“Be creative with these online marketing ‘add-on’ ideas. Add them to your brick-and-mortar business model like everyone else. – Build a Business Plan for Success”
How to pick your online business model
This is the year that you plan to really succeed in your online business and to make it a full-time income.
However, in order to build a successful online business, you need to first identify the primary business model you want to follow.
There are millions out there and you may already have one in mind or have one you have committed to. If not, if you have decided you have to change your focus, here are seven(7) of the most popular online business modules.
#1 AdSense Site
An AdSense Site it’s very popular with people that want a business model that is relatively simple and easy to implement. These sites usually consist of a blog or other type of website with many pages of content that is added to it consistently.
In order to be successful with AdSense Site, it is important to rank well in the search engines for many long-tail keywords and to drive a lot of traffic to the site.
These sites were extremely popular in the early days of the internet.
#2 Affiliate Marketing
Affiliate Marketers sell other people’s products and then take a commission on the sale. Business models for affiliate marketers might consist of an eCommerce site.
You can even sell affiliate products on Facebook pages by using YouTube to drive traffic to an affiliate offer.
Most affiliate marketers also focus on building a list (of subscribers) they can sell other products to over and over.
#3 Infoproducts (e-Books, Videos or Software)
Many internet marketers have made their fortunes creating and selling their own digital info products.
These may include writing ebooks and guides. Creating software. Designing graphics and shooting information on videos. Delivering e-courses or writing privately legal right products to sell.
Most info-products sellers expend their income by recruiting affiliates to help.
#4 eCommerce Site
An eCommerce site is an online store where you can either sell your own products, drop-ship products from other vendors or sell products as an affiliate.
They can be a little more difficult to rank in search engines due to the lack of consistent fresh content.
However, good keyword research, SEO and an active blog can make up for that.
#5 Provide a Service
One of the quickest ways to make money online is to offer your services through freelance sites.
You can write articles and ebooks, design graphics, sell your programming skills or charge for virtual assistance services.
If you have a great deal of experience in one area, you can also sell coaching services.
#6 Membership Site
Membership sites require customers to sign up for recurring payment in exchange for regularly provided content. Membership sites can be ongoing or for a specific length of time.
They might involve regular newsletters, new private labels rights content each month or even your own coaching services.
It’s certainly attractive to know that you will earn a regular income each month.
#7 Flip Site
Some marketers love the process of building sites so they just focus on buying or building sites and selling them.
There are auction sites that specialise in this type of mode
Where to Find More Ideas
The Warrior Forum has many, many types of business models that are sold through Warrior Special Offers (WSO’s) which you will get ideas from.
You can join their ‘Warrior Room’ to get even more advice and ideas.
Or you can interact with successful internet marketers to get ideas and feedback.
How To Conduct Market Research For Your Online Business
How to pick your business model with so many internet business models to choose from.
“It’s a challenge to pick just one to start with, try looking first at what appeals to you straight away.”
- What stands out? Then think about whether you already have the skills or whether you will need to learn them.
- Is there anyone you can easily outsource to if you don’t have skills yourself?
- How much will it cost to implement that business model?
- Do you have the funds?
Once you have answered these questions just pick a model and run with it.
While you may need to do some more research to get a good grasp of the details and understand what’s involved in each model, you need to make a decision sooner rather than later.
“You will never make any money online if you don’t just dive in and get moving. So pick an online business model that appeals to you, put the blinders on and move ahead.”
Continue to the next video How to Define Your Unique Selling Proposition.