Forget the hype, lies and deceit – do your research and take control of your decision. Which is the best business model for Internet Marketing? You certainly want to take your own personality and interests into consideration, as not every model is for everyone. That said; let’s break down the different types of business models that you can follow.
**A small warning: Please understand that while you may try one of these options and then change your mind and try another – do NOT jump from business model to business model. Do your research in the beginning so that you can maximize your time once you have decided. Do not get caught in ‘information/option overload’ and waste your time going in circles. No money has ever been made that way! I’m not the only one to feel that ANY business model requires focus!
Best Business Model: Top 4 for Internet Marketing
You can write your own information product (eBook) or hire a ghostwriter to write it for you. With this model, you maintain control over the pricing and content – you can create a website to sell it on, you can set up an affiliate program and have others help you sell your product or you can use it to get people to sign up for your email list. The one drawback is that if you do not do the proper research first, you may put your heart and soul into a niche that is not profitable. This model will cost you your ‘time’ more than anything else. Expect to need about $50-$250 to get started with this model.
A lot of those currently online would say that this is the best business model for Internet Marketing to start with. You do not need to create a product or website when you sign up to sell someone else’s! That is what affiliate marketing IS – you research a great site or product that has an affiliate program, sign up, and then YOU advertise for them. Using the correct techniques, you can quickly establish yourself in the niche and earn affiliate commissions for many different products and services all at once! AND you do not have to worry about any of the ‘customer service’ issues (like tech support or refunds), the product owner does that. The only real issue is that, since it is not your product, you are somewhat at the mercy of the product creator. If they decide to change it or not offer it, you will have to find another product or service to promote. Expect to need about $20-$100 to get started with this model.
In my opinion, this is the business model that can seem overwhelming….if you don’t know what you are doing! While the previous options have been one-time sales, with a membership site, you will have an ongoing stream of income coming from one website. The main idea is to give your customers information on a regular basis – whether it’s providing reports on a particular niche, access to coaching or to a group forum, you give a stream of information for a regular monthly fee. A nice little twist would be to also offer an affiliate program for your membership site! That way, you have others bring you new customers in exchange for a small portion of the monthly fee. The challenge with this type of business is that you will need to stay on top of providing current, relevant, fresh content each month for your customers…or risk losing them. Expect to need about $50-$200 to get started with this model.
4. Sell Stuff (Auctioneer)
There is an incredible amount of things that you can sell on sites like eBay – and just about the same amount of information on the “best way” to sell on eBay! But don’t let that discourage you! The best thing about eBay (and similar sites) is that they already have established traffic. You will need to familiarize yourself with the rules; however, it remains one of the strongest business models because of the range and ease of getting set up. You will need to keep on top of the site’s rules and changing environment to make sure that your business is not affected. Expect to need about $20-$50 to get started with this model.
To your business,
P.S. If you still feel confused, click below to get the help you need to decide which business model is the best for you in Internet Marketing!