How To Build A Side Hustle

5 Common Online Business Models Simplified 

Most beginners

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

ways one can make money online.  Unfortunately, all money-making approaches are NOT made equivalent. 

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 spend 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 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 provide similar

services, you will 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’ll have repeat customers. 

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

businesses. 

     

  1. Merchandise creation

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

An internet income.  Once again, you will 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 are good at. 

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

While this description simplifies things a lot, the purpose you should note is

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

     

  1. Affiliate marketing

If you do not wish to make products and deal with customer service, 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

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 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 providers together with your own branding.  

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

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

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

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

This is a VERY profitable business model when you move 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 have the ability to

generate 6 figures in royalties. 

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

You can scale up faster.  The secret to increasing your profits is to not only write yourself, but to hire others to write for you. 

Selling on the Kindle marketplace requires marketing skills also.  It’s

Not all 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 like domaining, arbitrage, etc.. 

If you Pick 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 To Build A Side Hustle

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 construct a business online.  Before answering this question, it’s important to knowwhy it’s being asked. 

The answer To this is easy — it sounds intimidating to build a blog or site.  Newbies squirm at the notion of the’technician’ involved.  In fact, with WordPress and all 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 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 create pages and posts and so on.  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 could… BUT it will be much more difficult and will take you more.  Your chances of success would be thinner too. 

     

  • Establishes authority and an online 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 site is the 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 helpful 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 Website and reading your

Content and curiously clicking on the hyperlinks.  However, it happens all of the time. 

     

  • Reduces your costs

Having a website will help mitigate your organization 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’ve got a website. 

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

Business and keep you in the green. 

     

  • Drives traffic and extends reach

 

A site is also 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 website is not just a hub for your audience 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 heated up enough to purchase your products. 

A site is available to people all around the world.  The same can not be Said for videos or social media sites which might 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 in your video description To a landing page on your site to capture email addresses.  You can then market to your list in the future. 

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 note is that a site lends credibility to your

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

everything look more legitimate and help with your business immensely. 

 

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

Videos on gardening tips and you have tens of thousands of followers by having a gardening website, 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’ll realize that it is not an issue of if you need a website, But more of when you are going to build your own site.  Imagine your website 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 ahead and build your online property.  You have online guests waiting to visit it.  Start on it now and you’ll have a beautiful site in a couple of weeks.