Best Side Jobs To Make Extra Money

5 Common Online Business Models Simplified 

Most beginners

Who are new to internet marketing tend to get overwhelmed by the sheer variety of

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

Survey Sites, performing microtasks for pennies, etc., are mostly a waste of time and effort.  Whereas other methods like affiliate marketing, arbitrage, product development, etc. are very 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’re on a tight budget, it’s best to start out with freelancing. The fantastic thing about freelancing is that it forces you to master a skill which you can use to create an income online. 

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

creation, etc.. 

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

of what the popular gigs are.  So 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 earlier, you can bet you are going to have repeat customers. 

As you get more popular, you can raise your rates and so on.  The Money you get from freelancing can be used to fund your other online

companies. 

     

  1. Product creation

Product creation is among the fastest and most lucrative ways to build

An online income.  Once again, you will need skills and expertise.  

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

From there, it is just a matter of marketing to your niche audience.

While this description simplifies things a lot, the point you should note is

that creating and launching your own infoproducts or real products is among the best ways to make an income online. 

     

  1. Affiliate marketing

If you don’t wish to create products and deal with customer service, that is understandable.  You’ll probably 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

Every time you make a sale.  There are thousands of products to promote 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 seen a boom because of 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 providers with your own branding.  

Another type of ecommerce is known as’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 goods with your designs and send them out.  It’s a really hands-free process. 

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

Anywhere from 1k to 4k when you are starting out.  You’ll want to run advertisements and so forth. 

This is a VERY profitable business model when you latch on to a winning

product.  There are many marketers making 6-figure sums 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 are 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 profits is to not only write yourself, but to employ others to write for you. 

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

Not about being a good writer. 

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

Seem like your cup of tea, you might research other business models such as

domaining, arbitrage, etc.. 

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

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