When people head to the internet to find ways of making money, they are often surprised by what they find. While many of them are looking for traditional work at home jobs, such as telecommuting positions, what they often get are online business opportunities.
Many of these online business opportunities try to pass themselves off as “jobs,” since they know that is what many people are looking for. Others, however, try to convince you that being your own boss is a dream come true, and for many people, it may be.
Starting your own online business can be difficult, especially if you make this choice on a whim due to a convincing business opportunity sales page. Instead, take a look at the top three most popular online business systems, and see if one works for you.
Affiliate marketing is the most popular form of online business. The job of an affiliate marketer is to promote the products or services of a partner company by using internet links. If your links result in sales for that company, you will receive a percentage of that sale.
Affiliate marketing, or internet marketing, can manifest in many different ways, from sending emails to a list of customers recommending a service or product, to creating a website that promotes these products and services.
This is often the most profitable of online business systems, but it does require a lot of time and effort, especially in the beginning stages. Affiliate marketing thrives on your ability to find potential customers, i.e. getting web traffic, and this is probably the most difficult thing to achieve online.
Network marketing, or multi-level marketing, is the oldest and most established form of online business. Network marketing is when you join a company as an associate and earn money not only by selling their products but also by recruiting new company associates into your own personal downline.
Network marketing clearly predates the internet by decades – consider Mary Kay, Avon, or Amway. However these companies are really profiting from making use of the internet for both recruiting and sales purposes.
Network marketing business opportunities are often called a scam, due to their low percentage of associates that are actually able to make a decent yearly salary.
But the truth is that while network marketing is clearly not for everyone, those with a knack for salesmanship may discover that this opportunity is right up their alley.
Blogging is a bit trickier to categorize as an online business system, since it be used as a form of affiliate marketing if you choose to directly promote products within your blog posts. However, that is not the only way to make money while blogging.
The most popular way of making money with your blog is simply by advertising. Allowing programs like Google AdSense to post the ads of other companies on your blog is free and can add up to big bucks over time.
This is the most popular online business system for people looking for a “unique” way to make money online, because you can precisely tailor your blog to your interests and expertise, even if that happens to be something as specific as growing exotic orchids. In fact, the more specific your blog is, the higher its chance of success.
The Bottom Line
Whenever you are considering a specific type of online business systems, reviews will be your best friend. Someone somewhere has already tried that business and has documented their experiences, positive and negative, somewhere online. Take advantage of these reviews, and learn from their mistakes.