When you write to Google (making money from the Internet), you’ll see dozens of different articles. However, many of these articles are speculative ideas that are not well researched.
So how can you distinguish between a good business idea and a bad business idea? In this article, we will talk about 6 basic methods that can be a real source of income for you and you can do it over the internet. 6 different business models.
Now let’s first look at 2 basic rules on internet monetization.
Rule 1: The main issue is the customer
When starting an online business, we recommend that you avoid sentences that begin with (I).
Instead, you should start with an idea that might be useful to people.
(I enjoy helping people fit.)
(My friends always ask me for recipes. I can teach them all the recipes I know as much as I can.)
Let’s look at these sentences. On the basis of creating value for other people, that is, to the customers, to provide them with a benefit.
Yes, the internet makes money, more free time, more money, the reasons come from the reasons such as working. However, online business is not established for such reasons. These are not your starting point, but the goals you want to achieve.
First, you need to look at what customers want, what kind of things they need. When you solve these needs, you start making money anyway.
Rule 2: Being Passionate Is Not Enough
This is one of the most useful facts to learn on the road to successful entrepreneurship. Just because you love something passionately doesn’t mean you’re going to make money from it. Of course, having something you are passionate about, turning your passion into work is a beautiful and important thing. But developing an idea of passion alone is not enough to sell that idea.
What kind of business model will you develop that you are passionate about? Who will be your customers? How will you make a marketing campaign?
It is very important and even imperative that you provide sound answers to these questions.
Top 6 Methods for Starting a Business on the Internet
We can say that there are 6 proven methods to establish business and make money from the internet. Developing software and mobile applications
- Product sales (e-commerce)
- Sales partnership
- Consultancy service
- Online courses
These 6 frames make it easier to see how the business idea in your mind can be implemented. You also do not need to leave your salaried job and take various risks to start a business online.
Let’s examine these 6 methods a little more closely.
Making money by developing software and applications
Everyone is trying to develop phenomenal apps like Snapchat or Instagram. Developing such large applications among software developers is a big target.
We hear the startup news that gets millions of dollars (or dollars) for the software it develops every day. Why wouldn’t one of these startups belong to you?
Of course, many people obviously don’t know how to write code. It may make more sense to transfer the idea of software or application you have in mind to a technical person and deal with the marketing of the business.
Or you can do the code, hand over other things to others, your partners. In the world of software and applications, it is of utmost importance to shoot a target at the target. Developing something that no one else will buy or use is a waste of time and cash.
If you have niche products that affect customers, you can sell them online. If you are not an internet enthusiast or you cannot manage a web page yourself, you can open your own online store on eBay or e-commerce sites without any charge. Or you can hire someone to design a website or do it yourself.
The e-commerce sector is growing by more than 20% each year. But to get a small slice of this big cake you have to be very smart. You should do a detailed research from the products you sell to your profit margin. Keeping customer satisfaction high with your after-sales support is vital to this business.
Blog: According to the size of the site, people who buy ads on the website earn a certain amount of money from this job. If you get traffic to your website and your website is relevant to a lucrative topic, you will earn 5 pounds a click. However, if your website isn’t very attractive to advertisers, you’ll only earn a few bucks a click. In other words, the traffic to your website should be intense and a mass that can show interest in ads, which is not easy to achieve.
Youtube: Another platform where you can make money from advertising is youtube. If you can reach a certain audience with your own fun and informative videos, you can earn money as your videos are watched.
However, this is not as easy as the slogan (upload video, make money). This job, like any other job, really requires effort and patience.
Instagram: If you can reach a certain number of followers in Instagram, whose popularity has increased day by day in the last 2-3 years, we can say that companies will line up to give you special advertisements.
You can make money by promoting the products or services of others without stocking up any inventory. In affiliate marketing, the advertiser pays a predetermined commission per sale to affiliates in exchange for marketing their products or services online. Affiliates market advertiser’s campaigns through many different channels. Affiliate ads are placed by adding linked articles to websites, blogs, and pages (your content is powerful and engaging, but you should keep it from appearing as spam), product positioning videos, and banner ads (not very productive, people don’t like). You can also do affiliate marketing without an internet site if necessary. For example, you can share videos that contain links to the product on Youtube.
For example, you write reviews and reviews on shavers on your website. If people click on the product links you place in the article, you will receive a commission from this purchase.
If you do your niche research correctly, you can earn serious money from this work if you write quality articles, but we can say that it is not an ideal method in the long run.
Consultancy etc. Online Course
In counseling you deal with several customers, regularly support them in your area of expertise, and your hourly rate is high. When you teach online, you have a lot of students. You’ll deal with things like preparing for the lesson, shooting videos, but you can sell the lesson you’ve created once in a lifetime.
The main advantages of consulting are as follows:
- It is a quick method of starting a business.
- You can set a high price policy based on the value of your business.
- You can learn very useful things from the clients and use this information to grow your business.
Counseling also has certain disadvantages. For example, you have a limited number of customers, you may have to travel and work 24/7.
Online courses are a low-risk, high-return business model. You sell videos or materials that you prepare with a specific topic. For example, if you are a master at color editing in Photoshop, you can prepare a 15-video lesson on this topic and sell it in places like Lynda, Udemy.
The main advantages of online teaching are:
- You have access to thousands of people from every country in the world.
- Produces content once, you can sell for life.
- You have the opportunity to grow your business unlimitedly.
In this context, we can say that the most ideal online business idea (selling courses) is one of the methods mentioned above. To do this, we will examine the topic of selling online courses in more detail.
a) What Kind of Course Content Can You Produce?
Think about your skills and think about which one you can produce a 2-hour syllabus.
Let’s give you some ideas to help you.
- Digital marketing
- Playing the piano
- The English
- Career counseling
- Video editing
- CV writing
- Podcast production
- Cheap ticket purchase techniques online
- Text writing
- Landscape Photography
These are just ideas that come to mind. You may have a greater ability and equipment. For this reason, you should think about your own skills and produce a course that suits you.
You have to ask yourself these 4 questions to decide.
b) Which Services Do I Pay?
As individuals we buy many services.
- We’re cleaning our house.
- We are a member of the gym and do sports.
- When we go on holiday, we entrust our cat to a person and pay him.
- Think about the services you currently pay as you money.
c) What Kind of Skills Do I Have?
Now, think of your talents. In which field people can pay you money and buy a service from you.
- You may be fluent in German.
- You may be using programs such as Excel, Photoshop, Autocad very well.
- Or you may be making very good Mediterranean cuisine dishes.
List the 10 skills you have.
d) According to my friends on which subject am I very good?
Which feature do you know best among your friends? A friend will cook, will you call first? When you start sports, do you think of it first? When he’s going to have his home’s interior designed, will he ask your opinion?
You can turn all these things into a successful business. So, ask your friends and family to evaluate you.
e) What Do I Do on Saturday-Sunday Morning?
What do you get up on Saturday-Sunday morning when everyone’s asleep?
How do you evaluate this time zone?
Do you surf the Internet? Watching Youtube? Reading comics? Watching a movie? Are you making models?
Or ask the following question: If you need to spend 3 hours in a room with 2 people, which topic would you most talk about?
This method is very useful to determine your ability, equipment and passion.
15-20 items in total. You can identify the 5 items that you are the best and start preparing an online course content on the most relevant items.
In the process, these kinds of questions will keep wandering in your mind.
- What if I’m not as good as I thought?
- I’m preparing an online course, but I don’t even have a website.
- What kind of program should I create a video?
It is important to stay calm at this point. If you have taken this path, you can be sure that you will find a way and prepare a wonderful lesson.
In the rest of the article you will find quick ways to make money on the internet and also general advice for those who want to succeed in the internet world.