Making money while addressing health issues, extended treatments and hospital stays can be challenging. In fact, the No. 1 reason Americans file for bankruptcy is healthcare costs, not consumer debt.
The New York Times reported that 20% of Americans under 65 with health insurance had trouble paying their medical bills over the past year. Of those, 63% claim to have used up all or most of their savings to tackle their healthcare expenses, while 42% took on an extra job to cover their costs.
On September 19, 2017 I got diagnosed with Cancer.
As you can imagine the past 6 weeks have been intense.
I was having health issues for months before that, but getting a Cancer diagnosis was unexpected.
I had to put everything on hold and dedicate most of my time researching cancer and how to approach it.
On the positive side, I was able to have a successful surgery on October 25 and now in fast recovery mode. The cancer was confined to one location which makes it much easier to tackle. I am now working with the cancer agency and a naturopathic doctor specialized in cancer to address the next steps.
I am thankful that I can work from home and that I have multiple sources of income. Despite taking time off to deal with my health, the affiliate side of my business was still operating in the background and generating sales without any effort on my part.
As you can see from the screen shot, one of my most successful affiliate programs called MOBE generated $12,435.83 (USD) during the month October. $9,431.54 was generated during the week I was in the hospital.
It was amazing to come back home and login to my computer and find this amount in my back office. Specially as my alternative healthcare bills are not cheap.
This is all hands off and I did not even do any advertising that month. A large bulk of the money came from two sales from existing clients who decided to upgrade and purchase more programs.
MOBE has a unique affiliate program in that once a client buys something from you, they are tagged to you for life. Meaning if they come back and buy something one, two or more years down the line, you still get the commission.
Why would a company do that for you?
Because advertising costs are going up. Companies would much rather reward affiliates on guaranteed sales rather than them having to spend hundreds of thousands of dollars on marketing that might or might not generate sales.
Affiliate marking is on the rise and more companies are embracing it and making it very attractive for affiliates.
However, most other affiliate programs will only honor your referral for 30, 60 or 90 days and usually on the first sale only. This will be easy for you if you are promoting small low cost item that your followers and leads buy right away. Because they are lower cost items, your commissions will also be very low. This means that you have to keep spending more money on advertising to find new leads.
But if you are promoting high ticket products that have higher profit margins, the sales cycle will be much longer. Most people are not likely to make a big purchase online right away. They need to spend time researching and comparing prices. This means that by the time they are ready to buy, you might not qualify for commissions any more even though you were the one that referred them.
To be successful with your online business, you need to keep your revenue higher than your costs. Achieving that balance requires training and lots of practice. It also requires choosing the right offers to promote.
That is why I like MOBE.
MOBE which stands for “My Own Business Education” has a large selection of online training and live events. The training is focused on how to build and grow an online business and how to generate leads using online marketing. These are skills that any business owner will need.
That is why I continue to promote MOBE, specially for newbies who want to build an online business. When you know how to do online marketing while balancing your budget, you can be more successful with any business you chose to operate.
Keep it simple
With affiliate marketing all you have to do is send leads and the company will take care of the rest. This is much easier than having to make, create or buy products and then spend money on marketing so you can sell them.
You can focus your time and resources on marketing only and let the parent companies do all the heavy lifting for you.
If affiliate marketing is on your radar, make sure to add MOBE to your training and affiliate offers.
You can also check out one of my previews video blog reviews where I describe how MOBE works.
To your success!!