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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 methods are NOT made equivalent. 

Survey Websites, performing microtasks for pennies, etc., are largely a waste of time and effort.  Whereas other methods such as affiliate marketing, arbitrage, product creation, etc. are very rewarding. 

Knowing Which business model to choose is imperative to succeeding online.  You don’t need to 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 start out with freelancing. The fantastic thing about outsourcing is the fact that it forces you to master a skill thatyou 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

production, etc.. 

Visit freelance websites 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’ll be able to make money. 

It may take you a while to gain traction, but sooner or later clients

Will hire you, and if you do a good job and deliver the work on time or earlier, you can bet you are going to have repeat customers. 

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

companies. 

     

  1. Product creation

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

An internet income.  Once more, you will need skills and expertise.  

For Instance, if you’re into fitness or survival or you’re really good at Building niche websites, you can write a book or create a course on which you’regood at. 

From there, it is just 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 among the best ways to make an income online. 

     

  1. Affiliate marketing

If you don’t 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 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 into 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 together with your own branding.  

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

Business model, you are going to create designs which will be printed on hats, mugs, shirts, etc..  Websites like Custom Cat, Gear Bubble, etc will create the products

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

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

Everywhere from 1k to 4k when you are starting out.  You’ll need to run advertisements and so on. 

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

product.  There are several 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 in royalties. 

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

You can scale up faster.  The key to increasing your earnings is to not only write yourself, but to employ others to write for you. 

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

Not all 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 may reap the rewards and have an online business you can be proud of.