How We Make Money Online

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

Survey Sites, performing microtasks for pennies, etc. are mostly a waste of time and energy.  Whereas other methods such as affiliate marketing, arbitrage, product creation, etc. are very rewarding. 

Knowing Which business model to choose is crucial 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 recognized online business models below. 

     

  1. Freelancing

If you are on a tight budget, it’s best to start out with freelancing. The good thing about outsourcing is the fact that it forces you to master a skill which you 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.. 

Go to freelance sites like Fiverr, Upwork, Legiit, etc. to get an idea

of what the popular gigs are.  So 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 raise your rates and so on.  The Money you get from freelancing can be used to finance your other online

companies. 

     

  1. Product creation

Product creation is among the fastest and most lucrative ways to build

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

For Instance, if you’re into fitness or survival or you’re really good at Building niche websites, you can write a book or create a course on which you’regood at. 

From there, it’s 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 real 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 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 into sales and commissions for you. 

     

  1. Ecommerce

Ecommerce has seen 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 providers 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..  Sites 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 require a budget to get started.  You’re looking at

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

This is a VERY profitable business model when you latch 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 in royalties. 

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

It’s possible to scale up faster.  The secret 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 about being a good writer. 

These 5 business models are a fantastic place to start from.  If none of them

Seem like your cup of tea, you may research other business models such as

domaining, arbitrage, etc.. 

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

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

How We Make Money Online

        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 find how little you really know.  Every time you learn

something new, there’ll 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’ll know what to do. 

1.   Selecting a business model

This is undoubtedly the most important decision you will need to make.  There is

A plethora of methods when it comes to making money online.  There is freelancing,

arbitrage, product development, 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 pick one which you may

be innately suited to. 

For example, 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’ll be sought after. 

If You Want to build your own company where you are your own boss, you will

Need to check at the skills you’ve got or your natural abilities.  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’re 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 reality is that most 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’t

sort a tech issue out.  Rest assured, there are 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 much 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 do not let them scare you off your internet marketing path.

 There’s absolutely no 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.  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 need to rely on other people.

The secret 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.  Once you decide on the traffic generation method/s, stick with the chosen

ones until you see results. 

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

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

massive amounts of traffic. 

The 3 difficulties mentioned previously are nothing to be concerned about.  Adopt

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

Will necessarily be yours.