How To Make Money Passively Online

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

Survey Websites, performing microtasks for pennies, etc., are largely a waste of time and effort.  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 spend time and effort trying to ice skate uphill.  It’s best to go with the 5 proven internet 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 generate 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.. 

Visit 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’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 fantastic 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 forth.  The Money you get from freelancing can be used to finance your other online

companies. 

     

  1. Merchandise creation

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

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

For Instance, 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 only 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 tangible products is one

of the best ways to create an income online. 

     

  1. Affiliate Advertising

If you don’t wish to create 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

Every 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 witnessed 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 type 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..  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 require a budget to begin.  You’re looking at

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

This is a Really profitable business model when you latch 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 are skilful, you’ll be able to

generate 6 figures . 

You’ll 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 profits is to not only write yourself, but to hire others to write for you. 

Selling on the Kindle marketplace requires marketing skills too.  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 Pick a legitimate business model and you’re focused and

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