How To Make Money And Not Work

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

Building an Online business can seem like a convoluted 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 reality is that to create 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’noise’ drowns out the fundamental concepts of internet marketing. 

In truth, The 5 components below are all you actually 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 networking 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 media 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 had been someone else’s basket. 

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

     

  1. Products you can sell or promote

To make money online, you need to sell something.  If you are an affiliate Marketer, you’ll be promoting other people’s products — and once again, 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 are so busy purchasing products and consuming information that they don’t realize they’re NOT selling anything. 

You’ll not make a cent if you don’t sell.

     

  1. Traffic

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

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

You can either use paid visitors (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 mixture of both or concentrate on just one method.  Either way, you MUST make traffic generation a daily endeavor.  Do something each and every day thatwill 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 quotations such as”You don’t lack resources.  You lack resourcefulness.” 

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

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

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

Fraction of what you’d want 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. 

Therefore, if you have a day job, do save up 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. 

When You earn enough online to equal your monthly salary at your day Job, you can choose if you would like to stop and go full-time. 

     

  1. A responsive email list

The last and most important component is the list.  There is no denying The efficacy of a responsive list.  A list of buyers (those who’ve bought from 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 need and your Business will soar in record time.

How To Make Money And Not Work

5 Common Online Business Models Simplified 

Most beginners

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

ways one can earn money online.  Regrettably, all money-making approaches are NOT made equal. 

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

Knowing Which business model to choose is crucial to succeeding online.  You don’t need to devote time and effort trying to ice skate uphill.  It’s ideal to go with the 5 proven internet business models below. 

     

  1. Freelancing

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

Ideally, your skills must be related to internet marketing.  For example, 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 provide 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 on.  The Money you get from freelancing can be used to finance your other online

companies. 

     

  1. Product creation

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

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

From there, it is 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 make an income online. 

     

  1. Affiliate Advertising

If you do not 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

Each 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 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 sort 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..  Websites like Custom Cat, Gear Bubble, etc will create the goods with your designs and ship them out.  It’s a very 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’ll need to run advertisements and so forth. 

This is a VERY 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’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

It’s possible to 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 like domaining, arbitrage, etc.. 

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

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