I tell you to rent a shop and with a little twist, your rent will be free and you can actually make money from your rent regardless of any business you’re running. Sounds impossible, doesn’t it?
At least that might be impossible in the offline business but on the internet, everything is possible. I will tell you how.
The first clue is that anyone running a business on the Internet will have to spend money on basic necessities.
If you want people to find you on the Internet, you must have a website with a proper business domain name. A free website is a big NO as it doesn’t project an image of your professionalism. What type of profitable business is still hosting their website on free geocities.com or tripod.com account?
So, this is your first important investment for your online business – a domain name and a webhosting service.
Build a website on your chosen webhost and give a proper domain name like yourbusinessname.com. When people want to find you online, simply refer them to your domain name and they can read more information about you and your business on your website. Easy, right?
The second clue is what I call the awesome power of recurring affiliate commissions.
If you’ve been long enough on the internet, you can’t escape the word ‘affiliates’ or ‘partners’. It simply means that you can represent a company as an affiliate and when you refer this company to other clients or customers, the company is going to pay you a certain commission based on the sales.
It gets more exciting as many companies don’t only send commissions based on the first sales. If the company charges recurring fees to their customers, you might get commissions based on your referrals’ recurring fees too.
You refer one paying customer and you get paid for as long as this customer subscribes to the service provided by the company. Refer another customer and your commission is doubled. Keep referring people to this company and you’ll get a passive recurring income every month. Isn’t it great?
And, the last clue is just simply combining the first clue and the second one.
You will spend your money on webhosting and domain name. This is a MUST if you want to make an online present. No exception.
So, why don’t you find a webhosting company that pays you back when you refer others to their service? Since you are using the service from the company, you know a lot more about their operations, the features, the fees and many more.
Recommending to others will be a breeze. It’s like telling your friends about the recent blockbuster movie you’ve seen lately.
You’re going to use the webhosting service for your business anyway. So, in actuality, it doesn’t really matter if you refer others or not, but if you do, not only your referral commissions can cover your business expense, but it will also make you an extra profit.
Compare that to subscribing a webhosting service that doesn’t have an affiliate program. The advantages are so obvious, right?
In short, find a good webhosting company that has an affiliate program. You’ll be glad to add an extra income apart from the core business that you’ll be running.
Finding a webhosting company that sends recurring referral commissions shouldn’t be a problem as there are many webhosting companies that provide affiliate program to their customers. You just have to be their client to participate.
A simple quick search on Google with keywords ‘affiliate program’ and ‘webhosting’ will list some companies that provide this type of service. A few of them are SiteBuildIt, Host4Profit and Kiosk. Choose the one that suits your need.
Now, tell this concept to the offline store owners and see the amazement in their eyes. Then, you will know that doing an internet business is definitely amazing.