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Today's Feature Article: Ways to make money from your online business model By Evelyn Lim If you are convinced by now that you wish to do an online business and would like to find out which business models are available, this article is written specially for you. The different avenues that you can make money are: 1. E-bay model Got junk to get rid of? No problem! Just go to http://www.e-bay.com. There are millions and millions of visitors each day to the site. Just create a free account and you are ready to start. If you wish to earn a full time income from this source, do check out best seller book that teaches you the nuts and bolts of doing this seriously. 2. E-Affiliate/network marketing programs You earn a commission if you are successful in promoting affiliate books, programs or network marketing programs. This business model has advantages in that you do not have to create your own product or write your own sales letter. You also get a replicated website as an affiliate. All you need to do is to actively refer your friends and market the product or program. If you decide to go for this model, an excellent book to read is Rosalind Gardner's Super Affiliate Handbook. This book has been on the best seller list due to its catchy tittle and content on "How I made $436,797 in One Year selling other people's stuff online". 3. E-Shopping model In this model, you are interested to sell your goodies online. Here, your website will feature pictures and clear descriptions, shopping cart and a payment processor. However, if you are selling physical products, you have to be address issues like warehousing and delivery. On the other hand, there is no need to create a product yourself, if you do not have one onhand. Simply go to directories such as http://www.mydssd.com , http://ww.ownawebstore.com and http://www.bizwarehouse.com . These sites will even handle the shipping and delivery for you. 4. E-directory model Here you create a free directory of various resources and links. Your job is to drive traffic to this site. You make a revenue from businesses who wish to advertise on your website. Earn additional adsense revenue by applying for a google adsense account. A good example of this model? http://www.ArticleMap.com 5. E-Create-a-product Model This can be in the form of either a digital book or software product. There are lots of advantages of doing an e-book. An e-book is low cost to produce as you just need to write it once and update the contents as and when necessary. You also get to keep all the profits as there is no need to go through a publishing house Similar advantages also exist for producing a software product. One difference between producing an e-book and a downloadable software product is that you can charge more for the lattar due its higher perceived value and thus earn a higher profit. 6. E-Membership Model In this business model, you create a high quality, content-rich site and charge your members a subscription every month in order to use your site's resources. This is a good business model to follow as it helps you earn a recurring income. However, you must be able to continually update its content; otherwise, your members have no incentive to stay. 7. E-Professional Services Model Here, you offer your skills to people who are looking for solutions to their problems via the internet. For instance, if you are a graphic designer, you can offer to design other people's websites for a fee. If you intend to freelance, you can advertise your expertise at http://www.elance.com. 8. E-Zine Model In this model, you are publishing a content rich newsletter for your subscribers in a particular market. You either earn revenue from promoting on the products advertised in your newsletter or charging your members a subscription fee. The models mentioned above depict the main ways that you can earn money. However, they are not the only ones available. It is good to spend some time researching on how you would like to make an online living. Happy hunting! Resource box: Would you like to use the above article in your ezine or website? You can so long as you add this blurb with it: Would you like to receive an Online Marketing Map? Evelyn Lim publishes a newsletter on article marketing and other business tips. She also discusses about different ways of making money online. To subscribe, please visit www.e-BizMap.com. Refer a friend: If you found the above article useful, please forward it to a friend who could use some help. Your friend can subscribe at http://www.e-BizMap.com . |
