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Digital Millionaires Freedom Online Business

5 of the Strongest Online Business Models to Ensure Success

The choice of online business model can have a huge impact on future success. So be careful when starting out that you select a model that matches your lifestyle. The following are 5 of the best online business models you can make use of to secure financial freedom.

1 – Blogging

Blogging is still one of the best ways to make money online. Blogging takes consistency to work, and the results can take a while to materialize. But blogging is still essential. Even if it is not going to be used as the primary form of income, having a blog is a good way to promote your other business or to bolster your reputation. Once a blog generates enough traffic, it can be monetized using affiliate links or paid advertising.

2 – YouTube

In many ways, videos are taking over from written content. Customers like videos more than written content and video content has the potential to go viral. YouTube is the biggest video streaming platform and it is easier to create a video than is commonly believed. You can use YouTube to build up a following and then market to them. This method is far quicker than blogging in most instances.

3 – Physical Products and Amazon FBA

It is also possible to sell physical products online with the help of other services. With the Fulfilled by Amazon (FBA) service, you simply ship your goods to Amazon. The sale and processing occur through the Amazon platform, as does delivery of the product itself. Amazon even takes care of the customer service. In other words, Amazon does a lot to complete the business. However, they do take a large share. Other methods of selling physical products online include drop shipping and third-party logistics companies.

4 – Create an Online Course

If you are an expert on a particular topic, then you should consider creating your own online course. This is not as difficult as it sounds, but you will still be responsible for marketing and promoting your course. Udemy is one of the most well-known online course platforms. With the increase in the price of third level education, more people than ever are turning to online courses for instruction.

5 – Freelancing

Freelancing is a great way to earn money on the side. You can work from anywhere and leverage your existing skills for compensation. You can also use freelancers to enhance your business and quality of life. Virtual assistants are available and can complete menial tasks such as data entry or email management for as little as $5 per hour.

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Digital Millionaires Freedom Online Business

3 Online Automation Tools To Free Up Your Time

Automation is going to be the way forward for online businesses of the 21st century. Those that automate are going to be the most successful. There is an automation tool for all possible tasks, from email marketing to paid advertising models. The trick is to find the automation tools that fit into your lifestyle and business model. Here are 3 of the better automation tools out there.

1 – MailChimp

MailChimp is an email management service that can assist in streamlining email campaigns. MailChimp is a favorite email automation tool for startups and digital nomads. It is known for its ease of use and is the biggest email automation tool out there. Email marketing is still a very lucrative business model. This is because while people may change their social medial platforms, they tend to stick with the same email address. So building up an email list is a great way to keep in touch with potential customers over the long term. Even aside from pure email marketing, it is always a good idea to maintain an email list to keep customers regularly engaged. For example, those who are creating a blog will also need to maintain an email list and MailChimp can assist with this activity.

2 – HootSuite

HootSuite is the perfect platform to automate social media strategies. It can be used to monitor how your business is doing across different social media platforms such as Facebook, Twitter, Instagram, and LinkedIn. You can see how your brand is performing through the simplified HootSuite dashboard. It is also possible to schedule and update posts as well as to create social analytic reports. The ability to schedule posts is a powerful feature that many freelancers and business owners are starting to take advantage of. It can significantly free up time. HootSuite is free for a basic personal subscription, though there are upgraded premium options.

3 – Hubspot

Hubspot is an inbound marketing and sales automation tool that is extremely popular within the online business community. Marketing and sales is a difficult part of any business enterprise, and Hubspot can help to ease the burden. It comes with a free customer relationship management (CRM) system and is free to use. It allows for email marketing and automation, lead generation, analytics, meeting scheduling, customer feedback, and ticketing. Hubspot has a massive online community who are very active and this is a very well-regarded automation tool that can streamline marketing campaigns.