Top 10 Online Business Models to Follow in 2018
Since the internet has become a lifeline for all means, there is no surprise in using it for business. The Internet provides you with all the peripherals for starting an online business model, but the thing is how effectively you make use of it to reach new heights.
Though you’ve got all the stuff to start a business, most of the time you are on the fence deciding what to start and how to start?
Well, if you are among the ones who are on the fence, then here we provide you a short list of top online business models that you can follow in the year 2018.
1. AdSense – Publisher
Right now, it is the simplest business model existing on the internet. All that it needs is creating the content for a site and driving traffic to the site. The traffic you drove to the site clicks on the AdSense ads and then Google cuts a check for you.
2. Affiliate Marketing
Affiliate marketing is the oldest business model existing online. It involves selling products, building sites to showcase the products and services, and more. Since every product and service on earth has an affiliate program somewhere, you can always make use of it.
There are a lot of businesses out there that have cropped up around and are helping other businesses to create several affiliate offers that are basically called as affiliate networks.
3. Amazon Affiliate
Similar to Affiliate marketing, Amazon is among the most trusted brands online. The portfolio of such sites is taken as an example to create their own affiliate, especially when they are reviewing products.
This can be an easy place for any newbie to start up while the already expert can make into quite a remunerative endeavor.
Dropshipping is a pretty good place for people who are planning to start up an e-commerce business model. Instead of shedding pockets on buying the products and renting a warehouse to store them, you can create an entire sales funnel that ships the product from the factory to the destination.
Though you may find thinner margins compared to e-commerce, it is a great place for the freshers.
Forget bricks and mortar-built stores, things are going virtual these days and so should you. E-Commerce is like having a digital retail store. You get the products, store them and try fulfilling the orders of the customers.
Just setting up a store isn’t enough, promoting it through a plethora of internet marketing strategies is needed to grow your business.
6. Subscription Boxes
The subscription box business model is another audience engaging business that wows the audience by having them subscribed. This business is related to online shopping with a membership.
So, this is the business hovering on the minds of shopaholics and is most preferred these days because of the recurring payment option available.
7. Amazon FBA
Fulfillment by Amazon is abbreviated as FBA. It is completely hosted by Amazon and is close to an e-commerce store.
If your e-commerce store is anywhere related to Amazon or is in the Amazon listing, then your business comes with all the benefits needed to grow up and the Amazon affiliates promotes your business products, services or any niche.
8. Software as a Service
This online business is exploding on the internet world right now and is quite lucrative. SaaS products are letting small-scale businesses achieve high-level enterprise-grade infrastructure without emptying their pockets.
These products are found everywhere from accounting and sales CRM to even writing solutions.
9. Lead Gen
This business model is growing up as an amazing opportunity. The opportunities consist of affiliate programs where the leads are sent to offer such as higher-level education. The best thing about lead gen is that the user can use full marketing strategies.
Apps are virtual interfaced models that can be huge money makers. A lot of people prefer using Apps than visiting websites. The primary thing the App developers must keep in my mind is that they must build them as addictive as possible. Having it downloaded in the user’s phone makes it easier for them to use and utilize all its features to the fullest.
And, that is why every e-commerce platform you can think of these days has an engaging application along.
That’s a cool and great post. Liked that you have given a brief of all business models. Thanks for sharing this great post.
I love affiliate programs. They are the most valuable in my opinion. Although not all products pay off, most of them do and they do for a long time. I’m even more interested in service-based products because they usually have subscription boxes. If so, then I have recurrent referral payment as long as they clients keep paying. With enough referral, the commission adds to up to hundreds of dollars. It’s awesome!
Thank you for sharing this!
Most of this are cool especially when a person have a site/blog or he/she have alot of followers in social media. thank for the info
Affiliate marketing is the undoubted choice for long-term bloggers in any niche. If your niche is health or beauty then Amazon Affiliate is the best way to generate serious income. Loved the article and the way you wrote it.
Thanks for sharing this article 🙂