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5 Common Internet 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.  Unfortunately, all money-making approaches are NOT made equivalent. 

Survey Sites, performing microtasks for pennies, etc., are largely a waste of time and energy.  Whereas other methods such as affiliate marketing, arbitrage, product creation, etc. are extremely rewarding. 

Knowing Which business model to choose is crucial 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 internet business models below. 

     

  1. Freelancing

If you are on a limited budget, it’s best to begin with freelancing. The fantastic 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 internet marketing.  For example, Digital graphic design, content creation, search engine optimization, video

production, 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 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 fantastic job and deliver the job on time or earlier, you can bet you’ll have repeat customers. 

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

businesses. 

     

  1. Product creation

Item creation is one of the fastest and most lucrative ways to build

An internet 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 websites, you could write a book or create a course on which you are good at. 

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

While this description simplifies things a lot, the purpose you should note is

that creating and launching your own infoproducts or real products is among the best ways to make an income online. 

     

  1. Affiliate Advertising

If you do not wish to make products and deal with customer service, 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 purchase.  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 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 known as’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 send them out.  It’s a very hands-free process. 

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

Anywhere from 1k to 4k when you are starting out.  You will need to run advertisingand so on. 

This is a Really profitable business model when you move 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 have the ability to

generate 6 figures . 

You’ll also need to know how to outsource some of your writing so that

You can scale up faster.  The secret to increasing your profits is to not only write yourself, but to hire 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 like domaining, arbitrage, etc.. 

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

Consistent, you will reap the benefits and have an online business you can be proud of.