Online Work That Pays

5 Common Online Business Models Simplified 

Most beginners

Who are new to internet marketing tend to get overwhelmed by the sheer number of

ways one can earn money online.  Regrettably, all money-making methods 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 extremely 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 internet business models below. 

     

  1. Freelancing

If you are on a limited budget, it’s best to start out with freelancing. The good 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 online marketing.  For Instance, Digital graphic design, content creation, search engine optimization, video

creation, etc.. 

Visit 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 provide 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’ll have repeat customers. 

As you become 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. Product creation

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

An internet income.  Once again, you will need skills and expertise.  

For Instance, if you are into fitness or survival or you are really good at Building niche sites, you could write a book or create a course on what you are good at. 

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

Although this description simplifies things a lot, the point 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 Advertising

If you don’t wish to create 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 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 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 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 send them out.  It’s a really hands-free process. 

Ecommerce does demand a budget to get started.  You’re looking at

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

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 . 

You’ll 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 hire others to write for you. 

Selling on the Kindle market 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

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