Yenn Kuah
Once you have done the research and have decide what to offer to your market, the next thing you have to do is to choose a Business model. The Internet Business Model has to be right for the type of product or service you’re offering to your market.
The following are a few business model you can use to create a multiple source of online income:
1. The “Retailer” modeYou can own Internet Store selling over 1 million products without having to keep stock or fulfill quota. No real store low overheads, no need to employ staff, and no office rental charge.
2. The “Killer Sales Letter” ModelThis Model allow you to make money with just a single web page. The “Killer Sales Letter” Model is one of the favorite amongst the Savvy Internet Entrepreneurs out there.
3. The “Email Marketing” ModelOne of the lowest cost Internet Business Model.. What you do here is to simply send out e-mail regularly without spasming. It can be set on autopilot so it saves you time to send out and follow up with your prospects.
4. The “Viral” marketing ModelThis is known as the “viral” marketing. This Internet Business Model can be explosive if done right. It is a single page web site that features something funny, sad touching, rude or controversial. When your visitors see your website they can’t resist themselves from telling others about it. When others see it too, they will in turn tell their friends about it, and it just go on and on it goes.
There are some who have this Model on their site but do not realize it fully. You can have many profit center. This can be one of the easiest Models to set up, depending on your aspirations and content.
5. The “Social Networking” ModelThis can be one of the most enjoyable Internet Business Models. It gather people from all over the world together to ‘talk’ to each other for free and make money in the process! You are also able to leverage on your group members for free.
6. The “Freebie” Internet Business ModelUsing the “Freebie” Internet Business model, you are giving your visitors FREE good stuff every day to make money. One Super Internet Entrepreneur makes hundreds of thousands of dollars every year by just sending out jokes 5 days a week to his subscribers.
7. The “Affiliate Marketing” ModelBasically you are promoting other people’s product by adding your affiliate link on your website or email. When someone clicks on it and made a purchase, you earn a commission ranging from about 5% to 75%, depending on the types of products, whether it is a physical or non-physical (example Ebook)
8. The “Power Seller” ModelDo you have any products or clothing that you have not been using and has kept for ages? You can turn them into a fortune using the power of Internet. The Super Internet Entrepreneurs under this category are called “Power Sellers”. They use a little ingenuity and tools on the Internet to help them make their fortune online.
9. The “Reseller Rights” ModelGenerally, you sell products with resell rights and keep 100% of the profit. On top of that, the products you sold have affiliate links that can create back-end profits for you thus making residual income with no effort on your part.
Above are just a few Internet Business Models for you to get started. Different Internet Business Models are meant for different people. So if you are going to start your own Internet Business, be sure to choose one that suits you best!
Yenn Kuah is the co-founder of InternetBizAdvisors. You can learn Everything You always wanted to know about Internet Marketing and how you can make money online at http://internetbizadvisors.com/internet_business/7/what-type-of-business-model-should-i-use-for-my-online-business/(Please Remember to claim your FREE copy of A Complete Guide on Newbies Internet Marketing Ebook worth .97Now!)