What To Do With Extra Money

Do I Want a Site to Succeed Online? 

This is a Very common question and can be asked by thousands of beginners that are trying to build a business online.  Before answering this question, it’s important to understand why it’s being asked. 

The answer To this is simple — it sounds intimidating to build a blog or site.  Newbies squirm at the notion of the’tech’ involved.  In fact, with WordPress and all the plugins available, building a web site is a breeze nowadays. 

If it seems Too formidable, you may even find a freelancer on a website like Fiverr or Legit to build a site for you for just $30 to $40.  It really is a simple process. 

By watching About 10 to 20 tutorials on YouTube (absolutely free), you’ll have a good idea of how to make pages and posts and so forth.  It really is easier than you think. 

Now let’s Look at why a site is essential to succeed online.  Could you succeed without one?  Yes, you can… BUT it will be more difficult and will take you more.  Your odds of success would be thinner too. 

     

  • Establishes authority and an Internet presence

Having a website gives you a 24/7 presence online and makes you look Like a power in your niche.  Like Jay Conrad Levinson said,”Your websiteis the window of your enterprise.  Keep it fresh, keep it exciting.” 

     

  • Opportunities for passive income

When you have a website, you can replicate it with informative and useful

content.  By sprinkling affiliate links in the content, you will increase your

chances of making passive affiliate commissions. 

You never know who will be stumbling on your Website and reading your

Content and curiously clicking on the links.  Yet, it happens all of the time. 

     

  • Reduces your costs

Having a website will help mitigate your organization costs.  If your blog is

Popular, you can have ads on it as well.  These different income generating

opportunities will only be accessible to you in the event that you’ve got a website. 

The extra income you create will help to defray the overall costs in your

Business and keep you in the green. 

     

  • Drives traffic and extends reach

 

A site can also be a form of traffic generation.  Individuals who find your website Through the search engine or social media properties can be contributed to your sales pages, landing pages, etc.. 

Your website is not just a hub for your audience to hang out in, but

Will also act as a conduit to funnel them in to your listing or get them on your

sales pages and heated up enough to purchase your products. 

A website is available to people all around the world.  The same can’t be Said for videos or social media sites which may be blocked in some countries.  You have a much wider reach. 

     

  • Helps you build a list

Even if you do video marketing, you can have a link in your video description To a landing page on your blog to capture email addresses.  After that you can market to your list later on. 

The same applies to Pinterest, Instagram, etc..  Never build a home on

rented land.  You must always have links from other websites pointing to your

landing page/website so you build your own list. 

     

  • Aids with advertising

Another point to notice is that a site lends credibility to your

business.  For those who have a YouTube channel, a connected site will make

everything look more legitimate and assist with your company immensely. 

 

For example, if you run a gardening station where you constantly put out

Videos on gardening tips and you have tens of thousands of followers by having a gardening website, you’ll be able to sell books on growing beautiful roses or vegetable gardening tips. 

This is just an example, but you get the point.  You need a website to

Sell your own products. 

By now you will realize that it’s not an issue of if you need a website, But more of when you’re going to build your own site.  Imagine your site to be a piece of virtual real estate which will generate profits and gains for many years to come. 

Does that sound exciting?  You bet it is.  So, cast your fears aside and

Go right ahead and build your online property.  You’ve Got online guests waiting to visit it.  Start on it today and you’ll have a beautiful site in a few weeks.

What To Do With Extra Money

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 make money online.  Regrettably, all money-making methods are NOT made equivalent. 

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

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

     

  1. Freelancing

If you are on a tight budget, it’s better to start out 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 must be related to online marketing.  For Instance, Digital graphic design, content creation, search engine optimization, video

creation, etc.. 

Go to 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 customers 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 increase your rates and so on.  The Money you earn 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 build

An online income.  Once more, you may need skills and expertise.  

For example, if you are into fitness or survival or you’re really good at Building niche websites, you can write a book or create a course on what you are good at. 

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

Although 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 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 into 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 suppliers together with your own branding.  

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

Business model, you are going to create designs that 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 very hands-free procedure. 

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

Everywhere from 1k to 4k when you are starting out.  You’ll want to run advertisements and so on. 

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 . 

You will 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 earnings 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 all 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 may research other business models such as

domaining, arbitrage, etc.. 

If you choose 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.