What is the Best Business to Start Around Your Full-time Job?
Here’s a question, you want to start a business while still working in your current job full time to make sure you continue to feed your family, is this possible? What is the Best Business to Start Around Your Full-time Job?
You are an average working-class person living pay cheque to pay cheque or you are successful in your current job but considering to replace your income.
What is the best business to start around your job bearing in mind that you do this part time around your career? Is it realistic to achieve this?
I will answer this realistically straight out. YES, it is absolutely realistic if you are prepared to put some work around your job.
It is more realistic in today’s world than it ever has been to do a business part time and I can say this confidently not because I am doing it myself working in the evenings around my 40 hours working week, I am also helping people coming from all different backgrounds to do exactly the same.
So yes, it is realistic for you to do this. Let me tell you some of the reasons why it’s very possible.
To really answer your question, what is the best business to start?
I want to suggest you that anything that is product-driven and something that is quite easy to fill on.
So, what do I mean by that?
A lot of people assume that the easiest way to replace an income is to provide a service because maybe they’ve got existing skills or you’re able to freelance.
To be honest with you, if you just want to replace the money that is coming in because you hate your job or you’ve got the risk of losing your job and you’ve got existing expertise, maybe you’re a writer or somebody who can do contracting work, it could well be an option.
But for a lot of people, the idea really is to spend few months, may be 3 months, six months, or a year building the foundations of their business that can enable them to become job free. And a lot of people are following this because they want lot more freedom, they want to travel more or they want more time freedom.
And so, assuming that’s your case, what I am going to suggest you is this. Find some products that you can sell many times over each and every week without you having to do tonnes of customer service, customer support and something that’s not going to require your personal time to fill.
The last thing that you want to do is working 40 to 50 hours a week or may be more in your job, coming home and having to deliver whatever it is that you’re selling because you are selling a service or a product that requires a lot of fulfillment around it.
So, with that said. There are a couple of business models that are really a good fit. One is Affiliate Marketing – where you can sell other people’s products and know that you are going to get paid commissions without having to do any fulfilment, without having to do any delivery and sell those products many times over, when you’re at work, when you’re sleeping, 24/7, 365 days a year and you can grow your income as you grow your sales.
Another option would be selling physical products.
So, you could be doing an e-commerce business and setting up your own store on sites like shopify.com which enables you to sell your own products and services.
Or you could do something like Amazon FBA which is where you are relying on Amazon to do all of the fulfillment for you which in most cases would be the best option.
Now, with physical products again for most people, you’re going to be doing something that’s not too invented, you’re not going to be reinventing the wheel. For most affiliate marketers, the right route and the route that they choose and the ones that they’ve seen more success is basically private labeling or importing an existing product and then actually setting up the sales system. And that could be anything.
This might sound overwhelming to you right now as a beginner, but it is simple and straight forward. Trust me!
Within the curriculum of the company that I am associated with as an affiliate marketer, they teach people how you can leverage sites like Alibaba or Ali Express to order existing products in fraction of a cost because you are buying in bulk of what you would spend in retail and then actually resell them through an eCommerce store like shopify.com or Amazon FBA.
Now the remarkable thing is, while you are selling products, you can sell as many that you have and if you are an affiliate marketer? In a lot of cases, that’s going to be an unlimited amount and if it’s your own product then it’s going to come down to the amount of your input especially if it’s your physical products. But you can sell as many as you can.
So, really your part time that you’re going to be spending on your business once you set up is going be spent on selling your products and setting up your systems for advertising or marketing campaigns to make those sales to happen.
How does this work?
You start making your first few sales as an affiliate marketer which means you started earning commissions while you are working or sleeping.
Because the marketing efforts that you were putting in in your part time hours and eventually you are selling enough units of the products, it gets to a point where you replace your income working part time and don’t have to do any fulfillment personally. Especially, you are doing affiliate marketing where you don’t have to do any customer service or customer support or any transactions.
So, while you are at work, sales will be happening, the products will be getting fulfilled on, commissions will be earned, and at some point, within how many ever months/years you should be able to replace your job income as an affiliate marketer.
Often when people hear this, they ask if this is realistic? Is it possible? Is it absolutely possible for an average person who earns 60K a year job within 6 months?
I’d say NO. An average person doesn’t. Really it’s going to depend on your efforts, how much effort you put in.
My advice would be is this. Don’t necessarily set a goal of replacing your income within a certain time, like 3 months, 6 months or 12 months. Set yourself up in a way that you find something you believe in, you are confident in, you are happy with and get to work on how to make that first sale happen.
Once you’ve made that first sale, work on making that second sale and then the third and so on. Whatever the time it is going to take, let it be. Results are going to come down to a lot of variables. How quickly you implement, how fast you learn, whether you picked the right product, the right market at the current time.
And of course, a lot of training and curriculums are going to support you in this. It goes without saying that if you invest in mentorship or guidance you are going to cut a lot of learning curve out and that’s going to speed up the process.
Having said that, my best advice would be for you to absolutely focus on something really easy for you to fulfill on.
Like the affiliate business/physical product business, where you are actually relying on something like Amazon to do a lot of the heavy lifting for you, like taking the money, distributing the package, the postage, and delivery. And then you are going to find yourself really in a much better position to scale that business and replace your income.
The first 10 sales, whatever it is that you are selling will be the hardest. But once you’ve made that double figures in sales, you will absolutely gain that confidence to rinse and repeat and grow.
You’ll have a better understanding of what it is costing you to make those sales, how much margin there is, what the profits are and you’ll know exactly how many sales you need to be making each week, each month in order to have a steady business that’s going to eventually replace your income.
That is all I wanted to say. Very realistic for you to start a business around your full-time job and you can do it.
So, the ultimate answer to how long is it going to take to start your business around your full-time job?
There are people who are doing incredibly well within 12 weeks of getting started and growing sales in their new business, and there are people who’ve taken 12 months to make their first sale. That’s really going to come down to your commitment, how much you are going to invest in you learning the ropes and applying those steps.
Hopefully, that’s been helpful!
Did the above article address what you were looking for and was it helpful?
If Yes, please feel free to Click here to watch a video introduction to affiliate marketing business and to learn about the company that I am associated with. I guarantee it’s worth your time!
Keep your passion alive!
Founder of Life and Lifestyle Online