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Let’s focus on profitable online business models for a minute shall we? With social media, and the internet basically dominating the market now (Thanks Kardashian clan), it’s not a shocker that there is a crazy amount of information out there about how to succeed online.

Unfortunately, as a new female entrepreneur, having that much info can be overwhelming. It’s best you limit your resources in order to manage your online business as efficiently as possible. Which is why you should only focus your strategy on the models that work…just like in online dating, no matter how good it may seem, there are always underlying pro’s and con’s. It’s best to choose a business model that suits your lifestyle and personality. In other words, sometimes you just gotta swipe right.

While it won’t take forever, starting your online business will take some consistency on your part in order to be successful. This always plays a part in choosing one of the best profitable online business models, and the initial choice of business is critical. Below are 5 of the better online models to use when creating your new business.

Online Business Model #1 – Blogging

As I mentioned here, one of the best profitable online business models is a blog. Blogging is one of the oldest online marketing tools and has evolved drastically. It is also one of the best and has stood the test of time for a reason. It also has a minimum investment to start, and is simple to manage.

Ultimately, the idea is to build a blog around your niche topic and utilize the platform to share important info that your target audience can benefit from. After great content and consistency, the key to a successful blog lies in the traffic. Making sure you monetize and promote it strategically will help you see the fastest results.

Many people are saying that the days of starting a blog and making money are over, as it has become too competitive. But this is just not the case. The vast majority of people give up after a few months, and they stop posting as consistently. Eventually, they just give up. That’s not you, boss babes don’t quit! To see the benefits of a blog as one of the profitable online business models it is necessary that you stick to a consistent posting schedule, (consistent blogging pairs well with wine) and don’t give up. You got this!

Profitable Online Business Models #2 – YouTube

YouTube is a great way to reach an audience and one of the best profitable online business models. Most of the newer generations prefer video as compared to written content. While this applies to the wider population, it especially applies to millennial’s and those of Generation Z (people typically born between 1995 – 2005).

With a huge plethora of social media Influencers, makeup artists and even music artists, video is definitely the way to go! Just think of business icons like Michelle Phan (Creator of Ipsy), who got her start with YouTube. While there are other video platforms, YouTube remains the most popular. It’s even integrated into most computer and phone interfaces, making it easy to use on the spot.

A video is far more effective than a blog post and is much easier to digest for a younger audience. When considering this as one of the profitable online business models, time should also be a factor. As a female entrepreneur who values her time, (because sleeping in is king), it is the most valuable commodity. Because a video can get your message across quickly, choosing this method may be best for you.

Again, think about how effective YouTube can be for your business as a whole. If your business niche topic involves makeup tutorials, then your target audience will prefer video over a reading text in a blog. Making sure you identify yourself as an expert in your niche while providing clear and valuable content is crucial to growing an audience. If you think this is one of the best profitable online business models for you, get to recording girl!

Business Model #3 – Amazon FBA

Amazon FBA (“Fulfilled by Amazon”) is lucrative, but one of the more overlooked profitable online business models. With this method, you’re simply making the sale of products using Amazon’s world-class delivery system. Here is how it works:

1. Ship your products to Amazon
2. List your products on your Amazon store page
3. Customer places an order through Amazon
4. Amazon handles delivery, storage, and even customer support.

Be warned though, while it’s been proven as one of the profitable online business models, there are fees involved. However, they are handling the delivery, product listing, storage, and customer support. It is still a remarkably effective business model that can take a lot of stress out of the entire process. The main advantage of this is that you don’t have to keep stock of any inventory, you just promote and sell the product, acting as a middle man…aka (more time to Netflix and chill).

This is one of the more lucrative profitable online business models, but can have a slightly lower profit margin than others. But don’t let that stop you. This is where you use your ability to think outside the box and think of creating multiple online stores. Thinking this way will increase your income potential. If you’re highly into creating a brand or are really into selling products online, this is the method for you. Get your brand on! The world is waiting for you!

Business Model #4 – An Online Course

Creating and selling an online course is the perfect profitable online business method for you if you’re an “expert” on a topic or subject matter and you want to share the knowledge with your “people. As a beginning female entrepreneur, the key to establish yourself as an expert, is to provide a solution to a problem others have. Putting all of the information together, packaging it and selling it to your target audience is how you create a course to be sold.

Educational sites like Udemy are great platforms for beginners to start out, and sell their course to others. It is possible to earn significant figures using this method, but it will also require a lot of marketing and promotion on your part. In the past, course creators seemed to do best if they were popular within their niche prior. Luckily, this is no longer the case. Now, beginners have the ability to utilize methods like paid advertisement or partnering with other online marketers to increase sales.

Online courses are such profitable online business models because people can buy courses as soon as they go live. These days, many entrepreneurs are even making pre-launch sales, which means they’re getting paid before the product is released. (Yes Please!)

Business Model #5 – Social Media Consulting

With social media being huge AF, many female entrepreneurs have created a lane with social media marketing. If done correctly, this can be a large profitable online business method! As a social media consultant, you will help a specific market (i.e. female small business or fashion Influencer) to manage their social media for them. What’s cool about this method, is you can quickly grow your client base with both self-promotion and word of mouth.

This profitable online business method may take a little creativity to get your foot in the door, but as you grow, you can create your own dynamic.  As a consultant, you’re in charge of your time, and ultimately your overall fee.  The key to success as a social media consultant, is to find a way to stand out as a bad-ass in this market.

Because business owners understand the importance of social media for their business, it gives you an edge. As a newbie, you should find a price point that is high enough that your time and efforts will be respected, but low enough that you stand out over the competition. You can also use your skills to promote your work, and ask your clients to do the same.

As a social media consultant, you can outsource for assistance in completing your assignment for your clients. This will allow you the ability to work with multiple clients at once. The most efficient way to do this is through utilizing freelancing platforms like UpWork. There are freelancers with a huge range of skills for all kinds of budgets. You can hire them on short-term contracts so you don’t need to manage full-time employees. Virtual assistants can be invaluable in terms of completing basic tasks for a very competitive rate. So use them!

Profitable Online Business Models – Conclusion

Finally, I’ve given you 5 of the profitable online business models you can start using immediately. As female entrepreneurs, we always encourage others to flinch at the idea of normal, and take risks. That being said, while you can choose only one, don’t be afraid to mix and blend one of the 5 profitable online business models with the next to create your own online business lane. Which of these 5 profitable business methods will you choose?