5 Common Online Business Models Simplified 

Most beginners

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

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

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

Knowing Which business model to choose is imperative to succeeding online.  You don’t wantto spend some 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 outsourcing is the fact that it forces you to master a skill which you can use to generate an income online. 

Ideally, your skills should be related to online marketing.  For Instance, Digital graphic design, content creation, search engine optimization, video

production, etc.. 

Visit freelance websites like Fiverr, Upwork, Legiit, etc. to get an idea

of what the popular gigs are.  So long as you have the skills to deliver similar

services, you will have the ability 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 job on time or sooner, you can bet you’ll 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 fund your other online

businesses. 

 

1. Merchandise creation

Product creation is among the fastest and most lucrative ways to construct An internet income.  Once again, 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 can write a book or create a course on what you’regood at. 

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

While this description simplifies matters a lot, the purpose you need to note is

that creating and launching your own infoproducts or real products is one

of the best ways to make an income online. 

 

1. Affiliate marketing

If you don’t 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 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 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..  Websites 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 demand a budget to begin.  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 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 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

It’s possible to scale up faster.  The secret to increasing your earnings is to not only write yourself, but to hire other people to write for you. 

Selling on the Kindle market requires marketing skills too.  It’s

Not all 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 are focused and

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

        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.  Each time you learn

something new, there will be something else that you 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 will find 3 common

difficulties that most beginner marketers face. 

When You’re

Aware of what these are, you will know what to do. 

1.   Selecting a business model

This is undoubtedly the most important decision you will need to make.  There is

A myriad of methods when it comes to earning 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 for. 

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’ll be sought after. 

If You Want to build your own business where you’re your own boss, you will

Need to look at the skills you’ve got or your natural talents.  If you write well,

Kindle publishing may be calling your name. 

If you enjoy teaching others, you can create courses and launch your own

products.  So, ask yourself what you truly enjoy doing and what you are 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 reality is that most of the technical details

are easy, when 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 form a tech issue out.  Rest assured, there are tens of 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, by simply doing a few Google

searches or look on YouTube for tutorials. 

These 2 free tools are lifesavers.  Technical issues can seem

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

 There is no 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 skills that you MUST possess if you

Wish to succeed online.  While you could hire agencies to do it for you, if you’re

a beginner, it will be costly. 

It’s far better to learn it yourself so that you do not need to rely on other people.

The secret to success with traffic generation is to focus on a couple of methods.  Not more. 

For example, you may choose to focus on Pinterest marketing and Facebook

ads.  As soon as you choose the traffic generation method/s, stick to the chosen

ones before you see results. 

It may take time for you to get the hang of things, but once you master

The fundamentals, you’ll see trickles of traffic … and it is going to snowball into

enormous amounts of traffic. 

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

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

Will inevitably be yours.