How Can You Make 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 methods are NOT made equal. 

Survey Sites, performing microtasks for pennies, etc., are mostly a waste of time and energy.  Whereas other methods such as affiliate marketing, arbitrage, product development, etc. are extremely lucrative. 

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 best to go with the 5 proven online business models below. 

     

  1. Freelancing

If you are on a limited budget, it’s better to start out with freelancing. The good thing about outsourcing is the fact that it forces you to master a skill thatyou can use to generate 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 websites like Fiverr, Upwork, Legiit, etc. to get an idea

of what the popular gigs are.  So long as you have the skills to deliver 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 good job and deliver the job on time or sooner, you can bet you’ll have repeat customers. 

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

businesses. 

     

  1. Merchandise creation

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

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

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

While this description simplifies matters a lot, the purpose you need to note is

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

     

  1. Affiliate Advertising

If you don’t wish to make 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 witnessed 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 suppliers with your own branding.  

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

Business model, you’ll 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 require a budget to get started.  You’re looking at

Everywhere from 1k to 4k when you’re starting out.  You’ll need to run advertisingand so forth. 

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

product.  There are several 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 are skilful, you’ll be able to

generate 6 figures . 

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

It’s possible to 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 market requires marketing skills too.  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 may 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 internet business you can be proud of.

How Can You Make Free Money

Do I Want a Site to Succeed Online? 

This is a Very common question and can be asked by tens of thousands of beginners who are trying to build a business online.  Before answering this question, it is important to understand why it’s being asked. 

The answer To this is simple — it seems intimidating to construct a blog or site.  Newbies squirm at the notion of all the’tech’ involved.  In fact, with WordPress and all of the plugins available, building a web site is a breeze these days. 

If it seems Too formidable, you could even find a freelancer on a site like Fiverr or Legit to build a site for you for only $30 to $40.  It really is an easy procedure. 

By watching About 10 to 20 tutorials on YouTube (absolutely free), you’ll have a great idea of how to create pages and posts and so forth.  It really is easier than you believe. 

Now let’s Look at why a site is essential to succeed online.  Could you succeed without one?  Yes, you can… BUT it will be much more difficult and will take you longer.  Your chances of success would be slimmer too. 

     

  • Establishes authority and an online presence

Having a website gives you a 24/7 presence online and makes you seem

Like an authority in your niche.  Like Jay Conrad Levinson said,”Your site is your window of your enterprise.  Keep it fresh, keep it exciting.” 

     

  • Opportunities for passive income

When you have a website, you can replicate it with informative and useful

content.  By sprinkling affiliate links in the content, you will improve your

odds of making passive affiliate commissions. 

You never know who will be stumbling on your site and reading your

Content and curiously clicking on the links.  Yet, it happens all the time. 

     

  • Reduces your costs

Having a website will help mitigate your business costs.  If your blog is

Popular, you can have ads on it too.  These different income generating

opportunities will only be available to you if you’ve got a website. 

The extra income you make will help to defray the overall costs in your

Business and keep you in the green. 

     

  • Drives traffic and extends reach

 

A website can also be a form of traffic generation.  People who find your website Via the search engine or social networking properties can be led to your sales pages, landing pages, etc.. 

Your website is not just a hub for your viewers to hang out in, but

Will also act as a conduit to funnel them in to your listing or get them on your

sales pages and warmed up enough to buy your products. 

A site is available to people all over the world.  The same can not be Said for social or videos media sites which may be blocked in some countries.  You have a much wider reach. 

     

  • Helps you build a list

Even if you do video marketing, you can have a link on your video description To a landing page on your blog to capture email addresses.  You can then market to your list later on. 

The same applies to Pinterest, Instagram, etc..  Never build a home on

rented land.  You should always have links from other websites pointing to your

landing page/website so that you build your personal list. 

     

  • Aids with advertising

Another point to note is that a website lends credibility to your

business.  If you have a YouTube channel, a connected site will make

everything look more legitimate and help with your company immensely. 

 

For example, if you run a gardening station where you constantly put out

Videos on gardening hints and you have tens of thousands of followers by having a gardening site, you’ll have the ability to sell books on growing beautiful roses or vegetable gardening tips. 

This is just an example, but you get the point.  You need a website to

Sell your own products. 

By now you will realize that it is not a matter of if you need a website, But more of when you are going to build your own website.  Imagine your site to be a piece of virtual property that will generate profits and dividends for years to come. 

Does that sound exciting?  You bet it is.  So, cast your fears aside and

Go right ahead and build your online property.  You’ve Got online guests waiting to visit it.  Start on it today and you will have a gorgeous site in a few weeks.