What Can I Make Money On

What Do You REALLY Need to Build a Successful Online Business? 

Building an Online business can seem like a complicated and arduous process.  There are several moving parts and you will need to get them all in alignment and runningsmoothly to start generating profits. 

While there Is some truth to the scenario mentioned above, the reality is that to build a successful online business requires only 5 components.  

The ‘make Money online’ scene is replete with courses and programs and’techspeak’ which only confuses and discombobulates most newcomers.  This’sound’ drowns out the basic concepts of online marketing. 

In truth, The 5 components below are all you really need. 

     

  1. An informative and engaging blog

Having a website is Essential.  It doesn’t matter whether you’re doing Kindle Publishing or affiliate marketing using social networking sites, you absolutely MUST have a blog/website. 

This will enable you to build your list and a relationship with your

audience.  The issue with relying on social media accounts like Facebook or YouTube is that you’ll be subject to their rules and they can throw you out at any moment without warning. 

Thousands of people have lost their accounts and seen their businesses|companies} dry Up immediately because they put all their eggs in one basket… and it was someone else’s basket. 

Build your own site that you could call your own.  This is vital.

     

  1. Products you can sell or market

To make money online, you have to sell something.  If you are an affiliate Marketer, you’ll be promoting other people’s products — and once again, something needs to be sold that you make a commission. 

No matter how you look at it, you are selling.  As obvious as this may

Sound, so many beginner marketers never seem to wrap their head around.  They’reso busy purchasing products and consuming information that they don’t realize they are NOT selling anything. 

You will not make a cent unless you sell.

     

  1. Traffic

Traffic is the lifeblood of any internet business.  Contrary to popular

Belief, a gorgeous website and good content alone are no guarantees.  You’ll need to actively generate traffic to your website. 

You can either use paid visitors (faster but more difficult/expensive to

Master) or free traffic which basically is either search engine optimization or

siphoning off traffic from more popular sites. 

You may do a mixture of both or focus on just one method.  Either way, you MUST make traffic generation a daily endeavor.  Do something every single day which will contribute to creating traffic to your web properties. 

     

  1. A funding

People often scoff at quotes such as”It takes money to make money”… and

They use quotations such as”You do not lack resources.  You lack resourcefulness.” 

All these self-help quotes aside, the truth of the matter is that you

Cannot multiply by zero.  You’ll need money to get a domainname, pay for hosting and an autoresponder.  If you are doing paid advertising, you will need funds for that also. 

While the amount of money needed to build an online business is a

Fraction of what you would want to build a brick-and-mortar company, the truth is that it helps to have a couple hundred dollars in your budget when you’re starting out. 

So, if you have a day job, do save until you have some funds for your

business.  Don’t be too fast to quit your day job.  Work at your job when working on your business. 

When You earn enough online to equal your monthly salary at your day Job, you can choose if you would like to stop and go full-time. 

     

  1. A responsive email list

The final and most important component is the list.  There’s no denying The efficiency of a responsive list.  A list of buyers (people who have bought from you before) is invaluable. 

Subscribe to a Trusted autoresponder service such as Aweber,

GetResponse, ConvertKit, etc. and build your list. 

These are the 5 basic factors which will decide if your online

Company takes off or fails.  Do give them the attention they need and your Company will soar in record time.

What Can I Make Money On

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 approaches are NOT made equivalent. 

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 extremely rewarding. 

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

     

  1. Freelancing

If you are on a tight budget, it’s best 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 must be related to online marketing.  For example, 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 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 become more popular, you can raise your rates and so on.  The Money you get from freelancing can be used to finance your other online

businesses. 

     

  1. Product creation

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

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

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

Although this description simplifies matters a lot, the point you need to 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 Advertising

If you do not 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 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 with your own branding.  

Another sort of ecommerce is called’Print On Demand’.  In this

Business model, you’ll create designs which will be printed on hats, mugs, shirts, etc..  Sites like Custom Cat, Gear Bubble, etc will create the goods with your designs and ship them out.  It’s a really hands-free process. 

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

Anywhere from 1k to 4k when you’re starting out.  You’ll 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 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 be able to

generate 6 figures . 

You will also need 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 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 choose a legitimate business model and you’re focused and

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