I think starting a business online is one of the best things that anyone can do. Building an online business can mean extra income for you and your family.
It can develop into full-time income and create time-freedom. All it takes is deciding what type of business you want to pursue and taking consistent action to make it happen.
I’ll share with you three online business models. You can choose any of the models as the fastest way to start an online business for yourself.
Become an Affiliate Marketer – An Awesome Internet Business Opportunity
Affiliate marketing will always hold a special place in my heart. It was how I got started and it is what I do today.
Discovering it changed everything for me in terms of how I viewed earning income. A brief definition of what affiliate marketing is:
Affiliate marketing is the promotion of another company’s products and/or services in exchange for a commission when a sale is made.
It all started for me with a job interview. I interviewed at a company in which the owner had success selling an eBook that taught how to make money with affiliate marketing.
At the time, I had no idea what it was but right after the interview I went home and began searching the web for more information.
I quickly discovered that it was a huge industry and that people were earning a full-time income online using their websites.
What attracted me to this method of making income online include:
- You don’t need your own product
- Low start-up costs (under $100)
- Work from anywhere with a WiFi connection
- No shipping
- No customer service
- Unlimited earning potential
Although I knew about affiliate marketing for years, I only did enough of it to earn a few dollars here and there.
It wasn’t until a job layoff that I decided to take affiliate marketing seriously. I decided to find an online training course, study it, and build my business.
I also had to find another job in the meantime and I applied for a retail job.
I didn’t want to go back to an office environment and I figured it would give me the flexibility to study my training and work on my website.
The job did allow that but it was also physically demanding. If you have had a retail job or know someone who has, you will understand.
I would study my training and work on my website before work, after work, and on my days off.
Thanks to my persistence, I was able to quit that retail job fifteen months after starting it.
How to Get Started with Affiliate Marketing
As an affiliate marketer, you will come across a plethora of ways to get started. The way I got started and recommend to others is to create a niche website.
The reason why is that it is easy to get started and maintaining a niche blog will develop a lot of important skills such as:
- Keyword research
- SEO (search engine optimization)
- Content creation
- Writing with intent
- Writing for conversions
All that you need to get started is:
- A niche
- Domain name
- Web hosting
Once you have your WordPress website up, you can begin creating helpful content that answers the questions and concerns of your target audience.
Successful Online Businesses with Dropshipping
Dropshipping is a great way for anyone that wants to have an eCommerce business to be able to without investing a ton of money.
One of the biggest benefits of dropshipping is that you do not need to buy any inventory up front. That saves a lot of money and makes it a low-cost business to start.
The dropship model is a simple process. When a customer orders an item from your store, you then buy that item from your dropshipping supplier.
You also provide the supplier with the customer’s shipping details. They ship the item directly to your customer.
The difference in price between what you charged your customer and what the dropshipping supplier charged you is your profit:
There are a few things that you need to get started starting with the niche that you want to build your store around.
Once you know what type of products that you want to sell, you will then to locate dropshipping suppliers.
If you want to save the hassle of finding suppliers on your own, you can use the same resource that many other dropshippers use and that is AliExpress.
AliExpress is one of the largest online retailers in the world. They are made up of merchants primarily based in China.
What makes them such a great resource for dropshippers is that they offer a wide variety of products. There are no requirements or fees to pay to start selling products.
Finally, you will need an eCommerce platform to begin selling. You have many options but I’d recommend using AliDropship to open your store.
AliDropship is a WordPress dropshipping plugin that turns a WordPress website into an AliExpress dropshipping business.
Start a Small Online Business By Selling a Product or Service Using Sales Funnels
Maybe you already have a product or service that you want to sell but you don’t know how to go about selling it online.
A sales funnel is a type of website that leads your visitors through a buying process. It begins by capturing your visitor’s email address.
Once you have their email address, they will go through your sales funnel. Some people will convert and buy what you are selling.
Those who do not will remain on your email list and you can continue to send them valuable information as well as the occasional product promotion.
Sales funnels are ideal for all types of businesses both online and offline.
Some businesses use them to generate leads (attorneys, real estate agents, etc.) and some use them to get gain new customers (restaurants, retail stores, etc.)
I even utilize sales funnels for my online business. I can’t think of a business that wouldn’t benefit from a good sales funnel.
All three of the methods listed above are all great ways to start an online business fast. What is great about all three is that they can all be run online.
Running an online business is my favorite thing to do. It has provided me time-freedom and allows me to be as creative as I want when it comes to growing my business.
Which of these online business models attract you? Leave your feedback in the comments below. I wish you much success in your future online business!