Where To Find 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 make money online.  Unfortunately, all money-making methods are NOT made equal. 

Survey Sites, 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 crucial to succeeding online.  You don’t wantto spend time and effort trying to ice skate uphill.  It’s best to go with the 5 proven internet business models below. 

     

  1. Freelancing

If you’re on a tight budget, it’s best to start out with freelancing. The good thing about freelancing is that it forces you to master a skill thatyou can use to generate an income online. 

Ideally, your skills should 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.  As long as you have the skills to provide 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’ll have repeat customers. 

As you get more popular, you can increase your rates and so forth.  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 build

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

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

Although this description simplifies things 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 marketing

If you don’t wish to make 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 purchase.  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 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 that 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 very hands-free process. 

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

Anywhere from 1k to 4k when you are starting out.  You will want to run advertisingand 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’re skilful, you’ll have the ability to

generate 6 figures . 

You’ll 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 profits is to not only write yourself, but to employ other people 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 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 choose a legitimate business model and you’re focused and

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

Where To Find Money

4 Crucial Skills You Will Require to Succeed Online 

 

It’s common

To see people posting questions on social media to boost engagement.  Among the

most frequent questions posed is,”What skills do you need to succeed online?” 

Invariably,

You will see people mention copywriting or paid ads or branding… and other similar skills.  While those are important skills, there are 4 inherent skills that you absolutely MUST have before the rest will work for you. 

If you’re a

Beginner to internet marketing, it’s even more important that you have these

skills.  Below you’ll see 4 crucial skills you’ll need.  It might appear obvious to you, but you’ll be amazed at how most people drop the ball here. 

They get so

Busy focusing on marketing-related skills that the fail the four basics below.   Know about these skills and hone them to your benefit.3

     

  1. Learning the ropes

To be successful online, you ought to be a fantastic student.  This is the first Skill you must develop. 

Choose 1 business model and examine it well.  Go deep into it and

discover the nuances and methods involved. 

It’s good to have a broad idea of what is required.  For example, if you’ve Decided to attempt ecommerce and you’re going with dropshipping, you will need to

know how to: build a store, choose products that will sell well, source for suppliers, guarantee product delivery with your branding, provide customer

support, process refunds, etc.. 

You will need to know every area of the company model.  This may seem Intimidating, but you don’t need to learn it all at once.  The best way to do it’s going to be to learn in phases. 

Which brings us to the next point…

     

  1. Implementing the techniques taught

When you learn how to build a shop, go ahead and build it even if you

Don’t have any products to sell.  You have to APPLY the knowledge you have learned… and you should do it as soon as possible. 

Building an online business is all about taking steps even when you can not

See the entire staircase.  This will require courage and faith, but that is just how it is. 

Once you build your shop out, you can start finding products to populate

Your store, and after that it’s an issue of advertising and fulfilment and so on. 

This principle applies to all online business models.  Learn a bit and

Then do a little… then learn a bit more and do a bit more.  You’ll learn by doing. 

If you try and finish all the theory before you start, you will be

Overwhelmed and may never start.  Application of knowledge is the next ability. 

     

  1. Iterating your way to success

Iteration is another word for copying… but in this case, we replicating

The process to acquire a collection of outcomes.  Here’s the hard truth — not every product you try to sell will triumph. 

In actuality, for 10 products you attempt, only 1 may be a winner.  This is normal.  As you get better, you’ll create a nose to sniff out winning products, but even then, you’ll have duds. 

The same applies to most other online businesses.  This is a numbers

game.  Not every book you write will sell well.  Not every domain you buy will be

sold for tens of thousands… and not every product that you launch will be a winner. 

That should not stop you from trying over and over.  The more you produce, The more winners you will ever have.  Study your mistakes and failures and analyzewhat went wrong.  From there, it’s only a matter of making changes and tweaks to enhance your performance. 

Repetition is the mother of skill… and it’s the third one you must master. 

     

  1. Scaling up

The final skill assumes that you’ve already built a successful online

Business that making decent profits.  However, to go from 4 figures a month to 5 or 6 figures will ask you to scale up. 

This is a skill by itself.  You Will Need to manage your budget, outsource Several tasks, automate processes, and sell more goods either by upselling or cross-selling. 

You may need to increase your marketing budget or hire a team of writers, etc.. 

More profits requires additional work.  Since your time and energy is finite,

You’ll need to learn how to scale up.  As soon as you master this skill, the sky is the limit for your company. 

Pay attention to these 4 crucial skills and master them.  You don’t need to Do it all at once, but you’ll certainly need master them all to achieve online Success in the long run.  Get started today.