What are the best-recommended profitable ways on how to make money online?
How to make money online as an entrepreneur with nothing or little investment?
What business models should you choose to monetize your blog or website for a good profit?
I am sure you can’t wait to hear the answer.
Stay with me …
I will shortly, reveal to you my top 7 recommended business models and profitable ways on how to make money online, and build a successful business from scratch with no prior experience or knowledge.
#1: Affiliate Marketing
The king of the internet and is by far the quickest method on how to make money online for many bloggers and internet marketers.
If done right can be very lucrative and profitable.
It involves promoting other companies’ products or services by placing affiliate links on your website where you will have to drive traffic to the affiliate companies’ sites to attract buyers.
If a buyer purchases a product or service via your links you will be paid commission.
It requires fewer startup costs as most of the work will be done by the affiliate companies you have signed up with such as products’ creation, delivery, customer service, and web hosting.
Having said that, if you happen not to have a blog or a website, you will still be able to promote your offers using other means.
Such as promoting your affiliate links on social media platforms like Facebook, Pinterest, LinkedIn, Google+, Instagram, YouTube or via Email Marketing.
Ensure whatever products or services you signed up for is related to your niche.
This is so when you make recommendations to your readers to make a purchase of something you are promoting, it does not look weird and spammy.
For example, if your business is in weight loss, you should recommend products relating to weight loss and not something that is unrelated to your niches like accounting or investments.
Affiliate marketing can be done full or part-time, it all depends on how much time and effort you want to dedicate to it.
Make money recommending Wealthy Affiliate products.
Genuine, authentic, affordable and offer the best training program and support community for online entrepreneurs I have ever come across. You really get value for your investment.
They teach you everything, step by step and you will never feel like you are left out on your own to struggle.
If you are prepared to do the work, you will reap the rewards and can become very knowledgeable in ways you have never imagined.
You will need to sign-up for Amazon’s affiliate program based on your geographical location, for example, US, Canada, UK, Spain, Italy, Germany, France, India, Japan or Australia.
- CB Passive Income
- Affiliate Window
- CJ Affiliates
- Been Verified
- American Greetings
#2: Digital Products
Selling digital information products in a form of an e-book, video, amazon kindle, membership sites, e-courses, website plugins & themes, webinars, graphic designs, printables, software and podcasts.
Aside from affiliate marketing, this is one of the fastest, cheapest, easiest and best ways to make money online.
You can easily turn your hobby or passion into a profitable business.
If you have knowledge or experience in a particular area or an interesting story to share you can capitalize on it by turning it into a digital product to solve needs that are not being met.
People want quick solutions and are willing to spend money to solve their problems.
There are many niches where this business model can perform very well, you just need to go and find them.
If you don’t fancy creating your own digital products you can always promote other people’s products as an affiliate and get commissions.
#3: App Development
Most popular with the younger crowd of entrepreneurs. If you have coding skill why not put them to good use and develop your app.
Increasingly we spend so much of our time with our smartphones and other forms of digital devices.
The demand for good quality apps is on the increase hence the need to innovate and develop good quality apps.
If you don’t have the skills to do it your self but have some capital to spare, you can hire a developer or a group of developers to do it for you.
#4: How To Make Money Online – E-commerce
May require some capital to start with as you have to buy or get your products manufactured from somewhere.
There is also a question of who will be doing the logistics side of things such as maintaining inventory, distribution, packaging, delivery, customer service, and refunds.
You will not have to touch the inventory nor deal with the customers directly.
Another route you could consider is to opt-in for FBA – Fulfilment by Amazon’s option. They will take care of the logistics for you, for a fee.
In recent times, I have seen a trend where smart internet marketers/developers developing third party software or WordPress plugins that allow:
Small business owners to import products from a number of well known traditional marketplaces such as:
Amazon, AliExpress, eBay or Clickbank, etc via
- an API (Application Programming Interface)
- a Spreadsheet upload or by
- manually uploading the product links
directly to their own beautifully designed niche specific e-commerce stores.
The business owners can then sell these imported products as an affiliate or by adopting the Drop Shipping method.
With Drop Shipping, you, have the option to charge any price you want and make more profit out of it, however, you will need to place the order to the marketplace’ site on behalf of the customer.
Whereas if you import the products to be sold as an affiliate, you will only get paid commissions by the marketplace you have signed up with.
They control the prices but at least, you will not have the headache of having to place the order on behalf of the customer.
Your e-commerce store will just be like a gateway for the customer to purchase the products directly.
Instead of seeing Add to cart button and going through the checkout process, the customer will see buy now.. or something of that sort.
You don’t have to pay to source and list the products on your site nor pay for the delivery out of your own pocket.
In the case of Drop Shipping, the customer will pay you, and you will then pay the affiliate company.
If the affiliate site is selling the product for $10, you may decide to charge the customer $15 and make a $5 profit.
In the case of an affiliate, you don’t have this option. You will get whatever commission has been decided and agreed by the affiliate companies.
To succeed in e-commerce, you will need to follow the following formula:
- Have a good product
- Have a platform to source and sell the product
- Have a method to deliver that product to your customers
If you can fulfill these 3 things, you could easily create for yourself a long lasting profitable business.
You simply need to know what you are doing, know your numbers and follow a plan.
Cautious and due diligence is required.
Do your homework before embarking on this journey.
Are you an expert in any particular field?
If you are, why not utilize your skills, knowledge, and experience to mentor new and aspiring entrepreneurs, so they too can become knowledgeable in your craft and transform their lives and the lives of others.
It can be rewarding for you, and it will allow you to validate your skills, and at the same time provide you with an avenue to create an impact by shaping the minds of your students and see the outcome of their learning.
As well as mentoring other people, you can also consider offering a consulting or freelance service of some sort that will help other business owners to free their valuable time and allow them to focus on other aspects of their businesses.
If you have a skill why not put it into good use and get paid for it.
Typical examples of the kind of freelance or consulting agency services you could offer include:
- Writer – blog posts, copywriting, sales pages, email sequences, e-books, books, press releases, product descriptions, business plans, presentations
- Social Media Manager – Pinterest, Youtube, Instagram, Tweeter, LinkedIn and Facebook page/groups
- Marketing Strategist
- Business Strategist
- Blogging Strategist
- WordPress Manager/Web Master
- Editorial Manager
- Proof Reader & Reviewer
- SEO (Search Engine Optimization) Specialist – blogs, e-commerce websites, videos, Pinterest
- Designer – blog themes, social media templates, email templates, logos, brands
- Self Publishing & Promotion Manager
- E-commerce Expert
- Data Entry Clerk
- Developer – apps, games, plugins, themes, software, websites
- Video Specialist – creation, editing, animation, optimization, upload
- Virtual Assistant
- Help Desk Support/Customer Service
- Ads Manager – for local and online businesses
- Accountant – tax returns, company statements, VAT returns
- Investments & Trading – financial adviser, deal finders, cryptocurrency expert,
These are all possible things you can do to make money, just beware that you need to be very smart with how you organize yourself and use your time wisely.
The last thing you want is to be overwhelmed with all the work coming your way and not being able to meet the needs of your clients.
You want to make sure you provide the best services for your clients as well as ensuring you have a business that is profitable and doesn’t leave you stressed or make you feel like you are selling your soul in the process.
You can make good money blogging for a living.
There are top bloggers who are crushing it big, in the online space.
They have figured out the secrets and know what it takes to create and maintain a successful profitable blog that is engaging and offers high value for their readers.
If you have a voice and strong helpful message to share with the world why keep it for yourself.
Find a passion or niche that interest you and start writing articles on the topic.
Blogging has become one of the most popular ways to communicate with the audience on any subject.
It offers a great opportunity to express yourself and share information with other people.
The more you write the better writer you become.
Your newly acquired writing skills can also be used to write a book of your choice.
The more proficient you become at blogging, the more opportunities are likely to be opened for you.
Always aim to be authentic, genuine and give value to your readers.
If you do, they will keep coming back for more and more content.
#7: Online Advertising
Another model you could consider is the online advertising where you rent Ad space from your site to companies such as Google via Adsense, Media.net, Amazon Ads or other Ad Networks.
Whenever a unique visitor views a page or clicks on the Ad, you will earn commission usually paid per click or per a number of impressions in a few cents.
You will need lots of clicks or page views to make good money out of it.
This method can be very profitable for you, especially when you know what you are doing and your blog is receiving a good amount of traffic on a daily basis.
If you do decide to take this route, you must beware of the following issues:
- You will need to drive a lot of traffic to your site
- Your site speed could be reduced
- Your site performance could be affected
- The user experience for your readers could be hampered.
Note: Having tried this model, I would advise new bloggers and site owners to wait a bit until when your traffic grows and your blog becomes mature.
You can easily get distracted by not focusing on the most important aspects of your business, chasing traffic and become obsessed with little results to show for.
Once you have sufficient content and traffic, this model could work well for you.
Proceed with caution and try it out for your self and see if this is profitable and is worth it, despite the few negative aspects.
Take Home Message
You can choose one, two, three or all of the recommended business models and profitable ways on how to make money online.
As a new entrepreneur, you are more than likely to start with something easy like affiliate marketing, which will get you up and running quickly whilst you are learning and setting up a foundation for your business.
In the long term, it is better to incorporate many of the recommended models as you can for maximum profit.
Later on, you can learn to transition to the big world of business and do more interesting stuff.
If you wish, you can create your own products and services and have other people promote them on your behalf and you will pay them commission just like other networks do.
You can also still make good money with your own digital products or services by selling them directly on your site.
Creating a sustainable long lasting online business can be very rewarding for you.
It can open many doors for you and will provide you with great opportunities.
However, you must note that not all business models may yield to success at the same rate as others.
You have to put in the work, and show up every day.
There is no magic trick you can apply and the money will flow in just like that.
Select the right business models that resonate well with you and are the best fit for your business and lifestyle.
- 8 Top Benefits Of Starting An Online Business
- How To Come Up with An Amazing Business Idea In 4 Simple Steps
- Quick Guide On How To Start a Blog For Beginners Step By Step
Do you have more business models to add to the list? Please leave me a comment below.
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