5 Common Online Business Models Simplified 

Most beginners

Who are new to online marketing tend to get overwhelmed by the sheer number of

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

Survey Sites, performing microtasks for pennies, etc., are mostly 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 devote 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 limited budget, it’s better to begin 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 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.  So 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 work on time or earlier, you can bet you are going to have repeat customers. 

As you become 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. Product creation

Product creation is one of the fastest and most lucrative ways to construct An internet income.  Once more, you will need skills and experience.  

For Instance, 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 purpose 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 marketing

If you do not wish to create products and deal with customer support, that is understandable.  You’ll probably 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 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 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..  Websites like Custom Cat, Gear Bubble, etc will create the products

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

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

Everywhere from 1k to 4k when you are starting out.  You will need to run advertisements and so forth. 

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 need 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 employ others to write for you. 

Selling on the Kindle market requires marketing skills too.  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’re focused and

Consistent, you may reap the rewards and have an online business you can be proud of.

        3 Common Difficulties Most Newbie Marketers

Trying to build

An online business will require you to master new skills and get several moving

parts in alignment for your company to function like a well-oiled machine. 

It can be

Intimidating when you discover how little you know.  Each time you learn

something new, there will be something else that you need to figure out. 

It will

Almost seem like a never-ending process… but rest assured, that with time you will master the basics and get your ducks in a row.  Below you will find 3 common

issues that many beginner marketers face. 

Once you’re

Aware of what these are, you will know what to do. 

1.   Selecting a business model

This is by far the most important decision you’ll need to make.  There is

A myriad of methods when it comes to earning money online.  There’s freelancing,

arbitrage, product development, ecommerce, Kindle publishing, domaining and much

more. 

The key to succeeding faster than most of the other people on the internet will

Be to focus on a single business model.  Ideally, you should pick one which you could be innately suited to. 

For example, if you prefer working for others, freelancing is suitable

for you.  There are numerous freelancers such as writers, copywriters, graphic

designers, software designers that make 5 to 6 figure sums working as

freelancers.  If you’re good, you will be sought after. 

If You Want to build your own company where you’re your own boss, you will

Need to check at the skills you have or your natural abilities.  If you write well,

Kindle publishing may be calling your name. 

If you enjoy teaching others, you can create classes and launch your own

products.  So, ask yourself what you truly enjoy doing and what you are good at.

 This is the secret to unlocking your success online.  Do what you’re naturally

good at. 

2.   Mastering the ‘tech stuff’

Thousands of newbies quit on their online marketing dreams just because

the tech stuff overwhelms them.  The reality is that most of the technical details

are easy, when you know how. 

And if you really do not want to do it, you can always hire a freelancer

to do it for you.  Never quit on your internet business simply because you can’t

sort a tech issue out.  Rest assured, there are thousands of qualified and

reliable freelancers who can assist you. 

In most cases, you can learn just about anything from setting up a blog

To automating delivery of a product and much more, just by doing a few Google

searches or look on YouTube for tutorials. 

These 2 free resources are lifesavers.  Technical issues can seem

Intimidating, but do not let them scare you off your internet marketing path.

 There is not any rush.  Take your time and fix them, or pay someone to do it for

you. 

3.   Learning How to drive traffic

Traffic generation is one of those abilities You Have to possess if you

Wish to succeed online.  As you could hire agencies to do it for you, if you are a beginner, it’ll be costly. 

It’s far better to learn it yourself so that you do not have to rely on other people.

The key to succeeding with traffic generation will be to concentrate on one or two

methods.  Not more. 

For example, you may choose to focus on Pinterest marketing and Facebook

ads.  As soon as you choose the traffic generation method/s, stick to the selected ones before you see results. 

It may take time for you to get the hang of things, but once you master

The basics, you will see trickles of traffic … and it is going to snowball into

enormous amounts of visitors. 

The 3 difficulties mentioned above are nothing to be worried about.  Adopt

A proactive approach and take consistent concentrated action daily and online success

Will necessarily be yours.