How To Earn Money Weekly

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 mostly a waste of time and effort.  Whereas other methods like affiliate marketing, arbitrage, product creation, etc. are very lucrative. 

Knowing Which business model to choose is imperative to succeeding online.  You don’t wantto spend some time and effort trying to ice skate uphill.  It’s ideal to go with the 5 recognized internet business models below. 

     

  1. Freelancing

If you’re on a limited budget, it’s best to begin with freelancing. The fantastic thing about outsourcing is the fact that it forces you to master a skill which you 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 provide similar

services, you’ll have the ability 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 sooner, you can bet you are going to have repeat customers. 

As you become more popular, you can increase your rates and so on.  The Money you get from freelancing can be used to fund 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 Instance, if you’re into fitness or survival or you are really good at Building niche websites, you can write a book or create a course on which you’regood at. 

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

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

that creating and launching your own infoproducts or real products is one

of the best ways to make an income online. 

     

  1. Affiliate Advertising

If you do not 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

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 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..  Websites like Custom Cat, Gear Bubble, etc will create the goods with your designs and ship them out.  It’s a really hands-free procedure. 

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

Anywhere from 1k to 4k when you’re starting out.  You will need to run advertisements and so forth. 

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

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

generate 6 figures . 

You will also need 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 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 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 Earn Money Weekly

        3 Common Difficulties Most Newbie Marketers

Trying to build

An online business will require you to master new skills and get several moving

parts in alignment for your business to function like a well-oiled machine. 

It can be

Intimidating when you discover how little you really know.  Every time you learn

something new, there will be something else that you need to figure out. 

It will

Almost appear to be a never-ending process… but rest assured, that with time you’ll

master the basics and get your ducks in a row.  Below you will find 3 common

difficulties that most beginner marketers face. 

Once you’re

Aware of what these are, you will know what to do. 

1.   Choosing a business model

This is by far the most important decision you will need to make.  There is

A myriad of methods when it comes to earning money online.  There is freelancing,

arbitrage, product creation, ecommerce, Kindle publishing, domaining and much

more. 

The key to success faster than most of the other people on the internet will

Be to focus on a single business model.  Ideally, you should pick one which you may

be innately suited for. 

For example, if you prefer working for others, freelancing is appropriate

for you.  There are many freelancers such as writers, copywriters, graphic

designers, software designers who make 5 to 6 figure sums working as

freelancers.  If you’re good, you will be sought after. 

If You Want to build your own business where you are your own boss, you’ll

Need to look at the skills you have or your natural talents.  If you write well,

Kindle publishing might be calling your name. 

If you enjoy teaching others, you can create classes and launch your own

products.  So, ask yourself what you truly enjoy doing and what you’re good at.

 This is the secret to unlocking your success online.  Do what you’re naturally

good at. 

2.   Mastering the ‘tech stuff’

Countless newbies quit on their internet marketing dreams just because

the tech stuff overwhelms them.  The truth is that most of the technical details

are easy, once you know how. 

And if you really do not want to do it, you can always hire a freelancer

to do it for you.  Never quit on your online business simply because you can’t

sort a tech issue out.  Rest assured, there are thousands of qualified and

reliable freelancers who can help you. 

Typically, you can learn just about anything from setting up a blog

To automating delivery of a product and much more, just by doing a few Google

searches or look on YouTube for tutorials. 

These 2 free resources are lifesavers.  Technical issues can seem

Intimidating, but don’t let them scare you off your internet marketing path.

 There is not any rush.  Take your time and resolve them, or pay someone to do it for

you. 

3.   Learning How to drive traffic

Traffic generation is one of those abilities You Have to possess if you

Wish to succeed online.  While you could hire agencies to do it for you, if you are a beginner, it’ll be costly. 

It’s better to learn it yourself so that you do not need to rely on other people.

The secret to success with traffic generation will be to focus on a couple of methods.  Not more. 

For example, you may choose to focus on Pinterest advertising and Facebook

ads.  As soon as you choose the traffic generation method/s, stick to the selected ones until you see results. 

It may take time for you to get the hang of things, but once you master

The basics, you’ll see trickles of traffic initially… and it is going to snowball into

enormous amounts of visitors. 

The 3 difficulties mentioned above are nothing to be concerned about.  Adopt

A proactive strategy and take consistent concentrated action daily and online success

Will inevitably be yours.