Profit From The Internet

5 Common Online Business Models Simplified 

Most beginners

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

ways one can earn money online.  Regrettably, all money-making approaches are NOT made equal. 

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

Knowing Which business model to choose is imperative to succeeding online.  You don’t wantto devote some time and effort trying to ice skate uphill.  It’s ideal to go with the 5 recognized internet business models below. 

     

  1. Freelancing

If you are on a limited budget, it’s best to begin with freelancing. The good thing about freelancing is that it forces you to master a skill thatyou can use to generate an income online. 

Ideally, your skills should be related to internet 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.  As long as you have the skills to deliver 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 are going to have repeat customers. 

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

companies. 

     

  1. Product creation

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

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

For Instance, 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 are good at. 

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

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

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

     

  1. Affiliate Advertising

If you do not wish to make 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

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 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..  Websites like Custom Cat, Gear Bubble, etc will create the goods 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

Everywhere from 1k to 4k when you are starting out.  You’ll need to run advertisingand so forth. 

This is a VERY 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 are skilful, you’ll be able 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 secret to increasing your profits is to not only write yourself, but to hire others 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 good place to start from.  If none of them

Look like your cup of tea, you might research other business models like domaining, arbitrage, etc.. 

If you Pick a legitimate business model and you’re focused and

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