How To Start A Side Hustle With No Money

5 Common Internet 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 approaches are NOT made equal. 

Survey Sites, performing microtasks for pennies, etc. are largely a waste of time and energy.  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 devote some time and effort trying to ice skate uphill.  It’s best to go with the 5 proven online business models below. 

     

  1. Freelancing

If you’re on a limited budget, it’s best to begin with freelancing. The fantastic thing about freelancing is that it forces you to master a skill which you can use to create 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.. 

Visit freelance websites like Fiverr, Upwork, Legiit, etc. to get an idea

of what the popular gigs are.  So 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 job on time or earlier, you can bet you’ll have repeat customers. 

As you become more popular, you can raise your rates and so forth.  The Money you get from freelancing can be used to fund your other online

companies. 

     

  1. Product creation

Product creation is among the fastest and most lucrative ways to construct An online 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 can write a book or create a course on what 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 purpose you need to 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 marketing

If you don’t wish to create products and deal with customer support, 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 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 to 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 with your own branding.  

Another sort 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..  Websites 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 get started.  You’re looking at

Everywhere from 1k to 4k when you are starting out.  You’ll want to run advertisements and so forth. 

This is a Really 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’re skilful, you’ll have the ability to

generate 6 figures . 

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

You can 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 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 might research other business models such as

domaining, arbitrage, etc.. 

If you choose 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 Start A Side Hustle With No Money

        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 function like a well-oiled machine. 

It can be

Intimidating when you find how little you know.  Each time you learn

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

It will

Almost appear to be a never-ending process… 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. 

Once you’re

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

1.   Choosing 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 one business model.  Ideally, you should select one that you may

be innately suited to. 

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

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

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

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

If you prefer to build your own business where you are your own boss, you’ll

Need to check at the skills you’ve got or your natural talents.  If you write well,

Kindle publishing might 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 secret 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 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 internet business just because you can’t

form a tech issue out.  Rest assured, there are thousands of qualified and

reliable freelancers who can assist you. 

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

To automating delivery of a product and 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 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 You Have to possess if you

Want to succeed online.  While you could hire agencies to do it for you, if you are a beginner, it will be costly. 

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

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

methods.  Not more. 

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

ads.  Once you choose the traffic generation method/s, stick to the selected ones until you see results. 

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

The basics, you’ll see trickles of traffic initially… and it’ll snowball into

enormous amounts of visitors. 

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

A proactive approach and take consistent focused action daily and online success

Will necessarily be yours.