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How to Pick Your Online Business Model

This is the year that you plan to really succeed in your online business and make it a full time income. However, in order to build a successful online business, you need to first identify the primary business model you want to follow. There are millions out there, and you may already have one in mind or have one you have committed to. If not, or if you have decided you need to change your focus, here are 8 of the most popular online business models.

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1. AdSense Site

AdSense sites are very popular with people that want a business model that is relatively simple and easy to implement. These sites usually consist of a blog or other type of website with many pages of content that is added to consistently. In order to be successful with an AdSense site, it’s important to rank well in the search engines for many long-tail keywords and to drive a lot of traffic to the site. These sites were extremely popular in the early days of the internet.

2. Affiliate Marketing

Affiliate marketers sell other people’s products and then take a commission on the sale. Business models for affiliate marketers might consist of an ecommerce site, mini-sites on a small niche, one-page sites for a specific product. You can even sell affiliate products on Facebook pages and by using YouTube to drive traffic to an affiliate offer. Most affiliate marketers also focus on building a list they can sell other products to over and over.

3. Info products

Many internet marketers have made their fortunes creating and selling their own digital infoproducts. These might include writing ebooks and guides, creating software, designing graphics, shooting informational videos, delivering ecourses, or writing private label rights products to sell. Most infoproduct sellers expand their income by recruiting affiliates to help.

4. Ecommerce Sites

An ecommerce site is an online store where you sell either your own products, drop-ship products from other vendors, or sell products as an affiliate. They can be a little more difficult to rank in search engines due to the lack of consistent, fresh content. However, good keyword research, SEO, and an active blog can make up for that.

5. Provide Services

One of the quickest ways to make money online is to offer your services through freelance sites. You can write articles and ebooks, design graphics, sell your programming skills, or charge for virtual assistant services. If you have a great deal of experience in one area, you can also sell coaching services.

6. Membership Sites

A membership site requires customers to sign up for a recurring payment in exchange for regularly provided content. Membership sites can be ongoing or a specified length of time. They might involve regular newsletters, new private label rights content each month, or even your own coaching services. It’s certainly attractive to know you’ll earn a regular income each month.

7. Flip Sites

Some marketers love the process of building websites, so they just focus on buying or building sites, then selling them. There are auction sites that specialise in this type of model.

8. Party Plan

Party plan businesses have been around for many years.  The premise is simple – you get a distributorship licence to sell products on behalf of the company and earn commissions on your sales annd the sales of people that you recruit. There are party plans for every product you can think of: cleaning products, cooking utensiils, health and beauty supplies, stationery and cards or even gas and electricity.

Whereas traditionally these businesses required you to go out and sell face to face, increasingly they are allowing you to have a partial or even totally online business. One business at the forefront of this revolution is Younique, which offers a free website and facebook party system for its presenters

Where to Find More Ideas

The Warrior Forum has many, many types of business models that are sold through Warrior Special Offers (WSOs) which you’ll get ideas from. You can join their Warrior Room to get even more advice and ideas. You can also visit other internet marketing forums and websites where you can interact with successful internet marketers to get ideas and feedback.

How to Pick Your Business Model

With so many internet business models to choose from, it’s a challenge to pick just one to start with. Try looking first at what appeals to you straight away. What stands out? Then think about whether you already have the skills or whether you will need to learn them. Is there anyone you can easily outsource to if you don’t have the skills yourself? How much will it cost to implement this business model? Do you have the funds? Once you’ve answered these questions, just pick a model and run with it.

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While you may need to do some more research to get a good grasp of the details and understand what’s involved in each model, you need to make a decision sooner rather than later. You’ll never make any money online if you don’t just dive in and get moving. So pick an online business model that appeals to you, put the blinders on and move ahead.

Mulit Level Marketing: Shona Andrews and Scentsy

Hello my name is Shona Andrews and this is my Scentsy Story.

 

I have always worked full time until the birth of my first child and even then returned to work after 6 months which I have always regretted.  When the second one came along I vowed to do it differently.  Unfortunately circumstances changed…ie husband left, I had to admit defeat and returned to work part time.  It’s then that I started to think about the work at home opportunitites.  I did a lot of research looking for the right product, and  the right company as there are so many scams out there.

I came across Scentsy by accident, I had relocated nearer my family for additional support and the new home was quite damp.  Although the family said they could not smell anything, I could…so out came the old scented candles I had had for years acting as ornaments. I soon discovered (hey, got kids now) ….naked flames attracted the baby, matches attracted the older one, the wick disappeared and could I find it??, lots of wasted scented wax up the side of glass jars and that’s not mentioning the smoke and soot on the walls.  I tried plug ins but they made me sneeze, so I was already looking for something different in the home fragrance department.   That’s when I came across Scentsy….I was looking at an article from a MLM blog and it mentioned this up and coming company just launching in the UK….though ok that’s good, opportunity to get in at the top….looked it up and was surprised to discover it was wickless candles!!!

What you may say!

Well, its an electric wax warmer to be precise but it uses block wax which is heated on a hot plate system.  I thought,  oh I want one of them…tried to find a local agent and the website kept directing me to US agents, as it’s been going over there for several years and was HUGE!  Fastest growing Direct Sales company ever… I eventually found one in Scotland….hint always sign under someone in the UK if possible as you will then get local support…time difference is a killer.

And after chatting with her and doing all my research, I signed up without even seeing the product except for online.

Since then we have formed a great support group covering Facebook groups to local meetings, and had our first conference, where we got to meet the owners of the company and learnt first hand the ethics and mission behind the company.  They had plenty of success stories but they concentrated on what this company can do for others, the fundraising they do is unbelievable and we even have our own Directors Scholarship Fund for our kids to apply for funding to university.

Anyone wanting to do more research (like me) please check out the website:

www.scentsy.net – check out products and About Scentsy at top right hand corner.

Please choose UK as different markets have different products.

It’s a great time to get onboard, earn that extra cash for Xmas…this product sells itself, does well at parties, basket parties and fairs….the product is so superior to any other on the market…as the wax does not burn but gently warms it carries a higher scent load (lasts longer) and none of the troubles of wicked candles, flame, smoke, soot.

It’s great for people with sensitive noses and health problems which mean they cant use wicked candles eg.  epilepsy.

My journey so far has been exciting and I am sure this is only the start…I have not heard of another consultant in my home town so lots of scope.  I have made loads of new friends and have a social life outside the kids for a change.  I now have that extra cash to treat the kids and MYSELF.

Being a mum everyone knows how we tend to put ourselves last on the list, doing a MLM job helps to give you something back, builds your confidence, gives you extra cash to tide us over these hard times and gives us a social life.

Don’t forget who you are, get the best of both worlds and do a MLM job, but choose carefully.  Find something you are passionate about and it won’t be selling.  Its just sharing a passion, makes it easier to talk about and the selling follows naturally.

Joining a new company makes it easier as well as not many people have heard of them so people are automatically going to ask ‘what’s that?’ and away you go’

Please check out my website www.scentsofshona.scentsy.co.uk for your Christmas shopping, or if you would like to join me representing this really exciting company in your town!