How To Make Money Online For Free Huffington Post

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 make money online.  Unfortunately, all money-making methods are NOT made equivalent. 

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

Knowing Which business model to choose is crucial to succeeding online.  You don’t need to spend some time and effort trying to ice skate uphill.  It’s best to go with the 5 recognized online business models below. 

     

  1. Freelancing

If you’re on a tight budget, it’s best to start out with freelancing. The good thing about outsourcing is the fact that it forces you to master a skill which you can use to generate an income online. 

Ideally, your skills should be related to online 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 deliver similar

services, you’ll 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 earlier, you can bet you are going to have repeat customers. 

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

companies. 

     

  1. Product creation

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

For example, if you are 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 is just a matter of marketing to your niche audience.

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

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

     

  1. Affiliate Advertising

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

Each time you make a purchase.  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 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 suppliers 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..  Sites 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 demand a budget to get started.  You’re looking at

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

This is a Really profitable business model when you move on to a winning

product.  There are several 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 will 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 also.  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 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 internet business you can be proud of.