How To Make Tax Free Money Legally

5 Common Internet Business Models Simplified 

Most beginners

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

ways one can make money online.  Unfortunately, all money-making methods are NOT made equal. 

Survey Sites, 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 very lucrative. 

Knowing Which business model to choose is crucial to succeeding online.  You don’t wantto devote some time and effort trying to ice skate uphill.  It’s ideal to go with the 5 proven internet business models below. 

     

  1. Freelancing

If you’re on a limited 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 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.  As 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 good job and deliver the job on time or sooner, you can bet you’ll 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 fund your other online

companies. 

     

  1. Product creation

Item creation is one of the fastest and most lucrative ways to construct An online income.  Once again, you will need skills and experience.  

For example, if you’re into fitness or survival or you are really good at Building niche websites, you can 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.

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

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

of the best ways to make an income online. 

     

  1. Affiliate marketing

If you do not wish to make products and deal with customer service, 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 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 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 suppliers together with your own branding.  

Another type 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..  Sites like Custom Cat, Gear Bubble, etc will create the goods with your designs and ship them out.  It’s a very 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 will want to run advertisements and so forth. 

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

product.  There are many 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 be able 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 profits 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 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.

How To Make Tax Free Money Legally

What Do You REALLY Need to Build a Successful Internet Business? 

Building an Online business can seem like a convoluted and arduous process.  There are somany moving parts and you will need to get them all in working and functioning smoothly to begin generating profits. 

While there Is some truth to the scenario mentioned previously, the truth is that to build a successful online business requires only 5 components.  

The ‘make Money online’ scene is replete with courses and programs and’techspeak’ which only confuses and discombobulates most newcomers.  This’noise’ drowns out the fundamental concepts of internet marketing. 

In truth, The 5 elements below are all you actually need. 

     

  1. An informative and engaging blog

Having a website is a MUST.  It doesn’t matter whether you are doing Kindle Publishing or affiliate advertising using social networking websites, you absolutely MUST have a blog/website. 

This will enable you to build your list and a connection with your

audience.  The problem with relying on social networking accounts like Facebook or YouTube is that you’re going to be subject to their rules and they can throw you out at any time without warning. 

Thousands of people have lost their accounts and seen their businesses|companies} dry Up overnight because they put all their eggs in one basket… and it had been someone else’s basket. 

Build your own site which you could call your own.  This is crucial.

     

  1. Products you can sell or promote

To make money online, you need to sell something.  If you are an affiliate Marketer, you will be promoting other people’s goods — and once more, something needs to be sold for you to make a commission. 

No matter how you look at it, you are selling.  As obvious as this may

Noise, so many beginner marketers never appear to wrap their head around.  They’reso busy purchasing products and consuming information that they don’t realize they are NOT selling anything. 

You will not make a cent unless you sell.

     

  1. Traffic

Traffic is the lifeblood of any internet business.  Contrary to popular

Belief, a beautiful website and decent content alone are no guarantees.  You’ll need to actively generate traffic to your site. 

You can either use paid traffic (faster but more difficult/expensive to

Master) or free traffic which basically is either search engine optimization or

siphoning off traffic from more popular sites. 

You may do a mixture of both or concentrate on just one method.  Either way, you MUST make traffic creation a daily endeavor.  Do something each and every day thatwill contribute to generating traffic to your web properties. 

     

  1. A funding

People often scoff at quotes such as”It takes money to make money”… and

They use quotes such as”You do not lack resources.  You lack resourcefulness.” 

These self-help quotes aside, the truth of the matter is that you

Can’t multiply by zero.  You will need money to get a domain, cover hosting and an autoresponder.  If you’re doing paid advertising, you’ll need funds for that also. 

While the amount of money needed to build an Internet Business is a

Fraction of what you would need to construct a brick-and-mortar business, the reality is that it helps to have a couple hundred dollars on your budget when you’re starting out. 

So, if you have a day job, do save until you have some funds for your

business.  Do NOT be too quick to quit your day job.  Work at your job while

working on your business. 

When You earn enough online to equal your monthly salary at your day Job, you can decide if you wish to stop and go full-time. 

     

  1. A responsive email list

The final and most important component is your list.  There is no denying The efficiency of a responsive list.  A list of buyers (those who’ve purchasedfrom you before) is invaluable. 

Subscribe to a Trusted autoresponder service such as Aweber,

GetResponse, ConvertKit, etc. and build your list. 

These are the 5 basic factors which will decide if your internet Business takes off or fails.  Do give them the attention they need and your Company will soar in record time.