Today I want to talk about successful online businesses and share ideas about how to create one for yourself. So if you are interested in working for yourself, read on!
I’m sure you have heard about different kinds of online businesses and opportunities, ranging from e-commerce stores to education platforms and from dropshipping to affiliate marketing.
Or maybe you just know someone who makes living blogging. No matter what the online business model, you can be sure there are a thousand unsuccessful ones for each successful one.
That’s why it’s very important to know which model to choose if you are just starting out. The odds for success are not for good with most of them.
But if you follow proven footsteps and put in the work, some of the business models are almost guaranteed to succeed. It all comes down to choosing the right path, sticking to it and putting in the hours.
We are living in a time of information overload, so it can be next to impossible to find all the required information and actually sort through it.
That’s why I have a very simple request for you. Since you are looking for information on creating successful online businesses, make the decision to find a proven system and stick to it.
Endless research will not make you any more likely to succeed, quite the contrary actually. The sooner you make the decision to stick to a proven plan, get started and take action, the sooner you will succeed online.
But what business model or program to choose from the sea of endless promises? Well, let me help you out.
The Most Successful Online Business Model
Before we get on with my recommendations, let’s look at what business model should you choose to improve your odds in succeeding in creating a successful online business.
My number one recommended business model is affiliate marketing. Affiliate marketing has several benefits over other types of online businesses that make it superior, especially for beginners.
If you are new to this stuff, affiliate marketing essentially means marketing other people’s products. They can be digital or physical products as many online stores (like Amazon) have affiliate programs.
When you refer a customer that makes a purchase, the vendor pays you an affiliate commission. This process is fully automated in the online world. All you need to have is the correct link to point your customers to the vendor.
So in essence affiliate marketing is a form of revenue sharing. It’s worth it for the vendor because they get paying customers and it’s worth it for you because you get a piece of the pie. Simple as that.
Unlike running an actual e-commerce store, affiliate marketing doesn’t require you to handle all the costly overhead of labor, storage, shipping, customer service, etc. It takes a lot to run even a small online store.
With affiliate marketing, you just refer the customer and get paid. That’s it. Even if you would do dropshipping, where you skip the physical overhead, you still have to handle customer service, complaints, etc.
How about selling your own digital product? Well, that’s a great option. If you know what you are doing. The problem is that most beginners don’t know what they are doing.
It takes serious effort to create a high-quality digital product and take it to the point that other people will actually want to market it. Even then you should offer it to affiliate marketers with high commissions because you will increase your sales to another level. But to even get started you need to create a professional product people actually want to buy.
Because affiliate marketing doesn’t require you to do any of that, it frees up time. You can focus all your efforts on the actual marketing and producing traffic.
The best part is that affiliate marketing can be completely automated. You just create content that people can find, include your affiliate links and the system works on automation even when you are sleeping.
That’s why I recommend it to beginners. You can use the skills you learn doing affiliate marketing to market physical products as well once you have the experience and capital if you still have an interest in such opportunities.
Of did I mention that it doesn’t require any real capital to create a successful affiliate marketing business? You do need some money to get all the necessary tools and training but we are talking about hundreds of dollars here, not tens of thousands or hundreds of thousands like in regular business.
My Recommended Programs
So you want to learn affiliate marketing to create a successful online business? Great! I can recommend two programs for you that will definitely help you succeed if you follow through with the training.
They are Wealthy Affiliate and Legendary Marketer.
Both of these programs are great and which one you choose depends much on your preference. Both have their pros and cons and for the best results, you should actually combine them.
Wealthy Affiliate
Wealthy Affiliate is an online marketing platform that focuses on teaching sustainable affiliate marketing that works in any niche. It covers everything from training to web hosting and includes tools like keyword research tools, community help, and feedback system.
You can get started with Wealthy Affiliate for free but to get the full training and all the tools, you will need to get go premium, which is only $30/month.
Considering that you would have to pay much more than that to just get a high-quality hosting service for your websites and a decent keyword tool, I think WA Premium subscription is a no brainer.
I’ve used the system to build a successful website that produces money on automation even if I don’t touch it for several weeks, so I can vouch for the program.
Wealthy Affiliate mainly teaches how to do affiliate marketing through search engine optimized content creation, e.g. blogging. The idea is to create content around keywords that people are looking for on the internet.
If you can get your content into the search results, people will come to your site where you introduce your affiliate links. Wealthy Affiliate is actually much more than that as there are ever-increasing training by both the creators and the community.
The community is actually one of the best parts of WA as it helps you stay motivated and can help you out when you feel lost.
Read my full Wealthy Affiliate review here.
Legendary Marketer
Legendary Marketer is another affiliate marketing training platform that focuses on faster results than Wealthy Affiliate. Legendary Marketer was created by CEO David Sharpe as an education platform for marketers looking to create fast success online.
Dave has created several successful online businesses in the past and really knows what he is talking about. The focus in LM is on traffic sources that don’t rely on time-consuming SEO. Instead, they focus on traffic sources that provide fast results.
This includes paid traffic from different platforms, e-mail marketing and using high authority content creation sites like Medium for leveraging their SEO value and reader base for faster results.
I’m just getting started with Legendary Marketer but from all, I have seen and heard I have no doubt it’s a very effective program.
You can read my initial review of the Legendary Marketer here.
How to Succeed in Online Business
So there you have it. Two ideas and recommendations for creating a successful online business. I’ve seen first hand that both methods work, so it’s all up to you if you succeed using the information and tools they provide.
This why I want to give you the only three tips you need to succeed in your online business:
- Take action. Nothing will happen unless you decide to take action right now and do so every single day until you see success.
- Be consistent. Choose your direction, make a plan and stick to it by working consistently towards your goal every day. This means taking the right kind of action every day.
- Don’t expect overnight results. This stuff takes both work and time. But if you put in the work consistently, you will eventually succeed. So expect it to take several months or even over a year to see real success. It takes guts to stay consistent that long and that’s why most people fail.
So if you take action every day, do it consistently and stick it out long enough success is inevitable. The question is are you up for it?
Just remember that every single successful affiliate marketer was exactly where you are now at some point. You have to start somewhere.
Conclusion
That’s it for today! I hope you found these business ideas useful and intriguing. If you have anything to ask about affiliate marketing or Wealthy Affiliate and Legendary Marketer, don’t hesitate to contact me in the comments section below.
Affiliate marketing is simply a superior form of online business as it can be automated and you can do it from anywhere in the world.
One thing I forgot to mention that you might be wondering is that you can market almost anything. The product possibilities, both physical and digital are almost endless.
I have seen people succeed with evergreen topics like weight loss and fitness as well as with micro-niches like football snack helmets or drones.
That’s another great thing about affiliate marketing. You can create content on things you are passionate about and find suitable products. There is always something to market so it’s up to you to get creative!
See you next time