So How Do You REALLY, really make money online?
One of the places that I think a lot of people new to IM get stuck is that they come in looking to "make money online" (I did). I know that usually the first thing they hear when they come to this forum asking how to make money online here is to build a business. I think that's excellent advice, and to that end, here are some successful business models that already work online. There are a zillion and one METHODS out there for making money, but only a few business models that are really lucrative. So why not keep it simple? If someone is making a lot of money online, it's most likely through one of the following six approaches. Please feel free to add your own if I missed any:
(Note: There are lots of individual "How To" posts on each of these topics and related ones like traffic generation right here on this forum, written by folks much more knowledgeable than myself, so anyone reading this and looking for more info on any of these topics should use the search function. Or, check out this excellent thread of resources posted by fellow Warrior Ebbi: http://www.warriorforum.com/main-int...wbie-read.html)
1. Create and sell your own products (rich jerk, double your dating, mass control, many warriors, online software products, membership sites)
2. Sell someone else's products as an affiliate (Many bloggers, many "IM guru" lists, product review sites)
3. Create a hugely trafficked website and sell advertising space (Google, Facebook, many blogs and forums, google adsense)
4. Sell your services (writing, marketing, brokering, web design)
5. "Flipping" (domain names, websites, blogs)
6. Sell physical goods (Ebay - I'm not very knowledgeable about this one, so I only included ebay as an example)
One benefit of approaching things from the "business model" perspective is that it helps to cut down on the information overload that people new to IM tend go through. For example, if you're considering buying a product for your business, you can ask yourself "does this product fit into my existing business model?", and make a decision about whether to purchase, rather than frantically jumping from product to product or method to method in the hopes that one of them will be your big break.
Hope this helps!
(Note: There are lots of individual "How To" posts on each of these topics and related ones like traffic generation right here on this forum, written by folks much more knowledgeable than myself, so anyone reading this and looking for more info on any of these topics should use the search function. Or, check out this excellent thread of resources posted by fellow Warrior Ebbi: http://www.warriorforum.com/main-int...wbie-read.html)
1. Create and sell your own products (rich jerk, double your dating, mass control, many warriors, online software products, membership sites)
2. Sell someone else's products as an affiliate (Many bloggers, many "IM guru" lists, product review sites)
3. Create a hugely trafficked website and sell advertising space (Google, Facebook, many blogs and forums, google adsense)
4. Sell your services (writing, marketing, brokering, web design)
5. "Flipping" (domain names, websites, blogs)
6. Sell physical goods (Ebay - I'm not very knowledgeable about this one, so I only included ebay as an example)
One benefit of approaching things from the "business model" perspective is that it helps to cut down on the information overload that people new to IM tend go through. For example, if you're considering buying a product for your business, you can ask yourself "does this product fit into my existing business model?", and make a decision about whether to purchase, rather than frantically jumping from product to product or method to method in the hopes that one of them will be your big break.
Hope this helps!
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