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Further
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FOCUS on Your Business Program. - Raymond Johnsen FOCUS on Your Business Program. Written by: Raymond Jonsen Power of Focus ! If you are anything like me, you probably find yourself often thinking of new projects to start, new things to achieve.I did that in my beginning on Internet....
Business Career, Executive Coaching Article - Leadership: Understanding the Human Condition - Ruth Zanes "Nothing is more practical than for people to deepen themselves. The more you understand the human condition the more effective you are as a businessperson. Human depth makes business sense." - From Leadership: The Inner Side of Greatness by...
Executive ESP : A Pathway To Success - Jeremiah P Huck We all have psychic abilities that we use daily, although most of us don't even realize that. The full study of this issue would take many books, and years of experience to grasp all the factors. Since we can't do that here, we can still focus on...
A Blog Isn't Just For Christmas - John Taylor I was watching the news on TV last night and there was a warning about buying puppies as Christmas presents. There's nothing worse than visiting the kennels in the new year and seeing all those unwanted dogs that were chosen as presents because...
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Choosing A Business Model For Your Online Business
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Written By:
Leigh Butler
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Choosing A Business Model For Your Online Business (c)Copyright 2004 by Leigh Butler http://www.onlinebusinessresources.net
Whether you already have an online business or would like to start one, developing a business model is a must. A business model spells out how you are going to generate revenue from your business.
If you really want to succeed online, then your must determine how you are going to generate revenue and make profit. Otherwise you won't be in business very long.
According to the small business administration, about 50% of small businesses fail each year, and 95% of small businesses fail within the first 5 years. I'm sure you don't want to be included in those statistics.
That's why if you haven't done it already, you should choose a business model, now. Ask yourself, how will my online business generate revenue?
Here are 3 business models frequently used for online businesses.
1)The Ecommerce Model
Revenue is generated by selling goods or services over the Internet. Examples of goods and services include products such as ebooks or candles and service such as consulting or virtual assistance. Selling products from affiliate programs would also be considered ecommerce. This is not an exhaustive list but it should give you an idea of what ecommerce is.
2) Content-Rich Model
Revenue is generated by selling advertising on your site or in your ezine. Lots of quality content is provided to visitors/subscribers to attract them and to keep them returning to your site or subscribed to your ezine.
The more visitors/subscribers your site or ezine has the more you can charge for advertising. Generally, advertisers pay a - continued below ...
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certain dollar amount per thousand visitors/subscribers.
3) Membership/Subscription Model
Revenue is generated by charging subscribers for access to your site or certain parts of your site. This model can also be used with ezines. You can charge subscribers to receive your ezine or generate a premium version of your ezine and charge a fee.
These are the 3 basic business models online businesses currently use. Of course these 3 models are not the only models out there. There are others.
Many online businesses use a combination of models. For example, you can develop a content-rich site about gardening and sell advertising space on that site to advertisers who are trying to reach people who are interested in gardening (content- rich model).
You can charge visitors for access to a premium area of your gardening site where you provide more quality content that can't be accessed without becoming a member (membership/subscription model). You can also sell gardening supplies and books from your site (ecommerce model).
Choose a business model and you might succeed online. Don't choose a business model and your business may not be around next year or five years from now.
So choose a business model now so you can have success online!
About the Author on't be part of the 50% of small businesses that fail each year or the 95% of small businesses that fail within the first 5 years. Learn how the top Internet marketers have been making thousands of dollars month-in and month-out. Isn't it time that you started participating in the *one perfect business*? For more details mailto:oneperfectbusiness@freeautobot.com http://www.onlinebusinessresources.net
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Discover What to do When Your Credit Worth is Damaged Due to Circumstances out of Your Control - Cathy Taylor First of all, let’s examine exactly what credit worth means and how it affects your financial life. Your credit worth, as defined by the financial industry, is the overall picture of your financial health that is used by lenders to determine your...
Are You SURE Your Link Partners Still Link to You? - John Gergye It’s a fact. While most link partners are scrupulously honest a few are little more than link scam artists. They’ll take a link from you to them. Put up your link back. But then when you’re not looking take yours down. They win. You lose....
Carpal Tunnel Begins in Your Neck, Not Your Wrist - Pamela Adams D C If Carpal Tunnel Syndrome comes from typing on the computer all day, why didn't people who typed on typewriters get Carpal Tunnel Syndrome? Because there was no computer screen to draw their heads forward, their chins tilted up, necks strained. ...
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