5 Common Internet 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.  Unfortunately, all money-making approaches are NOT made equal. 

Survey Sites, performing microtasks for pennies, etc., are largely 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 imperative to succeeding online.  You don’t wantto devote 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 are on a limited budget, it’s better to start out with freelancing. The good thing about outsourcing is the fact that it forces you to master a skill thatyou 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 websites like Fiverr, Upwork, Legiit, etc. to get an idea

of what the popular gigs are.  As long as you have the skills to provide 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 earlier, you can bet you’ll 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 finance your other online

companies. 

 

1. Merchandise creation

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

For Instance, if you’re into fitness or survival or you are 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 only a matter of marketing to your niche audience.

While this description simplifies things a lot, the point you need to 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 don’t wish to make products and deal with customer support, 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 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 providers with your own branding.  

Another type of ecommerce is called’Print On Demand’.  In this

Business model, you’ll create designs that will be printed on hats, mugs, shirts, etc..  Sites like Custom Cat, Gear Bubble, etc will create the products

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

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

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

This is a VERY 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 are skilful, you’ll have the ability to

generate 6 figures in royalties. 

You will also have to know how to outsource some of your writing so that

You can scale up faster.  The secret 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 also.  It’s

Not about being a good writer. 

These 5 business models are a fantastic 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.

        3 Common Difficulties Most Newbie Marketers

Trying to build

An internet business will ask you to master new skills and get several moving

parts in alignment for your business to be the a well-oiled machine. 

It can be

Intimidating when you discover how little you really know.  Every time you learn

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

It will

Almost seem like a never-ending procedure… but rest assured, that with time you’ll

master the fundamentals and get your ducks in a row.  Below you’ll find 3 common

issues that most beginner marketers face. 

When You’re

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

1.   Selecting a business model

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

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

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

more. 

The key to success faster than most of the other people online will

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

For Instance, if you prefer working for others, freelancing is appropriate

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

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

freelancers.  If you are good, you’ll be sought after. 

If You Want to build your own business where you are your own boss, you will

Need to look 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 courses and launch your own

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

 This is the key to unlocking your success online.  Do what you are 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 truth is that almost all of the technical details

are easy, once 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 online business just because you can not form a tech issue out.  Rest assured, there are tens of thousands of qualified and

reliable freelancers who can help you. 

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

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

searches or look on YouTube for tutorials. 

These 2 free tools are lifesavers.  Technical issues can seem

Intimidating, but don’t let them scare you off your online marketing path.

 There’s absolutely no rush.  Take your time and resolve them, or pay someone to do it for

you. 

3.   Learning to drive traffic

Traffic generation is one of those skills that you MUST possess if you

Wish to succeed online.  As you could hire agencies to do it for you, if you’re

a beginner, it will be costly. 

It’s far better to learn it yourself so that you don’t need to rely on other people.

The key to success with traffic generation will be to focus on one or two

methods.  Not more. 

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

ads.  As soon as you decide on the traffic generation method/s, stick with the chosen

ones until 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’ll snowball into

massive amounts of traffic. 

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

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

Will inevitably be yours.