5 Common Online 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 approaches are NOT made equal. 

Survey Sites, performing microtasks for pennies, etc. are largely a waste of time and effort.  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 need to devote 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 are on a limited 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 generate an income online. 

Ideally, your skills should be related to online 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 provide 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 work on time or earlier, 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

companies. 

 

1. Product creation

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

An online income.  Once again, you will need skills and experience.  

For example, if you are into fitness or survival or you’re really good at Building niche sites, you can write a book or create a course on what you’regood at. 

From there, it is only 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 real products is one

of the best ways to make 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

Each time you make a sale.  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 together 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 ship them out.  It’s a very hands-free process. 

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

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

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

product.  There are several 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 have the ability 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 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 also.  It’s

Not all 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 may research other business models like domaining, arbitrage, etc.. 

If you Pick a legitimate business model and you are focused and

Consistent, you may reap the rewards and have an online business you can be proud of.

        3 Common Difficulties Most Newbie Marketers

Trying to build

An online business will require you to master new skills and get several moving

parts in alignment for your company to function like a well-oiled machine. 

It can be

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

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

It will

Almost appear to be a never-ending procedure… but rest assured, that with time you’ll

master the basics and get your ducks in a row.  Below you will find 3 common

issues that most beginner marketers face. 

Once 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 will need to make.  There is

A myriad of methods when it comes to making money online.  There’s freelancing,

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

more. 

The key to succeeding faster than most of the other people on the internet will

Be to focus on one business model.  Ideally, you should select one which you may

be innately suited to. 

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

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 will be sought after. 

If you prefer to build your own business where you’re your own boss, you will

Need to look at the skills you have or your natural talents.  If you write well,

Kindle publishing might be calling your name. 

If you enjoy teaching others, you can create classes 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’re naturally

good at. 

2.   Mastering the ‘tech stuff’

Countless newbies quit on their internet marketing dreams just because

the tech stuff overwhelms them.  The reality 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 simply because you can not sort a tech issue out.  Rest assured, there are tens of thousands of qualified and

reliable freelancers who can help you. 

Typically, you can learn just about anything from setting up a blog

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

searches or look on YouTube for tutorials. 

These 2 free resources are lifesavers.  Technical issues can seem

Intimidating, but do not let them scare you off your online marketing path.

 There is not any rush.  Take your time and fix them, or pay someone to do it for

you. 

3.   Learning to drive traffic

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

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

a beginner, it will be costly. 

It’s better to learn it yourself so you do not have to rely on others.

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 choose the traffic generation method/s, stick with the selected ones before you see results. 

It may take time for you to get the hang of things, but once you master

The fundamentals, you will see trickles of traffic initially… and it is going to snowball into

enormous amounts of visitors. 

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 necessarily be yours.