Think about the last successful product you’ve seen. It can be a huge success or a small success. Now picture you skimming a cut of each sale that product made.
I’m sure that with whatever product you’re thinking about, even a small 5% cut would rake in a LOT of cash for you.
People are making money off that procedure every single day, and now I’m going to show you how to join the party…
In the world of business and income (passive in this case), there are a lot of different terms thrown around.
In the past, I’ve spoken about affiliate deals, royalties, partnerships—the list goes on.
But there’s one type of deals I don’t talk about too often. Most of all because I usually save it for those people closest to me.
But today I’m going to reveal all.
The type of business deal that allows you to skim your share (passively) off their payouts is a distributorship.
There are many different types of distributorships. You can own a distribution company that focuses on a single product, or you can use your distribution business to sell a multitude of products.
For first time distribution businesses, I’d suggest focusing on a single product before you branch out into other areas.
The first question you may ask is which product will make me the most money?
There’s an easy answer if you understand the right way to look at it.
First, you need to forget about which product you prefer and think about the hungry market.
Just because you would buy something, it doesn’t mean thousands of other people will
and that’s where your income will stem from.
That’s not to say that you should pick a product that you wouldn’t buy, you just have to do a small bit of research.
There are many creative ways to find the best product for your new distributorship. Take James Allard, for example…
James spent some time in Japan after falling in love with Japanese culture. When it was time for James to come back, he had a great idea.
He realized that there was a hole in the American market in the form of electric hand dryers.
In the Western Hemisphere, we usually just use hand towels in our homes to dry our hands, but that’s where James saw opportunity from his travels.
He decided to take a popular Japanese product, the Mitsubishi electric hand dryer, and bring it to America with intentions distribute it.
That company that James started turned into a multi-million-dollar company after grossing over a million dollars in its first year.
You see, James thought outside the box in many ways. He got used to using the product first-hand in Japan, and when he returned to America he realized that the American people were missing out.
He found a hole in the market and filled it with an already existing product.
I’m not saying that you need to go search a different country to find your ideal product, but you need to place yourself in a different setting to think outside the box.
Hop on the internet and get a taste of different international cultures to find out if there’s anything you can import and distribute.
If you find the right product, the costs will be covered by sales, and you could end up skimming your share of each and every payout the products receives from your jurisdiction (which could be the entire US).
