There’s literally dozens of ways you can make money online. Instead of being a benefit, this causes a stumbling block for most newbies. Why? Most get confused because there are so many different business models to choose from.
Some internet marketers have their hands in three, four or more different business models. This can be done with experience, but it spells disaster for beginners.
To successfully make your first $1,000 online, you need to choose just one business model, and stick to it.
Here are 3 business models I’d recommend for beginners:
1. Affiliate Marketing
Affiliate marketing is, in my opinion, the number one way for internet entrepreneurs to get started.
Why? Because…
- You don’t need any startup capital
- You don’t need to keep and track inventory
- You don’t need to take orders, ship products or worry about refunds
- You don’t need to have your own product
2. Auction Businesses (e.g. eBay)
eBay has been a huge income earner over the years for a lot of people.
One of the best things about eBay (and auction businesses in general) is that those who would normally shy away from starting any other internet business, are able to make serious incomes from home without a website or a list.
Not only that, but because eBay gets an insane amount of traffic, you don’t need a huge advertising budget for people to find your auctions.
3. Blogging For Profit
If you enjoy writing, blogging might be a profitable business model for you.
The key with blogs is having both high-quality content and the implementing proven monetization techniques. The most profitable blogs use a mix of Google Adsense advertising and affiliate products.
Having a goal to make your first $1,000 online in roughly 30 days may seem difficult. So try breaking it down:
$1,000 in 1 month = $250 per week or $33.34 per day
Wow! Now, that should get you excited. Certainly you can make $33.34 per day?
Each of these models works. Take action and make your goal a reality!
Another Business Model which might help a beginner to get their first $1000 online is to sell services, if you go to freelancer websites such as elance.com and freelancer.com and even fiverr.com. You will find tons of people looking for work, for example their literally hundreds of web designers avaiable wating for work to be given to them.Somebody new could start earning money by finding people locally who need stuff done online e.g a hairdresser shop may need a website done so you got to one of the website I recommended above and get them to do the work and you deal with the customer who would be the hairdressing shop owner. You get the shop to pay a 50 % deposit upfront and you go and take some of that 50% to pay for the website and negotiate a price for it to be built. You might only need a 2-3 websites within your first month to make your first $1000 online. You just have to go and talk to potential clients so go and ask in the local shops that you go into or ask friends and family if they know someone who needs a service. You dont want to stop at just a website either you could offer social media management, email marketing, articles, logo design admin work and many more other services. You dont have to go offline you could offer your services online at certain forums such as the warrior forum, digital point and others. What do you think John?
Lee
Hi Lee, thanks for this strategy. It is a fantastic one! Especially for newbies. John