How To Find A Side Hustle

5 Common Internet Business Models Simplified 

Most beginners

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

ways one can make money online.  Regrettably, all money-making methods are NOT made equal. 

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

Knowing Which business model to choose is crucial to succeeding online.  You don’t need to spend 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 tight budget, it’s best to start out 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 should be related to internet marketing.  For example, Digital graphic design, content creation, search engine optimization, video

production, etc.. 

Go to 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 good job and deliver the work 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 get from freelancing can be used to fund your other online

businesses. 

     

  1. Merchandise creation

Item creation is among the fastest and most lucrative ways to build

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

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

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

While this description simplifies things a lot, the point you need to note is

that creating and launching your own infoproducts or real 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 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 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 into sales and commissions for you. 

     

  1. Ecommerce

Ecommerce has witnessed 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 type 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..  Sites like Custom Cat, Gear Bubble, etc will create the products

with your designs and send 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’re starting out.  You will want to run advertisingand so on. 

This is a VERY 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’re skilful, you’ll have the ability to

generate 6 figures in royalties. 

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 hire 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 might research other business models such as

domaining, arbitrage, etc.. 

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

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

How To Find A Side Hustle

Do I Want a Website to Succeed Online? 

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

The answer To this is simple — it sounds intimidating to build a blog or blog.  Newbies squirm at the thought of the’tech’ involved.  In fact, with WordPress and all of the plugins available, building a web site is a breeze nowadays. 

If it seems Too formidable, you may even find a freelancer on a site like Fiverr or Legit to construct a website for you for just $30 to $40.  It really is an easy process. 

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

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

     

  • Establishes authority and an Internet 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 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’ll be stumbling on your Website 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 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 have 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.  Individuals who find your website Via the search engine or social media properties can be contributed 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 into your listing or get them on your

sales pages and heated up enough to buy your products. 

A website is available to people all around the world.  The same can not be Said for videos or social 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 advertisements, you can have a link in your video description To a landing page on your blog to capture email addresses.  You can then market to your list in the future. 

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

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

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

     

  • Aids with advertising

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

business.  For those who 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 thousands of followers — by having a gardening website, you’ll be able to sell books on growing beautiful roses or vegetable gardening tips. 

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

Sell your own products. 

By now you’ll 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 website to be a piece of virtual real estate which 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 will have a gorgeous site in a couple of weeks.