6 of the Best Online Business Models to Ensure Success

by
Best Online Business Models
Most people struggle to make money online because they fail to choose the right business model for them, in this article, I am going to share with you the 6 best online business models so that you can pick one and start building your online empire.

Best Online Business Models

The choice of an online business model can have a huge impact on future success. So be careful when starting out that you select a model that matches your lifestyle.
The following are 5 of the best online business models you can make use of to secure financial freedom.

#1 – Freelancing

Most people ask me, what is the best way to start making money online if you have zero money and you need money quickly? My answer is always to start with freelancing.
If you have a skill like writing, you know mathematics, physics, graphic design, you can edit video, you can always find someone online or offline who is in need of that skill.
For me website installation is what got me started, then when I made money there I moved to affiliate marketing.
If you can write, people will pay you anywhere from $10 to $100 per 500 to 1000 words article, this is a great way to make some cash.
For me freelancing is a great way to earn money on the side. You can work from anywhere and leverage your existing skills for compensation. 

#2 Affiliate Marketing

The only thing I never liked about freelancing is that instead of having one boss in your 9-5 job now you have 10 or more bosses and some of them can be very difficult to deal with.

This is the reason why I moved to affiliate marketing, with affiliate marketing you are promoting other people’s products, you do not have to create a product, you do not have to provide customer/technical support and you do not have to process the sales.

All you need to do is to find a product that solves a problem in your audience, talk about the problem to your audience, and propose a solution which is the affiliate product using your affiliate link. If someone buys you get your cut and life goes on.

You can do this through social media, blogging, youtube, or just by talking to people offline, it is that simple, if you want to learn more about how to get started with an affiliate marketing business model click here.

 

#3 – Blogging

I run a few blogs, and to be honest, I have 12 blogs that make me money each and every day, with the emergence of AI such as ChartGPt most people think that blogging is dead and that is not true.

Blogging is still one of the best ways to make money online. Blogging takes consistency to work, and the results can take a while to materialize. But blogging is still essential.
Even if it is not going to be used as the primary form of income, having a blog is a good way to promote your other business or bolster your reputation. Once a blog generates enough traffic, it can be monetized using affiliate links or paid advertising.
In order to start a blog you need to buy a domain name, a hosting, and install WordPress, just start writing one post at a time and post it into your blog, before you know it, you will have traffic that you can monetize with affiliate products or display ads.

#4 – YouTube

If you can not start a blog, you can start a Youtube channel, I am still new to this but, one of my channels is starting to take off and I am seeing an increase in subscriber count.

In order to start a Youtube channel you need a good video camera, you can use the one from your phone, but you need to have a mic ( in my short experience the computer mic or the one from your phone is not good enough), and editing software to remove some bad parts of your video and clean it. 

You can use any software to edit videos and most phones or PC comes with free apps and software that you can use to edit your videos, for me I think Camtasia is the best, you can read my experience with the software here.

In many ways, videos are taking over written content. Customers like videos more than written content and video content have the potential to go viral.
YouTube is the biggest video streaming platform and it is easier to create a video than is commonly believed.
You can use YouTube to build up a following and then market to them. This method is far quicker than blogging in most instances.

#5 – Physical Products and Amazon FBA

I like promoting digital products, in my opinion, they pay more commission, but selling a physical product is easier and most people do not ask for refunds ( they are too lazy to send the product back).
With the Fulfilled by Amazon (FBA) service, you simply ship your goods to Amazon. The sale and processing occur through the Amazon platform, as does the delivery of the product itself.
Amazon even takes care of customer service. In other words, Amazon does a lot to complete the business.
However, they do take a large share. Other online physical product sales methods include drop shipping and third-party logistics companies.

#6 – Create an Online Course

Creating a course can be complicated, you need to create the course, shoot the videos, build a membership site, and add to an affiliate network, such as JVZoo, Udemy, and Clickbank.
But after all that work and when the product is done, it can be very profitable, imagine if one or 2 super affiliates find your product and start promoting it, you can start receiving a lot of money without doing extra work or having an audience.
If you are an expert on a particular topic, you should consider creating your own online course.
This is not as difficult as it sounds, but you will still be responsible for marketing and promoting your course.
Udemy is one of the most well-known online course platforms. With the increase in the price of third-level education, more people than ever are turning to online courses for instruction.
The advantage of putting your course in Udemy is that Udemy will find students for you, you do not need to be a marketing genius to make money selling courses in Udemy, the only thing is that they will take the most money from your course ( to compensate the cost of promoting your course).
That is it, those are 6 of the best online business models, find one that suits your lifestyle and follow that model to build your empire and when you master it you can move to the next one. Don’t try to do everything at once, this is the best and easiest way to fail.
>
%d bloggers like this: