A Way To Make Money On The Side

5 Common Online Business Models Simplified 

Most beginners

Who are new to online marketing tend to get overwhelmed by the sheer number of

ways one can make money online.  Regrettably, all money-making approaches are NOT made equivalent. 

Survey Sites, performing microtasks for pennies, etc., are largely a waste of time and energy.  Whereas other methods like affiliate marketing, arbitrage, product creation, etc. are extremely rewarding. 

Knowing Which business model to choose is imperative to succeeding online.  You don’t wantto devote some time and effort trying to ice skate uphill.  It’s ideal to go with the 5 proven online business models below. 

     

  1. Freelancing

If you are on a limited budget, it’s best to begin with freelancing. The fantastic thing about outsourcing is the fact that it forces you to master a skill which you can use to generate an income online. 

Ideally, your skills must be related to internet marketing.  For Instance, Digital graphic design, content creation, search engine optimization, video

creation, etc.. 

Go to freelance sites like Fiverr, Upwork, Legiit, etc. to get an idea

of what the popular gigs are.  As long as you have the skills to provide similar

services, you will have the ability to make money. 

It may take you a while to gain traction, but sooner or later customers Will hire you, and if you do a good job and deliver the job on time or sooner, you can bet you’ll have repeat customers. 

As you become more popular, you can increase your rates and so forth.  The Money you earn from freelancing can be used to finance your other online

companies. 

     

  1. Product creation

Product creation is one of the fastest and most lucrative ways to construct An internet income.  Once again, you will need skills and experience.  

For example, if you are into fitness or survival or you’re really good at Building niche sites, you could write a book or create a course on which you are good at. 

From there, it’s only a matter of marketing to your niche audience.

Although this description simplifies matters a lot, the point you need to note is

that creating and launching your own infoproducts or real products is one

of the best ways to make an income online. 

     

  1. Affiliate Advertising

If you do not wish to make products and deal with customer service, that is understandable.  You’ll likely be interested in affiliate marketing.   This business model is relatively hands-off. 

You’ll be promoting other people’s products and be getting a commission

Each time you make a purchase.  There are thousands of products to market on ClickBank, Amazon, Commission Junction, etc.. 

As long as you can drive traffic to the sales pages, a percentage of

Your traffic will convert to sales and commissions for you. 

     

  1. Ecommerce

Ecommerce has witnessed a boom due to the COVID pandemic.  Millions of people are shopping online and getting used to it. 

In ecommerce, you can either sell tangible products you create or you

May dropship products produced by suppliers together with your own branding.  

Another type of ecommerce is called’Print On Demand’.  In this

Business model, you’ll create designs that will be printed on hats, mugs, shirts, etc..  Sites like Custom Cat, Gear Bubble, etc will create the products

with your designs and ship them out.  It’s a really hands-free procedure. 

Ecommerce does demand a budget to begin.  You’re looking at

Anywhere from 1k to 4k when you’re starting out.  You will want to run advertisingand so forth. 

This is a Really profitable business model when you move on to a winning

product.  There are several marketers making 6-figure amounts with dropshipping/print on demand. 

     

  1. Kindle publishing

Kindle publishing is best suited for those who have always wanted to be

writers and publish their own book.  If you’re skilful, you’ll be able to

generate 6 figures . 

You’ll also need to know how to outsource some of your writing so that

It’s possible to scale up faster.  The secret to increasing your earnings is to not only write yourself, but to employ other people to write for you. 

Selling on the Kindle marketplace requires marketing skills also.  It’s

Not about being a good writer. 

These 5 business models are a fantastic place to start from.  If none of them

Seem like your cup of tea, you might research other business models like domaining, arbitrage, etc.. 

If you choose a legitimate business model and you are focused and

Consistent, you will reap the rewards and have an online business you can be proud of.

A Way To Make Money On The Side

Do I Need a Site to Succeed Online? 

This is a Very common question and can be asked by tens of thousands of beginners that are trying to construct a business online.  Before answering this question, it’s important to knowwhy it’s being asked. 

The answer To this is simple — it seems intimidating to construct a blog or site.  Newbies squirm at the notion of all the’tech’ involved.  In fact, with WordPress and all of the plugins available, building a web site is a breeze these days. 

If it seems Too formidable, you could even find a freelancer on a website like Fiverr or Legit to construct a website for you for only $30 to $40.  It really is a simple process. 

By watching About 10 to 20 tutorials on YouTube (absolutely free), you’ll have a great idea of how to make pages and posts and so forth.  It really is easier than you believe. 

Now let’s Look at why a website is necessary to succeed online.  Can you succeed without one?  Yes, you can… BUT it will be much more difficult and will take you more.  Your odds of success would be slimmer too. 

     

  • Establishes authority and an online presence

Having a website gives you a 24/7 presence online and makes you look Like a power in your niche.  Like Jay Conrad Levinson said,”Your websiteis the window of your enterprise.  Keep it fresh, keep it exciting.” 

     

  • Opportunities for passive income

When you have a website, you can populate it with informative and helpful content.  By sprinkling affiliate links in the content, you will increase your

odds of making passive affiliate commissions. 

You never know who’ll be stumbling on your Website and reading your

Content and curiously clicking on the hyperlinks.  However, it happens all the time. 

     

  • Reduces your costs

Having a website will help mitigate your business costs.  If your blog is

Popular, you can have ads on it as well.  These different income generating

opportunities will only be available to you if you have a website. 

The extra income you make will help to defray the overall costs on your

Business and keep you in the green. 

     

  • Drives traffic and extends reach

 

A website can also be a form of traffic generation.  People who find your website Through the search engine or social media properties can be contributed to your sales pages, landing pages, etc.. 

Your Site is not just a hub for your viewers to hang out in, but

Will also act as a conduit to funnel them into your list or get them on your

sales pages and heated up enough to purchase your products. 

A site is available to people all over the world.  The same can not be Said for social or videos networking sites which may be blocked in some countries.  You have a much wider reach. 

     

  • Helps you build a list

Even if you do video advertisements, you can have a link on your video description To a landing page on your blog to capture email addresses.  After that you can market to your list in the future. 

The same applies to Pinterest, Instagram, etc..  Never build a home on

rented land.  You should always have links from other websites pointing to your

landing page/website so that you build your own list. 

     

  • Aids with advertising

Another point to notice is that a website lends credibility to your

business.  For those who have a YouTube channel, a connected site will make

everything seem more legitimate and help with your business immensely. 

 

For example, if you run a gardening station where you always put out

Videos on gardening tips and you have thousands of followers — by having a gardening website, you’ll have the ability to sell books on growing beautiful roses or vegetable gardening hints. 

This is just an example, but you get the point.  You need a website to

Sell your products. 

By now you will realize that it is not a matter of if you Want a website, But more of when you’re going to build your own website.  Imagine your website to be a piece of virtual real estate that will generate profits and gains for years to come. 

Does that sound exciting?  You bet it is.  So, cast your fears aside and

Go ahead and build your online property.  You’ve Got online guests waiting to visit it.  Start on it now and you will have a gorgeous site in a couple of weeks.