Can We Make Money Online

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 methods are NOT made equal. 

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 lucrative. 

Knowing Which business model to choose is crucial to succeeding online.  You don’t need to devote some time and effort trying to ice skate uphill.  It’s best to go with the 5 recognized internet business models below. 

     

  1. Freelancing

If you are on a tight budget, it’s better to start out with freelancing. The good thing about freelancing is that it forces you to master a skill which you can use to create an income online. 

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

production, etc.. 

Visit 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 deliver similar

services, you will 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 fantastic job and deliver the job on time or sooner, you can bet you’ll have repeat customers. 

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

businesses. 

     

  1. Product creation

Item creation is one of the fastest and most lucrative ways to construct An internet income.  Once again, you may need skills and expertise.  

For example, if you’re 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’regood at. 

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

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

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

of the best ways to create an income online. 

     

  1. Affiliate Advertising

If you do not wish to create products and deal with customer support, 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 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 seen 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 providers 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..  Websites like Custom Cat, Gear Bubble, etc will create the goods with your designs and ship them out.  It’s a very hands-free procedure. 

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 advertisingand so forth. 

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

product.  There are many 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 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 all about being a good writer. 

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

Look 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 rewards and have an online business you can be proud of.

Can We Make Money Online

        3 Common Difficulties Most Newbie Marketers

Trying to build

An internet business will require you to master new skills and get several moving

parts in alignment for your company to be the a well-oiled machine. 

It can be

Intimidating when you find how little you know.  Every time you learn

something new, there will be something else that you need to figure out. 

It will

Almost appear to be a never-ending process… but rest assured, that with time you will master the fundamentals and get your ducks in a row.  Below you’ll find 3 common

issues that most beginner marketers face. 

Once you’re

Aware of what these are, you’ll know what to do. 

1.   Selecting a business model

This is by far the most important decision you will need to make.  There is

A plethora of methods when it comes to making money online.  There is freelancing,

arbitrage, product development, ecommerce, Kindle publishing, domaining and much

more. 

The key to success faster than most of the other people online will

Be to focus on a single business model.  Ideally, you should pick one that you could be innately suited for. 

For example, if you prefer working for others, freelancing is appropriate

for you.  There are numerous freelancers such as writers, copywriters, graphic

designers, software designers that make 5 to 6 figure sums working as

freelancers.  If you are good, you’ll be sought after. 

If You Want to build your own company where you’re your own boss, you will

Need to check at the skills you have or your natural talents.  If you write well,

Kindle publishing might be calling your name. 

If you enjoy teaching others, you can create classes and launch your own

products.  So, ask yourself what you truly enjoy doing and what you’re good at.

 This is the secret to unlocking your success online.  Do what you are naturally

good at. 

2.   Mastering the ‘tech stuff’

Countless newbies quit on their online marketing dreams just because

the tech stuff overwhelms them.  The truth is that most of the technical details

are easy, once you know how. 

And if you really do not want to do it, you can always hire a freelancer

to do it for you.  Never quit on your internet business just because you can’t

sort a tech issue out.  Rest assured, there are tens of thousands of qualified and

dependable freelancers who can assist you. 

Typically, you can learn just about anything from setting up a blog

To automating delivery of a product and much more, just by doing a few Google

searches or look on YouTube for tutorials. 

These 2 free tools are lifesavers.  Technical issues can seem

Intimidating, but do not let them scare you off your internet marketing path.

 There’s absolutely no rush.  Take your time and resolve them, or pay someone to do it for

you. 

3.   Learning to drive traffic

Traffic generation is one of those skills that you MUST possess if you

Wish to succeed online.  While you could hire agencies to do it for you, if you are a beginner, it will be costly. 

It’s better to learn it yourself so that you do not have to rely on other people.

The secret to success with traffic generation will be to concentrate on one or two

methods.  Not more. 

For example, you may choose to focus on Pinterest advertising and Facebook

ads.  Once you choose the traffic generation method/s, stick with the chosen

ones until you see results. 

It may take time for you to get the hang of things, but once you master

The basics, you’ll see trickles of traffic initially… and it is going to snowball into

massive amounts of traffic. 

The 3 difficulties mentioned previously are nothing to be worried about.  Adopt

A proactive strategy and take consistent concentrated action daily and online success

Will inevitably be yours.