How Much Money Do Money Makers Make

5 Common Internet Business Models Simplified 

Most beginners

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

ways one can earn money online.  Unfortunately, all money-making methods are NOT made equivalent. 

Survey Sites, 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 extremely lucrative. 

Knowing Which business model to choose is crucial to succeeding online.  You don’t wantto devote some 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 limited budget, it’s best to begin with freelancing. The good thing about freelancing is 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

creation, 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 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 earlier, 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 finance your other online

businesses. 

     

  1. Product creation

Item creation is one of the fastest and most lucrative ways to build

An online income.  Once again, you may need skills and expertise.  

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

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

While this description simplifies matters 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 make an income online. 

     

  1. Affiliate Advertising

If you don’t 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

Every time you make a purchase.  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 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 together with your own branding.  

Another sort of ecommerce is called’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 goods with your designs and ship them out.  It’s a very hands-free procedure. 

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

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

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 . 

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 market requires marketing skills too.  It’s

Not all about being a good writer. 

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

Look like your cup of tea, you might research other business models like domaining, arbitrage, etc.. 

If you Pick 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.

How Much Money Do Money Makers Make

Do I Need a Website to Succeed Online? 

This is a Very common question and is asked by tens of thousands of beginners that are trying to construct a business online.  Before answering this question, it is important to understand why it is being asked. 

The answer To this is easy — it seems intimidating to construct a blog or blog.  Newbies squirm at the notion of all the’technician’ involved.  In reality, with WordPress and all the plugins available, building a web site is a breeze nowadays. 

If it seems Too formidable, you may even find a freelancer on a website like Fiverr or Legit to construct a website for you for only $30 to $40.  It really is a simple procedure. 

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

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

     

  • Establishes authority and an Internet presence

Having a website gives you a 24/7 presence online and makes you look Like a power in your niche.  Like Jay Conrad Levinson said,”Your websiteis your window of your business.  Keep it fresh, keep it exciting.” 

     

  • Opportunities for passive income

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

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

chances of making passive affiliate commissions. 

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

Content and curiously clicking on the hyperlinks.  Yet, it happens all of 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 accessible to you in the event that you have a website. 

The extra income you create will help to defray the overall costs on your

Company and keep you in the green. 

     

  • Drives traffic and extends reach

 

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

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

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

sales pages and warmed up enough to purchase your products. 

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

     

  • Helps you construct a list

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

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

rented land.  You must always have links from other sites pointing to your

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

     

  • Aids with advertising

Another point to notice is that a site lends credibility to your

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

everything seem more legitimate and help with your business immensely. 

 

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

Videos on gardening tips and you have tens of thousands of followers — by having a gardening website, you’ll be able to sell books on growing beautiful roses or vegetable gardening hints. 

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’s not an issue of if you need a website, But more of when you are going to build your own site.  Imagine your site to be a piece of virtual property that will generate profits and gains 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 have online guests waiting to visit it.  Start on it now and you’ll have a gorgeous site in a few weeks.