How To Hustle

5 Common Internet 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 equal. 

Survey Websites, performing microtasks for pennies, etc. are largely a waste of time and energy.  Whereas other methods such as affiliate marketing, arbitrage, product development, etc. are very rewarding. 

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 proven online business models below. 

     

  1. Freelancing

If you are on a tight budget, it’s better to begin with freelancing. The fantastic thing about outsourcing is the fact that it forces you to master a skill thatyou can use to create an income online. 

Ideally, your skills must be related to internet marketing.  For Instance, Digital graphic design, content creation, search engine optimization, video

creation, etc.. 

Visit freelance sites like Fiverr, Upwork, Legiit, etc. to get an idea

of what the popular gigs are.  As long as you have the skills to provide similar

services, you’ll 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 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 get from freelancing can be used to finance your other online

businesses. 

     

  1. Merchandise creation

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

An online income.  Once more, you may need skills and expertise.  

For Instance, if you’re 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 are good at. 

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

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

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

     

  1. Affiliate marketing

If you don’t wish to create 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 market 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 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 that will be printed on hats, mugs, shirts, etc..  Sites 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 are starting out.  You will need to run advertisingand so on. 

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 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 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 are focused and

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

How To Hustle

What Do You REALLY Need to Build a Successful Online Business? 

Building an Online business can seem like a complicated and arduous process.  There are somany moving parts and you will need to get them all in alignment and runningsmoothly to start generating profits. 

While there Is some truth to the scenario mentioned above, the reality is that to build a successful online business requires only 5 components.  

The ‘make Money online’ scene is replete with classes and apps and’techspeak’ which only confuses and discombobulates most newcomers.  This’noise’ drowns out the basic concepts of internet marketing. 

In truth, The 5 elements below are all you really need. 

     

  1. An informative and engaging blog

Having a website is a MUST.  It doesn’t matter whether you are doing Kindle Publishing or affiliate advertising using social media websites, you absolutely MUST have a blog/website. 

This will enable you to build your list and a relationship with your

audience.  The problem with relying on social networking accounts like Facebook or YouTube is that you’re going to be subject to their rules and they can throw you out at any time without warning. 

Thousands of people have lost their accounts and seen their businesses|companies} dry Up overnight because they put all their eggs in one basket… and it was someone else’s basket. 

Build your own site that you can call your own.  This is crucial.

     

  1. Products you can sell or promote

To make money online, you have to sell something.  If you are an affiliate Marketer, you will be promoting other people’s goods — and once more, something has to be sold that you make a commission. 

However you look at it, you are selling.  As obvious as this may

Noise, so many beginner marketers never appear to wrap their head around.  They’reso busy buying products and consuming information that they don’t realize they are NOT selling anything. 

You’ll not make a cent unless you sell.

     

  1. Traffic

Traffic is the lifeblood of any internet business.  Contrary to popular

Belief, a beautiful website and decent content alone are no guarantees.  You’ll have to actively generate traffic to your website. 

You can either use paid traffic (quicker but more difficult/expensive to

Master) or free traffic which basically is either search engine optimization or

siphoning off traffic from more popular sites. 

You may do a mix of both or concentrate on just one method.  Either way, you MUST make traffic creation a daily task.  Do something every single day thatwill contribute to generating traffic to your web properties. 

     

  1. A funding

People often scoff at quotes such as”It takes money to make money”… and

They use quotes such as”You do not lack resources.  You lack resourcefulness.” 

These self-help quotes aside, the truth of the matter is that you

Can’t multiply by zero.  You’ll need money to get a domainname, pay for hosting and an autoresponder.  If you’re doing paid advertising, you’ll need funds for that also. 

While the amount of money needed to build an online business is a

Fraction of what you’d need to build a brick-and-mortar business, the truth is that it helps to have a couple hundred dollars in your budget when you are starting out. 

So, if you have a day job, do save up until you have some funds for your

business.  Do NOT be too quick to quit your day job.  Work at your job while

working on your business. 

When You earn enough online to rival your monthly salary in your day Job, you can choose if you wish to quit and go full-time. 

     

  1. A responsive email list

The final and most important component is your list.  There’s no denying The efficacy of a responsive list.  A list of buyers (people who have purchasedfrom you before) is invaluable. 

Subscribe to a reliable autoresponder service such as Aweber,

GetResponse, ConvertKit, etc. and build your list. 

These are the 5 fundamental factors that will decide if your online

Company takes off or fails.  Do give them the attention they require and your Company will soar in record time.