How To Get Extra Money

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

Survey Sites, performing microtasks for pennies, etc., are mostly a waste of time and energy.  Whereas other methods like affiliate marketing, arbitrage, product creation, etc. are very rewarding. 

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 ideal to go with the 5 recognized online business models below. 

     

  1. Freelancing

If you’re on a limited budget, it’s better to start out with freelancing. The fantastic thing about freelancing is that it forces you to master a skill which you can use to create an income online. 

Ideally, your skills should be related to online marketing.  For example, 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.  As long as you have the skills to deliver similar

services, you will have the ability 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 job on time or earlier, you can bet you are going to 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. Product creation

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

An internet income.  Once more, you may need skills and experience.  

For example, if you are 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’regood at. 

From there, it’s only 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 tangible products is among the best ways to create 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 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 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 goods with your designs and ship them out.  It’s a very hands-free process. 

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

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

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

product.  There are many 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 are skilful, you’ll be able 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 secret to increasing your profits is to not only write yourself, but to employ 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 fantastic place to start from.  If none of them

Look 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 are focused and

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

How To Get Extra Money

Do I Need a Site to Succeed Online? 

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

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

If it seems Too formidable, you may even find a freelancer on a site like Fiverr or Legit to build a site for you for just $30 to $40.  It really is an easy 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 necessary to succeed online.  Can you succeed without one?  Yes, you could… BUT it will be more challenging and will take you more.  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 an authority in your niche.  Like Jay Conrad Levinson said,”Your site is your 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 useful

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

odds of making passive affiliate commissions. 

You never know who’ll be stumbling on your Website and reading your

Content and curiously clicking on the links.  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 available to you if you’ve got a website. 

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

Company 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 Through 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 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 warmed up enough to purchase your products. 

A site is available to people all over the world.  The same can’t be Said for social or videos networking sites which may 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 on 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 home 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 marketing

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

business.  For those who have a YouTube channel, a connected site will make

everything look more legitimate and assist with your company immensely. 

 

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

Videos on gardening tips and you have tens of thousands of followers by having a gardening site, 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 Will Need a website to

Sell your own products. 

By now you’ll realize that it’s not a matter of if you need a website, But more of when you are going to build your own website.  Imagine your site 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 right ahead and build your online property.  You’ve Got online guests waiting to visit it.  Start on it now and you’ll have a beautiful site in a couple of weeks.