How To Make Money From Apps In South Africa

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 largely a waste of time and effort.  Whereas other methods such as affiliate marketing, arbitrage, product development, etc. are extremely lucrative. 

Knowing Which business model to choose is imperative 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 recognized online business models below. 

     

  1. Freelancing

If you’re on a tight budget, it’s best to begin with freelancing. The good 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 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.  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 customers Will hire you, and if you do a fantastic 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 forth.  The Money you earn from freelancing can be used to fund your other online

companies. 

     

  1. Product creation

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

An online income.  Once more, you will need skills and experience.  

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’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 don’t 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

Each 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 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 sort of ecommerce is known as’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 very hands-free procedure. 

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

Anywhere 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 latch 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 have the ability to

generate 6 figures . 

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

You can 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 market 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

Look like your cup of tea, you may research other business models like domaining, arbitrage, etc.. 

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

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

How To Make Money From Apps In South Africa

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

Building an Online business can seem like a convoluted and arduous procedure.  There are several moving parts and you will need to get them all in working and functioning smoothly 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 courses and programs and’techspeak’ which only confuses and discombobulates most newcomers.  This’sound’ drowns out the fundamental concepts of internet marketing. 

In truth, The 5 components 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 marketing using social media sites, you absolutely MUST have a blog/website. 

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

audience.  The issue 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 noticed 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 could call your own.  This is crucial.

     

  1. Products you can sell or market

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 more, something has to be sold for you to make a commission. 

No matter how you look at it, you’re selling.  As obvious as this may

Noise, so many beginner marketers never seem to wrap their head around.  They are so busy purchasing products and consuming information that they fail to 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 decent content alone are no guarantees.  You’ll have to actively create traffic to your site. 

You can either use paid visitors (quicker 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 mixture of both or focus on just one method.  Either way, you MUST make traffic generation a daily task.  Do something each and every day thatwill contribute to creating traffic to your web properties. 

     

  1. A funding

People often scoff at estimates 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

Cannot multiply by zero.  You’ll need money to get a domain, cover hosting and an autoresponder.  If you’re 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 on your budget when you are starting out. 

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

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

Once you earn enough online to rival your monthly salary in 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’s no denying The efficiency of a responsive list.  A list of buyers (those who have 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 basic factors which will decide if your internet Business takes off or fails.  Do give them the attention they require and your Business will soar in record time.