If you are a writer, baker, photographer, speaker, coach, teacher, or a salesperson or a team leader… no matter which type of skill you have, you need to know that there are at least SIX different ways YOU can earn money from that skillset, especially online!
Whenever we think of earning money online, we usually end up thinking of:
- either doing a job (remotely perhaps),
- doing freelancing of some sort or
- setting up an e-commerce store.
But we must realize that there are a total of six ways (at least) that you can use to take your idea, your passion, your skill set to the market.
Here is the list, on our Ease of Business Grid:
As you see in the above grid, we have arranged the six business models according to their ease of starting and their profitability.
For example, the Magazine business model is very low on profitability compared to other business models, and it is very difficult (or expensive) to do. The most desirable business model becomes the Teaching business model: it is slightly more difficult to start than say freelancing or affiliate business models, but it is definitely much more profitable (give the digital nature of the product, and the different demand gaps you can fill in the market).
Watch the Video
Now having said that, here is the detailed breakdown of each of these six business models:
There is a worksheet associated with the above video, download that below:
As you see in the above thorough lesson, we can approach the same “idea” in at least six different ways.
Hope this helps you move closer towards your dream of building a profitable and meaningful business inshAllah. Aameen.
Do YOU want to start your journey?
If you want to:
- build your own brand,
- start and grow your own online business,
- that you can start and run from the comfort of your home,
then do check out the Momekh Premium Membership by clicking here.
The MPM is a community of Pakistani entrepreneurs where you get access to culturally relevant content that is TESTED to work in our markets! The MPM is our effort, as a community, as a family online, to live up to the following:
Khuda karay tujhay teiray maqaam sey aagah
You can join the Premium membership on an annual basis and commit to growing yourself and your work inshAllah!