3 Ways to Start as an Online Entrepreneur

If you are new to entrepreneurship, there are three great business models that you can get started with at a relatively low cost.

1. Affiliate Marketing

It is one of the best business models for beginners. The way affiliate marketing works is:

– build up an audience (via YouTube, social platforms, e-mail etc.),

– find an affiliate offer to promote in exchange for a commission,

– promote that offer to your audience.

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2. Kindle Publishing

Kindle publishing is an amazing opportunity.

In the past, you had to go through major publishers to get your book in front of people, and those publishers often took a big chunk of your profits. Today, you can bypass publishers much easier.

Instead of writing something and then hoping a publisher finds and accepts it, you can bring your book straight to the market yourself – for free.

The process is simple:

– Write your book in a Word document (or hire a writer)

– Publish to Amazon/Kindle

– Market the book

With one book, you can earn a few hundred dollars a month and you can publish as many books as you want. The potential with how much you can earn self-publishing on Amazon is only limited to how many books you can list.

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3. Coaching & Consulting

This is a great way you can immediately monetize your existing skill.

They are both similar business models but with slightly different takes.

Coaching is helping people figure out how to achieve a result (i.e. weight loss).

Consulting is giving expert advice to people (i.e. telling people how to monetize their YouTube channel or giving legal advice etc.).

You don’t actually need any special certifications (it is a plus if you have them but it is not a must) to be a coach or a consultant, and you can do it in any niche from pregnancy or sport to finance or weight loss.

To start, all you need to do is look in your network for someone who might be interested in your service.

Of course, you need to give value to the market place in whatever you are doing, but these are the three go-to business models when you are a beginner.

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