How to Do Online Business: 5 Best Models in 2015

Most people nowadays are intrigued on how to do an online business that they can operate from the comfort of their home. With reduced operation costs and some tax benefits, there are really no excuses not to start an online home business today. There are even business models where you can take your business with you anywhere in the world and, there are also options where you don’t really need to spend money upfront when beginning. Whether you do it as part time work to supplement your income or you fully engage in it, with due diligence, proper research and hard work, success would be inevitable.

Here are the 5 best online businesses that you can start immediately, even after reading this article:

1. Affiliate Marketing

If you are new to internet business and keen to start an online marketing business, this is the safest way to go. Affiliate Marketing is all about marketing other people’s products where you are an affiliate of. You get paid by receiving a commission from every sale made through your marketing efforts. The advantage of this business model is that, you don’t need to worry about creating your own product which could be overwhelming if you’re just starting out. Also, there are affiliate networks that pay instant cash to your account for every sale made, therefore giving you instant profits.

But how do you make this work? You need to be running consistent and daily marketing campaigns that bring you potential buyers. There are many ways of doing this. You can start building an email list. You can send your marketing emails to that list later on. You can also start establishing yourself as an authority in the market you have chosen. When you recommend products to that market, they are more likely to buy because they already know, trust and like you.

The question now is, how do you establish yourself as an authority? Begin asking yourself. How did you trust the people you trust and respect in your most favorite topics? Perhaps you must have liked the information they provided in the past. You must have seen them in certain media and that caught your attention. Follow their trails and learn from their steps.

2. Digital Product Selling or Reselling

This is the business model to use if you have your own product that you can sell. It could be an ebook or a series of newsletters focused on a topic. It could also be modules of video training where you’re teaching about a specific topic, or audio recordings about your interview with field experts. As long as it is packaged in digital format and can be delivered via websites through exclusive access or downloads, and it’s all about a topic of interest of a particular market, then it’s a profitable business to follow.

Digital product reselling is when you did not create the product you’re going to sell, but you have the license to resell granted to you by the product owner when you bought the resell rights. This is also a profitable business model to implement which is a wonderful alternative to product creation. There are product creators who specifically create products for reselling. Once you have found a good source where you can buy top-notch quality digital products, then you are good to go with your reselling business. You need to be aware of the terms and conditions that the product creator cited in the license agreement. Other than that, you can keep all the profits from your digital product reselling.

3. E-commerce Store Seller

If you have your offline business of selling retail products or you have physical products that you want to sell online, you can set-up an eCommerce store where you wait for orders from customers who are shopping online. There are now many eCommerce websites with online store builder software that allow you to quickly set-up your own store platform according to your preferences. There are also ready-made systems where you just need to upload the pictures of your products and assign prices to each of them, e.g. Shopify, Square Space.

One good strategy to sell physical products is to allow an affiliate system to help you sell the products in exchange of your giving out commissions. This becomes extremely profitable if you find a good and cheap source of that product, and so you can sell it 5x or more through an affiliate system. This is actually a simplified definition of drop-shipping. Example of companies you can do this type of business with are Amazon, Ebay and Shopify.

4. Ebook Publishing

This is the path to follow if you have a passion for writing fiction or non-fiction and you are fond of authoring books. However, this is also for you if you like developing good content, even through outsourcing and you want to turn your content into an ebook or series of ebooks. You are going to use ebook publishing platforms such as Amazon Kindle Direct Publishing, Smashwords, Kobo, Barnes and Noble’s Nook, Apple’s iBooks and many others.

To make this business model to work and become profitable, it is important to include other forms of promoting your ebooks or brand. Don’t only focus on ebook publishing by itself, but make it a part of a bigger book campaign. It works well with using social media (Facebook works great!), regular blogging and also building your subscribers’ list.

5. Web Services Provider

If you’ve been a web service provider for such a time and have established a client base, you are now well equipped and ready to expand your services to help more clients by forming a team of web service providers just like you. Instead of doing the job yourself, you’re now in the business of recruiting and training team members, and managing them and the workload, for the web services you offer.

Providing web services is a lucrative work from home business model. It may include jobs like website setup, hosting setup, design and customization, SEO optimization, providing web content and web traffic, etc. If you’ve developed an expertise in web development and would like to help individuals or companies fulfil their website goals, and you’re willing to duplicate your working capacity through outsourcing to other providers just like you, you can venture on this type of business.

However, know that you now need to focus on activities that will get you more clients, make your system of providing services more efficient, honing your team and providing an excellent help desk for your clients. You may have to do the bulk work while setting this business up, but when it’s running, and you’ve got people working with you, much of the work is done. You just have to check on them on a regular basis. The good thing is, all these can be done at home or anywhere with an internet connection.

Why Not Start Today?

The question, “How to do online business?” can now be answered with absolutely simple, easy and quick methods. The internet opened up doors of opportunities that allow us to kick start online home businesses with zero to very small start-up costs. There are many marketing channels available for you to implement to bring customers even for the long term! Do your due research, learn from others, choose what you would like to do and it doesn’t need to be perfect. Secure a better financial future for yourself and your family by creating digital assets today!

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