5 Most Profitable Online Business Models To Choose From

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The Internet has provided the businesses models to generate great wealth, and there are online business models that can easily result in passive income, however, there is often a bit of subjectivity to each model and some overlap, in this blog you will get a better understanding of the primary internet online business models you can do to make great wealth

 What are the five most profitable online business models?

  1. Social media model

  2. Affiliate model

  3. subscription model

  4. E-commerce model

  5. Advertising model

 Let Get Started!!!!

1. Social Media Model

Using social media to run a business is highly profitable. You can sell products and services through any social media platform to become successful.

Facebook with over 2.7 billion users, is the most successful. But there are also other social media platforms like YouTube Twitter, Linked In, Google Plus, Pinterest, etc. And how do these companies generate revenue?

This social media business model works by offering a free online service (in this case the service is social networking) and then selling targeted ads to the users.

The users do not pay anything to use the service. As these social media platforms home page read, It’s free, it has always been and it will continue to be.

The reason advertising is effective on social networks is because companies can buy ads on a pay-per-click basis (similar to Google’s PPC ads).

And these ads can be laser-focused on a very specific target market. Effectively, it’s the billboard business model version two.

In 2019 Facebook generated $69.7 billion in revenue and 98.5 percent of these revenues were made from advertising and less than 2 percent was made by payment and other fees.

Virtual goods sales are increasing rapidly and represent a very different business model than the targeted billboarding of internet advertising.

 

2. Affiliate Model

Affiliate marketing is one of the very most successful internet business models in today’s world, and it’s is the simplest and easier online business to make money from.

This is how affiliate marketing works:

Affiliate marketing is a business that sets up an “affiliate program” where it offers a financial incentive to affiliates for each visitor brought about by the affiliate’s own marketing efforts.

Typically the affiliate is given a unique “affiliate link” which is tracked by the business. Every time a sale is made as a result of this process the affiliate receives a percentage of the sale.

As an affiliate marketer you must build trust with your followers in that case they will trust you and want to purchase any products or service you offer them

 

3. Subscription Model

Websites that use the subscription business model require users to pay a fee (typically monthly or yearly) to access a service or product.

With over 200 million subscribers, Netflix is one of the most successful companies that use the subscription business model. In 2011 Netflix generated $5.77 billion

Another way companies profit from a subscription business model is by combining free content with “premium” (i.e., member-only) content. In this freemium business model, companies like LinkedIn use this strategy to encourage users and charge the best users.

Most of LinkedIn’s 660 users are free members but the social media company did make $8.5 billion in 2020 revenue

 

4. E-commerce Online Business Model

The e-commerce online business model is one of the most profitable Internet business models. The e-commerce model is a business model that goes back thousands of years. But the Internet has provided a tremendous opportunity for e-commerce to grow at an almost unbelievable rate.

E-commerce is someone who sells goods over the Internet to customers for a profit, and by law will have a duty of care to the customer due to the knowledge of the products he or she sells.

It could be electronics, furniture, clothes, office articles, cars or books, etc. however the concept is the same. Again this business model is not new however the new generational business owners have figured out how to leverage the buying power of customers on the Internet.

 

5. Advertising Online Business Model

The advertising business model is an extension of the traditional media broadcast model. But now the “media” company is a website Google, Yahoo, etc. And just like in radio or TV the “media” company provides viewers, or users, with free content and services.

The more people the media company has watching them (or using their service) the more money they can charge for targeted advertising, or hire targeted advertising companies to market for them. Google has the market on the Internet advertising model.

In 2020 their annual revenue was $160.74 billion (compared to about $100 million in 2001). This Internet business model relies on heavy traffic to the website.

A person using this model must provide a valuable service that lots of people use on a regular basis (i.e. Google search, Gmail) in order to command high prices from ad space.

While there are other Internet business models out there these five are the most popular. Now that you know that online business is the future, and it has great benefits of flexibilities, and opportunities to create great wealth.

Are you ready to start an online business to create good income streams and build passives income that you will never have to worry about money ever again, and you don’t have to work hard to earn a living thanks to the internet

I earn my living on the internet from the comfort of my home at my convenience time, even when I am at sleep my online business generate income and I don’t have to work hard for money

But it was not always like that, I used to be working very hard for money to survive I was traditional self-employed in the service as a hairdresser, and a masseuse for about 9 years I had to work 12 to 14 hours a day six days a week.

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That is it, for now, thank you so much for taking your time to read my article, and please leave a comment let me know what you think.

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Please visit my website for more great contents, and I hope to be seeing you around

Kindest Regards,

Sandra Kiers

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