Top Ways To Make Money In 2018

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 earn money online.  Regrettably, all money-making methods are NOT made equal. 

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 lucrative. 

Knowing Which business model to choose is imperative 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 proven 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 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 clients

Will hire you, and if you do a good job and deliver the job on time or earlier, you can bet you are going to have repeat customers. 

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

businesses. 

     

  1. Merchandise creation

Item creation is one of the fastest and most lucrative ways to construct An internet income.  Once more, 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 could write a book or create a course on which you’regood at. 

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

Although this description simplifies matters a lot, the purpose you should 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 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

Every time you make a sale.  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 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 suppliers together 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 really hands-free procedure. 

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

Anywhere from 1k to 4k when you’re 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 several 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 are 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 marketplace requires marketing skills too.  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 might research other business models like domaining, arbitrage, etc.. 

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

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