5 Common Online 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.  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 wantto spend some time and effort trying to ice skate uphill.  It’s best to go with the 5 recognized internet business models below. 

 

1. Freelancing

If you’re on a limited 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 should be related to online marketing.  For Instance, Digital graphic design, content creation, search engine optimization, video

production, etc.. 

Go to freelance sites 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 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 increase your rates and so forth.  The Money you earn from freelancing can be used to fund your other online

businesses. 

 

1. Product creation

Item creation is among the fastest and most lucrative ways to construct An internet income.  Once again, you may need skills and expertise.  

For example, if you are 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’regood at. 

From there, it’s 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 tangible 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 service, 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 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 together with your own branding.  

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

Business model, you’ll create designs that will be printed on hats, mugs, shirts, etc..  Websites like Custom Cat, Gear Bubble, etc will create the products

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

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

This is a Really 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’re skilful, you’ll have the ability 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 secret to increasing your profits is to not only write yourself, but to employ other people to write for you. 

Selling on the Kindle market requires marketing skills also.  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 may research other business models like domaining, arbitrage, etc.. 

If you Pick a legitimate business model and you are focused and

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

        3 Common Difficulties Most Newbie Marketers

Trying to build

An internet business will ask you to master new skills and get several moving

parts in alignment for your company to be the a well-oiled machine. 

It can be

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

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

It will

Almost appear to be a never-ending procedure… but rest assured, that with time you will master the basics and get your ducks in a row.  Below you’ll find 3 common

issues that most beginner marketers face. 

Once you’re

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

1.   Selecting a business model

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

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

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

more. 

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

Be to focus on a single business model.  Ideally, you should pick one that you could be innately suited for. 

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

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

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

freelancers.  If you are good, you will be sought after. 

If you prefer to build your own company where you are your own boss, you’ll

Need to check at the skills you’ve got or your natural talents.  If you write well,

Kindle publishing may be calling your name. 

If you enjoy teaching others, you can create courses 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 are naturally

good at. 

2.   Mastering the ‘tech stuff’

Thousands of newbies quit on their internet marketing dreams just because

the tech stuff overwhelms them.  The reality 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 just because you can’t

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

dependable freelancers who can assist you. 

In most cases, 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 tools are lifesavers.  Technical issues can seem

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

 There’s absolutely no rush.  Take your time and fix them, or pay someone to do it for

you. 

3.   Learning How to drive traffic

Traffic generation is one of those skills that you MUST possess if you

Wish to succeed online.  While you could hire agencies to do it for you, if you’re

a beginner, it’ll be costly. 

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

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

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

ads.  Once you choose the traffic generation method/s, stick with the selected ones before you see results. 

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

The basics, you will see trickles of traffic … and it’ll snowball into

enormous amounts of traffic. 

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

A proactive approach and take consistent focused action daily and online success

Will necessarily be yours.