Lifestyle Business Ideas 2018

You are living in the most exciting time in human history. At no point in the past has it ever been easier to create the lifestyle you want to live while building a business that fits into that lifestyle rather than the other way around. Affordable digital technology and easy access to the internet have made business models like the laptop lifestyle possible. Lifestyle design has been the buzzword of the past decade, and things are only speeding up from here.

So how do you set up your life on your own terms and live a dotcom lifestyle business? Below are three of the most common business models for creating the life of your dreams in 2018. But first let’s talk about what it means to have a lifestyle business.

What Is a Lifestyle Business?

Most people’s lives revolve around their job. Their employer sets their work schedule, and they have very little say in how they spend their time from the moment they clock in until the moment they clock out.

They are only allowed to be sick ten days a year. They are only allowed to go on vacation for one or two weeks a year. And they need to get approval from the boss and make sure that their vacation does not overlap with anyone else’s vacation time.

Nobody designs a lifestyle like this for themselves. If you had the choice, how would your ideal lifestyle look? Would you be bound to a timeclock? Would you live a robotic lifestyle? Or would you choose a better way?

Lifestyle design involves using technology and setting up systems that allow you to work from home according to your own schedule. It does take real work to be a successful entrepreneur, but you don’t need a ton of money to get started.

The three basic business models described here are affiliate marketing, Amazon FBA and freelancing. Take a look and see which of these might work well for you.

What Is Affiliate Marketing?

An affiliate marketer is simply someone who sells products for other people without being an actual employee. So when you sign up for an affiliate program, you don’t work for that company. You’re not an employee. You don’t get benefits that employees would be entitled to receive. And there are certain limits to what you can and cannot do as you try to sell those products.

But being an affiliate marketer is actually really good because you have a lot more freedom compared to a regular employee. You promote the company’s products through your website, your email list and social media channels.

One of the best things about affiliate marketing is that you can set up your own business very quickly and begin selling these products. But you don’t have to design any products yourself, so the initial investment to join the affiliate marketing program and get started is usually very low.

So you don’t need to invest in manufacturing, design, research and development. You don’t have to purchase inventory or ship products yourself. And you don’t have to deal with customer service, disputes or returns. You just choose a reputable affiliate marketing program with good products and services, and you begin promoting those goods through your blog. When people click through your affiliate links and make a purchase, you get a commission.

What Is Amazon FBA?

The Amazon FBA program is a little bit different from the affiliate business models.

With Amazon FBA you need to create your own products or at least purchase them from manufacturers or wholesalers. You then pack and ship the products to Amazon, and they store them in their warehouses around the country. From that point on, you basically get to sit back and collect your earnings while Amazon sells the products and handles everything else.

So the Amazon FBA program is easier and cheaper than setting up your own business where do you handle all of the transactions yourself. But it does require some initial investment to create or source your products and build up your initial inventory.

There are some pretty strict rules that Amazon requires it’s FBA participants to follow, so you need to make sure that you do not violate any of their policies or risk getting your account shut down. Most of these are common sense rules, such as no selling of counterfeit merchandise and no selling of licensed merchandise without proper authorization. But you need to make sure that you read over all of their terms of service carefully to avoid any problems.

What Is Freelancing?

Freelancer working on computer
Freelancer working from the comfort of her own home

Freelancers provide services rather than manufactured products. If you have skills that other people are willing to pay for, then you can make a pretty good living as a freelancer. Freelancing is probably the easiest of these three business models, because it requires very little start up cost and there aren’t a whole lot of rules you have to follow. For the most part, you are your own boss. You still work for a client or multiple clients, but you have a lot of flexibility with how you run your business.

There are all kinds of freelance opportunities out there. If you are a writer, an artist, a videographer, a photographer, a wedding planner or a business consultant, Then you can start your own business and begin freelancing within a matter of days.

Which is right for you?

So which of these business models is right for you? Should you get into affiliate marketing? Should you try selling on Amazon? Or should you become a freelancer? Each of these business models have pros and cons.

Affiliate marketing will probably take longer before you start making a full-time income, compared to the other business models. But the good thing about affiliate marketing is that once you get your systems up and running and are getting traffic to your landing pages, income is largely passive. This allows you to have a lot of free time to use however you want. For many entrepreneurs, this lifestyle business is the ideal choice.

For others, however, a different lifestyle business model is required, at least in the beginning. If you need income right now, then you might not have a lot of time to wait around for passive income streams to pick up momentum. You need active income, so you would probably get faster results with freelancing or selling on Amazon.

No matter which lifestyle business you begin with, eventually you will probably want to shift away from active income sources toward passive ones. You want to not only have financial freedom. You also want to have time freedom and location freedom. This is more difficult to achieve with the likes of freelancing.

So as you begin to pursue your dreams and design your own lifestyle business, consider the pros and cons of these three models.

17 Replies to “Lifestyle Business Ideas 2018”

  1. Well Stuart, what can I say? You and SFM/DBL have opened up a whole new life for me and my family. I joined SFM in March 2016 having stumbled upon an ad from those wonderful young folk, The Lifestyle Team, down under. I had been interested in starting a digital business for some time but with no idea how to start. The expertise and tools that SFM/DBL provide have turned my idea into a full blown manifestation. I now own a digital music magazine and record label, ffmrecords.com. This year I am set to gross in excess of 200k from digital music sales and ad revenue along with my affiliate products.
    If you get a chance, pop into http://www.ffmrecords.com and take a peek.
    Once again, thank you so much for your inspiration and support for myself and many others.

  2. Well Stuart, what can I say? You and SFM/DBL have opened up a whole new life for me and my family. I joined SFM in March 2016 having stumbled upon an ad from those wonderful young folk, The Lifestyle Team, down under. I had been interested in starting a digital business for some time but with no idea how to start. The expertise and tools that SFM/DBL provide have turned my idea into a full blown manifestation. I now own a digital music magazine and record label, ffmrecords.com. This year I am set to gross in excess of two hundred thousand from digital music sales and ad revenue along with my affiliate products.
    If you get a chance, pop into http://www.ffmrecords.com and take a peek.
    Once again, thank you so much for your inspiration and support for myself and many others.

  3. This subject was something I did not think of when starting marketing online. I used work in sales, so I had a lot to learn. Now beginning to find this balance between cold, warm and hot traffic what to offer and share with people in different stages. It is very easy to just throw the offer right in their faces as soon as we have them on our lists. I understand now that people are interested in who is the person that sends emails and offer products. Made all the difference when I started to share more of me and get to know the people on my list. Thanks for a Great article!

  4. I became a very satisfied student at SFM at the end of October 2017. Since then I have had an amazing journey, not only learning tons of digital marketing stuff but also had an inner journey of my self. The academy has helped me to find out who I am, what I want, what I don\’t want and most important of all, what is my value. Okay, I still struggle with that, but hey, I need to change 44 years of mindset about my self.

    At the beginning a focused a lot of learning the affiliate marketing, but now when I have my machinery going, I had discovered the fun in Freelancing. So right now I\’m learning how to build sales funnels and master it! I have just begun to learn this, but it\’s so funny.
    //Erika
    erika-lindstrom.com

  5. The three simple choices are reflective of, and into, the core \’particle\’s of many peoples overlaid, very well hidden from themselves, desires.

    Thankfully there is one place, and one online place only, where the subtle ripping off of layers is done through a willing choice.

    Although at first the choice seems to be confusing… there really is only one choice at a time to choose. That choice.. What is the challengingly correct one for you at the time.

    Thank you for this post.

  6. A really concise summing up of 3 key online business models. I was interested in and tried Affiliate marketing first and although I didn’t have huge success at first my early results “proved” the model and I was determined to make it my primary income source. Finding SFM and DEA nearly 5 years ago really helped me to put the pieces together in terms of what products and services to promote, what commission structures to look for and most importantly how to market online. Being able to earn significant commissions on products I know are really impacting people’s lives has been life changing for me. It’s given me location freedom, lots of time to pursue and even monetise my passions for music, photography and travel and massive peace of mind.

  7. Stu, I love how clearly and succinctly your article lists the various types of independent businesses that an entrepreneur can create. You’ve laid out the pros and cons of each very nicely and I will be sure to share this article in one of my upcoming broadcasts to my list of subscribers. Like my followers, I prefer passive rather than active income, which is why I love being an SFM affiliate and watching my automated business grow! The tools that you’ve recently made available on DBL Pro are unparalleled in our industry! I can’t wait to start using the fast loading landing pages on Convertri! Thank you for sharing this great blog.

  8. I do accept as true with all the concepts you have offered for your post. They are very convincing and will definitely work. Still, the posts are very short for novices. May just you please extend them a bit from subsequent time? Thank you for the post.

  9. Wonderful blog! I found it while browsing on Yahoo News. Do you have any suggestions on how to get listed in Yahoo News? I’ve been trying for a while but I never seem to get there! Many thanks

  10. I wanted to put you this tiny note in order to thank you so much again for the awesome techniques you’ve shared on this page. It is simply incredibly generous with you to present unreservedly precisely what a few individuals might have offered for an e book to make some dough for themselves, and in particular now that you might have tried it if you wanted. The advice also worked to be a great way to be certain that other individuals have the same dream the same as mine to know the truth way more with regards to this issue. I believe there are many more pleasant moments in the future for individuals that read through your blog post.

  11. This article shed some light on three areas that I have a great deal of interest in. Over the past 6 months I\’ve been focusing intently on growing my affiliate marketing business, I strongly believe in the opportunity that exists within this arena. As you mentioned this piece at times and requires a great level of patience, a skill in which I\’m still developing . While I\’m fine tuning the paid marketing piece, I\’ve found myself thoroughly enjoying writing blog posts pertaining to my areas of interest! This article brought to my attention what I\’ve know for a while, do what you love and love what you do! The freelance area is something I should focus concentrate on. In January I sold my business and have locked in on all that SFM/DEA has to offer, I love this community and know this is where I belong. Having the opportunity to bring the best out of myself and others, is a priceless opportunity that I won\’t let slip by. Thanks for paving the way Stu!

  12. I found your article very informative John! Being a business owner for 25 years, I could relate to the challenge of stream lining processes. To be able to consolidate and implement the 5 steps you outlined, will certainly make a difference for me moving forward. I had no idea that this type of service was free from Tello! How long have you been using it? Thanks for the info!

  13. Excellent article Stuart! When I started my journey as an online marketing entrepreneur I didn\’t know much about how to start and where to start. You structure the possible alternatives in a way very easy to understand. No doubt that the affiliate marketing is the best way to start if you want to be up and running quickly with your business.

  14. When I first heard about how people were creating Lifestyle Businesses online, I knew it was something I needed to do. It was calling me…very loudly. 🙂 Since I was still working in my full-time day job, and wasn\’t about to jump without a safety net, I opted to become an Affiliate Marketer, as it seemed to be the best way for me to gradually transition out of my day job. No regrets. I love the freedom that Affiliate Marketing provides, and have learned so much about business, technology and myself throughout the process. Also, I am enjoying passing along my knowledge and experience to others who are just getting started…or wanting to get started.
    Thanks Stuart!
    – Mary

  15. Great article Stuart, times have not only changed, but they also continue to evolve. Being an online entrepreneur gave me the opportunity to live my life more authentically, while at the same time create a business culture that%u2019s more in line with my values.
    As a female entrepreneur, I would like to add that there are countless advantages to being a woman entrepreneur. Now, is the best time for women to start their businesses, control their destiny and become a role model for the future generation. I believe that Digital entrepreneurship will significantly contribute to change the position and status of women in society.

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