General Models of Online Money Making
First model: the affiliate method. This is a method you can use to get customers and make money by being a sales agent and referrer for others’ products without any capital or any need to launch a website.
Second model: you are a mediator between customers and suppliers of products or services. It means you are the broker between the wholesaler and the retailer. This method is sales without inventory or stock (drop shipping method). It can be used to make money online with no or low capital.
Third model: the virtual vendor method, in which you are the retailer. This method enables you to buy from the wholesaler and sell to the customer.
Fourth model: use the Internet to introduce and offer your services with no or low budget. The difference between this method and the others lies in the type of products you sell. In this method, you sell services, not goods.
Whatever can be done to make money online is based on these methods.
Selecting any of these methods depends on resources, geographical location and the degree of your compatibility with them.
For example, if it’s not possible for you to have access and communicate with suppliers, then you can’t choose the second method of making money. In addition, if you don’t have any craft or service to offer, you should count the fourth model out because it’s not suitable for you at all. So, don’t start a business just because others have launched the same business and succeeded at it. Research, evaluate your conditions and resources, and then select your model of making money online.
I have made this example on numerous occasions: you can never turn into people like Bill Gates, whose quotes are frequently repeated. They were in another time in another place and in their geographical location. Furthermore, useful resources were at their disposal that don’t exist in most places around the world and about which we have no idea. It’s okay to learn a lesson from the efforts and successful actions of these thriving individuals and imitate them. However, if you wait your entire life to find a perfect opportunity and strike it rich the way some of these famous people did, then you have chosen a wrong path that will impede your success.
Choose the right business by taking a realistic perspective and considering all of your circumstances.
The first step is to start a business in the right way, and the second step is to develop that business smartly.
That’s how you can step into the path of success. However, you are wrong if you tell yourself that since Bill Gates has presented the Windows software and succeeded, then you have to go after the same industry. Even if you can design an operating system, you have stepped into the path already taken by others before you. Therefore, you are likely to fail as you do not bring new things to the table for the world to enjoy.
In the following sections, each model of making money online will be thoroughly described.