How to Set Up Your Own Online Business With 3 Easy Money Making Internet Business Models
1) Affiliate Marketing This is probably the most popular business model out there, as anyone can sign-up for an affiliate programme for free and start promoting the product or service on the Internet with hopes that someone will buy, giving them instant commissions.
Affiliate marketers carry no risk since they are only promoting other peoples products for a commission and do not pay for the creation of the product.
They do not handle customer service and need no start up investment.
Since those are the top three things people try to avoid it's no wonder that almost everyone and their grandmother promotes an affiliate programme or another.
The downside is that the money is not exactly enough to give up your day job.
In fact only about 5% ever make any real money.
2) E-Book and information Publishing Sitting at the other end of the spectrum, e-book authors need to be more disciplined in their approach to Internet Marketing.
They also need to invest more than affiliates do.
While affiliates can get away with trying to get 'something for nothing' the same can't be said for these would be authors.
If you're thinking about publishing or selling your own e-book online, and you think it's going to be easy, think again.
You will need to spend a lot more getting your business up and running.
However when you do it right, the payoff can be very rewarding.
Speaking from experience I have purchased e-books for $97 which were only 20 pages long.
If you choose the right niche and can put a great 'spin' on things then maybe this is the way to go.
It will certainly generate a much higher return on investment than affiliates.
3) Internet Based Network Marketing Many people say that the Internet and network marketing are a match made in heaven.
In my opinion, though almost 90% of people get it wrong when it comes to Internet based network marketing.
Some people try to make the Internet do all the work.
They hide behind their computers and focus on selling more and more every month.
Some systems are so complicated that only they can understand it.
The programme that I'm involved in, YourNetBiz, is an uncomplicated, easy to duplicate business model.
In my opinion you have to put in the effort though to speak to people and build a relationship with them - not just via auto-responder emails.
E-book authors, no matter what they say, have no obligation to teach you their "Secret Strategies to Become a Millionaire".
The reason is simple - if they tell you absolutely everything then you will become their competitor - and no one wants more competitors, right? Internet based network marketing is very much the opposite of that.
You HAVE to tell people everything you know - or you'll never get anyone to buy into your business.
Attraction marketing is based on the fact that people buy from those they like and trust.
I would recommend that if you're new to the online world, you need to first join an Internet based network marketing company such as YourNetBiz at least to learn.
No one will be selling you half-baked truths when their success ultimately depends on yours.
No matter which model you choose, make sure you understand the basics, and stop listening to and buying things that are not applicable to your business - (I refer you back to the $97 e-books).
Information overload can weigh you down and overwhelm you.
Affiliate marketers carry no risk since they are only promoting other peoples products for a commission and do not pay for the creation of the product.
They do not handle customer service and need no start up investment.
Since those are the top three things people try to avoid it's no wonder that almost everyone and their grandmother promotes an affiliate programme or another.
The downside is that the money is not exactly enough to give up your day job.
In fact only about 5% ever make any real money.
2) E-Book and information Publishing Sitting at the other end of the spectrum, e-book authors need to be more disciplined in their approach to Internet Marketing.
They also need to invest more than affiliates do.
While affiliates can get away with trying to get 'something for nothing' the same can't be said for these would be authors.
If you're thinking about publishing or selling your own e-book online, and you think it's going to be easy, think again.
You will need to spend a lot more getting your business up and running.
However when you do it right, the payoff can be very rewarding.
Speaking from experience I have purchased e-books for $97 which were only 20 pages long.
If you choose the right niche and can put a great 'spin' on things then maybe this is the way to go.
It will certainly generate a much higher return on investment than affiliates.
3) Internet Based Network Marketing Many people say that the Internet and network marketing are a match made in heaven.
In my opinion, though almost 90% of people get it wrong when it comes to Internet based network marketing.
Some people try to make the Internet do all the work.
They hide behind their computers and focus on selling more and more every month.
Some systems are so complicated that only they can understand it.
The programme that I'm involved in, YourNetBiz, is an uncomplicated, easy to duplicate business model.
In my opinion you have to put in the effort though to speak to people and build a relationship with them - not just via auto-responder emails.
E-book authors, no matter what they say, have no obligation to teach you their "Secret Strategies to Become a Millionaire".
The reason is simple - if they tell you absolutely everything then you will become their competitor - and no one wants more competitors, right? Internet based network marketing is very much the opposite of that.
You HAVE to tell people everything you know - or you'll never get anyone to buy into your business.
Attraction marketing is based on the fact that people buy from those they like and trust.
I would recommend that if you're new to the online world, you need to first join an Internet based network marketing company such as YourNetBiz at least to learn.
No one will be selling you half-baked truths when their success ultimately depends on yours.
No matter which model you choose, make sure you understand the basics, and stop listening to and buying things that are not applicable to your business - (I refer you back to the $97 e-books).
Information overload can weigh you down and overwhelm you.
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