You generally hear one of two things when you ask how to make money online.
First, some people will tell you that there are no simple online money making opportunities and that online business has become too complicated. But that’s not true.
Second, some people will promise you that you’ll make millions online. Whilst that is true for some, it’s not common.
If you want make money online in 2016 it can be done, but it does take time and you don’t have to have a business degree to do it. Here are 5 basic business models that generally achieve a good level of success for everyday folk.
1. Affiliate Marketing
Affiliate marketing is a popular way to make money online when people are starting out with their own internet business. Profit is made by promoting the products or services of others and earning a commission. Your job as an affiliate is to promote your chosen products to a target audience and if they buy via your affiliate link, you earn a commission.
2. Information Marketing
People use the internet to find information and many people are prepared to pay for that information online if they can get is quickly from a trustworthy source. If you are a specialist or professional in a specific market you can sell information when people see you as an authority in your chosen field.
3. Membership Websites
A membership website is just the same as being a consultant in the offline world. Your job is to help and counsel clients with your expertise. This is a very profitable way to make money online as people tend to stay clients for lengthy periods. You can also recommend relevant affiliate products to your members.
4. Service Provider
When you provide a service such as writing, design, website development or being a virtual assistant, you get paid for the work that you do for your clients. Freelance websites like Elance and UpWork have countless numbers of customers looking for people like you who are offering their skills in return for payment.
5. Product Creator
This is where you make a profit selling your own products. The easiest products to produce are digital products, like an eBook, report, audio course or video training series. You create it once, and you can sell it over and over as your customers can simple download it when they buy it from you. You don’t even need to be an expert in a particular subject to create a digital product. You just need to know more than the average person on your chosen subject.