Building a business online is the best way to go, hands down. The upfront costs are minimal, you can get started immediately, and the profit margins are huge.
But in most cases, building an online business requires some technical knowledge. You need to build and design a website, constantly add content to it, and deal with things like hosting and domain registrations.
The good news, if you don’t want to deal with those things, is that you don’t have to use a website. Using the following models, you can learn how to build an online business without a website.
Model #1: The Producer
Every business- both online and offline- either sell products or services, right?
For the companies that sell products, one thing they spend a lot of time on is product creation. To do it the right way, they have to do a lot of market research and testing just to figure out what to make the products about. Then, they need to figure out how to make the product, what to include, etc.
You can help with that.
So instead of your clients doing all the work themselves, you can handle the majority of the product creation. This allows them to focus on marketing, getting new customers, and taking care of previous buyers.
The reason you don’t need a website for this is that you’re selling a service that’s in extremely high demand. All you need to do is find companies that are struggling to keep up with their product line due to fast growth. You can reach out via email or a phone call, and there’s no reason a website is necessary to close the deal.
Model #2: Joint Venture Manager
Another model to consider is becoming a joint venture manager, or middleman.
The idea is that you will help setup joint ventures between two parties. The joint venture will benefit both parties, and you will get part of the cut.
For example, let’s say that you work out a deal between a health supplement company and an online fitness blog. The deal is that every time someone buys through the blog’s affiliate link, the supplement company pays the blog 20% of the sales price.
Your share of the deal is to make 5% of that sale.
That may not sound like much, but consider that once you set up the deal, you’re done! You’re letting the supplement company do all of the product development and shipping, while the blog effectively does your marketing.
All you need for this is a willingness to reach out to new business owners and setup business relationships.
Model #3: Arbitrage
Arbitrage- whether it’s for services or products- is one of the oldest business models out there. You can either do this by selling a service and then paying someone else to do it for less money, or buying a product for a low cost and selling it at a much higher cost.
Right now one of the best arbitrage opportunities is through Amazon.com’s Fulfilled by Amazon (FBA) program. This allows you to sell everyday products through Amazon’s marketplace.
The reason you can make good money here is because you may be able to buy something locally that someone else can’t. So maybe you’ll buy a toy on sale nearby for $5, and sell it on Amazon.com for $20 or even more!