Making money online has become an even more popular topic as of the recent spike in unemployment due to Covid-19.
Even though hundreds of thousands of people have been successfully making money online for a decade now, it’s still a complex topic with a ton of misinformation and misguidance.
When you first start learning about the ability of how you can make money online, you start learning about all these different techniques.
Some of them require a ton of past experience.
Some of them are blatantly horrible business models that are only taught to sell you a product.
Some of them even require thousands of dollars to even start.
So which one is the best one to start without having to spend a dime?
What is the best business model that is perfect for beginners that isn’t just a trend without investing any money?
Well, in this post you’re gonna learn exactly that.
After 10 years of experience, I can safely say that I know a couple of pretty effective methods to make a really good amount of money (depending on how hard you work & other variables) that can scale to 6 or 7 figures per year.
With that being said, I’m share with you my best information but the onus is on you to take action on the information.
This post was last updated on – 19th September 2021.
Let’s jump right into it!
Basic Fundamentals You Need To Know
Before we get started, we need to make a few things clear.
It’s not your fault that you haven’t seen the level of success you wanted in this field.
Generally, the main reason why people fail is because you keep getting bombarded with different opportunities that promise the world – one being bigger than the next.
The first thing you need to know about making money is there are generally three types of ways to make money.
The first type of money is directly transactional.
This model relies on you to create a product that fills a need in a particular niche or industry and then put the product in-front of the eyes of your prospective customers.
This is generally the hardest method and not recommended for beginners since there are 10x the amount of moving parts when the product is your own.
You need to create it, test it, optimize it, customer support for it, update it and way more issues you need to keep up with.
This does not need to be a materialistic product.
This could also be an online course of some sorts or even becoming a consultant for your clients.
The easiest business model in this type is the Consultant business model.
This is where you offer your expertise to people that are in need in a particular industry. Initially you start asking people in the niche what their problems are, give your advice for free and then once you have a good amount of reviews & testimonials you can start charging for your advice and start consistently a good amount of repeat customers.
The second type of money is by being the middleman.
These business models does not need for you to have a product.
The goal here is to help drive traffic to another business’s products and you get paid whenever someone buys through your referral.
This business model is way easier and hence way more popular.
Known as affiliate marketing, your goal here is to become a traffic driving expert.
All you have to do is find a couple of products in a specific niche that are good and have a seemingly structured marketing plan and sign up to their affiliate programs.
Then your job is to drive traffic to those affiliate links from the endless possible ways of generating traffic.
You could post on forums in a specific niche, answer questions and then link to products.
You can post in Facebook Groups and link to the affiliate links.
You can create youtube videos in a particular niche and promote the links in your description.
And hundreds of other different ways that you can implement for free!
Another way to utilize this middleman approach to making money online is by being the middleman between the customer and the physical products.
This is popularly known as dropshipping.
This method relies on driving traffic to your own ecommerce store that is generally around a specific niche but instead of promoting softwares/apps, you’re promoting physical products like clothing, utensils & accessories!
This method however generally relies on paid advertising to drive traffic although you can create a profitable dropshipping store with the free traffic methods mentioned about.
The third type of money is visitor advertising.
This is probably the simplest way to make money online and does not require the sale of any product.
This methodology requires you to have a website or a profile on a social site that pays you per impression generated on your content.
If you have a website, you can easily sign up to ad networks that create ads on your site and you get paid whenever that ad is shown to a visitor.
Youtube does this aswell! If you have a youtube channel that meets the monetization requirements, you start getting paid for every single visitor or viewer you get.
Although this is the easiest way to make money online, it takes tens of thousands of visitors depending on the niche to start seeing a substantial amount of money being made.
With that being said, I recommend the second type of money making method mentioned above.
Best Free Methods Of Making Money Online
You can easily start searching for more in-depth guides online on the methods available above and you’ll be overwhelmed by hundreds of different tactics from mostly unreliable sources that have never done this before.
With that being said, this is another issue with making money online.
Once you start your journey with one business model, another one will get in-front of your eyes and you’ll want to jump ship because it seems like it’s more worth your time or has a higher monetary goal.
You’ll have times where you’re stuck not making money at first or overwhelmed buy all the wheels spinning in the business model but you need to commit to one and make it work.
Before choosing your business model, you need to make sure the business model is even right for you AND it actually makes sense.
For example, Consulting is an amazing business model but if you’re an introvert guy that rather be in the backlights and not consistently be on phone calls, you’re way less likely to succeed with this business model.
I have compiled a list of business models that you should definitely look into AND I also mentioned for what type of person these business models are best for.
- Best Business Model For Online Marketers
This business model is taught by the amazing 9-figure marketer Russel Brunson.
He shows you exactly how to ethically steal over $1,000,000 worth of successful business tips, replicate their success into your own business & how to drive traffic for essentially free without having to spend a dime.
I recommend this business model for pretty much anyone that wants to potentially make millions of dollars a year and have a positive impact in the world.
- Making Money On Youtube Without Showing Your Face
This business model is perfect for introverts who want to make money online without ever showing their face.
This course is thought by Matt Par. This guy runs 9 different profitable youtube channels and makes 6 figures every single month from them – all this without showing his face!
He teaches exactly how he does this from:
- The Overview
- Choosing A Niche
- Setting Up Your Channel For Success
- Uploading Videos
- The Viral Growth Module
- Monetization Module (How To Make Millions From This Method)
- How To Scale Your Channel To Your Dream Goal
- Super Profitable Affiliate Marketing Business Model
This affiliate marketing business model I mentioned earlier is precisely explained in this in-depth free training by Wesley Virgin.
This guy made millions just from affiliate marketing and he’s now trying to help thousands of people make money online like him.
Best Go-To Training For Making Money Online As Of 19th September 2021
From the thousands of options available in this convoluted space, I would really recommend the free training presented by Russel Brunson (mentioned earlier).
Not only is he the creator of one of the most popular softwares in the IM space, but he’s made millions with multiple different businesses models and has been around the space for 20+ years so he has seen it all.
I’ve never heard him share as much in-depth information as he has in this free webclass and I’m sure it will help anyone coming from any background make money online and reach their target financial goal way faster.
With that being said, obviously I can’t promise just watching the webclass will bring you any results but it will definitely help give you the best chance at succeeding in this space.