How Can I Find Money

5 Common Online Business Models Simplified 

Most beginners

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

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

Survey Websites, performing microtasks for pennies, etc., are largely 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 crucial to succeeding online.  You don’t need to spend some time and effort trying to ice skate uphill.  It’s best to go with the 5 recognized online business models below. 

     

  1. Freelancing

If you are on a tight budget, it’s better to begin 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 should be related to online marketing.  For example, Digital graphic design, content creation, search engine optimization, video

production, 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 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 work on time or sooner, you can bet you’ll have repeat customers. 

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

companies. 

     

  1. Merchandise creation

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

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

For Instance, if you are into fitness or survival or you are 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 purpose you need to note is

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

     

  1. Affiliate Advertising

If you don’t wish to make products and deal with customer support, 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

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 into 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 suppliers with your own branding.  

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

Business model, you are going to create designs which 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 process. 

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 advertisements and so on. 

This is a VERY profitable business model when you latch 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’re skilful, you’ll be able to

generate 6 figures in royalties. 

You will 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 hire other people to write for you. 

Selling on the Kindle market requires marketing skills too.  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 may research other business models such as

domaining, arbitrage, etc.. 

If you choose a legitimate business model and you’re focused and

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

How Can I Find Money

What Do You REALLY Need to Create a Successful Internet Business? 

Building an Online business can seem like a convoluted and arduous process.  There are several moving parts and you will need to get them all in working and functioning smoothly to begin generating profits. 

While there Is some truth to the situation mentioned above, the truth is that to build a successful online business requires only 5 components.  

The ‘make Money online’ scene is replete with classes and apps and’techspeak’ which only confuses and discombobulates most newcomers.  This’noise’ drowns out the basic concepts of internet marketing. 

In truth, The 5 elements below are all you actually need. 

     

  1. An informative and engaging blog

Having a website is a MUST.  It doesn’t matter whether you are doing Kindle Publishing or affiliate advertising using social media websites, you absolutely MUST have a blog/website. 

This will enable you to build your list and a connection with your

audience.  The issue with relying on social media accounts like Facebook or YouTube is that you’ll be subject to their rules and they can throw you out at any time without warning. 

Thousands of people have lost their accounts and seen their businesses|companies} dry Up immediately because they put all their eggs in one basket… and it had been someone else’s basket. 

Build your own site which you could call your own.  This is crucial.

     

  1. Products you can sell or promote

To make money online, you have to sell something.  If you’re an affiliate Marketer, you’ll be promoting other people’s goods — and once again, something needs to be sold that you make a commission. 

No matter how you look at it, you’re selling.  As obvious as this may

Noise, so many novice marketers never seem to wrap their head around.  They are so busy purchasing products and consuming information that they fail to realize they are NOT selling anything. 

You’ll not make a cent unless you sell.

     

  1. Traffic

Traffic is the lifeblood of any internet business.  Contrary to popular

Belief, a beautiful website and decent content alone are no guarantees.  You’ll need to actively generate traffic to your site. 

You can either use paid traffic (quicker but more difficult/expensive to

Master) or free traffic which essentially is either search engine optimization or

siphoning off traffic from more popular sites. 

You may do a mix of both or focus on just one method.  Either way, you MUST make traffic creation a daily task.  Do something each and every day thatwill contribute to generating traffic to your web properties. 

     

  1. A budget

People often scoff at estimates such as”It takes money to make money”… and

They use quotes such as”You don’t lack resources.  You lack resourcefulness.” 

All these self-help quotes aside, the truth of the matter is that you

Cannot multiply by zero.  You will need money to get a domain, cover hosting and an autoresponder.  If you are doing paid advertising, you’ll need funds for that also. 

While the amount of money needed to build an online business is a

Fraction of what you would want to construct a brick-and-mortar company, the reality is that it helps to have a couple hundred dollars in your budget when you’re starting out. 

Therefore, if you have a day job, do save up until you have some funds for your

business.  Don’t be too quick to quit your day job.  Work at your job when working on your business. 

Once you earn enough online to rival your monthly salary at your day Job, you can choose if you would like to quit and go full-time. 

     

  1. A responsive email list

The final and most important component is the list.  There is no denying The efficacy of a responsive list.  A list of buyers (people who have bought from you before) is invaluable. 

Subscribe to a reliable autoresponder service such as Aweber,

GetResponse, ConvertKit, etc. and build your list. 

These are the 5 basic factors that will decide if your online

Company takes off or fails.  Do give them the attention they need and your Business will soar in record time.