How To Make A Little Extra Cash Online

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

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

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

The ‘make Money online’ scene is replete with classes and programs and’techspeak’ which only confuses and discombobulates most beginners.  This’sound’ drowns out the fundamental concepts of online marketing. 

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

     

  1. An informative and engaging blog

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

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

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

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

Build your own site that you could call your own.  This is vital.

     

  1. Products you can sell or promote

To make money on the internet, you have to sell something.  If you’re an affiliate Marketer, you will be promoting other people’s products — and once more, something has to be sold that you make a commission. 

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

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

You will not make a cent unless you sell.

     

  1. Traffic

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

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

You can either use paid visitors (faster but more difficult/expensive to

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

siphoning off traffic from more popular sites. 

You may do a mix of both or focus on just one method.  Either way, you MUST make traffic generation a daily endeavor.  Do something every single day which will contribute to creating 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 don’t lack resources.  You lack resourcefulness.” 

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

Can’t multiply by zero.  You will need money to buy a domain, cover hosting and an autoresponder.  If you are doing paid advertising, you will need funds for that too. 

While the amount of money needed to build an Internet Business is a

Fraction of what you would want to build a brick-and-mortar business, the truth is that it helps to have a few hundred dollars in your budget when you’re starting out. 

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

business.  Don’t be too fast to quit your day job.  Work at your job when working on your business. 

Once you earn enough online to rival your monthly salary at your day Job, you can decide if you wish to quit and go full-time. 

     

  1. A responsive email list

The final and most important component is the list.  There’s no denying The efficacy of a responsive list.  A list of buyers (those 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 internet Company takes off or fails.  Do give them the attention they require and your Business will soar in record time.

How To Make A Little Extra Cash Online

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 equivalent. 

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

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 best to go with the 5 recognized internet 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 thatyou can use to create an income online. 

Ideally, your skills must be related to internet marketing.  For example, 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 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 work on time or earlier, you can bet you are going to have repeat customers. 

As you become more popular, you can increase your rates and so forth.  The Money you earn from freelancing can be used to finance your other online

businesses. 

     

  1. Product creation

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

An internet income.  Once more, you will need skills and expertise.  

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

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

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

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

     

  1. Affiliate marketing

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 sale.  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 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 together with your own branding.  

Another sort of ecommerce is known as’Print On Demand’.  In this

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

with your designs and send them out.  It’s a really hands-free process. 

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

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

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 are skilful, you’ll be able to

generate 6 figures . 

You’ll also need to know how to outsource some of your writing so that

It’s possible to scale up faster.  The key to increasing your profits is to not only write yourself, but to hire other people to write for you. 

Selling on the Kindle market 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

Seem like your cup of tea, you may research other business models such as

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.