Now more than ever, more people are coming online looking to make money.
Each with their own reason with the majority seeking to live life on their own terms.
That is to have time, location, and financial freedom. To be their own boss, making their own schedules, working where, when, with, on, and for however long they want.
You can even find 6 smart reasons why you should start working online here if you're still on the fence about it.
But, the thing to note here is that your choice of online business model will matter a lot in determining your level of success.
While some will get you results in days, others will require weeks and months.
So, if you want to start a business from home, you must be careful in your selection. Depending on your goals, resources, knowledge, ability, passion, determination, hard work, and mindset to name a few.
But rather than leave you to test out your luck with every make money online opportunity there is.
I've saved you the headache by compiling 6 of the best online business models that will ensure your success.
So, without any further delay.
Let's dive in!
Blogging has and will always be an amazing way to make money online.
It's simply getting paid for sharing ideas on a topic you're interested in.
You can make money blogging in several ways: Email and affiliate marketing, selling your own products and services, selling and displaying ads on your site, sponsored posts and membership subscriptions,.. etc.
But how much you'll stand to make will depend on the targeted traffic you'll be able to generate from your content and marketing efforts.
Though, blogging is a solid way to make money online. Your hard work, consistency, grit, and patience will determine if you ever see results or be a success.
If you're interested in blogging, see in this post how you can set up a WordPress blog from scratch.
Now if writing doesn't tickle your fancy, an alternative would to create content videos.
YouTubing the same as blogging will require you to produce valuable content of some form to build a following. Whether that is vlogging, tutorial, comedy, reviews, news, live stream, gameplays, compilations,… etc.
YouTube is the biggest video streaming platform and the second most trafficked website. It's where you want to set up your business.
The potential to grow big and achieve great success faster than with blogging in most instances is there.
You'll earn via several ways such as with Google Adsense, affiliate marketing, individual or company sponsorships, selling merch,…
Tip: Whether you want to be a YouTuber or a blogger, being both is the most ideal but not a requirement.
3. Affiliate Marketing.
As we've seen above, you can make money with affiliate marketing using a blog and a YouTube channel.
Though, simpler, you can still earn affiliate commissions without having to blog or to YouTube.
This can be done by harnessing the power of social media sites, forums, traffic exchanges, solo ads, paid traffic, click banking, viral PDFs, blog commenting, partnerships, and email marketing to name a few.
To maximize your results with this approach. Ensure you're sending the traffic to a squeeze page for follow-ups using an autoresponder like this one.
Since email marketing will be your conversion tool. Learning more on email marketing, choosing the right affiliate products, and creating the perfect funnels will be a plus.
Ultimately, the choice is yours on which strategy or model to use to make affiliate marketing work for you.
4. Product Creation.
You now know how affiliate marketing works. Referring a product's customers for commissions.
Being a product creator is the opposite of being an affiliate marketer. You make the product to be sold.
Products could be eBooks, courses, software, apps (mobile, desktop and web), templates, graphic designs, sound effects, DFY websites, songs, autoresponder series, email swipes, digital artworks,… etc.
When selling you can decide if you'll do it on your own or list the help of affiliates. Depending on your choice, where and how you host and sell your products will vary.
There are many benefits to being a product creator. And aside bolstering your reputation, you can achieve an income level previously unimagined.
But this not to say it won't come with its own share of “worth-it” challenges.
This is really a big umbrella of opportunities. But essentially it's leveraging your skills for compensation.
What you're skilled at or can help others with will determine where and how you set up your business.
You can be a writer, graphic designer, online coach, consultant, programmer, producer, personal assistant, marketer, transcriber, illustrator, translator, voice actor, recruiter, copywriter, online tutor,… etc.
The choices are plenty. As long as you can offer a service other people are looking for you're in business.
You can either sell your services straight from your website or from freelance sites like Fiverr, Upwork, SEOClerk, PeoplePerHour, Guru, Freelancer, and the like.
The thing to note with freelancing is that competition is still real. And since repeat customers and referrals is where it's at. Making sure you stand out from others' quality works will be the key to creating a freelance business that thrives.
If you lack marketable skills, no problem. See here how you can still make money freelancing without doing anything.
Not only has ecommerce proven to be a profitable online business model, but it is also one with such potential to rival the 5 above.
And if you're serious about it, drop shipping and Amazon FBA is the way to do it.
With drop shipping, you're simply a retailer fulfilling a customer's order through a third-party company.
Whereas with Fulfilled by Amazon (FBA). Amazon does everything for you from sale processing, fulfilling, and customer support once you ship your products to them.
While both have their own pros and cons. Drop shipping is a suitable pick if funds and high risks are an issue for you.
All you'll need really is to set up your store on Shopify and be in business.
Another thing you can consider doing if you're gifted in making unique handmade products is selling them on Etsy. Etsy is a global marketplace for buying and selling unique goods.
However, you do this ecommerce business, know it works and take action.
Over To You.
So, to conclude on this, any of these 6 online business models will do it.
The thing is making money online is possible for anyone who takes action and does so consistently.
Don't just read until information overload becomes an issue for you. Get bogged down, give up and run back to your 9 – 5 job (If you had quit. Tip: Don’t quit just yet.)
It's possible for you and you can do it. Just pick the online business model you liked the most and pursue it till you achieve the results you're looking for.
But if you still want to be guided from scratch on how to build a successful online business by professionals and other successful entrepreneurs. Join this membership site here and get started today for free.
That's it from me today with the 6 strongest online business models to do in 2019.
See you in the next post.