How To Turn Money Into Money

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 earn money online.  Regrettably, all money-making approaches are NOT made equivalent. 

Survey Sites, performing microtasks for pennies, etc. are mostly a waste of time and effort.  Whereas other methods like affiliate marketing, arbitrage, product development, etc. are very rewarding. 

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 recognized online business models below. 

     

  1. Freelancing

If you are on a tight budget, it’s better to begin with freelancing. The good thing about outsourcing is the fact that it forces you to master a skill which you can use to create an income online. 

Ideally, your skills should 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 deliver similar

services, you’ll be able to make money. 

It may take you a while to gain traction, but sooner or later customers Will hire you, and if you do a fantastic job and deliver the work on time or earlier, you can bet you are going to have repeat customers. 

As you get more popular, you can increase your rates and so on.  The Money you get from freelancing can be used to finance your other online

businesses. 

     

  1. Merchandise creation

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

An internet income.  Once more, you may need skills and experience.  

For example, 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’regood at. 

From there, it is only a matter of marketing to your niche audience.

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

that creating and launching your own infoproducts or tangible products is among the best ways to create an income online. 

     

  1. Affiliate Advertising

If you don’t wish to create 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 which 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 procedure. 

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 advertisements and so forth. 

This is a Really profitable business model when you latch 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

You can scale up faster.  The key to increasing your earnings is to not only write yourself, but to employ other people to write for you. 

Selling on the Kindle marketplace 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

Look like your cup of tea, you might research other business models such as

domaining, arbitrage, etc.. 

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

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

How To Turn Money Into Money

Do I Want a Site to Succeed Online? 

This is a Very common question and is asked by tens of thousands of beginners who are trying to build a business online.  Before answering this question, it’s important to understand why it is being asked. 

The answer To this is easy — it seems intimidating to construct a blog or blog.  Newbies squirm at the thought of the’technician’ involved.  In fact, with WordPress and all of the plugins available, building a website is a breeze nowadays. 

If it seems Too formidable, you could even find a freelancer on a website like Fiverr or Legit to build a website for you for just $30 to $40.  It really is a simple process. 

By watching About 10 to 20 tutorials on YouTube (absolutely free), you’ll have a great idea of how to make posts and pages and so on.  It really is easier than you believe. 

Now let’s Look at why a site is necessary to succeed online.  Can you succeed without one?  Yes, you can… BUT it will be much more difficult and will take you more.  Your odds of success would be thinner too. 

     

  • Establishes authority and an Internet presence

Having a website gives you a 24/7 presence online and makes you look Like a power in your niche.  Like Jay Conrad Levinson said,”Your site is your window of your enterprise.  Keep it fresh, keep it exciting.” 

     

  • Opportunities for passive income

When you have a website, you can replicate it with informative and useful

content.  By sprinkling affiliate links in the content, you will improve your

chances of making passive affiliate commissions. 

You never know who’ll be stumbling on your Website and reading your

Content and curiously clicking on the links.  Yet, it happens all the time. 

     

  • Reduces your costs

Having a website will help mitigate your organization costs.  If your blog is

Popular, you can have ads on it as well.  These different income generating

opportunities will only be accessible to you if you have a website. 

The extra income you make will help to defray the overall costs in your

Business and keep you in the green. 

     

  • Drives traffic and extends reach

 

A website can also be a form of traffic generation.  Individuals who find your website Through the search engine or social media properties can be led to your sales pages, landing pages, etc.. 

Your website is not just a hub for your viewers to hang out in, but

Will also act as a conduit to funnel them into your list or get them on your

sales pages and heated up enough to buy your products. 

A website is available to people all around the world.  The same can’t be Said for social or videos networking sites which might be blocked in some countries.  You have a much wider reach. 

     

  • Helps you build a list

Even if you do video marketing, you can have a link in your video description To a landing page on your site to capture email addresses.  After that you can market to your list in the future. 

The same applies to Pinterest, Instagram, etc..  Never build a house on

rented land.  You must always have links from other websites pointing to your

landing page/website so you build your own list. 

     

  • Aids with advertising

Another point to notice is that a website lends credibility to your

business.  If you have a YouTube channel, a connected website will make

everything seem more legitimate and assist with your business immensely. 

 

For example, if you run a gardening channel where you always put out

Videos on gardening tips and you have thousands of followers by having a gardening site, you’ll be able to sell books on growing beautiful roses or vegetable gardening hints. 

This is just an example, but you get the point.  You need a website to

Sell your own products. 

By now you will realize that it’s not a matter of if you need a website, But more of when you are going to build your own site.  Imagine your website to be a piece of virtual real estate which will generate profits and dividends for years to come. 

Does that sound exciting?  You bet it is.  So, cast your fears aside and

Go right ahead and build your online property.  You have online guests waiting to visit it.  Start on it today and you will have a beautiful site in a couple of weeks.