Is it possible to make a decent income doing high ticket sales, a side gig or side business from home? And is it possible to have a side gig if you don’t have any money to start one?
Many people have successfully started side gigs while working full time. Drop shipping, cryptocurrency, e-commerce, Amazon, Shopify, day trading, and real estate have become buzz words for those looking for a side income. More and more often you hear stories about people who have launched careers or made decent money from side gigs.
But can you actually make 100 bucks a day doing these gigs?
The answer is absolutely you could. But there’s one big problem. All of these things take money to get started, but if you’ve got no money or budget, what are your options?
Today we will look at business models that do and don’t work if you’re thinking of working from home to make a side income, and why my business model, high ticket sales, overcomes a fundamental obstacle if you’re thinking of starting a side business with little to no money.
Watch this video about making $100 a day from home.
Home-Based Businesses Cost Money
Here is the big challenge for those dreaming of paying off their next vacation using income from their side business. All home based-businesses cost money to start up.
Either you’re paying for products, paying someone to design your website, or paying to maintain your website. It also costs money to drive traffic to your business,either through ads or a marketing campaign. Every home-based business has a cost:
- Amazon: Pay for products, buy from China, from AliExpress
- Shopify: Pay for software to maintain the site
- Cryptocurrency: cost to invest
- Day trading: cost to invest
There are many side businesses you could do and actually make money from doing them. The problem is if you’re thinking of starting one of the gigs on the above list, you’re not doing these businesses in the right order.
Cash Flow Before Wealth
I always tell my students you want to take care of your cash flow needs before you think about getting rich. You want money coming in today, not after you’ve invested savings into starting a business.
Make that first $50, then $100, then $200 a day. Then get enough income coming in after you’ve developed that high income skill. A high income skill is a skill that can make you $10,000 or more per month and doesn’t require a degree or years to get training.
Once you’ve done that, then you can pursue all those other ventures and tap into them and test out some of these business vehicles: Amazon, Shopify, or day trading. But first you need to have that skill set that will generate you some cash flow.
What I recommend is to stop chasing the next big thing, what I call the shiny object syndrome. Don’t get into cryptocurrency just because your friends and coworkers are doing it. That’s chasing shiny objects.
Many people are stepping over dollars to pick up dimes. They’re chasing shiny objects. What I do and what my students do is the use the oldest way to make money. I’m talking about using the good old telephone. It’s a simple tool to make $100 a day.
High Ticket Closing Business Model
If you want to have a side gig but you don’t have money for expenses or overhead, then take a look at this business model. It’s the same formula I teach my students around the world: the high ticket closing methodology.
This is how it works: it costs more now than ever to acquire customers because the cost of advertising is increasing. It’s increasing because it’s become more competitive in the marketplace.
Companies and entrepreneurs have devised a strategy to outdo their competitors. They sell an initial product that’s under $200 and they sell those products to hopefully develop a relationship with a customer.
This initial product breaks in the wallet and starts the relationship and conversation.
The real money is made after that initial $200 is spent. When the customer trusts the brand and the company, the company can follow up and offer products and services over $2000, or even up to $25,000 and more. That’s where the money is made.
But there’s a problem. These $2000 and $5000 offers are what I call high-ticket offers. The problem is the prospect needs to be closed over the phone because rarely do people buy at that kind of price point by watching a video or looking at a website.
They need to have that one-on-one conversation. That’s where you come in. Imagine you’re closing for a company or entrepreneur. Their offer is $1000. If you have good closing skills and they are willing to pay you $100, that’s 10 percent of the sale, or $100 commission.
If you’re closing those products and services for 1000 bucks, and you make $100 a sale, that’s $100 a day. All you need to make is one sale a day. One single sale to get your $100.
What’s your cost? Zero. How many websites do you build? Zero. How many products do you buy? Zero. You’re not selling your own products or offers. You’re selling other people’s offers.
The company, the influencer, or the entrepreneur, is doing all the marketing, lead generation, driving all the traffic, and building the funnel. They’re creating the content by writing blogs, producing videos, and making the press releases.
They’re doing 90% of the work, yet they don’t make the money until someone like you, a closer, gets on the phone and closes these high-ticket deals. Now, you might be thinking, how can you close if you don’t have sales experience?
Or you want to try closing but you don’t want to turn into one of those slimy phone salespeople that you dread. High-ticket closing isn’t about having sales experience or becoming a telemarketer.
High Ticket Sales Vs. Traditional Sales
High ticket selling is one of those rare skills that could make your $100 a day with no expenses and no overhead.
It doesn’t mean you’re going to turn into one of those annoying telemarketers that cold call people. You don’t have to do a lot of prospecting either. But if you’re not talkative and you don’t like helping people, this could scare you away.
What you’ll be doing is starting a conversation with prospects who have already gone through a series of steps. They’re already familiar with the business and maybe the product after watching a webinar or going down a marketing funnel. They’ve filled out an application form, and they’ve booked a time to speak to you, a high-ticket closer.
Your role is to get on the phone with the prospect and then close the sale.
That’s the High Ticket Closing business model. No cold calling. No marketing, no building websites.
If you’re thinking, you don’t want to be a salesperson, this isn’t about being a salesperson. It’s different from traditional sales. No one wants the telephone slammed on them every day. Being rejected all the time is not a way to make a living.
With the High Ticket Sales business model, it’s better if you don’t have a background in sales because you don’t have sales habits to fall back on. You’ll be learning a new skill with an open mind and this skill will give you the potential to make a good income while working from home.
Final Thoughts on Working From Home Doing High Ticket Sales
It’s almost rare to meet someone these days who isn’t interested in a side gig or a side business. If you’re thinking of starting an eCommerce business, or investing in crypto currency, plan to have some cash set aside. Ideally, you want to have steady cash flow first.
The business model I teach is High-Ticket closing. You don’t have to invest in marketing, a website, or products. You don’t even need sales experience because you don’t want to sound like an annoying salesperson. Most importantly, if you’re closing deals for $1000, you can make $100 in commission daily if you close one sale a day.
Do you want to develop the high income skill of closing? If yes, click here to find out more.