How Can I Get Free Money

5 Common Online Business Models Simplified 

Most beginners

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

ways one can earn money online.  Unfortunately, all money-making approaches are NOT made equal. 

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

Knowing Which business model to choose is crucial to succeeding online.  You don’t wantto devote time and effort trying to ice skate uphill.  It’s ideal 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 fantastic thing about freelancing is 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

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 customers Will hire you, and if you do a fantastic 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 increase your rates and so on.  The Money you get from freelancing can be used to finance 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 experience.  

For Instance, if you are into fitness or survival or you’re really good at Building niche websites, you can 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.

Although this description simplifies things a lot, the point you should 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 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

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 together 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..  Websites like Custom Cat, Gear Bubble, etc will create the products

with your designs and send them out.  It’s a really hands-free process. 

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

Anywhere from 1k to 4k when you’re starting out.  You’ll need 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 are skilful, you’ll be able to

generate 6 figures . 

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 profits is to not only write yourself, but to employ other people to write for you. 

Selling on the Kindle marketplace requires marketing skills too.  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 may research other business models like domaining, arbitrage, etc.. 

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

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

How Can I Get Free Money

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

Building an Online business can seem like a complicated and arduous process.  There are somany moving parts and you 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 reality 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 beginners.  This’sound’ drowns out the basic concepts of online marketing. 

In truth, The 5 components below are all you really need. 

     

  1. An informative and engaging blog

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

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

audience.  The issue with relying on social media accounts such as 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 noticed 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 that you could call your own.  This is vital.

     

  1. Products you can sell or market

To make money on the internet, you have to sell something.  If you are an affiliate Marketer, you will be promoting other people’s goods — and once again, something has to be sold for you to make a commission. 

However you look at it, you’re selling.  As obvious as this may

Sound, so many novice marketers never seem to wrap their head around.  They’reso busy purchasing products and consuming information that they don’t realize they are NOT selling anything. 

You’ll not make a cent if you don’t sell.

     

  1. Traffic

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

Belief, a gorgeous website and good content alone are no guarantees.  You’ll have to actively create traffic to your website. 

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

Master) or free traffic which basically 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 endeavor.  Do something every single day thatwill contribute to creating traffic to your web properties. 

     

  1. A budget

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

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

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

Can’t multiply by zero.  You’ll need money to get a domainname, cover hosting and an autoresponder.  If you’re doing paid advertising, you will need funds for that too. 

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

Fraction of what you would want to build a brick-and-mortar company, the truth 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 until you have some funds for your

business.  Don’t be too quick to quit your day job.  Work at your job while

working on your business. 

When You earn enough online to equal your monthly salary in your day Job, you can choose if you wish to stop and go full-time. 

     

  1. A responsive email list

The last and most important component is the list.  There’s no denying The efficacy of a responsive list.  A list of buyers (those who’ve purchasedfrom you before) is invaluable. 

Subscribe to a Trusted autoresponder service such as Aweber,

GetResponse, ConvertKit, etc. and build your list. 

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

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