Often, budding online entrepreneurs are besieged by an overwhelming range of home online business opportunities and have no idea where to start. And if they do know where to start, they are yet faced with information overload on the ways and means to get their online business going. What results is a lack of focus and business failure. I am going to share with you today some time proven models of online businesses so you know you are headed in the right direction.
Here are the 3 quick and easy models for you to succeed in your Internet business :
1) Affiliate marketing . There are basically two types of affiliate programs, pay-per-sale and pay-per-lead. Pay-per-sale affiliate marketing is perhaps the better known of the two and is widely popular among Internet marketers. In pay-per-sale, your job is to promote the affiliate program vendor's products and send them as much targeted traffic as you can. When sales are made this way you get paid your commissions. It's a pretty simple model but do not underestimate it as there are many successful affiliate marketers who make a fulltime living doing this.
In pay-per-lead affiliate marketing, it works almost the same way except that you earn commissions simply by referring prospects to your affiliate program vendors. Whether or not those prospects end up buying anything is inconsequential (or a bonus) to you because you will already be paid for referring those prospects in the first place. There is much room for earnings here and it is not so sought after by affiliate marketers.
2) Selling on eBay. Likewise, there are a lot of success stories of people making their fortunes from home through their eBay businesses. You can sell almost anything imaginable from electronics, second-hand cars, clothes, books or just any stuff that is sitting in your garage gathering dust. Find a market in eBay to sell and get rid of your unwanted stuff and earn money at the same time! For serious eBay business wannabes, you would have to hunt around for wholesalers to supply you with goods which you can resell to the eBay markets for a substantial mark-up and profit. There are plenty of such online wholesalers around. Do a search for them.
3) Create your own digital products and sell them online. Digital products have several obvious advantages over physical products. They are easier to create, no worries about supply, inventory control or shipping. Once digital products are created, the sales process can be literally fully automated without you having to monitor it. Digital products can come in the form of ebooks, videos, voice recordings, music or even software. For the beginner, creating an ebook would probably be the easiest place to start. Start by deciding which online niche market you wish to target. It could be anything as diverse as the “Make money online" to the “How to lose weight fast" market niches.
Write about something you have an interest in, which is in your area of expertise. You do not have to produce an entire encyclopaedia, anything between 50 to a 100 pages will be adequate. Package your information and knowledge nicely in the ebook, usually in PDF format and you have your very first digital product. If you think you do not have a flair for writing, there are enough materials in the public domain for you to gather information from. As long as you do not infringe copyright laws and rewrite most of the stuff in your own words, you will have no problems producing ebooks in almost any online market niche of your choice.
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Joseph Kay is a Home Business and Internet Marketing strategist.