Business Models - Questions and Answers

Business model simply means how do you generate revenue. There are several business model in online marketing. Namely, eCommerce (you sell products), affiliate marketing (you promote others products), advertising (you build authority sites and get advertisers, like adsense), membership sites (recurring income from members).

You can build your entire business on one business model (not recommended) or you can integrate and have a few. For example an eCommerce site with ads.

SEO, PPC, article marketing are just methods to drive traffic, without a good business model, you will still die even with lots of traffic coming to your site.

As a beginner, i suggest you start off with affiliate marketing, once you know how to sell other people's products, you can then consider selling your own products.....Good luck!

I will build on what fated82 started.

There are basic business models such as affiliate marketing or membership sites, but those are to big.

You need to stay more focused than that.

A simple business model could be to pick a niche content area (again many skills in picking the 'right' niche) and then build a content site around that niche. From there create something of value about that content area (report, lesson, etc) and offer that in exchange for email address. Now you have a list of people interested in a niche topic. Send them good quality information and quality offers. Do not go overboard on the offers. Keep adding to the content site and keep gathering email addresses. As you build your list you will increase your income when more people accept your offers.

A second simple business model is very similar - build a niche content site and rather than collect email addresses, simply have offers built right into the site. As people visit you site (from high google rankings) some will click on your offers and purchase. Usually the revenue in this model is lower, but not as much long term work - sort of build it, set it and forget it. Let it earn $1/day. Then go build another site.

PLR business model is common if you can write or learn to write. Research a topic, create articles, reports, ebooks and sell the content in a WSO. As you build up a customer list, go back to them with more PLR content. This is common as there are many many niche areas that people are looking for content, and new trends and fads come around every day that you can write about.

Search around, almost every other post will be describing a business model of some kind. You will learn much more as you read.

Here are a couple posts that describe some different business models:
http://www.warriorforum.com/main-int...o-i-start.html

http://www.warriorforum.com/main-int...-strategy.html

http://www.warriorforum.com/main-int...e-success.html

Hope that helps

To add on the above posts.

Once you have your business plan. Make sure everything you is only to grow your business based on your business plan.

When you buy a training course, make sure it is tasks like
- increase traffic
- increase email list
- improve conversion
- monetize your list

What to avoid
- how to make $4000 a day with no work
- how to do affiliate marketer (when your business plan is only niche market site or eccomerce) - you get the point.

Just focus on the business plan, as above, and grow.

Cheers,
Mukul

Thank all of you - I will keep this in mind while I grow.

This forum is awsome

Thank you Allen - When I start making money one the first educational "things" I will buy is membership to the war room.