Automated Businesses and Why You Should Start One
Now is the perfect time to earn a passive income by starting an Automated Amazon Business. Read our tips on how to build a successful Amazon business.
By: Katie Melissa
So you might be wondering what automated businesses are and what exactly all the buzz is about. You may have heard the saying, “Work smart, not hard.” Nothing applies more to this popular mantra than the automated business—a business that is largely hands-off and, after initial set-up—begins to run itself and earn money for you. We like to call this earning “passive income.” Passive income is money that is generated while you live your life—eat, sleep, vacation. While you’re sleeping, your online automated business is selling products and earning you money.
How Covid-19 Has Created a Demand for Passive Income
In a time when the COVID-19 pandemic has caused many businesses to shut down and employers to furlough or even lay-off employees, the economy’s sudden “house-of-cards” style downturn is making people realize that the old-school concept of working 9 - 5 for a company is dated ideology, and that a “secure job” isn’t ever really secure.
There are different types of automated businesses, each with varying start-up costs and nuances. Automated online businesses are newer in concept, and the demand for them is increasing due in-part to how Covid-19 is changing the way people work and create income streams. Creating an at-home business that requires no in-person interaction is a new market everyone wants in-on.
People are beginning to realize that they need a spare tire and have back-up streams of revenue to protect them. Passive income is important because it creates stability, security, and freedom in your financial life, and can even replace a full-time job to give you financial freedom.
The Rise of the E-Commerce Business
Electronic commerce or e-commerce is a business model that allows companies and even individuals to buy and sell products over the internet. E-commerce operates via business to business (B2B), business to consumer (B2C), consumer to business (C2B) or consumer to consumer (C2C). The advantage of an ecommerce business is that you can sell products without the overhead of a brick-and-mortar store and having employees. Moreover, you can reach customers all over the world, while a brick and mortar store is confined to reaching consumers surrounding the radius of the area it’s located in.
Why Start an Amazon Automated Business?
The purpose of an Amazon Automation business is to earn passive income without lifting a finger - and Fulfillment by Amazon (FBA for short), takes the legwork out of selling products on the internet and allows you to ship products to one of Amazon’s warehouses or fulfillment centers. Additionally, the advantage of using a service like Fulfillment by Amazon is that you can test your products in one of the biggest, most visited, marketplaces online.
How to Start An Automated Business
This is what our team at Elite Automation does for our clients. We shave the learning curve off so you start earning immediately. We are an end-to-end automated business solution that takes the guesswork out of starting your automated business, while targeting a 15%-25% profit margin. Our dedicated team of Amazon selling experts monitors and scales your Amazon store, while managing your products, inventory, sales, customer service and store entirely.
Why Use Elite Automation? Our Numbers:
On average, our Wholesale FBA Automation client stores hold a market value over $1 million after 18-24 months of operation. Your revenue increases as we research and acquire more and more profitable items for your store and our clients typically see a full ROI between 12 and 15 months depending how much of their profits they reinvest back into the business.
You might be wondering the price point or start up costs associated with an automated business. Automated ECommerce businesses can start at $25K on the low end, but if they are already established they can sell for 6 to 7 figures. You’re investing into a machine that is proven to work so you don't have to reinvent the wheel, or come up with some “Shark Tank” worthy invention. We have several Automation clients generating 6-7 figures in revenue annually.
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