What Can I Do With Extra Money

        3 Common Difficulties Most Newbie Marketers

Trying to build

An internet business will ask you to master new skills and get several moving

parts in alignment for your business to be the a well-oiled machine. 

It can be

Intimidating when you discover how little you know.  Every time you learn

something new, there’ll be something else that you will need to figure out. 

It will

Almost seem like a never-ending process… but rest assured, that with time you will master the basics and get your ducks in a row.  Below you’ll find 3 common

difficulties 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’ll 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 succeeding faster than most of the other people on the internet will

Be to focus on one business model.  Ideally, you should select 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’re good, you will be sought after. 

If you prefer to build your own company where you are your own boss, you’ll

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 classes 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 online marketing dreams just because

the tech stuff overwhelms them.  The truth 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 internet business simply because you can not sort a tech issue out.  Rest assured, there are thousands of qualified and

dependable freelancers who can help you. 

Typically, you can learn just about anything from setting up a blog

To automating delivery of a product and more, just by doing a few Google

searches or look on YouTube for tutorials. 

These 2 free resources are lifesavers.  Technical issues can seem

Intimidating, but do not let them scare you off your internet marketing path.

 There is not any rush.  Take your time and fix them, or pay someone to do it for

you. 

3.   Learning How to drive traffic

Traffic generation is one of those abilities You Have to possess if you

Want to succeed online.  While you could hire agencies to do it for you, if you are a beginner, it’ll be costly. 

It’s far better to learn it yourself so you don’t need to rely on others.

The secret to success with traffic generation will be to concentrate 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 to 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’ll see trickles of traffic initially… and it is going to snowball into

massive amounts of traffic. 

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

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

Will necessarily be yours.

What Can I Do With Extra Money

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 approaches are NOT made equal. 

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

Knowing Which business model to choose is crucial to succeeding online.  You don’t need to devote some 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 limited budget, it’s better to begin with freelancing. The good thing about freelancing is that it forces you to master a skill which you can use to generate 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.. 

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 will 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 fantastic job and deliver the work on time or sooner, you can bet you are going to have repeat customers. 

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

companies. 

     

  1. Merchandise creation

Product creation is one of the fastest and most lucrative ways to construct An online income.  Once again, you will need skills and expertise.  

For example, 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 is just a matter of marketing to your niche audience.

Although this description simplifies matters a lot, the purpose 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 support, 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

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 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 type of ecommerce is known as’Print On Demand’.  In this

Business model, you are going to create designs which 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 really 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 will need to run advertisingand so forth. 

This is a VERY profitable business model when you move 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’re skilful, you’ll be able to

generate 6 figures in royalties. 

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

It’s possible to scale up faster.  The key to increasing your profits 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 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’re focused and

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