How To Make Money On The Weekends

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 make money online.  Regrettably, all money-making approaches are NOT made equivalent. 

Survey Websites, performing microtasks for pennies, etc. are mostly a waste of time and energy.  Whereas other methods such as affiliate marketing, arbitrage, product creation, etc. are extremely lucrative. 

Knowing Which business model to choose is crucial to succeeding online.  You don’t wantto devote 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 are on a tight budget, it’s best 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 should be related to online marketing.  For Instance, Digital graphic design, content creation, search engine optimization, video

creation, etc.. 

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

of what the popular gigs are.  So 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 job on time or sooner, you can bet you’ll have repeat customers. 

As you get 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. Merchandise creation

Product creation is among the fastest and most lucrative ways to build

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

For example, 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.

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

that creating and launching your own infoproducts or real products is one

of the best ways to make an income online. 

     

  1. Affiliate marketing

If you don’t 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

Each time you make a sale.  There are thousands of products to promote 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 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 goods with your designs and send them out.  It’s a really hands-free procedure. 

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

Anywhere from 1k to 4k when you are starting out.  You will want to run advertisingand so on. 

This is a VERY profitable business model when you latch 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 . 

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

It’s possible to scale up faster.  The secret to increasing your earnings is to not only write yourself, but to employ other people 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

Look like your cup of tea, you might research other business models such as

domaining, arbitrage, etc.. 

If you choose 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.

How To Make Money On The Weekends

4 Crucial Skills You Will Require to Succeed Online 

 

It’s common

To see people posting questions on social media to boost engagement.  One of the

most common questions posed is,”What skills do you have to succeed online?” 

Invariably,

You’ll see people mention copywriting or paid advertisements or advertising… and other such

skills.  While those are important skills, there are 4 inherent abilities that you absolutely MUST have before the remainder will work for you. 

If you’re a

Beginner to internet marketing, it’s even more important that you possess these

skills.  Below you will see 4 crucial skills you will need.  It might appear obvious to you, but you will be amazed at how most people drop the ball . 

They get so

Busy focusing on marketing-related skills which the neglect that the four basics below.   Know about these skills and hone them to your benefit.3

     

  1. Learning the ropes

To be successful online, you ought to be a good student.  This is the first Skill you must develop. 

Choose 1 business model and examine it well.  Proceed into it and

discover the nuances and methods involved. 

It’s good to have a broad idea of what’s required.  For example, if you’ve Decided to attempt ecommerce and you’re going with dropshipping, you will need to

understand how to: build a store, select products that will sell well, source for suppliers, ensure product delivery with your branding, provide customer

service, process refunds, etc.. 

You’ll need to know every part of the business model.  This may seem Intimidating, but you don’t need to learn everything at one time.  The best way to go about it’s going to be to learn in stages. 

Which brings us to another point…

     

  1. Implementing the techniques taught

When you learn how to build a shop, go ahead and build it even if you

Don’t have any products to sell.  You must put on the knowledge you’ve learned… and you should do it as soon as possible. 

Building an online business is all about taking steps even when you can not

See the entire staircase.  This will require courage and faith, but that is just how it is. 

Once you build your shop out, you can start finding products to populate

Your store, and then it’s an issue of promotion and fulfilment and so on. 

This principle applies to all online business models.  Learn a bit and

Then do a bit… then find out a bit more and do somewhat more.  You’ll learn by doing. 

If you try and finish all the theory before you start, you will be

Overwhelmed and may never start.  Application of knowledge is the next ability. 

     

  1. Iterating your way to success

Iteration is another word for copying… but in this case, we repeating

The process to get a series of outcomes.  Here’s the hard truth — not every product you try to sell will succeed. 

In actuality, for 10 goods you try, just 1 may be a winner.  This is normal.  As you get better, you’ll develop a nose to sniff out winning products, but even then, you’ll have duds. 

The same applies to many other online companies.  This is a numbers

game.  Not every book you write will sell well.  Not every domain you buy will be

sold for thousands… and not every product you launch will be a winner. 

That shouldn’t stop you from trying over and over.  The more you create, The more winners you will have.  Study your failures and mistakes and analyzewhat went wrong.  From there, it’s just a matter of making changes and tweaks to enhance your performance. 

Repetition is the mother of skill… and it’s the third one you must master. 

     

  1. Scaling up

The final skill assumes that you’ve already built a successful online

Company that making decent profits.  However, to go from 4 figures a month to 5 or 6 figures will ask you to scale up. 

This is a skill on its own.  You’ll need to manage your budget, outsource Several tasks, automate processes, and sell more goods either by upselling or cross-selling. 

You Might Need to increase your marketing budget or hire a team of writers, etc.. 

More profits requires more work.  Since your time and energy is finite,

You’ll need to learn how to scale up.  Once you master this skill, the sky is the limit for your company. 

Pay attention to those 4 crucial skills and master them.  You don’t need to Do everything at once, but you’ll certainly need master them all to reach online Success in the long run.  Get started today.