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Believe it or not, 95% of all the people who started internet businesses ended up with failure. Why? Because amidst the hype surrounding the web today, there’s actually very few people who understand that all techniques you’ll ever learn will still be ineffective if the business model you’re using to make cash on the internet isn’t something you know about. Even the most outstanding marketing method will not work for you if you’re clueless as to how to apply it to your own company.
Currently, the most widely used online business models are these three:
First Model – Affiliate Marketing
This is probably the most popular out there as affiliate marketing provides the best platform for beginners. Why? Simple. Anyone can sign-up to their desired affiliate program totally free of charge, and they can choose which product or service to advertise. Profits can be collected whenever someone buy or use the products or services you’re marketing. Affiliate marketers also do not have to face any kind of risk; there’s no need to spend to obtain your desired product that you’re going to market, you’re not the one giving customer support, you don’t have to immerse yourself with the ecommerce process like thoroughly understanding the merchant services, learning about autoresponder (What’s that?), using mutual linking, etc.. You can even be an affiliate without creating a site. Great, right?
Of course, some affiliate products may ask you to make a small, upfront investment. There are also a few that are free. For that reason, nearly everyone—and even their neighbours—encourages each other to join at least an affiliate plan or another. Actually, if we can say just one reason why the web is brimming full of ads as well as banners, it is definitely going to be because of affiliate marketing programs.
However, with almost countless number of internet affiliate marketing out there, only 5% actually make profits and only 1% are able to get rich with it. There are people referred to as the “Super Affiliate Marketers” that use very different methods in approaching the game that allow them to generate stunning revenue.
Second Model – eBook, info product, info CD creation.
This is a great technique! The good thing about this technique is, it lets you create a product from scratch. Even better, there are plenty of niche markets you can focus on and write about. You can author a product on Japanese landscapes, simple steps for starting a personal babysitting company, tricks to selling artworks, caring for pet’s ears–you will literally find millions of existing subjects and still many that have not yet been covered by marketers before to work on. Remember: you don’t have to work on coming up with the required information yourself. You can get a ghostwriter to work on ebooks, articles, and hire someone to produce info CD for you.
Something to know: EBook writers work more than affiliate marketers do. Whilst it’s totally possible for affiliates to earn using zero money, the same isn’t true for eBook maker. EBook writers need to study and learn a lot more than affiliates have to. They must have enough money, too, to get the business ready. However, whenever done right, this online business strategy will give you unparalleled satisfaction – in monetary terms, of course!
These entrepreneurs are able to make mountains of money simply because they have really, very low manufacturing costs, as well as upkeep costs. After making the product, it doesn’t cost you a cent to breed thousands of duplicates. One good thing about authoring your own product is your start-up costs could be covered by promoting just a few duplicates of eBooks at a really high-margin. Even better, you may also recruit lots of affiliate marketers and get them to sell the products for you.
If you need a physical product you can look at these two. Routers and Hosting. Anyone that is reading something online will definitely be needing or buying hosting and routers. Hosting is why websites are able to be online. Every business has a hosting account and that makes them highly sought after. Routers are an internet need. Everyone has one in order to enable wi-fi.
One of the other hot businesses online currently is drones. When you are looking for items to sell, a drone is one of the most trending products that will convert especially in holidays and gift giving seasons. Drones are just the coolest item that have recently come out. That means that fewer people are selling them and there is demand.
Third Model – Google AdSense
There’s nothing that can beat this internet business model, and loads of recommendations from people making crazy income through it will confirm that.
Google AdSense is an advertising plan that uses the most popular search engine. Basically, website owners are allowed to display ads on searches. Inconspicuous, text-based ads are generally shown within the member websites, too, and these websites’ owners earn the commission each time someone clicks the advertisers’ text, banner, or graphic links.
Google AdSense utilizes a technology to choose and provide ads which are highly relevant to the information already existing on a web page. Google’s spiders will run and read through the content from the web pages to find out what it’s all about. After doing that, it will serve advertisements that it found to be highly relevant to the page’s content material. Running AdSense is also quite easy. First, you have to create a website full of content material of your preferred niche or topic. Next, you can register within Google’s AdSense program. After getting the approval for your web ads, you can copy-paste the codes given inside your page. The ads will then begin appearing after you add the changes for your server.
Google is silent about how it gives the income per click so as to keep their advertisers’ profits private, but you need to know that how much you will generate per click generally depends on the subject and the products you chose to market. Products proven to have profit margins associated with $10 for the advertiser will most likely provide you with a smaller PPC than an item with a $100 profit. Similarly, advertisements that have high conversions will normally provide you with higher affiliate payouts than less efficient ads, given that they can afford to pay for more bucks per click, a portion of which will be likely given to you.
Now, those are the top three online business designs on the Internet today. Whichever model you select, remember to first learn the basics. Quit buying into programs or info that are not relevant to your chosen niche and started business as information overload may stop you even before you get started.
Mad About Business Online?
If you want to join the conversation with us then email us will @ feedster dot com or go to our other site. Mabonline.info – Mad About Business Online!
Will is the Executive Managing Editor at Feedster. Will and his team from Full Epic Lead Generation work with venture capital, marketing co-ops, and companies to attract and gain qualified leads.
His primary focus on developing a sales funnel for a company and finding out of the box / growth hacking style ways to convert and drive traffic.