I run a number of online businesses that include selling wellness
products and digital information products (eBooks). Because I can look
at things from both perspectives, I often tend to compare the two
businesses from the point of view of the "better" opportunity.
But
if I were asked to recommend a single business as the best way to make a
living online, the Wellness Business would win hands down. And no, I
didn't choose it because its easy. On the contrary, selling health
supplements, vitamins and related products online is NOT easy.
Not
only is there tremendous competition, but it simply can't be done by
working two hours a day, as is the common perception. If you sell
wellness products, you have to deal with REAL people. People with human
needs and problems.
You must be available in person, or by phone,
or at least by email, to clarify doubts, answer queries, be prompt and
sensitive to your customers' needs and generally make your customer feel
good about doing business with you.
You must also provide
constant support, training and leadership to a growing organisation of
distributors, and help them grow their business.This can be extremely
time-consuming because few of these tasks lend themselves to complete
automation.
A seller of digital products has it somewhat easier.
(S)He need not even interact with customers, because everything from
product delivery to answering customer queries can run on autopilot.
Digital
product sellers can (and often are) literally sitting on a beach while
their websites churn out profits. Given these disadvantages, why would
anyone still choose the Wellness industry?
The reason I believe is
because ANYONE, regardless of their talent or creativity, can actually
make a steady LIVING for a lifetime in the Wellness industry. And of
course, there are a few who even go on to become millionaires.
Here are the reasons why I think Health and Wellness is one of the most lucrative choices for entrepreneurs online.
1. Health Products Fulfill a Basic Human Need
Health is a #1 concern for many people - often more important than even sex (also a top seller online) or food.
The
lack of health can make you feel... well... lousy. And most people will
pay their bottom dollar if they can find something that alleviates
their pain or discomfort.
To put it more plainly, NOT buying an
eBook will not make much difference to your state of mind or body. But
not taking your prescription medication can make you feel very bad
indeed.
2. Health Products are Consumable
Unlike
digital products that can only be sold ONCE to a customer, vitamins,
supplements and prescriptions require monthly re-orders or autoships.
Once people start using them and benefiting, more often than not, they
will continue to use them.
If you treat your customers right, they
will buy from you month after month, providing you with regular
commissions and a more or less stable source of income. There's usually
no need to keep selling to them again and again (barring the obligatory
seasonal promotions).
If the products meet their requirements and
you give them a good deal and great service, they will give you repeat
business for a long time to come.
3. Your Income Grows Exponentially
When
selling a digital product (as an owner or an affiliate), your potential
for future income actually DECREASES with every sale you make.
Unless
you are among the few top marketers who can churn out a new product
every month, or can earn more on back-end commissions, your potential
for income will always be limited by your creativity.
In contrast,
because most wellness opportunities also involve building an
organisation, every product sale actually INCREASES your potential for
future income, by growing your organisation of customers and potential
distributors purchasing every month.
If you help your downline
earn a regular income, few will quit the business they have built so
earnestly. Again YOU benefit from the RESIDUAL commissions that the
organisation provides.
4. Wellness Opportunities have a High Feel-Good Factor
One
of the main reasons that I suspect people stick around in the wellness
industry is the feel-good factor. It can really make your day when
someone calls or writes, telling you how wonderful your products made
them feel. Or how it gave them their life back.:-)
Even more than
making money, the feeling that you have helped another person feel
better is always a strong motivator in working your business.
I've
no doubt it feels good when someone who purchased your eBook writes to
tell you how it helped them succeed. But I can bet it comes nowhere near
the feeling you get when you help someone beat a life-threatening
illness or conquer their pain.
5. The Need for Wellness Only Increases with Age
As
we grow older, we want to work less and enjoy life more. We also want
to live healthier lives and enjoy enhanced community interaction.
Wellness
opportunities are ideally suited to seniors because they have the
potential to fulfill all their needs, ranging from financial security to
improved health and personal interaction.
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