Where To Get Free Money

5 Common Online 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.  Unfortunately, all money-making methods 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 creation, etc. are extremely lucrative. 

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

     

  1. Freelancing

If you are on a tight budget, it’s better to start out with freelancing. The fantastic thing about freelancing is that it forces you to master a skill thatyou can use to create an income online. 

Ideally, your skills should be related to internet 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 deliver 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 good job and deliver the work on time or sooner, you can bet you’ll have repeat customers. 

As you get more popular, you can raise your rates and so on.  The Money you earn from freelancing can be used to fund your other online

companies. 

     

  1. Merchandise creation

Item creation is among the fastest and most lucrative ways to build

An internet 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 could 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 matters 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 make 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

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 into sales and commissions for you. 

     

  1. Ecommerce

Ecommerce has seen 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 together with your own branding.  

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

Business model, you’ll 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 send them out.  It’s a really hands-free process. 

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

Everywhere from 1k to 4k when you are starting out.  You will want to run advertisingand so forth. 

This is a VERY profitable business model when you latch on to a winning

product.  There are many 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’ll 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 other people to write for you. 

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

Not all about being a good writer. 

These 5 business models are a good place to start from.  If none of them

Seem like your cup of tea, you may research other business models like domaining, arbitrage, etc.. 

If you choose a legitimate business model and you are focused and

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

Where To Get Free Money

4 Crucial Skills You Will Need 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 have to succeed online?” 

Invariably,

You will see people cite copywriting or paid advertisements or branding… and other such

skills.  While those are important skills, there are 4 underlying 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 will need.  It might appear obvious to you, but you’ll be amazed at how most people drop the ball . 

They get so

Busy focusing on marketing-related skills that the fail the 4 basics below.   Be aware of these skills and hone them to your benefit.3

     

  1. Learning the ropes

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

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

discover the nuances and methods involved. 

It’s great to have a broad idea of what’s required.  For Instance, if you’ve Decided to attempt ecommerce and you’re going with dropshipping, you’ll need to

know how to: build a shop, select 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 part of the company model.  This may seem Intimidating, but you don’t need to learn everything at one time.  The best way to go about it will be to learn in phases. 

Which brings us to the next point…

     

  1. Implementing the techniques taught

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

Have no products to sell.  You must put on the knowledge you’ve learned… and you should do it as soon as possible. 

Building an online business is about taking steps even when you can’t

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

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

Your store, and after that it’s a matter of promotion and fulfilment and so forth. 

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

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

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

Overwhelmed and could never start.  Application of knowledge is the second ability. 

     

  1. Iterating your way to success

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

The process to get a series of outcomes.  Here’s the hard truth — not every product you try to market will triumph. 

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

The same applies to many other online companies.  This is a numbers

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

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

That shouldn’t stop you from trying over and over.  The more you create, The more winners you will ever have.  Look at your mistakes and failures and analyzewhat went wrong.  From there, it’s just 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 have already built a successful online

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

This is a skill on its own.  You’ll 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 understand how to scale up.  Once you master this skill, the sky is the limit for your company. 

Take note of these 4 crucial skills and master them.  You do not need to Do everything at once, but you’ll certainly need master them all to achieve online Success in the long run.  Get started today.