14 Mar 2008 02:21:23 | Evelyn
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 or an interesting product to sell? No
problem! Hop on 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.
2. E-Affiliate/network marketing programs You earn a commission
if you are successful in selling 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.
Go to http://www.clickbank.com for an extensive range of
affiliate programs that you can represent.
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.
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.
The 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 always 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 interest group.
You either earn revenue from promoting on the related 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 analyzing on how you would like to make
an online living. Happy hunting!
About Author :
Evelyn Lim is an online business entrepreneur. She publishes a
free weekly newsletter "Mapping You to Success" for aspiring
e-biz owners. The aim of her publication is to equip readers
with the skills to acquire multiple sources of online income. To
subscribe, please visit http://www.e-BizMap.com .