Nov
11
What are different Internet Business Models to work with?
November 11th, 2008 posted by
admin
Shabbir Hazari asked:
I have received an answer from Patrick (Thanks a lot Patrick) against a different question asked by me. In his answer Patrick wrote
I have received an answer from Patrick (Thanks a lot Patrick) against a different question asked by me. In his answer Patrick wrote
“There are a lot of internet business model you could consider of (e.g. selling phyiscal or digital products, buying and selling domain names, creating paid newsletter or websites, affilitate marketing, auctions and many more).”
I need to know what are other internet business models or methods to start business online.
Peter O says:
November 13th, 2008 at 11:25 pm
Hi Shabbir.
There is a new one coming soon, but you can join the pre-launch for this one.
Send me an email if you wish to knoe more and I will forward you the link.
Cheers, Peter
chris c says:
November 14th, 2008 at 7:49 pm
Hi Shabbir Hazari,
Nice day to you.
I’ll divide my answers into few section. Wish this answers can give you some reveals how to start your own online business and bring you to success.
Answer 1
Do you have any ideas in what kind of products or services you are going to sell for your online business?
My suggestion is, find somethings you are really interesting with it and you can pay fully passion with it. Otherwise you will give up very very soon. Many successful internet millionaires start their online business with their own interest.
Example
-Sport website – they love football, NBA, Formula One, etc.
-Travelling hot spots website – they love travelling.
-Food recipe website – they love cooking.
-Entertainment website – they love music, movies, idols.
-Pets website – they love animals.
-Loves website – they are experts in dating.
and many more.
Start today, think what you are really interesting in?
Answer 2
Make sure the products or services you are going to sell with an existing huge market. Do the market research before you start your business. A business won’t make money even he has a perfect product or service but there are no market require for that product or service.
There are many low cost online softwares can help you to determine whether your business with an existing hungry market or not.
Answer 3
Create a website.There are many online experts can help you to build up a business website just within 1-2 weeks time. You no need to know anything about web design or programming.
Just let them know what kind of business you wish to start up, they will help you to create all the business features and tools on your website and make it looks professional.
Answer 4
Now you have a best product to sell but your business still can not earn money if you don’t have a good marketing strategy. Takes a look at McDonald. McDonald is not selling the best burger in the world, but he own the most franchises all around the world. His successful secret is applying an excellent strategy into his business but not selling the best burger in the world.Get the online supporting team to consult your business step by step to success.
Wish this opinions can help you.
Wishing you success.
p.s : I have to make my explanation in short summarize here. Sorry for any inconvenience caused. If you be willing, you can read my real story and experience in how do I start my own internet home business and use it to earn money for me. Feel free to email me a blank mail with the subject “Real Story”. I will share the story with you.
Kindest Regards,
Chris.
imisidro says:
November 16th, 2008 at 7:26 pm
The Web offers tremendous opportunities for those who know how to harness it. You hear of stories of people who earn thousands if not millions of dollars from doing business on Web. While there are many scams (same way in the traditional business world), there are various ways you can legitimately make money on the Web.
Here are the main ways you can earn money from the Internet:
1. Sell products on the Web – Big boys like Amazon or Lillian Vernon online catalog or smaller businesses like BigKidsVideo.com or Candle4Less.com all sell products on the Web.
You can either sell: (a) through your own storefront through your own website or applications such as Yahoo Stores; or (b) sell through online auctions like eBay
2. Information Delivery. Others such as About.com or EuropeforVisitors.com create content and monetize their content in a number of ways:
a. Advertising – there are several ways you can earn money from advertising:
1. Join an advertising network. Advertising networks are organizations that aggregate Web sites that offer advertising space, and sell banner ads (and other advertising options) across them. Traffic requirement is often a minimum of 5,000 monthly impressions, although many do not accept sites hosted by free page services.
Burst Media
Fastclick (ValueClick).
Advertising.com.
Tribal Fusion
2. Participate in contextual advertising networks. Contextual advertising are text ads delivered based on the content of the web page using an automated system.
Google Adsense
Yahoo! Publishing Network (currently in beta and available to US publishers only)
Intellixt
Quigo Adsonar
IndustryBrains
Commission Junction Evolution
Kanoodle Brightads
Clicksor
Contextweb
Bidclix
Bidvertiser
3. Sell advertising for your site directly. This is admittedly a more difficult route for a small business site wanting to earn advertising revenues. But hey, as they say: “no pain, no gain!”
b. Affiliate Programs – you sell other people’s products that your audience may be interested in; and you get a certain commission after the desired action was done (whether a sale, a lead, subscription to email newsletter, or however this is defined)
c. Paid online content. Hoovers.com or WebmasterWorld.com Supporters forum all require paid subscription before accessing the information
d. Content licensing and syndication. Some publishers such as the Associated Press get paid every time their content is published elsewhere