I will be going thru 4 Lifestyle Businesses You Can Start Today. Indeed, the day that turns your life around is the day when you get interested in earning extra income online. No matter what your motivations are, it’s a decision that can change your entire life for the better.
Earning money online is appealing because of the lifestyle it can creates and the freedom that comes with it.
With an online business you get to travel the world on your own schedule, going wherever you want, and working whenever you want.
If you don’t care for travel, that’s fine.
You can never leave your zip code if you don’t want to…instead choosing to spend your time with your kids, never missing one of their ball games or recitals again because of work.
That’s another way to enjoy the Internet Lifestyle.
You can send your kids to the best schools. You can pay for their college so they don’t start off real life in debt. You can retire early. Play golf. Read more books. Enjoy more “afternoon delights” and spend time with your significant other.
You can live your dream life thanks to the Internet.
The opportunity is there for everyone.
It works for ALL ages.
Anything is possible.
The Internet is POWER.
The Internet is FREEDOM.
The Internet is TRAVEL.
The Internet is your FAMILY’s SAFETY NET.
The Internet is a Golden Goose that keeps on giving.
The Internet is YOURS.
I know for most people it’s daunting becoming an online entrepreneur when you have no marketing skills and no experience working on the web!
Guess what? Making a living online is truly possible and you don’t need to be a rocket scientist or a marketing guru.
Actually, it turns out that this type of business is more common than you think. And it’s becoming much more common too. In all likelihood, these online business models are a glimpse into the future. One day, we may find that very few of us end up working in stuffy, corporate environments.
To demonstrate just how possible this is today, read on to see some rather impressive statistics regarding online business…
Statistics About Online Earning
- 8% of affiliate marketers earn $50K-$100K
- 12% of affiliate marketers earn over $100K
- Many affiliate products offer up to 75% commission!
- Over one third of businesses are introducing a ‘digital transformation program’ buying into the promise of earning money online
- Another third have already put such a program in place!
- In 2015, content marketing generated 3 times as many leads for businesses as traditional marketing
- 73% of B2B organizations use video marketing
- 78% of companies have dedicated social media departments
- 91% of all consumers check their e-mail daily
- 66% of US customers over 15 have purchased a product via an email ad campaign
- Email advertising has a ROI of 4,300%!
- One in five Americans now work from home (thanks to the internet)
- That totals 53 million freelance Americans
- 54% of marketers believe SEO will be more in demand
- 96% of marketers rely on search engine optimization
- Ironically, search engine optimization is the most popular search term on Google relating to marketing
- Search ads accounted for more than $9.1 billion of advertising spend during the first half of 2016.
I could go on and on!
So the point is, earning money online is indeed something that is going up and that more and more people and businesses are becoming interested in.
What’s more, is that this eBook is going to show you just how easy it is to start marking money online. As you’ll see there are countless different methods you can use to earn money online and many of them are incredibly simple and don’t require any huge upfront investments.
And that’s another exciting thing to consider. Earning money online is something that you can do on top of your current job. This doesn’t have to mean taking the frightening step of giving up your current job and putting all of your eggs in one basket.
You can start earning money online today and only ever have to leave your job once you’re making a stable income and you decide it is safe and sensible to do so.
Or you can carry on running a ‘side business’ on top of your current career indefinitely and potentially double, triple or quadruple your income!
The 4 Core Internet Business Models
There are 4 core online business models you need to be aware of. All other models derived from these main ones:
Selling Physical Products
Example: selling Android TV Boxes through amazon and/or your own web store. That’s the same model I followed when selling the Android CS918 online thru Amazon. You can learn how to do the same by visiting this page:
You can also sell Physical products on eBay marketplace.
The biggest advantage of selling physical products is that the value is in the product. Customer already know and want the product and are just shopping around for the cheapest price.
Some of the main cons of selling physical products are the low profit margin, the inventory investment and shipping costs involved.
Examples: graphic design, SEO, social media marketing, writing, coaching, consulting
Selling your personal services is my second favorite business model. It’s scalable and you can set some recurring billing.
One of the main cons for this business model is that it requires a lot of work in the beginning. Indeed this field is expert driven so you have to master your craft. There are also lots of competitions.
Examples: a traffic generating tool, or a web page building tool.
Selling software or Software as a Service (SaaS) is scalable, it offers a competitive advantage, especially if it offers more value than the competition. You can also easily set some recurring billing.
For this business model the main cons are the skills require to develop the software and the costs involved as well. Although you can hire a coder for this task you end up most of the time overspending to deliver your product to market. Budget control is a key success factor in this business model.
Selling information products
Example: a course on how to become a successful freelance writer.
This final model is my favorite one as it has a high margin (no inventory, no overhead, self-replicating). You can also setup recurring billing and the product delivery is automated (thus cutting down the costs even more).
The main con for this model that I can see if the challenge to communicate the value of the product to customers. With physical products it’s easy as the product is tangible and you can see and feel it. With information product on the other hand it’s difficult for a customer to perceive the value you are delivering unless you managed with some good copywriting skills to explain or “sell” the idea.
Here are other benefits of selling information products:
- It a Business you can build with or without employees
- You can build the business around your passion
- It’s a true Lifestyle business
There are 3 widely known formats for distributing information products:
- Written (ebooks)
- Audio (audiobooks, audio courses, interviews)
- Video (videos, video courses)