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?
Social media 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.
All till I had enough of the pains and the suffering of working hard and I had to look for any other way to earn a living and I did not know anything about online business al till I received free training videos on the internet from a woman name Bei Meer free training videos series workshop on how to start an online business from scratch
And the free training videos changed my life and shifted my thoughts about online business. There was a time when I thought that I have to know everything about online business and I have to quire skills before I can start an online business
However, these free training videos made me understand that online business is about learning and applying that anyone can start and run a successful online business at any level. That no one needs skills or need to know everything about the online business before getting started with it.
With these free training videos, I discover how to start an online business from scratch even though I had no skills in less than 4 months got my online business running
If you are interested in starting a successful online business and you are looking for a genuine way to go about it put your name and your email address on the blue link below and I will send you the free training videos series I have used to discover how to start an online business from scratch
These free training videos that will soon be in your possession is responsible for thousands of people around the world to start online businesses from scratch to be successful
I believe that an online business is not for everyone and if you are not interested in starting an online business to build success you can unsubscribe at any time, we will go on our separate ways and you will never hear from me again
However, if you become successful please reach out to somebody to change a life for the better with the same free training videos series workshop
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.
If you have any question reach out to me via my website www.sandrakiers.com on the contact me page you will find all my contacts details and don’t forget to sign up for the free training videos series workshop on how to start an online business from scratch
Please visit my website for more great contents, and I hope to be seeing you around