With the rising influence of social media and media content platforms, the internet and business world is flooding with people wanting to live life on their own terms and/or working from their laptop or phone. Not many people know how to go about it. Not many people know what steps to take. I've put together a list of what will be the hottest ways to make money online in 2018.
P.S. This will be a brief description and listing of each business model, more in-depth research will be required.
5). Coaching/Consulting
Coaching/Consulting has been around for decades.. someone has gotten paid for helping coach or consult somebody. The way to go about Coaching/Consulting is becoming an expert in a niche and helping the beginners scale upwards. Just know that this business model will take a lot of hard work and passion to help and mentors towards achieving a particular goal. If you think that's you, go for it!
FREELANCING! One of the best ways to make money online is freelancing. If you're an expert of something, this is for you. If you think somebody can benefit from your knowledge or services, this is for you. The downside to becoming a freelancer is that it is not as passive as the next three models I'll be talking about. But the pros is that it really establishes your credibility as an expert.
3). Affiliate Marketing
Ahh, the process of earning passive income by promoting other companies products. ZERO products required. Affiliate marketing has been around for ages. You'll find that many companies online have an affiliate program, it helps drive traffic towards that company while helping others create a source of income for themselves, its a win win. You earn commission based off of sales by becoming the middleman between the customer and the company.
2). Amazon FBA
Fulfillment by Amazon; the name is pretty self explanatory. This business model is very similar to drop shipping but all you do is buy inventory from china, ship it directly to Amazon, and Amazon handles the sales for you by listing the product and shipping it. There is no free way to start this, it does require a little bit of income to start. But the profits can be amazing if done properly. One of the most popular Amazon FBA Advocates that you can look up is Tanner J Fox.
1). Personal Branding
Who are you? That is your personal brand. This business model has the biggest potential to maximize your income potential. It can be done through youtube, social media platforms, steemit, selling online courses, the list goes on.. It's all about building YOU, and your personal brand. Whether you're an expert in traveling or making money online, the personal brand revolves around you. Not only that, every other business model we've mentioned all ties INTO personal branding. If you can establish yourself as an expert in any field on social media platforms, it will enhance every other business model you have.
WHAT ABOUT ME?
I am an online affiliate marketer and for 2018 will begin building my personal brand because that has the highest potential for the long term. Follow me and comment below if you think I should start posting more things about affiliate marketing!!
