3 Top Online Business Models to Generate Profitable Income Streams from Home, in Your Own Time, at Your Own Pace...
How to Create Success and Financial Freedom to Suit Your Needs and Circumstances!
"Love What You Do and Do What You Love."
Ray Bradbury (American author and screenwriter)
Do you wish you could work from home, in your own time and at your own pace, with the flexibility to arrange your life and working schedule in a way that is convenient for you?
Well, up until a few years ago, I was in exactly the same position. My career as a teacher had come to a premature end because of an auto-immune disorder, and I needed to try and find a way to work from home without having to spend years retraining or taking large monetary risks.
So, I started researching different ways to earn money online. I needed something that didn't require a large upfront investment, and wouldn't take a great deal of time to set up.
I discovered that despite it being easier than ever before to set up a business venture now in our technological world, it's not always easy to figure out how to go about it! The sheer amount of choice can be overwhelming.
Plus, if you're anything like me, and don't know much about tech. stuff, and even less about how to go about setting up a business, the prospect is quite daunting!
So, in this post, I have outlined three of the top online business models, that are reasonably straightforward to set up, and in my opinion, can start generating profit relatively quickly. Plus, they do not require a large upfront investment.
The 3 Top Business Models
It can be quite confusing to choose which online business model to start with, especially if you're new to business.
And if you have restrictive circumstances, or limited time availability, you don't want to start with something that isn't right for you.
Plus, no one wants to commit to something and invest time, effort and money, only to realise that it wasn't a good choice.
Therefore, it's worth looking at the basic pros and cons of each of the top business models to help you decide:
Affiliate Marketing
Affiliate marketing is a business arrangement between a company or business owner and the marketer, where the marketer earns a commission for referring new customers to the company.
It is possibly the cheapest way to get into business, requiring minimal investment, and it's the most straightforward 'hands-off' type of business model.
Affiliate marketing is also one of the most easily scalable types of business models. When companies and / or business owners sell high-ticket products and services to their existing customers, the affiliates who originally referred the customers to them receive proportionate commissions.
Pros and Cons of Affiliate Marketing:
Pros 👍
- Minimal upfront monetary investment.
- Potential for multiple automated income streams.
- Potential for unlimited income.
- Complete control over what you choose to promote.
- No production costs.
- No responsibility for quality control.
- No requirement for fulfilment of orders.
- Total flexibility for your working hours, time off, and vacation schedule.
- Total freedom of location.
Cons 👎
- Not always easy to find suitable affiliate programs.
- Not always good commissions paid.
- Success intrinsically linked to the affiliate company / companies.
- Lots of competition.
Conclusion:
Affiliate marketing is one of the most frequently used business models for new business owners. It’s also the least expensive to set up. With this type of business, you simply promote products and / or services offered by other businesses and earn a commission on the sales.
You can promote whatever product or service you feel aligned with and you're not under any obligation to continue promoting something you no longer wish to.
If you choose the product or company you wish to promote carefully, you can definitely use this type of business model to create a hyper-profitable business with no upper limit to your potential earnings!
Affiliate marketing can work for you, earning you money round-the-clock, 365 days a year, without you having to make any extra effort.
e-Commerce
Another relatively simple business model is e-commerce. With modern selling platforms, the buying and selling of goods can now be done almost completely automatically, with the seller not having to get involved with any part of the process. The taking of orders, processing payments, packing, shipping, and even dealing with returns and refunds is done by the automation process.
The Pros and Cons of e-Commerce:
Pros 👍
- Potential of reaching a global market.
- Very low advertising costs compared with traditional 'brick-and-mortar' businesses.
- Minimal overhead costs compared with traditional 'brick-and-mortar' businesses.
- No storage requirements.
- Potential for automated fulfilment of orders.
- Easy access to diverse range of products.
Cons 👎
- Very competitive market.
- Minimal possibility for personal customer interactions.
- Lot of marketing required.
- Higher security risk with cyber threats.
Conclusion:
e-Commerce is all about selling physical products online. But once more with the use of modern selling systems, you don’t have to handle any goods yourself. You can buy in bulk relatively cheaply, then sell your products through internet platforms like Amazon FBA (Fulfilled by Amazon) which does all the work on your behalf, to kick-start your business. And you can do all this without ever having to find storage, or process orders, or take payments, and without having to calculate shipping costs for your stock…
This of course leaves you free to deal with the marketing and advertising side of your business, which you can do around your existing commitments in your own time.
Also, with online marketing, you now have access to the unlimited sales potential of a global market, and companies like Amazon, allow you to reach that global market with ease!
If you have experience, knowledge or expertise in a particular field or subject, another very good business model to consider is starting a consultancy, or coaching business.
Modern technology has made this type of business model extremely easy to set up and run.
Almost all forms of teaching, mentoring, consulting, or therapy can now be done online, with the facility to reach an international clientele.
The Pros and Cons of an Online Consultancy
Pros 👍
- Potential global client base.
- Potential to provide your service from any location.
- No office premises required.
- No daily commuting costs.
- Potential to maintain lower session costs, and / or raise profit margins, due to lower expenses.
- Less likelihood for clients to cancel due to disruption in transport services.
Cons 👎
- Less personal interaction with clients due to digital interface.
- Reduced effectiveness in gauging client reactions through body language and eye contact.
- Sessions totally reliant on good internet and cloud services.
- Lots of competition.
Conclusion:
If you have expertise or experience in a particular field, or are a trained coach or therapist, you could set up your own online consultancy. Genuine help, advice and support is invaluable, and people who have a sound knowledge base or experience can now run their practices from home offering their services via readily available online interfaces like Zoom or skype.
Now with the use of modern technology, coaches and therapists can offer their services to an international client base, with next to no overhead costs, limited only by a language barrier, and the amount of time they wish to spend in session.
How I Got Started
My bad health for all intents and purposes, had ruined my life. I suffer from chronic fatigue syndrome, an autoimmune disorder which became debilitating.
I had been a teacher, and looked forward to building a rewarding career for myself in my chosen profession.
For a long time, it was simply that I felt exceptionally tired all the time, but I had become used to it. As with all autoimmune disorders, chronic fatigue too is a progressive illness. So, I took it in my stride and carried on.
But then I started collapsing at work. I tried to struggle on for as long as I possibly could but was eventually forced to quit.
I tried part-time jobs, and took up giving private tuitions, but little by little my health got progressively worse until sometimes I could barely stand. At that point, I had to admit that I was no longer well enough to go to work.
As my health continued to decline, I sank into a terrible, terrible depression.
It seemed my health issues had robbed me of all my dreams, hopes, and ambitions, and I was left with nothing.
With my savings nearly gone, I knew that unless I could find a solution, there would be nothing to look forward to except a life of poverty and despair...
I had to try and find something I could do from home, at my own pace, and in my own time.
But I didn’t know what…
I thought of online business opportunities, but most of the options I found required large upfront investments, and I simply didn’t have the money. Or they were extremely time-consuming with meagre returns. And many required a substantial degree of technical knowledge that I didn't have, which I would have to spend time and money learning – before I could even begin setting up my business.
I started wishing for a ready-made solution, a sort of 'tried and tested blueprint' that I could follow and find a means to make a living...
But where or how I didn’t know…
A Tried and Tested Blueprint!
Then one day my sister phoned me to tell me about an ad she’d seen about starting up a "hyper-profitable online marketing business from home" – with no prior knowledge, skills, or experience required. She said she’d sent me a link and wanted me to check it out.
I told her I would, but to be honest I didn’t take it seriously; I had seen so many ads and they were all about the same, promising easy solutions with grandiose claims. I assumed it was probably the same type of thing. I thanked her for it and put it out of my mind.
A few days later though, she phoned me again and asked if I’d "...checked out the videos..." I had to admit I hadn’t.
“Are you okay with the way things are for you right now?” She asked.
The fact is – I could no longer bear the situation that I was in. She made me promise I’d watch the videos…
And I am so glad I did. To my amazement, this was pretty much exactly what I had been looking for! Not only was there actually a "tried and tested blueprint" that I could follow, but it included step-by-step expert guidance and training, as well as technical support.
So confident was the company that it gave a guarantee for success if the blueprint was followed through diligently and consistently!
I knew I could succeed as long as I followed through!
There were several "earn-as-you-learn" training programmes, with a self-study DIY option, and various others offering different levels of guidance and support.
All the programmes included a number of payment options, including affordable subscription-based payment plans.
I started off with a subscription based, self-study programme; the training videos were extremely good, and I was able to build my website and set up all the marketing platforms, despite having pretty dismal technical skills!
It was hard work in the beginning; I had to learn lots of new skills, and there were times when I found myself really struggling, but there was always support at hand if I needed it.
I also had to do a lot of budgeting to be able to afford the marketing, as well as my subscription, but I knew this was my ticket out of the hell-hole I had fallen into and I was determined to do whatever it took to change my situation. I cut out anything and everything that wasn't absolutely essential in my life, including many food items like snacks and treats. I stopped going out. I gave up my TV license. I gave up whatever I possibly could!
To many of my friends, it sounded harsh and ridiculous, and a few of them tried to dissuade me from continuing, but I knew I couldn't listen to them and jeopardise my future. I was on a mission to create a better life for myself.
And it has all been worth it every step of the way! Since then I have built several websites and set up two businesses. I know now, that I will never look back – I'm doing something I love and feel is worthwhile, something that I genuinely enjoy, and creating my perfect life.
I am building a successful business, re-establishing my career and creating a satisfying and fulfilling life… A life full of passion and purpose… Something that I couldn’t even have dreamed was possible a few years ago!
If you are completely new to online business – I would suggest you consider starting off with affiliate marketing. It is the most straightforward business model to use. Pretty much all the work is done by the company whose service or product you choose to promote, and you can start making money almost from the start.
For most people, when it comes to setting up their own businesses, what they want to know is, whether it is something they can do and how much will it cost them...
Well, in today’s digital age, it certainly is very doable, and it definitely doesn’t cost a fortune! With consistent effort and dedication – you can succeed as long as you follow through!
Having said that, it does take time and effort to set up a business and it's really important not to give up, or become disheartened. You have to give it time; and believe in yourself and your ability to succeed.
The main thing to remember is – once you’re over the initial period, found your style, and started making a profit with something that works for you, you can repeat the process over and over again.
As long as you are sincere about what you're doing and work consistently and with diligence – you really can create a hyper-profitable online business from home.
In the words of entrepreneur and top motivational writer, Tony Robbins:
"We can change our lives. We can do, have, and be exactly what we wish."
You can start today by getting the free training offered here!
It's a 4-part video series presented by one of my mentors, that has helped thousands of people all over the world, set up businesses from scratch, and create the lifestyles that truly suit them. And all without having to fork out huge sums of money in upfront investments.
The series is completely free, and you will not be pressured into buying anything.
So, take advantage of this amazing offer and start building your business today!
You'll receive full support throughout the process, with as much or as little help as you feel you need. So - click on the button below and get started today!
You can start today by getting the free training offered here!
It's a 4-part video series presented by one of my mentors, that has helped thousands of people set up profitable online businesses from scratch and create the lifestyle that really suits them! And all without having to fork out huge amounts of money on initial investments.
The series is completely free and you will not be pressured into buying anything.
Take advantage of this amazing offer and start building your own online business today!
You will receive full support throughout the process, with as much or as little help as you feel you need.
So – click on the button below and get started today!
N.B This is a genuine, fully guaranteed opportunity to start your own online business without any obligations. *
START GENERATING HYPER-PROFITABLE INCOME STREAMS FROM HOME, IN YOUR OWN TIME, AT YOUR OWN PACE...
Get this amazing free training, that has helped thousands of people change their lives and create success and financial freedom!