Given how big online platforms such as social media and digital marketing have become, it’s no surprise that the online business model is now the most popular model for people who want to start a business.
To give some perspective, the online business model has grown to the point where the traditional business model needs it as well. For example, virtually all businesses regardless of niche need at least a website to keep up with the competition.
That being said, perhaps the main reason many people fail in their quest to start an online business is that it can get too technical. Even for internet-savvy individuals, factors such as building landing pages or tracking expenses can get some getting used to. Simply put, building a digital business is not easy.
However, there are a few online business niche avenues that are simpler in allowing someone to build their digital lifestyle. While nothing is guaranteed, what these business models can ensure is that the processes that go into building a digital business are smaller in quantity. Even better, some of these business models don’t require that much initial upfront costs to get started. With this in mind, let’s go over six proven ways to build a digital lifestyle business.
#1: Affiliate Marketing
Within the online business model, one of the most well-known digital businesses that increase your chances of successfully building a digital business is affiliate marketing. In a nutshell, affiliate marketing is an online arrangement between a retailer and a website owner. The affiliate marketing model boils down to the website owner receiving a commission from the retailer for every sale made through the owners’ website, link, or another similar source. As we can see, affiliate marketing hardly requires any technical skills other than running a website.
#2: Selling On Amazon Digital Business
Another proven way of building a digital business is through the selling on Amazon digital business model. Quite obviously, this model simply comes down to selling on Amazon. However, it goes more in-depth than simply understanding how to sell. Apart from that, this model requires knowing when selling on Amazon is most appropriate, why building a brand is important when selling on Amazon, and other more detailed approaches.
#3: Niche Course Creation
Surprisingly, the power behind the niche course creation business model is not so much that it makes building a digital business easier. Instead, the power behind it lies in that it allows you to build is within your lane. In other words, it allows you to create your courses in an area that you know the best and at your own pace. Overall, it allows you to legitimately label yourself as an expert in your field.
#4: Online Graphic Design
Graphic design has been around since before online businesses took off. However, online graphic design is a newer territory that is quickly becoming the go-to niche for beginner digital lifestyle seekers. That said, the one thing that stands out about this model is that it is a little more technical than the other business models. It requires knowledge of creative design, re-creation skills, and platform knowledge as well. However, if you are willing to invest the time to understand the technicality of it, it can be one of the most lucrative avenues in building a digital lifestyle.
#5: Social Media Niche Influencer
Today, there is arguably no bigger online business models as crowded as the social media niche influencer model. Despite this, because of how large social media platforms are, this is still a niche that has more than enough room for everyone. The only thing to be aware of is finding new ways to stand out above other influencers within your niche.
#6: Digital Podcasting
Last but not least, the digital podcasting model has easily taken the biggest leap in terms of popularity in recent times. Today, virtually everyone and their mother has a podcast that they use to share information, share the creative side, or anything else you might think of. Because of this freedom, digital podcasting offers the most diversity and creativity in the ways you want to build your digital lifestyle.