What is a lifestyle business and why should anybody want one?
That’s what we are about to discover. That way you can decide if it’s something that appeals to you, or whether you would prefer to stay with the security of a regular job or a different kind of business.
A Lifestyle Business Explained
The aim of a lifestyle business is to set up its founders in such as way as to be able to sustain a particular type of lifestyle. Generally a lifestyle business will make just enough money to be able to support those involved (often these are solo businesses with no employees other than yourself). This allows the business owner more time and freedom to be able to enjoy the things they really like to do in life.
Now this is all relative. The amount of money required from your lifestyle business to be able to support the lifestyle you want can vary dramatically. For example, someone who just wants to work enough so they can watch TV all day in their spare time won’t need to make anywhere near as much money as someone who regularly wants to be able to travel the world.
Create Passive/Residual Income Streams
The very best way to create a business that would suit any lifestyle is to set up residual or passive income streams. This essentially means you do the work once and the money keeps coming in residually. If you want plenty of free time to travel or go out and have fun, then these types of income streams are the absolute ultimate.
Think of book royalties. That’s the perfect residual income stream. Write the book once and sell it over and over again.
Bank interest or return on investments is a perfect example of passive income.
These types of income streams are not some fantasy or myth handed down through the ages. They are real! I have quite a few residual income streams myself. Some are not very big, but if you build enough of them, then they really start to add up.
Let Me Introduce You To One Of The Best Lifestyle Businesses I Know
Internet marketing, more specifically affiliate marketing, is a great business to get involved in for lifestyle freedom. You get to work from home or anywhere in the world where you can get internet. You are your own boss. You can do this lifestyle business with your partner or be a solopreneur.
Affiliate marketing has extremely low overheads. Seriously, it costs practically nothing to get started and to run this kind of lifestyle business. You just need your laptop and the internet. Anything else involved is just a few incidental costs, like getting a domain name and paying for website hosting. There’s really nothing to it.
I’ve been doing this kind of lifestyle business for a few years now. And this is after setting up lifestyle freedom through writing and selling eBooks for residual income streams some years back.
Believe me, anyone can do what I’m doing. Anyone. All you’ve got to do is want it and make a choice to go out and do it.
It’s that simple. Just make a decision and don’t let anyone or anything sway you from achieving your goal. Stay persistent in wanting to live the dream and I guarantee you will find success.
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